September Hong Kong private residential property price index rises 0.19% month-on-month; Colliers maintains full-year price growth forecast of 8% to 10%

Zhitong Finance APP has learned that the Hong Kong Rating and Valuation Department announced today that the private domestic price index for the whole territory rose back to 320.8 in September, up 0.19% month-on-month, rising for two consecutive months, while up 9.34% year-on-year; it accumulated a rise of 7.1% in the first nine months. The rental index for the same period reported 212.2 points, up 0.5% month-on-month and up 6.2% year-on-year. Leung Chun-fung, Senior Director of Project Development Planning at Colliers Hong Kong, said that the overall atmosphere in the residential market has continued to improve recently, with the primary market maintaining certain sales momentum, reflecting a gradual recovery in buyers' confidence in entering the market. The earlier performance of the land market also released positive signals, with developers willing to actively participate in bidding for high-quality land parcels, reflecting that the industry remains confident in the medium- to long-term prospects and development value of the residential market.