28/8/2017-9

The property price index of the CPI is 16 liters

NEW YORK (Reuters) – Hong Kong property prices have risen for 16 months and hit a record nine consecutive months. According to the latest data from the Rating and Valuation Department, the private housing price index for July was only 336.8 points, up slightly by 0.09% on a monthly basis. However, property prices surged more than 24% in the past 16 months, up 19.56% year-on-year.

Large unit gains outperformed

The figures rose from April last year to July this year, up to 16 months. Such as from the beginning of the year so far, accumulated about 8.8%. The increase was the lowest in category A (431 sq ft or below), up only 0.05% per month. The largest increase in C units (753 square feet to 1,076 square feet) units, up 0.27%.

On the rental side, the rent index for July was reported at 183.2 points, up by about 0.16% on a monthly basis, up by 8% for the period, up 6.5% and 9.3% year-on-year. Figures from the beginning of the year, an increase of about 4.4%. This is the smallest increase in the past eight months, but the index is still new high.

For the property price index continued to record high, the new land (016) deputy director of the Thunder that the impact of the property market hot strokes, second-hand transactions less, under the influence of low base, that the index is difficult to reference, may not fully reflect the market conditions. At the same time, he observed the recent offer of new disk is also quite restrained, the steady development of property prices.

Knight Frank Senior Director and Director of Valuation and Consulting Lin Haowen also said that the current volume is still small, it is estimated that this year, the first and second hand turnover of about 62,000 to 65,000, slow turnover, the middle class difficult The high property prices will affect Hong Kong’s sustainable development and social stability. It is estimated that the property prices in the remaining months of this year will be relatively stable. The annual increase will be about 10% to 13%. As long as the property prices do not increase much in the coming months, it is estimated that the Government will not move.