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 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.

Key information about House Prices Growth

• Hong Kong SAR (China) house prices dropped 6.4% YoY in Jan 2025, following a decrease of 7.2% YoY in the previous month.
• YoY growth data is updated monthly, available from Jan 1994 to Jan 2025, with an average growth rate of 3.4%.
• House price data reached an all-time high of 51.8% in May 1997 and a record low of -44.7% in Oct 1998.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Key information about Hong Kong SAR (China) Nominal Residential Property Price Index Growth

• Hong Kong SAR (China) Nominal Residential Property Price Index Growth was reported at -13.127 % in Sep 2024.
• This records a decrease from the previous number of -12.767 % for Jun 2024.
• Hong Kong SAR (China) Nominal Residential Property Price Index Growth data is updated quarterly, averaging 7.059 % from Dec 1980 to Sep 2024, with 176 observations.
• The data reached an all-time high of 60.484 % in Mar 1992 and a record low of -38.852 % in Sep 1998.
• Hong Kong SAR (China) Nominal Residential Property Price Index Growth 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 Nominal Residential Property Price Index: 2010=100: Quarterly: YoY %.

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.

Key information about Hong Kong SAR (China) Nominal Residential Property Price Index

• Hong Kong SAR (China) Nominal Residential Property Price Index was reported at 193.826 2010=100 in Sep 2024.
• This records a decrease from the previous number of 202.684 2010=100 for Jun 2024.
• Hong Kong SAR (China) Nominal Residential Property Price Index data is updated quarterly, averaging 67.149 2010=100 from Dec 1979 to Sep 2024, with 180 observations.
• The data reached an all-time high of 263.648 2010=100 in Sep 2021 and a record low of 10.934 2010=100 in Dec 1979.
• Hong Kong SAR (China) Nominal 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 Nominal Residential Property Price Index: 2010=100: Quarterly.

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 ***** U.S. dollars per square foot.

Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: PD: New Territories (NT) data was reported at 319.300 1999=100 in Sep 2018. This records a decrease from the previous number of 324.300 1999=100 for Aug 2018. Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: PD: New Territories (NT) data is updated monthly, averaging 106.100 1999=100 from Jan 1992 (Median) to Sep 2018, with 321 observations. The data reached an all-time high of 324.400 1999=100 in Jul 2018 and a record low of 54.600 1999=100 in Jul 2003. Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: PD: New Territories (NT) data remains active status in CEIC and is reported by Rating and Valuation Department. The data is categorized under Global Database’s Hong Kong – Table HK.EB015: Residential: Price Index: 1999=100.

Hong Kong (DC)Property Price Index: Qtr: 1989=100: DP: Over 100 sqm data was reported at 281.000 1989=100 in Sep 2000. This records a decrease from the previous number of 292.000 1989=100 for Jun 2000. Hong Kong (DC)Property Price Index: Qtr: 1989=100: DP: Over 100 sqm data is updated quarterly, averaging 104.000 1989=100 from Mar 1980 (Median) to Sep 2000, with 83 observations. The data reached an all-time high of 528.000 1989=100 in Sep 1997 and a record low of 40.000 1989=100 in Sep 1984. Hong Kong (DC)Property Price Index: Qtr: 1989=100: DP: Over 100 sqm data remains active status in CEIC and is reported by Rating and Valuation Department. The data is categorized under Global Database’s Hong Kong – Table HK.EB015: Residential: Price Index: 1999=100.

In 2023, China Resources Land Limited, the Hong Kong-headquartered company, was the highest-ranking real estate company in the Forbes 2000 ranking. China Resources - a property development and management company - had a market value of ***** billion U.S. dollars. Despite ranking fifth, the U.S.-headquartered American Tower Corporation had the highest market value, totaling ***** billion U.S. dollars.

Hong Kong HK: Property Price Index: 1999=100: Offices: Grade A: Core Districts data was reported at 703.700 1999=100 in Oct 2018. This records an increase from the previous number of 468.100 1999=100 for Sep 2018. Hong Kong HK: Property Price Index: 1999=100: Offices: Grade A: Core Districts data is updated monthly, averaging 198.350 1999=100 from Jan 1993 (Median) to Oct 2018, with 310 observations. The data reached an all-time high of 703.700 1999=100 in Oct 2018 and a record low of 57.900 1999=100 in Apr 2003. Hong Kong HK: Property Price Index: 1999=100: Offices: Grade A: Core Districts data remains active status in CEIC and is reported by Rating and Valuation Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.EB051: Office: Price Index: 1999=100.

The Hong Kong self-storage industry, part of a global market exhibiting an 8% CAGR, presents a dynamic landscape shaped by several key factors. Hong Kong's high population density, limited living space, and a robust e-commerce sector fueling inventory needs are significant drivers of market growth. The increasing popularity of flexible work arrangements and the growth of small and medium-sized enterprises (SMEs) also contribute to the demand for storage solutions. While data on the precise Hong Kong market size is unavailable, we can reasonably estimate its value based on global trends and regional comparisons. Considering comparable Asian markets and the CAGR, we can project a 2025 Hong Kong market value in the range of $100-150 million USD, likely leaning toward the higher end given Hong Kong's unique density challenges and economic activity. The market is segmented into personal and business storage, with the business segment potentially experiencing faster growth due to the aforementioned SME boom and increasing reliance on third-party logistics. Key players like SC Storage, Extra Space Pte Ltd, and others compete in this space, offering a range of storage solutions to cater to diverse needs. Future growth hinges on the continued economic prosperity of Hong Kong and the adaptation of storage providers to evolving customer preferences, including environmentally friendly options and technology-driven solutions for access and management. The competitive landscape in Hong Kong is characterized by both established international players and local providers. The industry faces challenges such as land scarcity and high real estate prices which drive up operational costs. However, innovation in storage solutions, such as automated storage and retrieval systems, and the increasing use of technology for booking and management are countering these limitations. The potential for consolidation within the market exists, with larger companies potentially acquiring smaller local providers to expand their market share. Furthermore, the increasing awareness of sustainability amongst consumers is likely to drive demand for eco-friendly storage solutions, presenting both a challenge and opportunity for industry players. Regulatory changes related to building codes and environmental standards can also influence the industry’s trajectory. Therefore, a thorough understanding of these factors is crucial for effective market forecasting and strategic planning within the Hong Kong self-storage sector. This comprehensive report provides an in-depth analysis of the Hong Kong storage industry, encompassing market size, trends, competitive landscape, and future growth projections from 2019-2033. With a base year of 2025 and an estimated market value in the hundreds of millions, this report is an essential resource for businesses operating in or considering entry into this dynamic sector. The study covers both the historical period (2019-2024) and forecasts until 2033. High-search-volume keywords such as "Hong Kong self-storage," "Hong Kong storage market," "Hong Kong warehousing," and "self-storage Hong Kong" are strategically integrated for optimal online visibility. Recent developments include: April 2023 - Storefriendly, the Asia self-storage operator backed by investment giant Blackstone, recently introduced its two latest locations at redeveloped properties on Hong Kong Island and in the New Territories., December 2023 - A joint venture between US private equity giant Blackstone and Hong Kong-based self-storage operator StoreFriendly has acquired an industrial building in Hong Kong’s New Territories for HKD560 million (USD 72 million), with plans to convert the Tsuen Wan property into a self-storage facility.. Key drivers for this market are: Growing Population Density is the Key Driver of the Market. Potential restraints include: Lack of Enough Space to Build Self-storage Facilities. Notable trends are: Personal Segment is Expected to Drive the Market.

Hong Kong Self-Storage Market size was valued at USD 813.58 Million in 2024 and is projected to reach USD 1326.37 Million by 2032, growing at a CAGR of 6.3% during the forecast period 2026-2032.

Hong Kong Self-Storage Market Drivers

1. Rising property prices and a shortage of residential space The typical apartment size in Hong Kong is between 400 and 500 square feet, making it one of the smallest cities in the world. Residents are compelled by high real estate costs to make the most of their living space, which raises the demand for self-storage facilities for furniture, personal possessions, and seasonal goods.
2. Development of SMEs and E-Commerce Additional space is needed for inventory storage due to the growing e-commerce industry and the rise in small and medium-sized businesses (SMEs). Self-storage facilities are a more affordable option for startups and internet shops than renting commercial warehouses.
3. Trends in Decluttering and Shifting Consumer Lifestyles The need for exterior storage solutions has grown as a result of the minimalist lifestyle trend and growing knowledge of the advantages of decluttering. Sports equipment, decorations, and seasonal apparel are frequently kept in self-storage by locals.

Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: Class D data was reported at 326.000 1999=100 in Sep 2018. This records a decrease from the previous number of 331.300 1999=100 for Aug 2018. Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: Class D data is updated monthly, averaging 131.200 1999=100 from Jan 1993 (Median) to Sep 2018, with 309 observations. The data reached an all-time high of 332.300 1999=100 in Jul 2018 and a record low of 64.900 1999=100 in Jul 2003. Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: Class D data remains active status in CEIC and is reported by Rating and Valuation Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.EB015: Residential: Price Index: 1999=100.

Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: PD: Class D & E data was reported at 329.200 1999=100 in May 2018. This records an increase from the previous number of 327.600 1999=100 for Apr 2018. Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: PD: Class D & E data is updated monthly, averaging 127.700 1999=100 from Jan 1992 (Median) to May 2018, with 317 observations. The data reached an all-time high of 329.200 1999=100 in May 2018 and a record low of 56.300 1999=100 in Jan 1992. Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: PD: Class D & E data remains active status in CEIC and is reported by Rating and Valuation Department. The data is categorized under Global Database’s Hong Kong – Table HK.EB016: Residential: Price Index: 1999=100.

Hong Kong Property Price Index: Qtr: 1999=100: Domestic Premise (DP) data was reported at 392.700 1999=100 in Sep 2018. This records an increase from the previous number of 383.800 1999=100 for Jun 2018. Hong Kong Property Price Index: Qtr: 1999=100: Domestic Premise (DP) data is updated quarterly, averaging 92.950 1999=100 from Dec 1979 (Median) to Sep 2018, with 156 observations. The data reached an all-time high of 392.700 1999=100 in Sep 2018 and a record low of 16.500 1999=100 in Dec 1979. Hong Kong Property Price Index: Qtr: 1999=100: Domestic Premise (DP) data remains active status in CEIC and is reported by Rating and Valuation Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.EB015: Residential: Price Index: 1999=100.

Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: Class E data was reported at 331.900 1999=100 in Sep 2018. This records a decrease from the previous number of 333.300 1999=100 for Aug 2018. Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: Class E data is updated monthly, averaging 141.800 1999=100 from Jan 1993 (Median) to Sep 2018, with 309 observations. The data reached an all-time high of 335.400 1999=100 in Jul 2018 and a record low of 58.100 1999=100 in Jan 1993. Hong Kong HK: Property Prices Index: 1999=100: Domestic Premises: Class E data remains active status in CEIC and is reported by Rating and Valuation Department. The data is categorized under Global Database’s Hong Kong – Table HK.EB015: Residential: Price Index: 1999=100.

Hong Kong HK: Private Property Market Yield: Retail data was reported at 2.500 % pa in Oct 2018. This records an increase from the previous number of 2.400 % pa for Sep 2018. Hong Kong HK: Private Property Market Yield: Retail data is updated monthly, averaging 4.450 % pa from Jan 1998 (Median) to Oct 2018, with 250 observations. The data reached an all-time high of 8.400 % pa in Oct 2001 and a record low of 2.300 % pa in Nov 2014. Hong Kong HK: Private Property Market Yield: Retail data remains active status in CEIC and is reported by Rating and Valuation Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.EB088: Retail: Private: Property Yields.

Hong Kong CPI (B): Housing: Rent incl Rates: Public data was reported at 176.900 Oct2009-Sep2010=100 in Dec 2016. This stayed constant from the previous number of 176.900 Oct2009-Sep2010=100 for Nov 2016. Hong Kong CPI (B): Housing: Rent incl Rates: Public data is updated monthly, averaging 154.100 Oct2009-Sep2010=100 from Oct 1994 (Median) to Dec 2016, with 267 observations. The data reached an all-time high of 187.500 Oct2009-Sep2010=100 in Mar 2016 and a record low of 3.500 Oct2009-Sep2010=100 in Aug 2014. Hong Kong CPI (B): Housing: Rent incl Rates: Public 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 – Table HK.I032: Consumer Price Index (B): 10/09-9/10=100. CPI (B): Housing: Rent incld Rates: Public was affected by a number of Government’s one-off relief measures, including the waiver of public housing rentals by Housing Authority and Housing Society for the month of February 2007; the waiver of public housing rentals by Housing Society for the month of February 2008; Government's payment of public housing rentals in August to October 2008, August to September 2009, July to August 2010 and August to September 2011; the public housing rental waiver by Housing Authority in September 2010.