1997: Offices, retail and flatted factories
The Rating and Valuation Department's monthly price and rental indices for offices, retail and flatted factories for 1997, with charts, monthly records and year-end comparisons.
Reading this year
December 1997 retail prices: 165.3, a +14.4% change from the previous December.
This report shows indices, not property prices or monthly rent amounts. Relative movements can be compared between categories; an index is not a flat's sale price.
Price index trend
Where available, the previous December is shown as a starting reference. Missing values are not treated as zero or estimated.
Rental index trend
Where available, the previous December is shown as a starting reference. Missing values are not treated as zero or estimated.
Year-end values and coverage
| Series | December 1996 | December 1997 | December year-on-year change | Months available in year |
|---|---|---|---|---|
| Office prices | 217.2 | 173.3 | -20.2% | 12/12 |
| Retail prices | 144.5 | 165.3 | +14.4% | 12/12 |
| Flatted factory prices | 168.2 | 155.6 | -7.5% | 12/12 |
| Office rents | 151.4 | 159.5 | +5.4% | 12/12 |
| Retail rents | 121.8 | 125.2 | +2.8% | 12/12 |
| Flatted factory rents | 131.4 | 131.9 | +0.4% | 12/12 |
Changes appear only when both December values exist. Provisional or low-transaction markers are retained with the values.
Monthly published records
| Month | Office prices | Retail prices | Flatted factory prices | Office rents | Retail rents | Flatted factory rents |
|---|---|---|---|---|---|---|
| January 1997 | 223.2 | 150.8 | 165.3 | 152.4 | 119.3 | 132.3 |
| February 1997 | 212.0 | 156.2 | 168.9 | 154.2 | 123.5 | 134.1 |
| March 1997 | 229.9 | 168.0 | 186.4 | 153.5 | 120.5 | 134.6 |
| April 1997 | 219.8 | 170.7 | 169.7 | 156.9 | 123.0 | 132.1 |
| May 1997 | 221.9 | 182.9 | 176.0 | 156.6 | 122.9 | 132.7 |
| June 1997 | 233.2 | 180.0 | 173.1 | 157.5 | 126.8 | 132.9 |
| July 1997 | 214.6 | 181.7 | 171.5 | 157.1 | 124.2 | 134.0 |
| August 1997 | 203.6 | 195.9 | 166.8 | 157.2 | 125.2 | 132.7 |
| September 1997 | 210.4 | 202.6 | 168.2 | 159.8 | 124.5 | 130.1 |
| October 1997 | 213.9 | 192.2 | 166.9 | 158.1 | 123.5 | 130.8 |
| November 1997 | 200.9 | 181.1 | 158.2 | 159.3 | 123.7 | 132.3 |
| December 1997 | 173.3 | 165.3 | 155.6 | 159.5 | 125.2 | 131.9 |
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Source: Rating and Valuation Department Property Market Statistics, obtained through DATA.GOV.HK. The Government owns the intellectual property rights in the data; this page is not endorsed by the Government.