HONG KONG (Reuters) -Home prices in Hong Kong grew 1.3% in September from August, marking the sixth consecutive month of increases, government data showed on Tuesday, supported by improved sentiment.

BY THE NUMBERS

Private home prices gained 1.3% in September from August, following a revised 0.2% rise the previous month, data from the Rating and Valuation Department showed.

September’s growth was the largest since March 2024 and brought prices this year back into positive territory; they have risen 1.1% since December.

WHY IT’S IMPORTANT

Home prices in Hong Kong, one of the world’s least affordable cities, have tumbled nearly 30% from a 2021 peak, hurt by higher mortgage rates, a weak economic outlook and poor demand after many professionals left.

Authorities tried to prop up the sec

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