Private home price index rises 0.4 pc in October for fifth straight month

Hong Kong's private home prices rose for the fifth straight month amid the improving market sentiment.

The home price index inched up 0.41 percent month-on-month to 294.3 in October, data from the Rating and Valuation Department shows.

The official home price index grew by 1.76 percent from a year ago for the first 10 months.

The prices of small and medium-sized flats rose 0.37 percent, while flats above 100 square meters saw their prices increase 0.9 percent.

Of these, prices of flats under 40 sq m edged up 0.51 percent, while those for homes between 40 and 69.9 sq m went up 0.14 percent. Flats sized from 70 to 99.9 sq m also recorded a price hike of 1.06 percent.

The private domestic rental index ended its 10-month consecutive hike and remained the same growth of September at 200.2, up 3.89 percent compared to a year ago.

For the first 10 months, the rental index jumped 4 percent from a year earlier.