2008: Regional home prices and rents
The Rating and Valuation Department's monthly regional home prices and rents for 2008, with charts, monthly records and year-end comparisons.
Reading this year
December 2008 hong kong island class a (under 40 m²) prices: HK$4,705 per sq ft, a -18.8% 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 2007 | December 2008 | December year-on-year change | Months available in year |
|---|---|---|---|---|
| Hong Kong Island Class A (under 40 m²) prices | HK$5,795 per sq ft | HK$4,705 per sq ft | -18.8% | 12/12 |
| Hong Kong Island Class B (40 to 69.9 m²) prices | HK$6,857 per sq ft | HK$5,410 per sq ft | -21.1% | 12/12 |
| Hong Kong Island Class C (70 to 99.9 m²) prices | HK$9,240 per sq ft | HK$7,742 per sq ft | -16.2% | 12/12 |
| Hong Kong Island Class D (100 to 159.9 m²) prices | HK$11,745 per sq ft | HK$9,021 per sq ft | -23.2% | 12/12 |
| Hong Kong Island Class E (160 m² or above) prices | HK$18,175 per sq ft | HK$13,034 per sq ft | -28.3% | 12/12 |
| Kowloon Class A (under 40 m²) prices | HK$4,019 per sq ft | HK$3,559 per sq ft | -11.4% | 12/12 |
| Kowloon Class B (40 to 69.9 m²) prices | HK$5,372 per sq ft | HK$4,386 per sq ft | -18.3% | 12/12 |
| Kowloon Class C (70 to 99.9 m²) prices | HK$8,903 per sq ft | HK$6,384 per sq ft | -28.3% | 12/12 |
| Kowloon Class D (100 to 159.9 m²) prices | HK$10,096 per sq ft | HK$8,091 per sq ft | -19.9% | 12/12 |
| Kowloon Class E (160 m² or above) prices | HK$15,626 per sq ft few transactions | HK$8,538 per sq ft few transactions | -45.4% | 12/12 |
| New Territories Class A (under 40 m²) prices | HK$3,375 per sq ft | HK$3,120 per sq ft | -7.6% | 12/12 |
| New Territories Class B (40 to 69.9 m²) prices | HK$3,535 per sq ft | HK$3,269 per sq ft | -7.5% | 12/12 |
| New Territories Class C (70 to 99.9 m²) prices | HK$4,522 per sq ft | HK$4,079 per sq ft | -9.8% | 12/12 |
| New Territories Class D (100 to 159.9 m²) prices | HK$5,568 per sq ft | HK$4,741 per sq ft | -14.9% | 12/12 |
| New Territories Class E (160 m² or above) prices | HK$7,473 per sq ft | HK$5,520 per sq ft few transactions | -26.1% | 12/12 |
| Hong Kong Island Class A (under 40 m²) monthly rents | HK$23.0 per sq ft / month | HK$21.8 per sq ft / month | -5.2% | 12/12 |
| Hong Kong Island Class B (40 to 69.9 m²) monthly rents | HK$23.2 per sq ft / month | HK$19.1 per sq ft / month | -17.6% | 12/12 |
| Hong Kong Island Class C (70 to 99.9 m²) monthly rents | HK$28.2 per sq ft / month | HK$24.7 per sq ft / month | -12.5% | 12/12 |
| Hong Kong Island Class D (100 to 159.9 m²) monthly rents | HK$33.2 per sq ft / month | HK$29.7 per sq ft / month | -10.4% | 12/12 |
| Hong Kong Island Class E (160 m² or above) monthly rents | HK$38.6 per sq ft / month | HK$36.7 per sq ft / month | -5% | 12/12 |
| Kowloon Class A (under 40 m²) monthly rents | HK$16.4 per sq ft / month | HK$15.9 per sq ft / month | -2.8% | 12/12 |
| Kowloon Class B (40 to 69.9 m²) monthly rents | HK$17.2 per sq ft / month | HK$16.1 per sq ft / month | -6.5% | 12/12 |
| Kowloon Class C (70 to 99.9 m²) monthly rents | HK$21.1 per sq ft / month | HK$20.7 per sq ft / month | -1.8% | 12/12 |
| Kowloon Class D (100 to 159.9 m²) monthly rents | HK$22.1 per sq ft / month | HK$22.7 per sq ft / month | +2.5% | 12/12 |
| Kowloon Class E (160 m² or above) monthly rents | HK$18.6 per sq ft / month few transactions | HK$17.5 per sq ft / month few transactions | -6% | 12/12 |
| New Territories Class A (under 40 m²) monthly rents | HK$13.4 per sq ft / month | HK$12.1 per sq ft / month | -9.7% | 12/12 |
| New Territories Class B (40 to 69.9 m²) monthly rents | HK$12.4 per sq ft / month | HK$11.2 per sq ft / month | -9% | 12/12 |
| New Territories Class C (70 to 99.9 m²) monthly rents | HK$14.0 per sq ft / month | HK$12.7 per sq ft / month | -9.3% | 12/12 |
| New Territories Class D (100 to 159.9 m²) monthly rents | HK$20.2 per sq ft / month | HK$19.5 per sq ft / month | -3.2% | 12/12 |
| New Territories Class E (160 m² or above) monthly rents | HK$24.8 per sq ft / month few transactions | HK$18.1 per sq ft / month few transactions | -27% | 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 2008 | HK$6,064 per sq ft | HK$7,142 per sq ft | HK$23.6 per sq ft / month | HK$25.5 per sq ft / month |
| February 2008 | HK$6,309 per sq ft | HK$7,248 per sq ft | HK$22.4 per sq ft / month | HK$25.5 per sq ft / month |
| March 2008 | HK$6,338 per sq ft | HK$7,134 per sq ft | HK$24.0 per sq ft / month | HK$25.8 per sq ft / month |
| April 2008 | HK$6,111 per sq ft | HK$7,047 per sq ft | HK$24.2 per sq ft / month | HK$25.5 per sq ft / month |
| May 2008 | HK$6,224 per sq ft | HK$7,034 per sq ft | HK$25.5 per sq ft / month | HK$26.0 per sq ft / month |
| June 2008 | HK$6,129 per sq ft | HK$7,035 per sq ft | HK$24.7 per sq ft / month | HK$25.7 per sq ft / month |
| July 2008 | HK$5,931 per sq ft | HK$6,706 per sq ft | HK$27.8 per sq ft / month | HK$27.1 per sq ft / month |
| August 2008 | HK$5,605 per sq ft | HK$6,378 per sq ft | HK$31.6 per sq ft / month | HK$29.3 per sq ft / month |
| September 2008 | HK$5,483 per sq ft | HK$6,502 per sq ft | HK$29.0 per sq ft / month | HK$26.3 per sq ft / month |
| October 2008 | HK$5,356 per sq ft | HK$5,717 per sq ft | HK$25.8 per sq ft / month | HK$23.4 per sq ft / month |
| November 2008 | HK$4,515 per sq ft | HK$5,384 per sq ft | HK$23.2 per sq ft / month | HK$21.2 per sq ft / month |
| December 2008 | HK$4,705 per sq ft | HK$5,410 per sq ft | HK$21.8 per sq ft / month | HK$19.1 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 2008 | HK$4,089 per sq ft | HK$5,466 per sq ft | HK$16.4 per sq ft / month | HK$17.4 per sq ft / month |
| February 2008 | HK$4,071 per sq ft | HK$5,486 per sq ft | HK$17.3 per sq ft / month | HK$18.9 per sq ft / month |
| March 2008 | HK$3,965 per sq ft | HK$5,029 per sq ft | HK$18.2 per sq ft / month | HK$18.6 per sq ft / month |
| April 2008 | HK$4,002 per sq ft | HK$4,847 per sq ft | HK$18.4 per sq ft / month | HK$17.9 per sq ft / month |
| May 2008 | HK$4,121 per sq ft | HK$5,011 per sq ft | HK$17.9 per sq ft / month | HK$18.8 per sq ft / month |
| June 2008 | HK$4,167 per sq ft | HK$5,035 per sq ft | HK$17.7 per sq ft / month | HK$18.6 per sq ft / month |
| July 2008 | HK$3,939 per sq ft | HK$4,653 per sq ft | HK$19.3 per sq ft / month | HK$20.9 per sq ft / month |
| August 2008 | HK$3,893 per sq ft | HK$4,834 per sq ft | HK$20.8 per sq ft / month | HK$21.7 per sq ft / month |
| September 2008 | HK$4,025 per sq ft | HK$4,864 per sq ft | HK$21.8 per sq ft / month | HK$20.5 per sq ft / month |
| October 2008 | HK$3,850 per sq ft | HK$4,520 per sq ft | HK$18.5 per sq ft / month | HK$19.0 per sq ft / month |
| November 2008 | HK$3,491 per sq ft | HK$4,322 per sq ft | HK$16.6 per sq ft / month | HK$17.1 per sq ft / month |
| December 2008 | HK$3,559 per sq ft | HK$4,386 per sq ft | HK$15.9 per sq ft / month | HK$16.1 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 2008 | HK$3,611 per sq ft | HK$3,655 per sq ft | HK$13.0 per sq ft / month | HK$12.4 per sq ft / month |
| February 2008 | HK$3,605 per sq ft | HK$3,582 per sq ft | HK$13.3 per sq ft / month | HK$13.3 per sq ft / month |
| March 2008 | HK$3,559 per sq ft | HK$3,458 per sq ft | HK$14.1 per sq ft / month | HK$13.3 per sq ft / month |
| April 2008 | HK$3,456 per sq ft | HK$3,449 per sq ft | HK$13.6 per sq ft / month | HK$13.1 per sq ft / month |
| May 2008 | HK$3,602 per sq ft | HK$3,708 per sq ft | HK$14.6 per sq ft / month | HK$14.2 per sq ft / month |
| June 2008 | HK$3,554 per sq ft | HK$3,690 per sq ft | HK$14.1 per sq ft / month | HK$13.3 per sq ft / month |
| July 2008 | HK$3,516 per sq ft | HK$3,563 per sq ft | HK$14.1 per sq ft / month | HK$13.4 per sq ft / month |
| August 2008 | HK$3,549 per sq ft | HK$3,571 per sq ft | HK$13.7 per sq ft / month | HK$13.2 per sq ft / month |
| September 2008 | HK$3,487 per sq ft | HK$3,614 per sq ft | HK$13.9 per sq ft / month | HK$13.2 per sq ft / month |
| October 2008 | HK$3,265 per sq ft | HK$3,444 per sq ft | HK$13.6 per sq ft / month | HK$13.2 per sq ft / month |
| November 2008 | HK$3,147 per sq ft | HK$3,181 per sq ft | HK$12.5 per sq ft / month | HK$12.3 per sq ft / month |
| December 2008 | HK$3,120 per sq ft | HK$3,269 per sq ft | HK$12.1 per sq ft / month | HK$11.2 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.