Secondary home prices climb for four straight weeks

Business | 5 Jun 2020 6:17 pm

Secondary home prices in Hong Kong kept rising for four consecutive weeks.

Hong Kong Island property prices increased by 2.2 percent, the highest in 38 weeks.

The Centaline Property Agency's price tracking Centa-City Leading Index was up by 0.96 percent from a week ago to 180.26 points, the highest for this year.

The CCL Mass index rose 1.07 percent week-on-week to 183.87, a 36-week high.

CCL for small and medium units also recorded a high from 27 weeks ago.

However, the CCL index for Kowloon units was down by 0.21 percent, compared with last week.

Among different districts, New Territories West property price increased the most in 92 weeks, up by 4.6 percent in three weeks.

Centaline Property expects the uptrend will be weaker due to new local Covid-19 confirmed cases and social movements.

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