2003: Regional home prices and rents
The Rating and Valuation Department's monthly regional home prices and rents for 2003, with charts, monthly records and year-end comparisons.
Reading this year
December 2003 hong kong island class a (under 40 m²) prices: HK$2,573 per sq ft, a +6.9% change from the previous December.
Charts retain the published HKD per square metre; tables convert to per square foot. These are selected residential classes in Hong Kong Island, Kowloon and the New Territories, not valuations of individual homes.
Class B (40 to 69.9 m²) price trend (HKD/m²)
Where available, the previous December is shown as a starting reference. Missing values are not treated as zero or estimated.
Class B (40 to 69.9 m²) monthly rent trend (HKD/m²/month)
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 2002 | December 2003 | December year-on-year change | Months available in year |
|---|---|---|---|---|
| Hong Kong Island Class A (under 40 m²) prices | HK$2,408 per sq ft | HK$2,573 per sq ft | +6.9% | 12/12 |
| Hong Kong Island Class B (40 to 69.9 m²) prices | HK$2,930 per sq ft | HK$3,065 per sq ft | +4.6% | 12/12 |
| Hong Kong Island Class C (70 to 99.9 m²) prices | HK$3,727 per sq ft | HK$4,250 per sq ft | +14.1% | 12/12 |
| Hong Kong Island Class D (100 to 159.9 m²) prices | HK$4,920 per sq ft | HK$4,618 per sq ft | -6.1% | 12/12 |
| Hong Kong Island Class E (160 m² or above) prices | HK$5,685 per sq ft | HK$7,075 per sq ft | +24.4% | 12/12 |
| Kowloon Class A (under 40 m²) prices | HK$1,985 per sq ft | HK$2,082 per sq ft | +4.9% | 12/12 |
| Kowloon Class B (40 to 69.9 m²) prices | HK$2,092 per sq ft | HK$2,215 per sq ft | +5.9% | 12/12 |
| Kowloon Class C (70 to 99.9 m²) prices | HK$2,500 per sq ft | HK$2,911 per sq ft | +16.4% | 12/12 |
| Kowloon Class D (100 to 159.9 m²) prices | HK$3,017 per sq ft | HK$3,071 per sq ft | +1.8% | 12/12 |
| Kowloon Class E (160 m² or above) prices | HK$4,465 per sq ft few transactions | HK$6,672 per sq ft few transactions | +49.5% | 11/12 |
| New Territories Class A (under 40 m²) prices | HK$2,059 per sq ft | HK$2,084 per sq ft | +1.2% | 12/12 |
| New Territories Class B (40 to 69.9 m²) prices | HK$2,106 per sq ft | HK$2,137 per sq ft | +1.5% | 12/12 |
| New Territories Class C (70 to 99.9 m²) prices | HK$2,686 per sq ft | HK$2,656 per sq ft | -1.1% | 12/12 |
| New Territories Class D (100 to 159.9 m²) prices | HK$2,710 per sq ft | HK$3,306 per sq ft | +22% | 12/12 |
| New Territories Class E (160 m² or above) prices | HK$3,496 per sq ft | HK$3,383 per sq ft | -3.2% | 12/12 |
| Hong Kong Island Class A (under 40 m²) monthly rents | HK$14.1 per sq ft / month | HK$15.2 per sq ft / month | +7.9% | 12/12 |
| Hong Kong Island Class B (40 to 69.9 m²) monthly rents | HK$14.3 per sq ft / month | HK$14.0 per sq ft / month | -1.9% | 12/12 |
| Hong Kong Island Class C (70 to 99.9 m²) monthly rents | HK$18.0 per sq ft / month | HK$18.3 per sq ft / month | +1.5% | 12/12 |
| Hong Kong Island Class D (100 to 159.9 m²) monthly rents | HK$22.0 per sq ft / month | HK$19.8 per sq ft / month | -10.1% | 12/12 |
| Hong Kong Island Class E (160 m² or above) monthly rents | HK$25.1 per sq ft / month | HK$23.6 per sq ft / month | -5.9% | 12/12 |
| Kowloon Class A (under 40 m²) monthly rents | HK$12.0 per sq ft / month | HK$11.6 per sq ft / month | -3.1% | 12/12 |
| Kowloon Class B (40 to 69.9 m²) monthly rents | HK$11.5 per sq ft / month | HK$11.2 per sq ft / month | -2.4% | 12/12 |
| Kowloon Class C (70 to 99.9 m²) monthly rents | HK$13.7 per sq ft / month | HK$13.7 per sq ft / month | 0% | 12/12 |
| Kowloon Class D (100 to 159.9 m²) monthly rents | HK$15.0 per sq ft / month few transactions | HK$15.1 per sq ft / month | +1.2% | 12/12 |
| Kowloon Class E (160 m² or above) monthly rents | HK$19.4 per sq ft / month few transactions | HK$13.7 per sq ft / month few transactions | -29.2% | 12/12 |
| New Territories Class A (under 40 m²) monthly rents | HK$9.7 per sq ft / month | HK$9.0 per sq ft / month | -6.7% | 12/12 |
| New Territories Class B (40 to 69.9 m²) monthly rents | HK$9.5 per sq ft / month | HK$8.5 per sq ft / month | -10.8% | 12/12 |
| New Territories Class C (70 to 99.9 m²) monthly rents | HK$10.2 per sq ft / month | HK$9.9 per sq ft / month | -2.7% | 12/12 |
| New Territories Class D (100 to 159.9 m²) monthly rents | HK$14.3 per sq ft / month | HK$14.3 per sq ft / month | 0% | 12/12 |
| New Territories Class E (160 m² or above) monthly rents | HK$15.2 per sq ft / month few transactions | HK$14.5 per sq ft / month few transactions | -4.9% | 12/12 |
Changes appear only when both December values exist. Provisional or low-transaction markers are retained with the values.
Hong Kong Island：Class A and B monthly prices and rents
| Month | Hong Kong Island Class A (under 40 m²) prices | Hong Kong Island Class B (40 to 69.9 m²) prices | Hong Kong Island Class A (under 40 m²) monthly rents | Hong Kong Island Class B (40 to 69.9 m²) monthly rents |
|---|---|---|---|---|
| January 2003 | HK$2,442 per sq ft | HK$2,946 per sq ft | HK$14.3 per sq ft / month | HK$14.5 per sq ft / month |
| February 2003 | HK$2,285 per sq ft | HK$2,850 per sq ft | HK$14.2 per sq ft / month | HK$14.3 per sq ft / month |
| March 2003 | HK$2,322 per sq ft | HK$2,579 per sq ft | HK$14.1 per sq ft / month | HK$14.1 per sq ft / month |
| April 2003 | HK$2,365 per sq ft | HK$2,583 per sq ft | HK$13.6 per sq ft / month | HK$13.4 per sq ft / month |
| May 2003 | HK$2,276 per sq ft | HK$2,606 per sq ft | HK$13.6 per sq ft / month | HK$13.6 per sq ft / month |
| June 2003 | HK$2,221 per sq ft | HK$2,570 per sq ft | HK$13.9 per sq ft / month | HK$12.9 per sq ft / month |
| July 2003 | HK$2,170 per sq ft | HK$2,681 per sq ft | HK$14.8 per sq ft / month | HK$13.4 per sq ft / month |
| August 2003 | HK$2,218 per sq ft | HK$2,683 per sq ft | HK$14.8 per sq ft / month | HK$14.1 per sq ft / month |
| September 2003 | HK$2,509 per sq ft | HK$2,947 per sq ft | HK$13.7 per sq ft / month | HK$13.3 per sq ft / month |
| October 2003 | HK$2,534 per sq ft | HK$3,002 per sq ft | HK$13.7 per sq ft / month | HK$13.2 per sq ft / month |
| November 2003 | HK$2,534 per sq ft | HK$3,113 per sq ft | HK$14.2 per sq ft / month | HK$13.2 per sq ft / month |
| December 2003 | HK$2,573 per sq ft | HK$3,065 per sq ft | HK$15.2 per sq ft / month | HK$14.0 per sq ft / month |
Kowloon：Class A and B monthly prices and rents
| Month | Kowloon Class A (under 40 m²) prices | Kowloon Class B (40 to 69.9 m²) prices | Kowloon Class A (under 40 m²) monthly rents | Kowloon Class B (40 to 69.9 m²) monthly rents |
|---|---|---|---|---|
| January 2003 | HK$1,979 per sq ft | HK$2,076 per sq ft | HK$11.3 per sq ft / month | HK$11.1 per sq ft / month |
| February 2003 | HK$1,947 per sq ft | HK$2,111 per sq ft | HK$11.1 per sq ft / month | HK$11.4 per sq ft / month |
| March 2003 | HK$1,928 per sq ft | HK$1,863 per sq ft | HK$11.2 per sq ft / month | HK$11.1 per sq ft / month |
| April 2003 | HK$1,871 per sq ft | HK$1,843 per sq ft | HK$11.1 per sq ft / month | HK$10.9 per sq ft / month |
| May 2003 | HK$1,893 per sq ft | HK$1,905 per sq ft | HK$11.6 per sq ft / month | HK$11.1 per sq ft / month |
| June 2003 | HK$1,864 per sq ft | HK$1,955 per sq ft | HK$11.1 per sq ft / month | HK$10.4 per sq ft / month |
| July 2003 | HK$1,837 per sq ft | HK$1,938 per sq ft | HK$11.1 per sq ft / month | HK$11.1 per sq ft / month |
| August 2003 | HK$1,880 per sq ft | HK$1,953 per sq ft | HK$11.0 per sq ft / month | HK$11.4 per sq ft / month |
| September 2003 | HK$1,930 per sq ft | HK$2,037 per sq ft | HK$11.6 per sq ft / month | HK$12.0 per sq ft / month |
| October 2003 | HK$1,938 per sq ft | HK$2,192 per sq ft | HK$11.4 per sq ft / month | HK$11.6 per sq ft / month |
| November 2003 | HK$2,017 per sq ft | HK$2,203 per sq ft | HK$12.4 per sq ft / month | HK$11.3 per sq ft / month |
| December 2003 | HK$2,082 per sq ft | HK$2,215 per sq ft | HK$11.6 per sq ft / month | HK$11.2 per sq ft / month |
New Territories：Class A and B monthly prices and rents
| Month | New Territories Class A (under 40 m²) prices | New Territories Class B (40 to 69.9 m²) prices | New Territories Class A (under 40 m²) monthly rents | New Territories Class B (40 to 69.9 m²) monthly rents |
|---|---|---|---|---|
| January 2003 | HK$2,001 per sq ft | HK$2,032 per sq ft | HK$9.6 per sq ft / month | HK$9.1 per sq ft / month |
| February 2003 | HK$1,960 per sq ft | HK$1,977 per sq ft | HK$9.3 per sq ft / month | HK$8.6 per sq ft / month |
| March 2003 | HK$1,966 per sq ft | HK$1,964 per sq ft | HK$8.8 per sq ft / month | HK$8.4 per sq ft / month |
| April 2003 | HK$1,908 per sq ft | HK$1,876 per sq ft | HK$8.8 per sq ft / month | HK$8.2 per sq ft / month |
| May 2003 | HK$1,857 per sq ft | HK$1,896 per sq ft | HK$8.4 per sq ft / month | HK$7.9 per sq ft / month |
| June 2003 | HK$1,843 per sq ft | HK$1,876 per sq ft | HK$8.5 per sq ft / month | HK$7.7 per sq ft / month |
| July 2003 | HK$1,863 per sq ft | HK$1,909 per sq ft | HK$8.4 per sq ft / month | HK$7.8 per sq ft / month |
| August 2003 | HK$1,832 per sq ft | HK$1,886 per sq ft | HK$8.1 per sq ft / month | HK$8.0 per sq ft / month |
| September 2003 | HK$1,896 per sq ft | HK$1,988 per sq ft | HK$8.4 per sq ft / month | HK$8.1 per sq ft / month |
| October 2003 | HK$1,982 per sq ft | HK$2,033 per sq ft | HK$8.8 per sq ft / month | HK$8.4 per sq ft / month |
| November 2003 | HK$2,006 per sq ft | HK$2,069 per sq ft | HK$8.6 per sq ft / month | HK$8.5 per sq ft / month |
| December 2003 | HK$2,084 per sq ft | HK$2,137 per sq ft | HK$9.0 per sq ft / month | HK$8.5 per sq ft / month |
Continue your research
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.