Average price, Class B
HK$ per square metreSmall flats yield more, but only on Hong Kong Island and in Kowloon
Gross rental yield at September 2026, from the same two published series: annual rent divided by price, per square metre. Class A is the highest yielding class in 98 per cent of the 333 months on Hong Kong Island and 94 per cent in Kowloon. In the New Territories it is the highest in only 30 per cent, and Class D has sat above Class C in 83 per cent of months. Size and yield are related regionally, not territory wide, which is the kind of structure a single territory level index hides.
A figure marked † rests on fewer than 20 transactions in the month. Every Class E figure above is marked, and Kowloon Class E is thin in 305 of 333 months, so treat the large flat rows as indicative rather than as a reading of the market. Yield here divides one published average by another; the flats that sold in a month are not the flats that were let, so this is a market wide ratio and not the yield on any particular property.
Most recent twelve months
Reading the figures. Classes are defined by saleable area: A under 40 m², B 40 to 69.9 m², C 70 to 99.9 m², D 100 to 159.9 m², E 160 m² and above. A figure marked † is based on fewer than 20 transactions that month and should be read as indicative only, following RVD's own footnote. Class E is thinly traded throughout: the Kowloon Class E price series is marked in 305 of its 333 months and is missing entirely in 28 of them. Four of the 30 series carry gaps where RVD published nothing; those months are left blank rather than interpolated.
On the yield figures. Gross yield here is one published average divided by another, annual rent over price, per square metre. The flats that transacted in a given month are not the flats that were let in that month, so it is a market wide ratio rather than the return on any particular property, and it carries the transaction thinness of both series it is built from. It is shown because the relationship between unit size and yield is a real and regionally uneven feature of this market, not because it is a substitute for an income analysis of a specific asset.
What this page is not. These are published market averages, not a valuation. They describe a class of property across a region and say nothing about any individual flat, whose value depends on building, floor, aspect, condition and the specific transactions around it. Nothing here is a certified valuation, a formal appraisal, or an offer. QPV is a software model and Quantitative Property Valuation Limited is not an RICS regulated firm or a member of the Hong Kong Institute of Surveyors.
Source and attribution. Data published by the Rating and Valuation Department of the Government of the Hong Kong Special Administrative Region, obtained via DATA.GOV.HK. The Government of the Hong Kong Special Administrative Region and the relevant organisations own the intellectual property rights in the data and in all copies of it.
Source files: Private domestic, average prices by class (his_data_2) and Private domestic, average rents by class (his_data_1), both retrieved 2 November 2026. Gross yield is computed by QPV as annual rent divided by price and is not published by RVD. Figures are reproduced without adjustment.
These are averages. A valuation is not.
Published averages describe a class of property across a region. QPV values a specific flat from Land Registry transactions, and returns the comparables and the confidence range behind the figure so it can be checked rather than trusted.