HK secondary flat prices ease

Business | 21 Feb 2020 6:05 pm

The secondary home prices in Hong Kong dropped the first time in four weeks.

The Centaline Property Agency's price tracking Centa-City Leading Index dipped by 0.02 percent from a week ago to 178.8 points.

For the largest units, the sub-index slid by 0.17 percent week-on-week, but climbed by 1.64 percent month-on-month to 178.44.

The sub-index for small and medium units almost stayed at 178.87 as the previous week, increasing by 0.83 percent from a month ago.

Centaline predicts a downtrend of the CCL and expects it will start to reflect the impact from the coronavirus outbreak in the next week. The property agency also projects the gauge will slide to around 170 points in the first half this year.

 

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