House prices in Hong Kong fell for 10 months, and the monthly decline in February expanded.
Comprehensive data from China News Agency and Radio Hong Kong, data released by the Hong Kong Government Restrictions Property Office on Tuesday (March 26) shows that the price index of private residential prices fell to 302.5, which was September 2016.The lowest has been expanded to nearly 1.7%and nearly 13%of the month and year -on -year declines.
Small and medium -sized units and large units sell for nearly 1.7%and nearly 1.3%monthly, respectively, and falling nearly 13%and about 10%respectively year.
Chen Haichao, director of the Real Estate Research Department of Lijiage, believes that the decline in the property price index in February this year is due to the measures of buyers watching the fiscal budget, the Hong Kong stocks fell below the 15 o'clock mark, plus the near Spring FestivalThe market conditions faded further.
Chen Haichao said that after the fiscal budget was announced in full "withdrawal", the property market broke up. It is expected that it will still record a decline in the first quarter of this year, and it will rise in May or June.
