The latest housing price index – the Private Domestic Property Price Index – released by the Rating and Valuation Department in May has surged to 393.7, only 0.8 per cent lower than 396.9, the highest index point recorded back in May of 2019. Despite the challenges brought about by the Covid-19 pandemic, the transaction prices of second-hand residential property are peaking again.
The outbreak of Covid-19 in early 2020 and the ensuing lockdown restrictions in major global economies, as well as…
Source : South China Morning Post
Read more…Hong Kong home prices are inching towards record highs once again. Here’s how this perennial issue can be tackled
