Skip to footer

Report: Hong Kong residential properties dip in November

The University of Hong Kong reported a decline in the price of Hong Kong's residential properties from October through November 2013, but overall, those prices are still above those reported in 2012.

|
SoldAtTheTop
According to a report from the University of Hong Kong, prices of residential properties have been generally on the rise since the end of 2011. But those prices did drop by about 1.43 percent from October to November.

The latest release of the University of Hong Kong's Hong Kong Residential Real Estate Series (HKU-REIS) indicating that, in November, the price of residential properties declined 1.43% since October but still rose 3.82% above the level seen in November 2012.

The last few months of data appear to be indicating that a pullback of sorts is occurring for Hong Kong property prices.  Clearly, it will take some more time and data to discern whether this pullback is just a healthy pause in an astounding run of price inflation as had occurred during 2008 and 2011 or whether some more notable trend is playing out.
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.

You've read  of  free articles. Subscribe to continue.
Real news can be honest, hopeful, credible, constructive.
What is the Monitor difference? Tackling the tough headlines – with humanity. Listening to sources – with respect. Seeing the story that others are missing by reporting what so often gets overlooked: the values that connect us. That’s Monitor reporting – news that changes how you see the world.
editor@csmonitor.com
Subscribe
Mark Sappenfield
Editor

Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.

Subscribe to insightful journalism

QR Code to Report: Hong Kong residential properties dip in November
Read this article in
https://www.csmonitor.com/Business/Paper-Economy/2014/0123/Report-Hong-Kong-residential-properties-dip-in-November
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe