Hong Kong Property Market Index

As a property investor it is important to gather and analyse objective data on the property market and the overall macro-economy. Macro-economic data is widely available in the form of interest rates, inflation or CPI rates and GDP growth rates. When looking at the property market, we can make use of a property index to follow the general trend in property prices.

Fortunately, the boffins at The University of Hong Kong have constructed a series of property indices for Hong Kong known as The University of Hong Kong Real Estate Index Series or HKU-REIS. The set comprises a composite index called All Residential Price index (HKU-ARPI) and the three constituent indices known as Hong Kong Island Residential Price Index (HKU-HRPI), Kowloon Residential Price Index (HKU-KRPI) and New Territories Residential Price Index (HKU-NRPI).

The University has made available for download the Index construction method (pdf) and it shows which property transactions are included and the rationale behind the methods used.

Downloading the data into a spreadsheet it is interesting to note the reaction of property prices to major events in Hong Kong’s recent history including the Handover, the Asian Financial Crisis and SARS.


 
 
 
 
  • Good day,

    My name is Chris van Beek and I work on the property derivative desk at GFI Colliers. I saw your comment and I was wondering if you have been involved yourself in the global property derivative market?

    I look forward hearing from you.

    Kind regards,

    Chris van Beek

    Chris van Beek – Vice President
    GFI Colliers | Asia Pacific Property Derivatives
    E-mail chris.vanbeek@gficolliers.com
    Dir (852) 3405 2702
    Gen (852) 2822 0638
    Fax (852) 2810 5970
    Mob (852) 9745 7149
    http://www.gfigroup.com/markets/commodities/Property-Asia.aspx

  • Thanks for dropping by Chris. I understand GFI Colliers have taken the lead with introducing products based upon this Property Index.

    I’m working in Commercial Property in Hong Kong but coming from a finance background I’m looking forward to see how the property derivatives market develops in HK and Asia.

    Cheers,
    Mike

  • The property market has changed a great deal in the last 6 years. Certainly in the UK property market has changed a great deal. Estate agents in Peterborough are finding that property prices are on the rise at the moment.