Hong Kong real estate market — prices, rental yield and trend
- Average price: $17,515 / m²
- Gross rental yield: 3.65%
- 12-month price change (USD): 9.94%
- Net rental yield: 3.21%
- Price basis: regional average
Residential property in Hong Kong averages $17,515 per square metre, +9.9% in dollar terms over the last twelve months. That makes it the 4th most expensive of the 236 markets in the set.
What a buyer pays in Hong Kong
The $17,515 figure is a regional average across all residential property types, which flattens a wide spread — the capital typically runs far above it and small towns far below.
What it earns
A square metre lets for about $53.3 a month. Against a purchase price of $17,515 per square metre that is 3.7% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 231st of 269 markets by gross yield. Rental income is taxed at 12%, which takes the yield down to 3.2% net. The 0.4-point difference between the gross and net figure is the part most listing sites leave out.
How the tax works. Property tax at the standard rate of 15% on the net assessable value, which is the rent less a 20% notional allowance for repairs and outgoings (0.80 × 15% = 12% of gross rent); irrecoverable rent and rates paid by the owner are also deductible. Same rule for residents and non-residents. Source: PwC Tax Summaries Hong Kong SAR, Individual – Other taxes, retrieved 2026-10-17.
Hong Kong house price index, 2016–2026 (2016 = 100)
| Year | Index |
|---|---|
| 2016 | 100 |
| 2017 | 116.7 |
| 2018 | 131.9 |
| 2019 | 133.8 |
| 2020 | 133.2 |
| 2021 | 137.3 |
| 2022 | 129.2 |
| 2023 | 117.9 |
| 2024 | 104.4 |
| 2025 | 101.4 |
| 2026 | 110 |
Rebased to 100 in 2016, the index stands at 110 in 2026.
How this figure is built
The price figure for Hong Kong is built from recorded transaction prices. It was last refreshed on 2026-10-17. We rate our confidence in this market’s data high: the underlying series is official and current. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.
Sources: RVD Monthly Supplement · rvd.gov.hk · stats.bis.org ; PwC Tax Summaries HK · taxsummaries.pwc.com. Snapshot: 2026-10-17.