Centaline’s Centa-City Leading Index was at 189.42 as of 26 May.
Property prices in Hong Kong reached an all-time high last 31 May after relentless gains over the past three months. Home values in the city have now broken their previous record set last August, making the correction from mid-last year through January look like a temporary blip, according to Centaline’s Centa-City Leading Index.
The index, which measures the city’s used homes values, stood at 189.42 for the week ended 26 May, the highest ever. Prices have risen by 8.6% since the beginning of the year.
Home prices have rebounded on revived sentiment around low-interest rates and limited supply. UBS Group AG said earlier this month that the property market in Hong Kong will remain bullish for another decade, thanks in part to the population influx from mainland China.
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