In the fourth quarter of 2024, the average monthly rent of private apartments in the Hong Kong Island region, the heart of Hong Kong, was between *** and *** Hong Kong dollars per square meter. Meanwhile, the median income for an individual was ** thousand Hong Kong dollars per month.

As of March 2024, the average monthly rent for public rental housing in Hong Kong's New Territories was ** Hong Kong dollars per square meters. These type of apartments were rent-controlled and therefore were significantly cheaper than their private counterparts. For instance, whereas public housing in the New Territories costs ** Hong Kong dollars per square meter per month on average, a private apartment in the same districts costs *** Hong Kong dollar per month.

In the fourth quarter of 2024, the average monthly rent for grade A office space in Hong Kong's Central district amounted to *** Hong Kong dollars per square meter. Central had the most expensive office real estate among all districts in the city. Compared to other major cities in the Asia-Pacific region, Hong Kong had the highest average rent for grade A office real estate.

In 2019, the average monthly rent of a private retail space in Hong Kong Island, traditional financial and business hub of Hong Kong, amounted to ***** Hong Kong dollars per square meter. The average rentals of private retail venues in Hong Kong Island are the highest in the city, which is largely affected by the incoming tourist destination spots.

Housing Index in Hong Kong increased to 140.25 points in September 21 from 139.39 points in the previous week. This dataset provides - Hong Kong House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2019, the average monthly rent of a warehouse space in Hong Kong amounted to almost ***** Hong Kong dollars per square meter. The demand of warehouses has been increasing in Hong Kong, consistently driving the rental prices up.

In the first half of 2020, the rental price of retail colocation space in Hong Kong was between *** and *** U.S. dollars per month. Pricing in hyperscale cloud and wholesale colocation was less expensive, with monthly rent between *** and *** U.S. dollars for hyperscale, and *** and *** U.S. dollars for wholesale colocation. Hyperscale data centers have the largest power requirements and customers are usually a cloud or large tech company. Wholesale and retail colocation, on the other hand, have smaller power requirements.

In 2019, the average monthly rent of a private retail space in New Territories, one of the three main regions of Hong Kong, amounted to ***** Hong Kong dollars per square meter. The average rentals of private retail venues in New Territories were the lowest in the city.

Japan AE: Hong Kong: AS: Rental (Exclude Car) data was reported at 9,114.452 JPY in Mar 2018. Japan AE: Hong Kong: AS: Rental (Exclude Car) data is updated quarterly, averaging 9,114.452 JPY from Mar 2018 (Median) to Mar 2018, with 1 observations. Japan AE: Hong Kong: AS: Rental (Exclude Car) data remains active status in CEIC and is reported by Ministry of Land, Infrastructure, Transport and Tourism. The data is categorized under Global Database’s Japan – Table JP.Q028: Tourism and Leisure: Average Expenditure per Purchaser by Nationality.

HK: Forest Rents: % of GDP data was reported at 0.001 % in 2016. This records an increase from the previous number of 0.001 % for 2015. HK: Forest Rents: % of GDP data is updated yearly, averaging 0.001 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 0.007 % in 1973 and a record low of 0.001 % in 2000. HK: Forest Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hong Kong SAR – Table HK.World Bank.WDI: Land Use, Protected Areas and National Wealth. Forest rents are roundwood harvest times the product of regional prices and a regional rental rate.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;

In 2019, the average monthly rent of a private retail space in Kowloon, a shopping, arts, and entertainment district of Hong Kong, amounted to ***** Hong Kong dollars per square meter. The average rentals of private retail venues in Kowloon were only surpassed by the ones in Hong Kong Island.

Hong Kong HK: (DC)Natural Gas Rents: % of GDP data was reported at 0.000 % in 2016. This stayed constant from the previous number of 0.000 % for 2015. Hong Kong HK: (DC)Natural Gas Rents: % of GDP data is updated yearly, averaging 0.000 % from Dec 1971 (Median) to 2016, with 46 observations. Hong Kong HK: (DC)Natural Gas Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hong Kong SAR – Table HK.World Bank.WDI: Land Use, Protected Areas and National Wealth. Natural gas rents are the difference between the value of natural gas production at regional prices and total costs of production.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;

This statistic depicts the average price of private retail rentals in Hong Kong from 2009 to 2015, by region. In 2014, the average private retail rental price in Hong Kong island reached around ***** Hong Kong dollars per square meter.

As of March 2024, the average living space of public rental housing tenants in Hong Kong was 13.9 square meters per person. In the same year, the proportion of households with living space per person below 5.5 square meters was 0.4 percent.

In 2020, the average monthly residential rent in New York was 2,870 U.S. dollars. Abu Dhabi and Hong Kong had the next highest average rental rates at 2,838 and 2,682 U.S. dollars respectively.

As of March 2024, ** percent of public rental housing in Hong Kong had a flat size between ** and ** square meters. That size also accounted for the highest share of public rental housing in the city. Less than ** percent of flats were larger than ** square meters.

As of March 2024, *** thousand general applicants received access to public rental housing, another ** thousand applicants gained access through the quota and point system. In 2023 and 2024, the average waiting time for general applicants was *** years.

This statistic shows the number of private housing units in Hong Kong from 2012 to 2023. As of March 2023, the number of private housing units in Hong Kong amounted to more than **** million.

The arpu in the 'Vacation Rentals' segment of the travel & tourism market in Hong Kong was modeled to amount to ****** U.S. dollars in 2024. Following a continuous upward trend, the arpu has risen by ***** U.S. dollars since 2017. Between 2024 and 2030, the arpu will rise by ****** U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Vacation Rentals.

In 2019, Hong Kong had the most expensive residential property market worldwide, with an average price per square foot of 1,987 U.S. dollars.

Hong Kong

Hong Kong, an autonomous special administrative region of China, has one of the least affordable housing markets in the world. A region with an estimated 7.49 million people, it has become increasingly difficult to purchase a home in Hong Kong. The spoken languages in Hong Kong are Cantonese, Mandarin, and English.

Hong Kong housing market

The housing market in Hong Kong has seen an increase in prices in the past couple years. There are two types of housing unit offers in Hong Kong, private and public. The number of public rental housing units has been consistently rising since 2008. Nearly half of the public rental apartments in Hong Kong as of March 2018 were between 30 and 39.9 square meters. Not only has the number of public rental housing units increased since 2008, so have the private ones. However, there are more private housing units than public ones in Hong Kong. Additionally, the Home Ownership Scheme exists in Hong Kong. It is a government sponsored program that subsidizes public housing in Hong Kong. First created in the late 1970s, it was instituted with two targets in mind. The first was to persuade the richer tenants of these apartments to leave so families in greater need could live there. The second was to allow these families to become home owners, since they did not have enough money to buy in the private sector. Under this program, the government sells apartments to qualified low-income tenants at prices below the market value.