Private home prices continue record-breaking climb - RTHK
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Private home prices continue record-breaking climb

2017-10-31 HKT 13:56
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  • Private house prices registered a 15 percent jump in September when compared to the same month in 2016. File photo: RTHK
    Private house prices registered a 15 percent jump in September when compared to the same month in 2016. File photo: RTHK
Private home prices have continued their record-shattering rise for the 11th month in a row.

Data from the Rating and Valuation Department shows prices rose 0.27 percent in September and nearly 15 percent when compared to the same month a year ago.

Small and medium-sized flats saw bigger price gains when compared with luxury units.

Overall prices have risen further into uncharted territory every month since November 2016 amid a rising trend which started from April that year.

Rents in Hong Kong have also continued to spiral upwards, now for a tenth month.

According to the data, rents in the city went up by 0.9 percent in September, registering a 7.8 percent jump year on year.