Hong Kong’s secondary home prices are continuing to fall as the government’s anti-speculative stamp duties dampen interest.

According to Centaline Property Agency’s secondary home price index, prices have been falling week on week since November 18.

The Centa-City Leading Index which tracks the prices at 100 housing estates across the city, closed at 114.38 for the week to December 2, representing a fall of 0.59 per cent week on week, or an accumulated drop of 2.08 per cent in the past three weeks. It hit a record high of 116.81 points for the week of November 11.