VIGERS HONG KONG PROPERTY INDEX SERIES

According to the Land Registry, a total of 8,208 residential transactions and HK$78.4 billion were registered in May, up 4.9% and 11.8% monthon-month, respectively. Primary transactions were up 16.4% M-O-M to 3,246 cases; secondary transactions were down 1.4% M-O-M to 4,962 cases. For May, the Mass Residential Index and the Luxury Index increased by 1.5% M-O-M, while the Luxury Index rose by 2.2% M-O-M. Over the same period, both the Shatin-central Link Index and the Kowloon East Index reported a 0.4% and 0.9% M-O-M edge-up, respectively. How to use the Index Series: If a luxury apartment in 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.