The latest release of the University of Hong Kong's Hong Kong Residential Real Estate Series (HKU-REIS) indicates that, in December, the price of residential properties declined 0.8% since November. However, prices climbed 26.77% above the level seen in December 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.
