Friday, July 17, 2015

Hong Kong Residential Property Prices: HKU-REIS March 2015

The latest release of the University of Hong Kong's Hong Kong Residential Real Estate Series (HKU-REIS) indicating that, in March, the price of residential properties declined 1.06% since February but still remained 16.57% above the level seen in March 2014.

The HKU-REIS is a set of property price indices constructed monthly using a “modified” repeat-sale methodology similar to that of the S&P/Case-Shiller indices yet suited to the Hong Kong property market.