Home prices rise to near-record levels

The latest figures released by the government on Friday showed Hong Kong’s home prices went up at a faster pace, to near-record levels in July.

The home price index released by the Rating and Valuation Department increased by 0.46 percent to 396.9 – just 0.15 percent off the last record set in May in 2019.

Flat prices have risen for seven consecutive months, by 4.3 per cent so far this year.