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Residential prices on the rise in Hong Kong

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(Read caption) This graph shows Hong Kong residential property prices since 1997.

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Recently, the University of Hong Kong released their Hong Kong Residential Real Estate Series (HKU-REIS) indicating that, in July, the price of residential properties increased 0.19% since June and climbed 7.54% above the level seen in July 2011. 

The HKU-REIS is a set of property price indices constructed monthly using a “modified” repeat-sale methodology similar to that of the S&P/Case-Shiller indices yet suited to the Hong Kong property market. 

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