Property Price Indices (RVD)

Source

Rating and Valuation Department (RVD)

Department URL: https://www.rvd.gov.hk/en/
Publication: Property Market Statistics
Download: https://www.rvd.gov.hk/en/publications/pro-review.html

Format

XLSX Monthly (residential), quarterly (commercial). Free download.

Monthly

Residential Index

Quarterly

Commercial Index

1999

Base Year

Schema / Fields

Residential Price Index

Field	Type	Example	Description
`YEAR`	integer	`2023`	Year
`MONTH`	integer	`10`	Month
`CLASS`	string	`"Class A"`	Flat class by size
`INDEX`	float	`368.4`	Price index (base 1999=100)
`YOY_PCT`	float	`-7.2`	Year-on-year change
`DISTRICT_CODE`	string	`"C"`	District group code

Flat Size Classes

Class	Floor Area
Class A	< 40 m²
Class B	40–69.9 m²
Class C	70–99.9 m²
Class D	100–159.9 m²
Class E	≥ 160 m²

Example API Call

# Download RVD property price index
curl -L -o property_prices.xlsx \
  "https://www.rvd.gov.hk/doc/en/statistics/price_index_all.xlsx"

# CKAN search
curl "https://data.gov.hk/en-data/api/3/action/package_search?q=property+price+index+rvd"

Example Response

YEAR | MONTH | CLASS   | INDEX | YOY    | DISTRICT_GROUP
2023 | 10    | Class A | 368.4 | -7.2%  | Urban (HKI/KLN)
2023 | 10    | Class B | 341.2 | -6.8%  | Urban
2023 | 10    | Class C | 318.7 | -5.9%  | Urban
2023 | 10    | Class D | 289.4 | -4.1%  | Urban

Used By

Model	How
Site Rating	Property price level as area quality proxy — high prices indicate affluent catchment

Notes / Gotchas

Residential prices primarily relevant as area quality proxy, not direct operational metric
Central & Western has the highest Class D/E prices in HK — reflects the premium customer profile
Price indices don’t distinguish between new developments and older stock — Sheung Wan has a wide mix
For commercial (shop) prices, use RVD’s separate commercial property statistics table