2023: Residential price and rental indices
The Rating and Valuation Department's monthly residential price and rental indices for 2023, with charts, monthly records and year-end comparisons.
Reading this year
December 2023 all-class prices: 311.3, a -7% 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 2022 | December 2023 | December year-on-year change | Months available in year |
|---|---|---|---|---|
| All-class prices | 334.7 | 311.3 | -7% | 12/12 |
| Class A (under 40 m²) prices | 368.9 | 336.8 | -8.7% | 12/12 |
| Class B (40 to 69.9 m²) prices | 322.0 | 302.5 | -6.1% | 12/12 |
| Class C (70 to 99.9 m²) prices | 304.9 | 290.1 | -4.9% | 12/12 |
| Class D (100 to 159.9 m²) prices | 301.7 | 280.3 | -7.1% | 12/12 |
| Class E (160 m² or above) prices | 300.2 few transactions | 281.1 | -6.4% | 12/12 |
| All-class rents | 175.5 | 186.0 | +6% | 12/12 |
| Class A (under 40 m²) rents | 194.6 | 206.9 | +6.3% | 12/12 |
| Class B (40 to 69.9 m²) rents | 173.1 | 184.1 | +6.4% | 12/12 |
| Class C (70 to 99.9 m²) rents | 149.5 | 157.3 | +5.2% | 12/12 |
| Class D (100 to 159.9 m²) rents | 143.6 | 149.6 | +4.2% | 12/12 |
| Class E (160 m² or above) rents | 133.6 | 139.8 | +4.6% | 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 2023 | 338.3 | 370.9 | 326.9 | 309.2 | 303.8 | 301.2 | 173.6 | 192.6 | 171.3 | 147.5 | 141.8 | 130.8 |
| February 2023 | 346.8 | 380.4 | 335.4 | 316.8 | 305.8 | 305.4 few transactions | 175.1 | 194.1 | 173.0 | 148.1 | 144.0 | 131.1 |
| March 2023 | 352.3 | 384.6 | 341.7 | 321.7 | 310.2 | 307.8 | 176.2 | 195.6 | 173.8 | 149.3 | 146.5 | 132.3 |
| April 2023 | 354.2 | 387.8 | 343.1 | 321.8 | 314.9 | 311.4 few transactions | 178.7 | 198.9 | 175.9 | 152.3 | 146.6 | 133.8 |
| May 2023 | 350.4 | 382.2 | 340.4 | 318.0 | 308.8 | 308.2 few transactions | 179.9 | 199.0 | 177.7 | 153.5 | 149.4 | 136.3 |
| June 2023 | 347.3 | 379.1 | 337.2 | 316.2 | 304.9 | 301.9 | 180.9 | 200.5 | 178.8 | 153.7 | 149.4 | 137.4 |
| July 2023 | 344.0 | 372.1 | 335.4 | 314.8 | 304.3 | 296.5 few transactions | 182.0 | 201.4 | 180.4 | 154.7 | 149.4 | 137.9 |
| August 2023 | 337.0 | 364.1 | 328.2 | 312.4 | 297.8 | 293.9 few transactions | 184.9 | 205.6 | 183.4 | 155.1 | 149.4 | 138.2 |
| September 2023 | 329.1 | 355.2 | 320.7 | 306.0 | 292.4 | 291.0 few transactions | 185.2 | 206.4 | 183.4 | 155.6 | 149.4 | 138.5 |
| October 2023 | 322.0 | 346.9 | 314.2 | 298.6 | 286.4 | 288.0 few transactions | 185.4 | 206.4 | 183.4 | 157.1 | 149.4 | 139.5 |
| November 2023 | 315.6 | 340.0 | 307.7 | 293.8 | 281.5 | 284.4 few transactions | 185.5 | 206.4 | 183.4 | 157.3 | 149.5 | 139.7 |
| December 2023 | 311.3 | 336.8 | 302.5 | 290.1 | 280.3 | 281.1 | 186.0 | 206.9 | 184.1 | 157.3 | 149.6 | 139.8 |
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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.