China News Service, Hong Kong, December 29 (Liu Chenyao, Zhao Rui) According to data released by the Hong Kong Special Administrative Region Government’s Rating and Valuation Department on December 29, Hong Kong’s November private residential price index reported 391.5, a record low in 7 months. The last low was 391 points in April this year.

  According to data, the private home price index in November was reported at 391.5, a month-on-month decline widening to nearly 1.2%, and a year-on-year increase of nearly 2.9%.

Property prices have risen by about 3% this year.

  The property prices of small and medium-sized units fell for two consecutive months. In November, the property prices fell nearly 1.2% month-to-month, and the property prices of large-scale units fell nearly 2.3% month-on-month.

The year-on-year growth rates of the two were 2.8% and 5.6% respectively.

In the first 11 months, both types of units have accumulated a cumulative increase of about 3%.

  In this regard, Chen Haichao, head of Ricacorp's real estate research department, told a reporter from China News Agency that the current trend of the property market index shows that it has fallen for two consecutive months, and the main reason is that the stock market has fallen in the past period of time.

He believes that since the third quarter, the Hong Kong stock market has continued to fall, and it has been hitting new lows in the past one or two months, which has affected the overall atmosphere, so the property market has also fallen.

"We have seen that the large-scale D and E flats have experienced a relatively large decline, exceeding 2%. This was in November. It can be seen that some owners are throwing hands on the stock market, so the price they sell their houses has to be lowered. From this point on Reflected."

  In addition, the data also shows that Hong Kong's private residential rent index reported at 182 in November, down 0.7% month-on-month and up nearly 2% year-on-year, with a cumulative increase of about 3% in the first 11 months.

(Finish)

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