Hong Kong Rating and Valuation Department: Property price index in April rose by 0.4% month-on-month, ending four consecutive declines.

On May 28th, data from the Rating and Valuation Department of Hong Kong showed that the private residential property price index in Hong Kong in April was 285.7, compared to 284.7 in March, representing a slight increase of 0.4% from the previous month, ending a four-month decline. However, it was still a decrease of 7.72% compared to the same period last year, with a cumulative decrease of 1.2% so far this year. Additionally, the rental index for April was 193.7, showing a 0.3% increase from the previous month, marking a fifth consecutive month of increase. Compared to the same period last year, there was a 3.64% increase, with a cumulative increase of 0.62% for the first four months of this year.