Residential buildings in Hong Kong, pictured on October 17, 2022. An index of lived-in homes prices has dropped to nearly a five-year low. Photo: Bloomberg
Hong Kong home prices slump to nearly five-year low after biggest monthly decline of year, with more drops to come
- Prices of lived-in homes in Hong Kong fell 2.4 per cent on a monthly basis in October, according to government data released on Monday
- The government’s price index stands just above where it was in November 2017, as analysts say prices will continue their slide into next year
Residential buildings in Hong Kong, pictured on October 17, 2022. An index of lived-in homes prices has dropped to nearly a five-year low. Photo: Bloomberg
