Hong Kong's home prices rose to their highest level in 16 months in November, while rents climbed to a record high during the same period. Figures from the Rating and Valuation Department on Monday showed the city's official home price index climbed for the sixth month in a row and stood at 297.3 last month. That was about 0.9 percent higher compared with the gauge recorded in October, and was about two percent higher compared with the same period a year ago. Taking the first 11 months together, home prices rose nearly 2.8 percent. The latest six-month continuous price surge also marked the longest in over four years, though the current price level was still about 25 percent lower compared to the gauge's historic high of 398.1 back in October 2021. By categories, while prices of small and medium-sized units saw bigger growth of 0.95 percent month-on-month in November, that of larger units, or those at or above 1,076 square feet, saw a narrower increase of 0.4 percent. Meanwhile, the official rental gauge rose for the 12th consecutive month in November and stood at 200.7, marking a record high. The figure was also about 0.2 percent higher on the month, and almost 4.6 percent higher on the year. Rents climbed about 4.3 percent between January and November.