HongKong

Hong Kong home prices rise for 13th straight year, with rising trend likely to sustain if city brings fifth wave of Covid-19 outbreak under control



Hong Kong’s home prices rose for a 13th straight year in 2021 even as prices declined for a third consecutive month in December, according to an index published by the city’s Rating and Valuation Department.The index for lived-in homes in December fell about 0.3 per cent to 392.5 from the previous month.Since September, when the index reached a record high of 398.1, it has retreated 1.4 per cent. But on an annual basis, the December reading was 3.3 per cent higher compared with 379.9 a year…



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