Hong Kong Rating and Valuation Department: Residential building price index rose by 1.4% month-on-month in May, marking the 12th consecutive month of increase.

According to the Zhtng Financial APP, the latest data from the Hong Kong Rating and Valuation Department shows that in May, the Hong Kong private residential building price index was 321.9 points, an increase of 1.4% compared to the previous month, rising for 12 consecutive months. Compared to the same period last year, there was a 12.4% increase, reaching a high point in over two years. The property prices have increased by 7.44% in the first five months of this year.