Prices fell 1.14 per cent to 388.9 in January, according to an index published by the Rating and Valuation Department. Photo: Sun Yeung
Prices fell 1.14 per cent to 388.9 in January, according to an index published by the Rating and Valuation Department. Photo: Sun Yeung

Hong Kong’s used home prices drop by most in 23 months as owners discount their flats to flee Covid-19 fifth wave

  • Prices fell 1.14 per cent in January, the sharpest decline since February 2020 when the gauge retreated by 1.6 per cent
  • The worst may be yet to come, according to Ricacorp Properties which forecasts a 4 per cent fall in prices in the first quarter of the year

Prices fell 1.14 per cent to 388.9 in January, according to an index published by the Rating and Valuation Department. Photo: Sun Yeung
Prices fell 1.14 per cent to 388.9 in January, according to an index published by the Rating and Valuation Department. Photo: Sun Yeung
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