News Snapshot:
Hong Kong’s home prices rose for a 13th straight year in 2021 even as prices declined for a third consecutive month in December, according to an index published by the city’s Rating and Valuation Department. The index for lived-in homes in December fell about 0.3 per cent to 392.5 from the previous month. Since September, when the index reached a record high of 398.1, it has retreated 1.4 per cent. But on an annual basis, the December reading was 3.3 per cent higher compared with 379.9 a year earlier. The decline in December home prices coincided with the city starting...
