Our price index indicates the price movement of Sun Tuen Mun Centre. We made use of a sophisticated mathematical model and the latest transaction data to ensure that our price index is an accurate reflection of the value of properties of Sun Tuen Mun Centre.

price-index

Interpretation

The price index shows change of price of Sun Tuen Mun Centre over 1991 to 2016. A significant increase in price is observed within this period

From 1991 to 1996, the price index increased steadily. However, in 1997, a sudden drop in price index occurred due to the Asian Financial Crisis. During the crisis, the market sentiment was extremely pessimistic and a dramatic and widespread downturn in the real estate market took place.

From the graph, the price index has been fluctuating within the 500 range onwards until 2008. The price hovered at a relatively low level between 2000 – 2003 due to a sluggish economy and the outbreak of SARS. From 2003 onwards, the property market underwent a recovery and the property price has increased steadily. In 2008, the market experienced a slight decline and rebound quickly afterwards despite the Financial Crisis. The price of Sun Tuen Mun Centre exhibited a similar movement.

From 2009 onwards, both the general market price and that of Sun Tuen Mun Centre grew at a much drastic rate. This was due to the 4000 billion stimulus package rolled out by the Chinese government in November 2008. Due to the lower interest rate of Hong Kong and the massive purchasing power of investors in China, many Chinese investors purchased properties in Hong Kong, which resulted in the escalating housing price in Hong Kong ever since.

From 2012, the Hong Kong Government has launched several demand-side policies such as Double Stamp Duties to curb the investment demand and exuberant property market. The effect was temporary and mild. Both Sun Tuen Mun Centre and the general real estate market were not significantly affected by such policies. Limited housing supply and increasing construction costs could be possible reasons of the surging trend of price level.

Details of Price Index

The table contains the data of our price index, which is based on the monthly transaction data of Sun Tuen Mun Centre from EPRC and the statistics released by Rating and Valuation Department.

YearPrice Index (Sun Tuen Mun Centre)Price Index (RVD Class B Flats)
1991/06100-
1991/07110.2039992-
1991/08128.2179033-
1991/09140.3450714-
1991/10146.6488841-
1991/11146.4451837-
1991/12143.3505725-
1992/01145.3019783-
1992/02148.4881543-
1992/03149.7035771-
1992/04154.4011655-
1992/05154.9440658-
1992/06154.5551802-
1992/07154.2332684-
1992/08157.9461553-
1992/09154.9944308-
1992/10146.5886238-
1992/11148.9465007-
1992/12141.5510155-
1993/01147.353312100
1993/02142.2504428101.6
1993/03138.5315623103.2
1993/04137.9110878105
1993/05140.1090693109
1993/06141.9328681115.6
1993/07147.3926606120.5
1993/08149.0107105120.4
1993/09144.6838744118.3
1993/10144.8596273116.1
1993/11139.833466119.7
1993/12143.0020815123.2
1994/01144.6388847133.6
1994/02143.9288652138.9
1994/03153.5742535151.2
1994/04163.5201437144.8
1994/05168.4059083142.4
1994/06162.9817426143.5
1994/07164.507833139
1994/08162.0471247144.4
1994/09164.0153771142.2
1994/10165.0606837143.5
1994/11160.5804697140.3
1994/12156.6860601133.9
1995/01156.588475135.2
1995/02145.4528801138.3
1995/03154.9088975138.9
1995/04157.2859028136.8
1995/05158.5249804134.6
1995/06152.6551088130.4
1995/07148.7504673129.2
1995/08150.4524648126
1995/09146.7771112122.5
1995/10143.0648732121.9
1995/11140.0376319125.5
1995/12142.4515848126.3
1996/01143.980257128.8
1996/02148.4905301133.6
1996/03151.5837361140.8
1996/04156.3514231138.3
1996/05160.5181766139.6
1996/06159.5844399141.2
1996/07165.9398189140.2
1996/08167.3163256145.8
1996/09174.164488144.8
1996/10174.7808994151.7
1996/11185.9061889157.7
1996/12200.6305558166.3
1997/01212.1520397176.6
1997/02224.5854337190.2
1997/03262.1241341199.8
1997/04279.5505643194.1
1997/05267.8521599213.7
1997/06289.317351210.3
1997/07282.3527529205
1997/08284.5736758209.7
1997/09279.2516051208
1997/10269.3689998211.7
1997/11281.4084538193.1
1997/12245.2191219188.7
1998/01214.5063166173.4
1998/02204.68479165.6
1998/03214.9927241169.6
1998/04207.1846006164.1
1998/05187.6388653155.2
1998/06166.9798566137.4
1998/07168.4470043130.3
1998/08166.6230684128.3
1998/09154.2280245119.1
1998/10142.9633332117
1998/11158.8105823123.5
1998/12166.9137457129.2
1999/01168.7170727127.8
1999/02173.2426453125.1
1999/03160.7731212125.7
1999/04165.8781008125.2
1999/05169.7819872126.8
1999/06171.2213538124.8
1999/07154.5231906124.7
1999/08159.2303962124.6
1999/09152.7099218119.3
1999/10149.807807117.7
1999/11134.4307486116.2
1999/12141.1744255117.8
2000/01146.1750953119.9
2000/02152.8335141120.5
2000/03153.4229039117.8
2000/04148.7324696115.4
2000/05142.3886351110.6
2000/06137.5593123105.3
2000/07126.6926641106
2000/08136.5249233107.1
2000/09133.6510349108.2
2000/10134.8957403106.3
2000/11137.8818537103.4
2000/12125.5604337100.4
2001/01127.729939399
2001/02117.702609698.4
2001/03124.4617184101.2
2001/04122.8358838100.1
2001/05124.43035899
2001/06118.3544796100
2001/07115.900282399
2001/08115.635521297.3
2001/09114.690384295.3
2001/10110.802704891.5
2001/11112.838002791
2001/12114.01433591.1
2002/01108.449235391.6
2002/02109.225787690.7
2002/03111.64879590.5
2002/04111.417475489.4
2002/05113.569182290.7
2002/06108.83643889.3
2002/07108.502171487.8
2002/08110.591384383.8
2002/09105.31787883
2002/1098.4488561179.6
2002/1198.8302948779.8
2002/12101.244176379.8
2003/0196.8541448978
2003/0290.0550532478.5
2003/0395.6803727574.5
2003/0495.2493496373.6
2003/0591.4722077872.9
2003/0685.4419489772.8
2003/0788.8523662371.7
2003/0886.6338126872
2003/0991.7721785774
2003/1089.7428345276.9
2003/1194.2177116878.2
2003/1291.1983847679.2
2004/0199.833538784.6
2004/0299.3330341689.1
2004/03109.586828194.8
2004/04109.368967297.4
2004/05104.864515294
2004/06108.103941590.9
2004/07102.126698691
2004/08112.426782394
2004/09110.560754799
2004/10109.1448813102.3
2004/11116.7822612100.4
2004/12115.444649101.6
2005/01123.9532138103.9
2005/02115.4748995110
2005/03123.1013729115.6
2005/04125.4940298116.2
2005/05126.5564161116.9
2005/06124.4347131112.9
2005/07127.9862948113.4
2005/08125.5092155115.5
2005/09126.2006608114.8
2005/10124.2769056111.3
2005/11122.198795107.6
2005/12127.6585582110.1
2006/01120.0349783111.6
2006/02110.971253111.8
2006/03119.2729049112.9
2006/04119.6243225114.3
2006/05119.7714311114.5
2006/06124.5665593112.4
2006/07117.5458166112.2
2006/08117.9663231112.5
2006/09119.2311667112.9
2006/10112.8680216112.5
2006/11115.7271408112.1
2006/12113.3663019112.7
2007/01115.8557851114.9
2007/02107.8411365116.4
2007/03113.598714117.3
2007/04113.6037125117.8
2007/05114.1553438120.4
2007/06115.6214145121.5
2007/07122.0855692123.2
2007/08118.2671663124.2
2007/09121.555772126
2007/10122.7007159129
2007/11127.8834351133.8
2007/12130.1285992139.2
2008/01138.6626751145.4
2008/02141.486483148.1
2008/03144.9356986148.8
2008/04147.9217157147
2008/05149.371305149.2
2008/06151.7794053149.3
2008/07149.992334148.3
2008/08149.712859146
2008/09150.5929025145.1
2008/10145.1615392136.2
2008/11127.137501125
2008/12124.9829323125.5
2009/01130.0664126127.9
2009/02135.7490806128.9
2009/03132.399807131
2009/04134.882656135.3
2009/05140.1715719139.5
2009/06144.4086584144.3
2009/07154.2466872147.4
2009/08157.6239584150.4
2009/09159.4404002153.9
2009/10166.3748185155.6
2009/11166.440716156.2
2009/12163.149374159.2
2010/01172.8980624163.1
2010/02177.1975454165.6
2010/03176.2663469168.8
2010/04182.769023172.6
2010/05185.4614764171.8
2010/06188.0566385173.2
2010/07196.966209178
2010/08199.7712948182.2
2010/09206.254777184
2010/10211.0493909188.1
2010/11213.4289917192.6
2010/12211.9561017190.8
2011/01223.0714639198.9
2011/02230.0425257207
2011/03231.995317210.5
2011/04237.9411052214.6
2011/05243.6099026218.2
2011/06254.4962716220.8
2011/07234.595132218.1
2011/08233.8393137217
2011/09239.4245141218.6
2011/10237.9520508214.5
2011/11240.650864214.5
2011/12233.0982844212.7
2012/01236.4425323211.4
2012/02238.9645432215.1
2012/03250.8700776224.6
2012/04261.2950389232.6
2012/05265.4369102237.3
2012/06272.1447751239.4
2012/07261.345735239.9
2012/08284.1593539245.5
2012/09298.1668371253.5
2012/10315.9519629259.9
2012/11297.4470381263.1
2012/12300.647411265.7
2013/01329.9038294271.3
2013/02344.1667182280.6
2013/03340.7251655280.6
2013/04336.7097172279.7
2013/05338.4506143281.4
2013/06358.6213821284.9
2013/07355.1663197286.7
2013/08337.3062212287.7
2013/09355.4761598286.1
2013/10365.1207738286.1
2013/11352.0890709285.6
2013/12353.7548595285.4
2014/01348.7918012284.3
2014/02330.8814605283.4
2014/03350.5660683282.4
2014/04360.4434886284.5
2014/05366.0782784287.6
2014/06366.918659291
2014/07366.0654659298.8
2014/08391.1664552304.8
2014/09399.4630163311.3
2014/10413.6897042316
2014/11417.7838469320.3
2014/12437.9120915325.5
2015/01443.8244876333
2015/02450.6149412341.8
2015/03467.0849683341.8
2015/04456.7536498349.1
2015/05482.803716350.6
2015/06488.6840597353.6
2015/07506.1313325356.7
2015/08485.9993012358.1
2015/09494.2182326358.5
2015/10469.9960009354.6
2015/11467.5588326342.7
2015/12434.5652847334.3
2016/01410.2268035327.2
2016/02443.1397513321.5252153
2016/03420.1476453317.8351784
2016/04432.7547568319.6801968
2016/05420.5339385323.2472325
2016/06396.9678067323.6162362
2016/07430.8315533330.2583026
2016/08450.6694689337.1463715
2016/09450.6694689