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Hong Kong bubble? Housing prices rise.

In February, the price of residential properties  in Hong Kong increased a notable 2.05 percent since January and climbed 5.96 percent above the level seen in February 2011.

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This chart shows the price index for residential properties in Hong Kong since 1997. The price of residential properties increased 2.05 percent in February of this year.

Today, the University of Hong Kong released their Hong Kong Residential Real Estate Series (HKU-REIS) indicating that, in February, the price of residential properties increased a notable 2.05% since January and climbed 5.96% above the level seen in February 2011.

It appears that after a notable pullback in late-2011 prices are beginning to show some improvement with all measures rising on the month.

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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