50 indicator house rent increased by 0.4% in 35.54 months
According to Chen Haichao, head of the research department of Lijiage Real Estate, the weighted average real estate charter rate for the 50 index housing estates in Hong Kong was reported at 35.54 yuan last month, up 0.4% month-on-month, hitting a record high and rising 0.37% in the first quarter of this year. In addition, a total of 940 rental transactions were recorded in the 50 index housing estates last month. Although they increased by 43% month-on-month, they were the highest in five months. However, only 2,329 rental transactions were recorded in the first quarter, creating 50 quarters (more than 12 years) new low.