＜HK Home＞RVD: HK May Private Residential Property Price Index Down 1.2% MoM, Logging 3-mth Low

　　The Rating and Valuation Department (RVD) announced that Hong Kong's private residential property price index dropped 1.2% MoM to 305.9 in May, ending two consecutive months of elevation after the government's withdrawal of spicy measures at the end of February, and hitting a three-month low. The index has dropped 1.7% YTD and is 23.2% below the September 2021's record high.

　　The selling price index for small and medium-sized private flats with saleable area less than 1,076 sq.ft. dropped by 1.3% MoM to 307.2, and has accumulated a YTD fall of 1.7%. The selling price index for large-sized flats with saleable area of 1,076 sq.ft. or above faded by 1.2% MoM to 278.3. The YTD cumulative decrease was 0.8%.

　　AAStocks Financial News