2024: Offices, retail and flatted factories
The Rating and Valuation Department's monthly price and rental indices for offices, retail and flatted factories for 2024, with charts, monthly records and year-end comparisons.
Reading this year
December 2024 retail prices: 383.1, a -18.1% 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 2023 | December 2024 | December year-on-year change | Months available in year |
|---|---|---|---|---|
| Office prices | — | 334.9 | — | 10/12 |
| Retail prices | 467.5 | 383.1 | -18.1% | 12/12 |
| Flatted factory prices | 791.8 | 674.4 | -14.8% | 12/12 |
| Office rents | 227.5 | 215.9 | -5.1% | 12/12 |
| Retail rents | 172.8 | 160.7 | -7% | 12/12 |
| Flatted factory rents | 220.1 | 212.9 | -3.3% | 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 2024 | 428.7 | 463.6 | 776.8 | 225.4 | 171.5 | 217.5 |
| February 2024 | — | 457.7 | 760.1 | 224.6 | 168.9 | 217.5 |
| March 2024 | 414.3 few transactions | 452.9 | 745.1 | 224.3 | 166.9 | 217.5 |
| April 2024 | — | 444.6 | 743.5 | 221.7 | 166.3 | 215.9 |
| May 2024 | 391.4 | 435.9 | 740.6 | 221.0 | 166.1 | 215.6 |
| June 2024 | 381.0 few transactions | 425.1 | 730.0 | 220.0 | 166.0 | 215.6 |
| July 2024 | 371.5 | 415.5 | 714.0 | 217.6 | 164.3 | 216.1 |
| August 2024 | 366.7 | 408.4 | 696.4 | 217.6 | 164.3 | 215.5 |
| September 2024 | 357.1 few transactions | 400.9 | 684.5 | 217.2 | 164.3 | 215.4 |
| October 2024 | 349.6 | 397.3 | 675.4 | 216.6 | 161.7 | 214.2 |
| November 2024 | 341.7 | 390.1 | 674.9 | 216.4 | 161.6 | 212.9 |
| December 2024 | 334.9 | 383.1 | 674.4 | 215.9 | 160.7 | 212.9 |
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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.