Residential prices on the rise in Hong Kong
The price of residential properties in Hong Kong increased 0.19 percent since June according to the University of Hong Kong.
The price of residential properties in Hong Kong increased 0.19 percent since June according to the University of Hong Kong.
By SoldAtTheTop, Guest blogger
Recently, the University of Hong Kong released their聽Hong Kong Residential Real Estate Series聽(HKU-REIS) indicating that, in July, the price of residential properties increased 0.19% since June and climbed 7.54% above the level seen in July 2011.聽
The HKU-REIS is a set of property price indices constructed monthly using a聽鈥渕odified鈥� repeat-sale methodology聽similar to that of the S&P/Case-Shiller indices yet suited to the Hong Kong property market.聽