Hong Kong property prices falling as Covid-19 and recession bite


HONG KONG, April 24 (China Daily/ANN) - Hong Kong's home prices are falling at an accelerated pace amid the novel coronavirus pandemic in the world’s least-affordable city to live in.

The private domestic unit price index of the Rating and Valuation Department slipped 2.1 percent to 370.7 in February this year — the lowest level in a year — while the gauge dived 6.6 percent from its record high seen in May 2019.

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