1998: Offices, retail and flatted factories
The Rating and Valuation Department's monthly price and rental indices for offices, retail and flatted factories for 1998, with charts, monthly records and year-end comparisons.
Reading this year
December 1998 retail prices: 102.7, a -37.9% 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 1997 | December 1998 | December year-on-year change | Months available in year |
|---|---|---|---|---|
| Office prices | 173.3 | 106.6 | -38.5% | 12/12 |
| Retail prices | 165.3 | 102.7 | -37.9% | 12/12 |
| Flatted factory prices | 155.6 | 109.5 | -29.6% | 12/12 |
| Office rents | 159.5 | 113.0 | -29.2% | 12/12 |
| Retail rents | 125.2 | 104.2 | -16.8% | 12/12 |
| Flatted factory rents | 131.9 | 110.6 | -16.1% | 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 1998 | 172.2 | 175.0 | 161.4 | 158.8 | 120.9 | 129.5 |
| February 1998 | 158.5 | 159.9 | 137.4 | 154.3 | 117.4 | 129.2 |
| March 1998 | 163.9 | 144.9 | 142.4 | 149.0 | 115.7 | 125.4 |
| April 1998 | 162.3 | 138.5 | 144.7 | 148.4 | 113.2 | 123.0 |
| May 1998 | 150.8 | 138.9 | 137.8 | 143.8 | 114.7 | 122.3 |
| June 1998 | 139.2 | 135.1 | 136.7 | 139.2 | 112.6 | 119.8 |
| July 1998 | 118.2 | 123.0 | 130.8 | 134.2 | 111.1 | 115.8 |
| August 1998 | 118.7 | 105.3 | 124.6 | 129.6 | 107.4 | 113.5 |
| September 1998 | 104.8 | 110.8 | 127.9 | 123.1 | 106.1 | 111.5 |
| October 1998 | 112.9 | 98.6 | 113.6 | 121.9 | 106.6 | 108.5 |
| November 1998 | 105.4 | 106.8 | 114.6 | 115.9 | 104.0 | 107.5 |
| December 1998 | 106.6 | 102.7 | 109.5 | 113.0 | 104.2 | 110.6 |
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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.