1997: Residential price and rental indices
The Rating and Valuation Department's monthly residential price and rental indices for 1997, with charts, monthly records and year-end comparisons.
Reading this year
December 1997 all-class prices: 155.0, a +15.2% 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 1996 | December 1997 | December year-on-year change | Months available in year |
|---|---|---|---|---|
| All-class prices | 134.5 | 155.0 | +15.2% | 12/12 |
| Class A (under 40 m²) prices | 132.5 | 155.4 | +17.3% | 12/12 |
| Class B (40 to 69.9 m²) prices | 135.2 | 153.4 | +13.5% | 12/12 |
| Class C (70 to 99.9 m²) prices | 136.5 | 160.0 | +17.2% | 12/12 |
| Class D (100 to 159.9 m²) prices | 139.2 | 156.1 | +12.1% | 12/12 |
| Class E (160 m² or above) prices | 140.2 | 156.3 | +11.5% | 12/12 |
| All-class rents | 122.7 | 135.3 | +10.3% | 12/12 |
| Class A (under 40 m²) rents | 116.8 | 129.9 | +11.2% | 12/12 |
| Class B (40 to 69.9 m²) rents | 125.3 | 134.5 | +7.3% | 12/12 |
| Class C (70 to 99.9 m²) rents | 130.3 | 139.4 | +7% | 12/12 |
| Class D (100 to 159.9 m²) rents | 124.7 | 139.9 | +12.2% | 12/12 |
| Class E (160 m² or above) rents | 122.8 | 145.3 | +18.3% | 12/12 |
Changes appear only when both December values exist. Provisional or low-transaction markers are retained with the values.
Monthly published records
| Month | All-class prices | Class A (under 40 m²) prices | Class B (40 to 69.9 m²) prices | Class C (70 to 99.9 m²) prices | Class D (100 to 159.9 m²) prices | Class E (160 m² or above) prices | All-class rents | Class A (under 40 m²) rents | Class B (40 to 69.9 m²) rents | Class C (70 to 99.9 m²) rents | Class D (100 to 159.9 m²) rents | Class E (160 m² or above) rents |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| January 1997 | 142.7 | 137.9 | 143.6 | 148.8 | 156.1 | 160.9 | 127.4 | 120.2 | 128.6 | 136.9 | 134.0 | 130.0 |
| February 1997 | 154.3 | 151.1 | 154.6 | 160.6 | 163.4 | 164.2 | 127.9 | 123.1 | 128.7 | 136.2 | 132.5 | 128.0 |
| March 1997 | 162.2 | 160.6 | 162.4 | 167.1 | 163.1 | 166.4 | 128.7 | 124.5 | 129.7 | 134.3 | 131.6 | 130.7 |
| April 1997 | 157.0 | 154.5 | 157.8 | 162.1 | 160.6 | 159.5 | 132.0 | 125.0 | 134.5 | 137.0 | 136.3 | 136.8 |
| May 1997 | 172.3 | 169.5 | 173.7 | 175.3 | 175.0 | 184.6 | 133.7 | 127.9 | 135.4 | 140.3 | 136.9 | 136.4 |
| June 1997 | 172.0 | 171.0 | 171.0 | 177.7 | 176.1 | 179.6 | 135.2 | 127.9 | 136.4 | 144.5 | 139.1 | 140.4 |
| July 1997 | 167.2 | 165.1 | 166.7 | 174.4 | 171.9 | 180.0 | 138.8 | 131.7 | 140.6 | 145.9 | 142.3 | 143.4 |
| August 1997 | 171.1 | 168.8 | 170.5 | 180.2 | 174.2 | 185.0 | 139.2 | 132.3 | 139.7 | 147.9 | 145.8 | 143.3 |
| September 1997 | 170.3 | 170.2 | 169.1 | 174.3 | 174.4 | 173.5 | 138.7 | 132.8 | 140.0 | 141.2 | 143.9 | 143.9 |
| October 1997 | 172.9 | 171.1 | 172.1 | 178.7 | 178.2 | 198.2 | 139.3 | 131.7 | 141.8 | 142.7 | 145.6 | 143.7 |
| November 1997 | 160.5 | 161.2 | 157.0 | 166.9 | 173.1 | 166.4 | 137.6 | 130.5 | 138.5 | 144.7 | 143.4 | 142.8 |
| December 1997 | 155.0 | 155.4 | 153.4 | 160.0 | 156.1 | 156.3 | 135.3 | 129.9 | 134.5 | 139.4 | 139.9 | 145.3 |
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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.