Hong Kong Rating and Valuation Department: The private residential buildings price index reached a new high in a year and a half in December last year, and rose nearly 3.3% throughout the year.

The Hong Kong Rating and Valuation Department announced that in December of last year, the private residential price index rose to 298.6, reaching a new high in a year and a half, with a monthly increase of 0.23% and rising for 7 consecutive months. The overall property prices increased by nearly 3.3% last year, ending a 3-year decline. In terms of unit size, prices for medium and small units increased by 0.23% last month, while prices for large units of 1076 square feet or above increased by about 0.22%. For the whole year, prices increased by 3.4% and over 1.4% respectively. In addition, the rental index rose to 200.7 last month, setting a new record, with a slight monthly increase of about 0.1%. Rental prices increased by nearly 4.3% over the entire year. Last month, rental prices for medium and small units also saw a slight increase, while prices for large units increased by nearly 0.6%. For the whole year, rental prices increased by nearly 4.3% and about 4.2% respectively.