Hong Kong housing prices hit 8-YEAR LOW | HK Weekend Property Market Recap

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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[@qazwsxedc964]

Misleading or mis-information. 1. Rental yields should be calculated net of costs and based on current market values, 2. A very large amount of primary transactions ARE returned. 3. Rental demand from students are strong during summer, but professionals are leaving the city for SZ or elsewhere. Rental prices are elevated only temporarily but eventually new supply will overwhelm the sagging demand. 5. US is lowering interest rates, but that doesnt mean hk banks will lower mortgage rates, and people are not buying because the prices are still too high and salaries and economy are tanking, its very little to do with interest rates. JUST WAIT, its going to drop another 10-20% on average.

[@olivern993]

No one calculates rental yield based on original cost price...except maybe this channel.