In January, property prices rebounded
The property market in Hong Kong is picking up, and property prices are also picking up. The Rating and Valuation Department announced that the private residential price index for January was the latest at 359.5, a slight increase of 0.08% from December last year. It was the first time since the index fell in August last year and ended its five-month losing streak.
The market outlook will continue to expand
Chen Haichao, head of the research department of Lijiage Real Estate, said that after five months of falling prices, property prices will eventually stabilize. It is expected that the market’s gains will continue to expand, and the property market may rebound earlier than expected earlier. He also pointed out that the budget is expected to reduce the number of private homes in the next five years to less than 20,000 a year. In addition, the private land for sale in the new year will also hit a new low in recent years. The supply of private houses in the future is still very limited and will be pushed. High property prices are expected to increase to 0.5% to 1% in the property price index last month, and the increase in March is even more impressive.