Prices of resale public flats up in Q1

Prices of resale public flats grew at a faster pace in the first quarter of this year compared to the previous quarter. This is the 16th quarter in a row that prices have edged up since the second quarter of 2020. Analysts warn that prices could continue rising by up to three per cent next quarter. They say this is because more private home owners affected by property cooling measures are switching to public housing.