2023: Offices, retail and flatted factories
The Rating and Valuation Department's monthly price and rental indices for offices, retail and flatted factories for 2023, with charts, monthly records and year-end comparisons.
Reading this year
December 2023 retail prices: 467.5, a -6.1% 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 2022 | December 2023 | December year-on-year change | Months available in year |
|---|---|---|---|---|
| Office prices | 476.9 | — | — | 8/12 |
| Retail prices | 498.0 | 467.5 | -6.1% | 12/12 |
| Flatted factory prices | 837.2 | 791.8 | -5.4% | 12/12 |
| Office rents | 228.2 | 227.5 | -0.3% | 12/12 |
| Retail rents | 167.2 | 172.8 | +3.3% | 12/12 |
| Flatted factory rents | 213.4 | 220.1 | +3.1% | 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 2023 | 477.0 few transactions | 487.9 | 851.5 | 226.4 | 167.2 | 212.2 |
| February 2023 | 469.9 | 484.8 | 863.2 | 226.0 | 167.2 | 215.4 |
| March 2023 | 474.7 | 491.4 | 865.7 | 228.1 | 168.1 | 215.8 |
| April 2023 | 476.8 | 496.6 | 862.9 | 227.5 | 168.1 | 215.8 |
| May 2023 | 476.6 | 499.3 | 861.4 | 228.2 | 170.7 | 218.5 |
| June 2023 | 469.8 | 501.0 | 860.8 | 227.4 | 172.5 | 219.6 |
| July 2023 | 462.8 | 498.4 | 851.4 | 228.0 | 172.8 | 220.6 |
| August 2023 | — | 495.5 | 844.7 | 229.5 | 172.8 | 222.1 |
| September 2023 | — | 486.1 | 830.4 | 228.2 | 172.8 | 221.2 |
| October 2023 | — | 478.8 | 816.1 | 227.5 | 172.8 | 221.1 |
| November 2023 | 441.8 | 472.3 | 807.7 | 227.9 | 172.8 | 220.3 |
| December 2023 | — | 467.5 | 791.8 | 227.5 | 172.8 | 220.1 |
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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.