Hong Kong Rating and Valuation Department: September home price index up 0.19% month-on-month, rising for two consecutive months

Hong Kong's home price index has risen for two consecutive months, while the rental index has climbed for 11 straight months, hitting a new record high. Data from the Hong Kong Rating and Valuation Department shows that the private domestic home price index for the whole territory rose to 320.8 in September, up 0.19% month-on-month, rising for two consecutive months, and up 9.34% year-on-year. The price index for small and medium-sized units (below 100 square meters) rose 0.16% month-on-month; the price index for larger units (100 square meters or above) rose 0.8% month-on-month. Among them, the price index for Class A properties (below 40 square meters) was flat month-on-month; Class B properties (40 to 69.9 square meters) rose 0.19% month-on-month; Class C properties (70 to 99.9 square meters) rose 0.46% month-on-month; Class D properties (100 to 159.9 square meters) rose 0.9% month-on-month; and Class E properties (160 square meters or above) rose 0.49% month-on-month. As for the rental index, the private domestic rental index rose to 212.2 in September, setting a new record high, up 0.47% month-on-month and up 6.15% year-on-year. In the first nine months of this year, the private domestic home price index rose 7.08%; the rental index rose 5.84%.