61% of respondents: property prices expected to rise this year

According to the latest figures from the Rating and Valuation Department, the index of property prices in Hong Kong has been rising for 21 consecutive months. Among them, the index has broken even for 14 consecutive months. It rose 14.8% last year, the strongest increase in five years. Market concerns whether the property prices this year will reproduce the upward trend of the previous year will make getting on the bus more difficult.

Sing Tao Property Network earlier conducted a poll with the theme of “the year-on-year growth of private flats in property prices soared by more than 14% this year.” According to the survey, 61% of respondents think property prices will go steady this year .

A total of 143 respondents were interviewed for their opinion. 87 of them, or 61% of the respondents, think that property prices will keep rising this year despite a sharp rise last year. The other 22 respondents said the opposite, or 15% of the total.