Home prices bounce on eased mortgage rules

Business | 8 Nov 2019 5:22 pm

Secondary home prices recorded the biggest rise in 15 weeks after dropping for 10 consecutive weeks.

Centaline Property Agency's The Centa-City Leading Index, which tracks secondary private residential property prices in Hong Kong, increased by 0.22 percent week-on-week to 179.4 during the week from October 28 to November 3.

For the largest units, the sub-index sild by 0.03 percent week-on-week to 180.82.

In terms of small and medium units, the sub-index was up by  0.27 percent week-on-week to 179.11.

In terms of districts, secondary home prices in New Territories West recorded the biggest increase of 1.4 percent from a week ago, while New Territories East recorded a 0.8 percent week-on-week drop and hitting a 29-week low.

Centaline said the increase ends a round of adjustment under improvemed sentiment stimulated by the government's measures to ease the mortgage rules.

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