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<HK Property>RVD: HK Feb Private Domestic Price Index 1.7% Lower MoM, Logging Over-7-Yr Low Again
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The Rating and Valuation Department (RVD) announced that the private domestic price index declined by 1.7% MoM to 302.5 in February, down for the tenth consecutive month and hitting an over-seven-year low since September 2016. In the first two months of this year, the index fell by 2.9% cumulatively and was 24% lower than the 2021 record high. The price index for Class A flats with saleable area below 40 square metres fell 1.7% to 326, dropping for the tenth consecutive month and to a seven-and-a-half-year low since August 2016, and down by 26.5% from the 2021 record high. The private domestic rental index decremented slightly by 0.1% MoM to 185.3 in February, down for the second consecutive month. AAStocks Financial News |
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