In 2022, the average price of permanent housing in Hong Kong Island dropped to around 173 thousand Hong Kong dollars per square meter on average. The city had the highest property prices in the region.

In the first quarter of 2024, the average monthly rent of private apartments in the Hong Kong Island region, the heart of Hong Kong, was between 386 and 457 Hong Kong dollars per square meter. Meanwhile, the median income for an individual was 18 thousand Hong Kong dollars per month.

Housing Index in Hong Kong decreased to 136.48 points in March 9 from 137.46 points in the previous week. This dataset provides - Hong Kong House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Real Residential Property Prices for Hong Kong SAR (QHKR628BIS) from Q4 1979 to Q3 2024 about Hong Kong, residential, HPI, housing, real, price index, indexes, and price.

As of March 2023, the average monthly rent for public rental housing in Hong Kong's New Territories was 67 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 67 Hong Kong dollars per square meter per month on average, a private apartment in the same districts costs 257 Hong Kong dollar per month.

Key information about Hong Kong SAR (China) Gold Production

• Hong Kong SAR (China) Real Residential Property Price Index was reported at 132.982 2010=100 in Sep 2024.
• This records a decrease from the previous number of 140.888 2010=100 for Jun 2024.
• Hong Kong SAR (China) Real Residential Property Price Index data is updated quarterly, averaging 76.683 2010=100 from Dec 1979 to Sep 2024, with 180 observations.
• The data reached an all-time high of 198.526 2010=100 in Sep 2018 and a record low of 28.660 2010=100 in Sep 1984.
• Hong Kong SAR (China) Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

In the first quarter of 2024, the average monthly rent for grade A office space in Hong Kong's Central district amounted to 954 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.

This statistic shows the price per square foot in selected prime residential markets worldwide in 2018. Hong Kong was the most expensive residential market globally with average prime residential values of 4,670 U.S. dollars per square foot.

In 2020, Hong Kong had the most expensive residential property market worldwide, with an average property price of 1.25 million U.S. dollars. The government of Hong Kong provide public housing for lower-income residents and almost 45 percent of the Hong Kong population lived in public permanent housing in 2018.

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 1.73 million.

Hong Kong Affordability Ratio: Private Household: Small & Medium Units data was reported at 63.614 % in Oct 2018. This records a decrease from the previous number of 64.243 % for Sep 2018. Hong Kong Affordability Ratio: Private Household: Small & Medium Units data is updated monthly, averaging 46.973 % from Jan 1994 (Median) to Oct 2018, with 298 observations. The data reached an all-time high of 113.543 % in Jun 1997 and a record low of 19.738 % in Jul 2003. Hong Kong Affordability Ratio: Private Household: Small & Medium Units data remains active status in CEIC and is reported by Centaline Property Agency Limited. The data is categorized under Global Database’s Hong Kong SAR – Table HK.EB021: Residential: Affordability Ratio. Assumptions: unit size of 600 s.f. 60% loan-to-value ratio 20 years mortgage period based on Centa-City (Small/Medium Units) Leading Index's adjusted price Median household income is assumed to be the same as the last quarter.

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.

Oslo was the Norwegian city with the most expensive apartments and houses in 2024. In March that year, the average price per residential property in the Norwegian capital was approximately 6.4 million Norwegian kroner. The city above the polar circle, Tromsø ranked second, with housing units costing on average nearly 4.6 million Norwegian kroner. In 2019, there were over nine thousand dwellings sold in Norway. Housing types The largest share of Norwegian residential housing units in 2023 were detached houses, accounting for nearly half of the total housing market in the country. Moreover, a quarter of all occupied and vacant dwellings that year were blocks of flats and over one fifth were houses with two dwellings or row houses. Where are properties the most expensive? Within selected global property markets, Hong Kong had the most expensive housing prices in 2020. An average property would cost roughly 1.25 million U.S. dollars in the former British colony. Munich ranked second, where the average property price amounted to roughly one million U.S dollars.

As of 2019, Hong Kong was the most unaffordable city in the world to buy a home, as it would take the average skilled service worker 21 years to be able to purchase a 650-square foot apartment in the city. In 2018, the average price for a home in the city was 1.24 million U.S. dollars.

Hong Kong SAR (China) CPI (B): Weight: Housing: Rent, Including Rates: Private Housing data was reported at 25.480 % in 2006. This stayed constant from the previous number of 25.480 % for 2005. Hong Kong SAR (China) CPI (B): Weight: Housing: Rent, Including Rates: Private Housing data is updated yearly, averaging 25.480 % from Dec 1980 (Median) to 2006, with 27 observations. The data reached an all-time high of 25.480 % in 2006 and a record low of 25.480 % in 2006. Hong Kong SAR (China) CPI (B): Weight: Housing: Rent, Including Rates: Private Housing data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.I064: Consumer Price Index (B): 10/99-9/00=100: Weights: Annual.

The Hong Kong market for bearing housings not incorporating ball or roller bearings, plain shaft bearings rose to $216M in 2024, surging by 3.2% against the previous year. In general, the total consumption indicated noticeable growth from 2012 to 2024: its value increased at an average annual rate of +3.2% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

In 2022, Hong Kong had the highest construction costs of standard high rise apartments in the Asia-Pacific region, with construction costs averaging 3,380 U.S. dollars per square meter. Contrastingly, the construction costs for a standard high rise apartment in Kuala Lumpur amounted to an average of 470 U.S. dollars per square meter in 2022.

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.

In 2019, the city in the Asia Pacific region which was the most expensive in terms of prime real estate was Hong Kong, in which prime real estate cost on average 57.6 thousand U.S. dollars per square meter. Contrastingly, in Manila prime real estate cost on average just under six thousand U.S. dollars per square meter in 2019

Hong Kong SAR (China) CPI (A): Weights: Housing: Management Fees & Other Housing Charges data was reported at 2.080 % in 2024. This stayed constant from the previous number of 2.080 % for 2023. Hong Kong SAR (China) CPI (A): Weights: Housing: Management Fees & Other Housing Charges data is updated yearly, averaging 2.080 % from Dec 2005 (Median) to 2024, with 20 observations. The data reached an all-time high of 2.080 % in 2024 and a record low of 2.080 % in 2024. Hong Kong SAR (China) CPI (A): Weights: Housing: Management Fees & Other Housing Charges data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.I031: Consumer Price Index (A): 10/19-9/20=100: Weights: Annual.