![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEga1zqe_g13l79vLtZKsbGtszaqOiklANDaupcskIKbcV11hw-lyJRzE3fO3gOpOZ4VntJClJCmWGm26H763DGntkIu7CaXwCNooSyG78QoOincDabfKoCkai6SGGhgeP8vofEr/s400/hong-kong1.jpg)
The “Hong Kong Island” index, “Kowloon” and “New Territories” sub-components also showed notable 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 “modified” repeat-sale methodology similar to that of the S&P/Case-Shiller indices yet suited to the Hong Kong property market.