Hong Kongs property prices in October fell 2.4% month -on -month hit a new low i

Hong Kong's property prices in October fell for five consecutive months, the lowest since November 2017.

According to the Hong Kong Sinoto News Agency, the Raiders Property Office of the Hong Kong Special Economic Zone announced that the October Price Index Index was reported at 352.4, a month -on -month decline expanded to 2.4%, and the year -on -year decline also expanded to 11%.

According to data, the property prices in Hong Kong in the first 10 months of this year have fallen by about 10.5%, of which the property prices of small and medium -sized units have fallen 2.5%month -on -month, and have fallen for five consecutive months; large units fell 1%month -on -month., Fall for three consecutive months.Compared with last year, the two declined more than 11%and nearly 9%, respectively, and the two declined from the previous month and year -on -year declines.

In addition, the data section data showed that the rent index of private buildings in October was reported at 179.5, an increase of about 0.3%month -on -month, a year -on -year decline to 2.6%.