In the first quarter of 2009, the All-Property Price Index stood at 156.99, a decline of 2.83 per cent compared to the corresponding period last year.

In the first quarter of 2009, the All-Property Price Index dropped by 2.83 per cent. This primarily reflected a decrease of 5.26 per cent in the apartments index, and of 2.19 per cent in the maisonettes index, compared to the corresponding quarter last year. However, when compared to the corresponding period in 2007, prices were up by 13.42 per cent.

The All-Transactions Volume Index showed that the number of transactions in the first quarter of 2009 declined by 15.11 per cent when compared to the corresponding period in 2008.