Property News · September 30, 2020

Hong Kong’s August home price index drops by the most in six months as recession, Covid-19 sap investment appetite


Hong Kong’s prices for used residential property declined by the most in six months in August, as the coronavirus pandemic combined with the city’s worst recession on record in sapping investors’ appetite.The August price index for lived-in homes dropped by 1.1 per cent to 380.6, according to the Rating and Valuation Department on Wednesday, the biggest decline since February and down 4.1 per cent from the May 2019 peak of 396.9. The price index fell 2.1 per cent among large homes measuring…

Source : South China Morning Post
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