HK private flat prices ease in April

Business | 29 May 2020 4:53 pm

Hong Kong private units prices slid in April with the tracking price index falling by 0.4 percent year-on-year percent to 376 points, an over-one-year low, data from the Rating and Valuation Department showed.

The gauge has dropped by 0.8 percent accumulatively during the first four months this year.

For private units sized below 1,000 square feet, the sub-index slid by 0.2 percent from March while that for larger units dropped by nearly 0.7 percent month-on-month.

Rents for local private units fell for an eighth consecutive month in April, decreasing by 1.3 percent month-on-month to 180 points.

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