Recent data reveals that second-hand property prices remain under pressure.
The Rating and Valuation Department reported that the private home price index for March stood at 284.2 points, representing a monthly decline of 0.49%.
This marks the fourth consecutive month of decline, bringing the index to its lowest level in over eight and a half years. Compared to the same period last year, prices have dropped 8.2%, with a cumulative decline of 1.7% for the first quarter of this year.
