Hong Kong home prices rise for the first time since March, though rents cool slightly

Secondary home prices increased 0.62 per cent to a reading of 290.1 in October from 288.

3 in September, according to data from the Rating and Valuation Department. Still, home prices are down by about 7 per cent so far this year. From their all-time high in September 2021, home prices have declined by more than a quarter.



Meanwhile, home rents retreated by 0.3 per cent, their first decline since February. Rents have been on an general upward trend since May last year and were just four points shy of the 200.

1 peak recorded in September 2019. So far this year, home rents have risen by about 4.8 per cent.

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