Property Index Series
What is it?
The “Vigers Hong Kong Property Price Index Series” provides a perspective to understand movements in the Hong Kong private housing prices, based on the types or locations of properties. By applying the “Hedonic Regression Model”, the Index Series calculate property price changes relative to a base period at January 2017 (Level 100). Every published index represents an average of its latest six individual monthly indexes. All property attributes such as Building Age, Floor Number, Net Floor Size and Estates/Districts used in these calculations are consistent. To reflect the movements in property prices in relatively high popular estates and the newly developed area（Kai Tak District）, Estate or District constituents in the indexes including the “Vigers’ Mass Residential Index”, the “Vigers’ Kowloon East Index”, and the “Vigers’ Shatin-Central Link Index” since January 2017.
How to use the Index Series?
If a luxury apartment in the Mid-Levels was transacted at HK$10 million in January 2017 using “Vigers’ Luxury Index at 100, it would have appreciated to HK$13.5 million and HK$13 million, should the “Vigers’ Luxury Index” reach 135 by July 2018, and 130 by January 2019.
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