30th June 2020 – (Hong Kong) Hong Kong residential property prices rebounded recently. The latest provisional data released by the Rating and Valuation Department today (30th) shows that the private domestic residential selling price index for May this year reported 384.8 points, up about 1.9% from April.
In the first five months of this year, the index rose by about 1.48%. The rent index for May reported at 177.7 points, a significant month-on-month drop of about 1.2%, and it has fallen for 9 consecutive months. The index was the lowest after February 2017. The first five months of this year fell by as much as 6.3%.
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