Hong Kong housing prices have been declining for two consecutive months, hitting an eight-year low.
According to data from the Rating and Valuation Department, the Private Residential Price Index for June stood at 301.8, down 1.24% month-on-month.
This decrease has erased all gains made since the lifting of property cooling measures in February, bringing prices back to October 2016 levels.
Compared to the same period last year, prices have fallen by over 13%, and, for the first half of this year, the cumulative decline has reached 3.05%.
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