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HK property market shatters price records for 13th month in a row

The city's flats are second-most expensive in the world after Monaco

Published Fri, Dec 29, 2017 · 09:50 PM

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    Hong Kong

    PRIVATE home prices in Hong Kong broke historic records for the 13th straight month in November, with the ascent showing no immediate signs of ending and analysts expecting the rise to continue into next year.

    Prices rose by 1.08 per cent in November, marking the fastest pace of growth in six months, according to data compiled by the Rating and Valuation Department released on Friday. The index, which began its climb in April 2016, surged 13.1 per cent year-on-year.

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