Hong Kong real estate market differentiation: Selling prices decline, rental index reaches historical high again.

The Hong Kong property price index, having risen for 13 consecutive months, has now declined. According to data from the Hong Kong Rating and Valuation Department, the private residential property price index in June fell to 321.5, a decrease of 0.46% month-on-month, but an increase of 11.59% year-on-year. The price index for small and medium-sized units (below 100 square meters) dropped by 0.46% month-on-month, while the price index for larger units (100 square meters or more) decreased by 0.31%. Among them, the price index for Type A properties (below 40 square meters) fell by 0.35% month-on-month; Type B properties (40 to 69.9 square meters) dropped by 0.57%; Type C properties (70 to 99.9 square meters) declined by 0.55%; Type D properties (100 to 159.9 square meters) decreased by 0.38%; and Type E properties (160 square meters or more) remained unchanged. Regarding rent indices, in July, the private residential rent index rose to 207.4, reaching a new high, with a month-on-month increase of 0.78% and a year-on-year increase of 5.07%. In the first seven months of this year, the private residential property price index rose by 7.31%, and the rent index increased by 3.44%.