2023: Regional home prices and rents
The Rating and Valuation Department's monthly regional home prices and rents for 2023, with charts, monthly records and year-end comparisons.
Reading this year
December 2023 hong kong island class a (under 40 m²) prices: HK$13,903 per sq ft, a +1% 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 2022 | December 2023 | December year-on-year change | Months available in year |
|---|---|---|---|---|
| Hong Kong Island Class A (under 40 m²) prices | HK$13,762 per sq ft | HK$13,903 per sq ft | +1% | 12/12 |
| Hong Kong Island Class B (40 to 69.9 m²) prices | HK$13,854 per sq ft | HK$13,798 per sq ft | -0.4% | 12/12 |
| Hong Kong Island Class C (70 to 99.9 m²) prices | HK$16,262 per sq ft | HK$16,965 per sq ft | +4.3% | 12/12 |
| Hong Kong Island Class D (100 to 159.9 m²) prices | HK$21,777 per sq ft few transactions | HK$18,527 per sq ft | -14.9% | 12/12 |
| Hong Kong Island Class E (160 m² or above) prices | HK$17,741 per sq ft few transactions | HK$23,501 per sq ft few transactions | +32.5% | 12/12 |
| Kowloon Class A (under 40 m²) prices | HK$12,605 per sq ft | HK$11,149 per sq ft | -11.6% | 12/12 |
| Kowloon Class B (40 to 69.9 m²) prices | HK$13,156 per sq ft | HK$12,081 per sq ft | -8.2% | 12/12 |
| Kowloon Class C (70 to 99.9 m²) prices | HK$14,475 per sq ft | HK$14,423 per sq ft | -0.4% | 12/12 |
| Kowloon Class D (100 to 159.9 m²) prices | HK$18,910 per sq ft few transactions | HK$16,681 per sq ft few transactions | -11.8% | 12/12 |
| Kowloon Class E (160 m² or above) prices | HK$18,752 per sq ft few transactions | HK$16,967 per sq ft few transactions | -9.5% | 9/12 |
| New Territories Class A (under 40 m²) prices | HK$11,919 per sq ft | HK$10,623 per sq ft | -10.9% | 12/12 |
| New Territories Class B (40 to 69.9 m²) prices | HK$11,139 per sq ft | HK$10,480 per sq ft | -5.9% | 12/12 |
| New Territories Class C (70 to 99.9 m²) prices | HK$11,871 per sq ft | HK$11,187 per sq ft | -5.8% | 12/12 |
| New Territories Class D (100 to 159.9 m²) prices | HK$9,974 per sq ft | HK$10,115 per sq ft | +1.4% | 12/12 |
| New Territories Class E (160 m² or above) prices | HK$8,879 per sq ft few transactions | HK$9,143 per sq ft few transactions | +3% | 12/12 |
| Hong Kong Island Class A (under 40 m²) monthly rents | HK$40.8 per sq ft / month | HK$43.9 per sq ft / month | +7.5% | 12/12 |
| Hong Kong Island Class B (40 to 69.9 m²) monthly rents | HK$34.3 per sq ft / month | HK$36.8 per sq ft / month | +7.3% | 12/12 |
| Hong Kong Island Class C (70 to 99.9 m²) monthly rents | HK$37.2 per sq ft / month | HK$39.9 per sq ft / month | +7.3% | 12/12 |
| Hong Kong Island Class D (100 to 159.9 m²) monthly rents | HK$37.8 per sq ft / month | HK$37.6 per sq ft / month | -0.5% | 12/12 |
| Hong Kong Island Class E (160 m² or above) monthly rents | HK$40.3 per sq ft / month | HK$43.5 per sq ft / month | +7.8% | 12/12 |
| Kowloon Class A (under 40 m²) monthly rents | HK$34.5 per sq ft / month | HK$39.8 per sq ft / month | +15.4% | 12/12 |
| Kowloon Class B (40 to 69.9 m²) monthly rents | HK$30.0 per sq ft / month | HK$32.1 per sq ft / month | +6.8% | 12/12 |
| Kowloon Class C (70 to 99.9 m²) monthly rents | HK$31.7 per sq ft / month | HK$33.5 per sq ft / month | +5.9% | 12/12 |
| Kowloon Class D (100 to 159.9 m²) monthly rents | HK$29.5 per sq ft / month | HK$34.5 per sq ft / month | +16.7% | 12/12 |
| Kowloon Class E (160 m² or above) monthly rents | HK$29.6 per sq ft / month few transactions | HK$32.6 per sq ft / month few transactions | +10% | 12/12 |
| New Territories Class A (under 40 m²) monthly rents | HK$27.9 per sq ft / month | HK$30.2 per sq ft / month | +8.3% | 12/12 |
| New Territories Class B (40 to 69.9 m²) monthly rents | HK$22.8 per sq ft / month | HK$24.4 per sq ft / month | +7.3% | 12/12 |
| New Territories Class C (70 to 99.9 m²) monthly rents | HK$23.3 per sq ft / month | HK$24.6 per sq ft / month | +5.6% | 12/12 |
| New Territories Class D (100 to 159.9 m²) monthly rents | HK$22.9 per sq ft / month | HK$22.8 per sq ft / month | -0.4% | 12/12 |
| New Territories Class E (160 m² or above) monthly rents | HK$19.7 per sq ft / month few transactions | HK$20.3 per sq ft / month | +3.3% | 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 2023 | HK$14,173 per sq ft | HK$14,556 per sq ft | HK$41.4 per sq ft / month | HK$34.3 per sq ft / month |
| February 2023 | HK$14,437 per sq ft | HK$15,360 per sq ft | HK$41.0 per sq ft / month | HK$34.4 per sq ft / month |
| March 2023 | HK$14,861 per sq ft | HK$15,614 per sq ft | HK$41.6 per sq ft / month | HK$34.7 per sq ft / month |
| April 2023 | HK$14,727 per sq ft | HK$15,576 per sq ft | HK$41.3 per sq ft / month | HK$34.7 per sq ft / month |
| May 2023 | HK$15,264 per sq ft | HK$15,201 per sq ft | HK$39.9 per sq ft / month | HK$34.7 per sq ft / month |
| June 2023 | HK$14,260 per sq ft | HK$15,152 per sq ft | HK$40.5 per sq ft / month | HK$35.4 per sq ft / month |
| July 2023 | HK$13,917 per sq ft | HK$14,280 per sq ft | HK$42.8 per sq ft / month | HK$34.9 per sq ft / month |
| August 2023 | HK$13,895 per sq ft | HK$14,056 per sq ft | HK$42.9 per sq ft / month | HK$35.5 per sq ft / month |
| September 2023 | HK$14,185 per sq ft | HK$14,464 per sq ft | HK$44.7 per sq ft / month | HK$36.2 per sq ft / month |
| October 2023 | HK$13,309 per sq ft | HK$14,446 per sq ft | HK$43.5 per sq ft / month | HK$36.3 per sq ft / month |
| November 2023 | HK$13,089 per sq ft | HK$13,740 per sq ft | HK$42.8 per sq ft / month | HK$36.2 per sq ft / month |
| December 2023 | HK$13,903 per sq ft | HK$13,798 per sq ft | HK$43.9 per sq ft / month | HK$36.8 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 2023 | HK$13,179 per sq ft | HK$13,706 per sq ft | HK$35.0 per sq ft / month | HK$30.0 per sq ft / month |
| February 2023 | HK$13,315 per sq ft | HK$13,472 per sq ft | HK$35.1 per sq ft / month | HK$29.8 per sq ft / month |
| March 2023 | HK$12,945 per sq ft | HK$13,666 per sq ft | HK$35.1 per sq ft / month | HK$30.9 per sq ft / month |
| April 2023 | HK$13,137 per sq ft | HK$13,968 per sq ft | HK$36.3 per sq ft / month | HK$30.6 per sq ft / month |
| May 2023 | HK$12,730 per sq ft | HK$13,472 per sq ft | HK$35.8 per sq ft / month | HK$31.2 per sq ft / month |
| June 2023 | HK$12,456 per sq ft | HK$13,699 per sq ft | HK$36.0 per sq ft / month | HK$31.4 per sq ft / month |
| July 2023 | HK$12,312 per sq ft | HK$12,822 per sq ft | HK$36.4 per sq ft / month | HK$31.5 per sq ft / month |
| August 2023 | HK$12,016 per sq ft | HK$12,922 per sq ft | HK$38.8 per sq ft / month | HK$32.3 per sq ft / month |
| September 2023 | HK$11,948 per sq ft | HK$12,128 per sq ft | HK$37.3 per sq ft / month | HK$32.3 per sq ft / month |
| October 2023 | HK$11,649 per sq ft | HK$12,404 per sq ft | HK$40.9 per sq ft / month | HK$32.1 per sq ft / month |
| November 2023 | HK$11,635 per sq ft | HK$12,743 per sq ft | HK$38.4 per sq ft / month | HK$32.6 per sq ft / month |
| December 2023 | HK$11,149 per sq ft | HK$12,081 per sq ft | HK$39.8 per sq ft / month | HK$32.1 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 2023 | HK$12,190 per sq ft | HK$11,461 per sq ft | HK$27.1 per sq ft / month | HK$22.8 per sq ft / month |
| February 2023 | HK$12,673 per sq ft | HK$11,619 per sq ft | HK$28.0 per sq ft / month | HK$23.0 per sq ft / month |
| March 2023 | HK$12,649 per sq ft | HK$11,574 per sq ft | HK$28.1 per sq ft / month | HK$23.2 per sq ft / month |
| April 2023 | HK$12,699 per sq ft | HK$11,810 per sq ft | HK$29.0 per sq ft / month | HK$23.3 per sq ft / month |
| May 2023 | HK$12,329 per sq ft | HK$11,744 per sq ft | HK$28.2 per sq ft / month | HK$23.6 per sq ft / month |
| June 2023 | HK$12,583 per sq ft | HK$11,273 per sq ft | HK$28.7 per sq ft / month | HK$23.2 per sq ft / month |
| July 2023 | HK$11,823 per sq ft | HK$11,735 per sq ft | HK$29.2 per sq ft / month | HK$24.0 per sq ft / month |
| August 2023 | HK$11,850 per sq ft | HK$11,111 per sq ft | HK$30.9 per sq ft / month | HK$25.0 per sq ft / month |
| September 2023 | HK$11,316 per sq ft | HK$10,698 per sq ft | HK$29.0 per sq ft / month | HK$24.2 per sq ft / month |
| October 2023 | HK$11,105 per sq ft | HK$10,467 per sq ft | HK$29.3 per sq ft / month | HK$24.4 per sq ft / month |
| November 2023 | HK$10,963 per sq ft | HK$10,386 per sq ft | HK$29.4 per sq ft / month | HK$24.2 per sq ft / month |
| December 2023 | HK$10,623 per sq ft | HK$10,480 per sq ft | HK$30.2 per sq ft / month | HK$24.4 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.