Property agents’ pricing data are timely, since provisional agreements are reached earlier than formal purchase and sales agreements, but the sampling size is limited. Photo: Felix Wong

Can property price indices be considered reliable? Data prone to fluctuate as transaction volume falls

As monthly sales in the secondary market hit new lows, can price indices – which may be skewed by a small number of high- or low-value sales – still be relied on as accurate indicators of the state of the property sector?

Topic |   Weekend Property

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Property agents’ pricing data are timely, since provisional agreements are reached earlier than formal purchase and sales agreements, but the sampling size is limited. Photo: Felix Wong
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