Hong Kong housing prices up 5 percent in a month
Today, the University of Hong Kong released their (HKU-REIS) indicating that, in March, the price of residential properties increased a whopping 4.54% since February climbing 25.46% above the level seen in March 2010.
The 鈥�Hong Kong Island鈥� index, 鈥�Kowloon鈥� and 鈥淣ew Territories鈥� sub-components also showed stunning monthly and annual increases with the "Hong Kong Island" series indicated that prices have now far outpaced the prior 1997 peak.
The HKU-REIS is a set of property price indices constructed monthly using a similar to that of the S&P/Case-Shiller indices yet suited to the Hong Kong property market.
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