The HSI showed a high correlation with housing prices over the longer term, its moves preceding those of house prices by three to six months, says Wong. Photo: AP The HSI showed a high correlation with housing prices over the longer term, its moves preceding those of house prices by three to six months, says Wong. Photo: AP
The HSI showed a high correlation with housing prices over the longer term, its moves preceding those of house prices by three to six months, says Wong. Photo: AP
Martin Wong Shiu-kei
Opinion

Opinion

Concrete Analysis by Martin Wong Shiu-kei

Is the Hang Seng Index or unemployment rate a better predictor of Hong Kong housing prices?

  • Martin Wong of Knight Frank looks at data correlating major movements in the Hang Seng Index and unemployment rate with those in Hong Kong’s home prices
  • The Covid-19 outbreak has pushed the Hong Kong unemployment rate to its the highest level in 16 years, while the benchmark stock index fell almost 14 per cent in the first half of 2020

The HSI showed a high correlation with housing prices over the longer term, its moves preceding those of house prices by three to six months, says Wong. Photo: AP The HSI showed a high correlation with housing prices over the longer term, its moves preceding those of house prices by three to six months, says Wong. Photo: AP
The HSI showed a high correlation with housing prices over the longer term, its moves preceding those of house prices by three to six months, says Wong. Photo: AP
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