2025: Offices, retail and flatted factories
The Rating and Valuation Department's monthly price and rental indices for offices, retail and flatted factories for 2025, with charts, monthly records and year-end comparisons.
Reading this year
December 2025 retail prices: 333.2, a -13% 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 2024 | December 2025 | December year-on-year change | Months available in year |
|---|---|---|---|---|
| Office prices | 334.9 | 292.4 | -12.7% | 11/12 |
| Retail prices | 383.1 | 333.2 | -13% | 12/12 |
| Flatted factory prices | 674.4 | 563.4 | -16.5% | 12/12 |
| Office rents | 215.9 | 209.8 | -2.8% | 12/12 |
| Retail rents | 160.7 | 154.4 | -3.9% | 12/12 |
| Flatted factory rents | 212.9 | 206.9 | -2.8% | 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 2025 | 331.2 | 382.2 | 673.4 | 215.4 | 158.5 | 211.3 |
| February 2025 | 325.7 few transactions | 380.5 | 669.7 | 213.7 | 157.3 | 211.3 |
| March 2025 | 322.1 | 379.2 | 657.4 | 213.7 | 157.3 | 211.3 |
| April 2025 | 319.5 | 372.1 | 644.9 | 212.2 | 157.3 | 211.1 |
| May 2025 | — | 365.5 | 634.2 | 212.1 | 157.3 | 211.1 |
| June 2025 | 308.5 | 357.8 | 626.1 | 211.1 | 157.3 | 211.1 |
| July 2025 | 305.9 | 354.6 | 616.8 | 210.1 | 157.2 | 208.9 |
| August 2025 | 302.9 | 350.6 | 605.9 | 210.1 | 156.7 | 208.4 |
| September 2025 | 299.1 | 348.6 | 594.3 | 209.9 | 155.1 | 206.9 |
| October 2025 | 298.4 | 347.0 | 582.2 | 209.9 | 154.4 | 206.9 |
| November 2025 | 295.3 | 340.3 | 571.6 | 209.8 | 154.4 | 206.9 |
| December 2025 | 292.4 | 333.2 | 563.4 | 209.8 | 154.4 | 206.9 |
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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.