{
  "query": {
    "country": "HK",
    "town": "Kowloon",
    "premises": "retail",
    "basis": "price"
  },
  "status": "ok",
  "price": {
    "currency": "HKD",
    "unit": "per m²",
    "value": 270029,
    "measure": "average",
    "median": null,
    "typical_low": null,
    "typical_high": null,
    "min": null,
    "max": null
  },
  "sample_size": null,
  "period": {
    "from": "2025-01-01",
    "to": "2025-12-31"
  },
  "confidence": "high",
  "price_type": "official_statistic",
  "statistic": {
    "measure": "average",
    "reference_period": "2025",
    "note": "The average price per m² of private retail premises in Kowloon, for 2025: a yearly average published by the RVD, not an asking price and not a single sale."
  },
  "as_of": "2026-10-30T13:08:13.405Z",
  "source": {
    "id": "hk-rvd-commercial",
    "name": "Private offices, retail premises and flatted factories, average prices and rents, yearly (Property Market Statistics)",
    "publisher": "Rating and Valuation Department (RVD), The Government of the Hong Kong SAR, via DATA.GOV.HK",
    "licence": "DATA.GOV.HK Terms and Conditions of Use: reuse free of charge, commercial use allowed, the source must be credited.",
    "licence_url": "https://data.gov.hk/en/terms-and-conditions",
    "attribution": "Source: Rating and Valuation Department, The Government of the Hong Kong Special Administrative Region, Property Market Statistics (Private Offices, Private Retail, Private Flatted Factories), provided through DATA.GOV.HK.",
    "url": "https://data.gov.hk/en-data/dataset/hk-rvd-tsinfo_rvd-property-market-statistics"
  },
  "method": "Hong Kong commercial property: the average price (or average monthly rent) per square metre of private offices (by grade and district), retail premises or flatted factories (by region), as the Rating and Valuation Department publishes it for the newest year with a usable figure, with the change on the year before. It is a published yearly average, not a list of sales and not an asking price; no range is calculated. Cells the RVD marks with a remark are skipped.",
  "method_url": "https://proofprice.com/method",
  "summary": "The average price of private retail premises in Kowloon was HK$270,029 per m² in 2025. That is 14.5% lower than in 2024 (HK$315,922). This is an official yearly average, not an asking price. Official average published by Rating and Valuation Department (RVD), The Government of the Hong Kong SAR, via DATA.GOV.HK for 2025.",
  "notice": "Information, not a valuation or offer. Ranges describe past recorded prices.",
  "extra": {
    "country_name": "Hong Kong",
    "premises": "retail",
    "basis": "price",
    "place": "Kowloon",
    "reference_year": 2025,
    "change_on_year_earlier": {
      "year": 2024,
      "value": 315922,
      "change_percent": -14.5
    },
    "last_5_years": [
      {
        "year": 2021,
        "value": 407106
      },
      {
        "year": 2022,
        "value": 372134
      },
      {
        "year": 2023,
        "value": 371659
      },
      {
        "year": 2024,
        "value": 315922
      },
      {
        "year": 2025,
        "value": 270029
      }
    ],
    "what_this_is": "Yearly average price or monthly rent per square metre of private commercial premises, from the Rating and Valuation Department's property market statistics. Not an asking price and not a single sale.",
    "dataset": {
      "name": "Property Market Statistics (Private Offices, Retail, Flatted Factories)",
      "url": "https://data.gov.hk/en-data/dataset/hk-rvd-tsinfo_rvd-property-market-statistics",
      "file": "https://www.rvd.gov.hk/datagovhk/3.1A(from_99).csv"
    },
    "regions_available": [
      "Hong Kong",
      "Kowloon",
      "New Territories"
    ]
  },
  "answer_id": "ans_3816979ebddd4ed8ed1d",
  "method_version": "1",
  "retrieved_at": "2026-10-30T13:08:13.405Z",
  "evidence": {
    "type": "official_statistic",
    "label": "Official published average",
    "meaning": "One average or median that a statistics office or regulator publishes for a reference period: it describes a group, not a distribution, and says nothing about any single price."
  },
  "reliability": "official_median_no_count",
  "data_as_of": "2025-12-31",
  "data_age_days": 303,
  "suggestions": [
    "This is one published figure (an average, median, index or listed price) with no record count: use it as a reference point, not as a range of what individuals paid.",
    "For a decision on a specific job or purchase, ask for an itemised quote."
  ]
}