Key facts
- Hong Kong private home prices rose in June.
- This marks 13 consecutive months of price increases.
- The increase in June was 0.3%.
- The pace of increase slowed from May's 1.5% gain.
- Prices have climbed 7.9% in the first six months of the year.
Private home prices in Hong Kong have extended their upward trend for the 13th consecutive month, reaching June with a 0.3% increase. This latest data, released by the Rating and Valuation Department, indicates a continued, albeit slower, expansion in the city's property market. The June figure represents a deceleration from the 1.5% price surge observed in May. However, over the first six months of the year, Hong Kong's private home prices have collectively risen by 7.9%. This sustained growth suggests ongoing demand and a resilient property sector despite the moderating pace of increase in the most recent month.