HK home price rises 1.6pc in February, up for ninth straight month

Hong Kong’s private home price index rose for the ninth month in February, hitting a new 22-month high, according to the Rating and Valuation Department.

The index increased 1.59 percent from the previous month to 307.6. Combined with the first two months, the city's home prices have grown 2.6 percent.

Last month, prices of small and medium-sized apartments advanced by 1.61 percent month-on-month, representing a 7.8 percent growth from a year before.

Prices of large flats went up 1.39 percent from a month ago, or 6.08 percent year-on-year.

Meanwhile, Febeary rental indices climbed 0.05 percent, up for the fourth month in a row and hitting a new record high.