Hong Kong property prices surging again!
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Hong Kong´s residential property price index rose 21.27% (17.91% inflation-adjusted) during the year to April 2015, sharply up from an increase of just 2.42% (-1.18% inflation-adjusted) during the same period last year, according to the Ratings and Valuation Department (RVD).
Unsurprisingly, smaller-sized properties had the highest price rises. Prices of apartments smaller than 40 sq. m. rose by 17.3% during the year to April 2015, and apartments 40-69.9 sq. m. rose by 17.6%. Prices of apartments 70-99.9 sq. m. rose by 13.1%, while prices of apartments 100-159.9 sq. m. rose by 10.5%. On the other hand, average prices of apartments larger than 160 sq. m declined by 11.25%.
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