Price Indices of Riviera Gardens and Hong Kong Market

The Housing Price Index for Riviera Gardens (HPI RG) presents a robust indicator of property price trends within Riviera Garden, utilizing a hedonic regression framework based on transaction data from January 1993 to April 2024. The index expresses monthly percentage movements in property values, enabling clear analysis of temporal effects and facilitating informed valuation and investment decisions.​

For comprehensive benchmarking, HPI RG is aligned with major indices published by the Rating and Valuation Department, specifically the average domestic property index and selected urban development indices for comparable asset classes. The index adopts a base level of 100 corresponding to 1999, ensuring consistency and facilitating direct comparison with official standards.

Indices of Hong Kong Average Class A, B, C and Urban Popular Development Class A, B, C with reference to Rate and Valuation Department, HKSARG and the Housing Price Index for Riviera Garden (HPI RG) analysed by Knowles Consultancy

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