Property News · March 31, 2017

Hong Kong’s February home price index rises to record


Home prices of Hong Kong, the world’s least affordable major city, rose for the 11th consecutive month to a record in February, as buyers swarmed new apartment projects to place bookings before the city’s banks raise their mortgage rates.
Ferbruary’s home price index rose 1.1 per cent to 312.8, from January’s 309.4, according to data from the Ratings & Valuation Department.
Prices rose 14.3 per cent in February compared with last year, and advanced 1.8 per cent since…

Source : South China Morning Post
Read more…Hong Kong’s February home price index rises to record

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