Housing Index in Hong Kong increased to 136.13 points in June 22 from 135.60 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 Q1 2025 about Hong Kong, residential, HPI, housing, real, price index, indexes, and price.

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.

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]

Graph and download economic data for Residential Property Prices for Hong Kong SAR (QHKN368BIS) from Q4 1980 to Q4 2024 about Hong Kong, residential, housing, and price.

Residential Property Prices in Hong Kong decreased 8.18 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Hong Kong Residential Property Prices.

In 2023, the average price of permanent housing in Hong Kong Island dropped to around ******* Hong Kong dollars per square meter on average. The city had the highest property prices in the region.

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

• Hong Kong SAR (China) Real Residential Property Price Index Growth was reported at -15.142 % in Sep 2024.
• This records a decrease from the previous number of -13.833 % for Jun 2024.
• Hong Kong SAR (China) Real Residential Property Price Index Growth data is updated quarterly, averaging 2.818 % from Dec 1980 to Sep 2024, with 176 observations.
• The data reached an all-time high of 45.934 % in Mar 1992 and a record low of -40.539 % in Sep 1998.
• Hong Kong SAR (China) Real 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 Real Residential Property Price Index: 2010=100: Quarterly: YoY %.

Hong Kong HK: Private Property Market Yield: Annual: Offices: Grade B data was reported at 2.800 % pa in 2017. This records a decrease from the previous number of 3.200 % pa for 2016. Hong Kong HK: Private Property Market Yield: Annual: Offices: Grade B data is updated yearly, averaging 5.400 % pa from Dec 1987 (Median) to 2017, with 31 observations. The data reached an all-time high of 9.500 % pa in 1987 and a record low of 2.800 % pa in 2017. Hong Kong HK: Private Property Market Yield: Annual: Offices: Grade B 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.EB057: Office: Property Yields.

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.

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.

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.

Source Code: Q:HK:R:628

Coverage includes all types of new and existing dwellings in the whole country. The series is deflated using CPI.

For more information, please see https://www.bis.org/statistics/pp_detailed.htm.

Any use of the series shall be cited as follows: "Sources: National sources, BIS Residential Property Price database, http://www.bis.org/statistics/pp.htm."

Copyright, 2016, Bank for International Settlements (BIS). Terms and conditions of use are available at http://www.bis.org/terms_conditions.htm#Copyright_and_Permissions.

In 2023, the growth rate of the total number of real estate projects in Hong Kong was 6.2 percent. The largest growth was contributed by private residential building and factory blocks and warehouses projects, which increased by 9.1 percent.

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.

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 HK: Private Property Market Yield: Domestic Premise: Annual: 70 to 99.9 Sq m data was reported at 2.400 % pa in 2017. This records a decrease from the previous number of 2.600 % pa for 2016. Hong Kong HK: Private Property Market Yield: Domestic Premise: Annual: 70 to 99.9 Sq m data is updated yearly, averaging 4.300 % pa from Dec 1987 (Median) to 2017, with 31 observations. The data reached an all-time high of 9.100 % pa in 1987 and a record low of 2.400 % pa in 2017. Hong Kong HK: Private Property Market Yield: Domestic Premise: Annual: 70 to 99.9 Sq m 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.EB033: Residential: Private: Property Yields.

Hong Kong GDP: SNA08: RP: Real Estate data was reported at 126,834.000 HKD mn in 2017. This records an increase from the previous number of 123,087.000 HKD mn for 2016. Hong Kong GDP: SNA08: RP: Real Estate data is updated yearly, averaging 85,882.500 HKD mn from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 126,834.000 HKD mn in 2017 and a record low of 48,926.000 HKD mn in 2003. Hong Kong GDP: SNA08: RP: Real Estate 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.A123: SNA 2008: GDP: by Industry: Current Price (Annual).

The Hong Kong self-storage market, while lacking precise figures in the provided data, exhibits robust growth potential mirroring global trends. Considering a global CAGR of 8% and the high population density, limited living space, and thriving e-commerce sector in Hong Kong, we can infer significant market expansion. The industry is driven by increasing urbanization, a growing number of small businesses needing storage solutions, and the popularity of online retail, leading to a surge in demand for personal and business storage. Key players like Storefriendly Self Storage Group, SC Storage, and Apple Storage (Tai Yau Storage Group Limited) are likely vying for market share, offering various storage unit sizes and services to cater to diverse needs. However, land scarcity and high real estate costs in Hong Kong represent significant restraints, limiting the expansion of storage facilities and potentially driving up prices. Market segmentation reveals a likely split between personal and business users, with the latter segment potentially experiencing faster growth due to the increasing number of startups and SMEs in the region. Future growth will hinge on innovative solutions to optimize space utilization, technological advancements in facility management (e.g., smart access systems), and the ability to navigate the challenges posed by Hong Kong's unique real estate landscape. The Hong Kong self-storage market is poised for continued growth, fueled by factors such as population density, increasing urbanization, and the flourishing e-commerce sector. While precise market sizing data for Hong Kong is unavailable, a reasonable estimation can be made based on comparable markets and regional growth trends. Competitive pressures among existing players will likely lead to further innovation in storage solutions and service offerings. The industry's success will depend on effectively managing challenges associated with limited land availability and high real estate costs. Future analysis should focus on obtaining precise market size data for Hong Kong to create a more precise growth projection, alongside a detailed competitive analysis of the major players and their market strategies. 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: Growing Population Density is the Key Driver of the Market. Notable trends are: Personal Segment is Expected to Drive the Market.

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.