Divide a property's total price by its area to get the price per square foot (or per square meter) for easy comparison across listings.
Input Data
Results
At a glance:The price per square foot is the total price divided by the area, giving a comparable unit price across properties.
Formula
pricePerArea = totalPrice / area
$$\text{Price per sq ft} = \dfrac{\text{Total Price}}{\text{Area (sq ft)}}$$$$\text{Saleable Price/ft}^2 > \text{Gross Price/ft}^2 \quad (\because \text{Saleable} < \text{Gross})$$How to Use
- Enter the property total price.
- Enter the area (square feet, or square meters for a per-sqm result).
- Review the unit price.
FAQ
Why compare price per sq ft instead of total price?
Total price conflates size and value — two flats at HK$8m, one 300 sq ft and one 600 sq ft, are plainly different in cost per unit. Price per sq ft strips out size so properties can be compared fairly on unit cost. It is the standard benchmark for property valuation and decision-making.
Why does price per sq ft differ so much across Hong Kong districts?
It reflects location, transport, schools, age, facilities and other factors. Prime districts (Central, Mid-Levels, Tsim Sha Tsui) can reach tens of thousands per sq ft; the New Territories and outlying islands are far lower. The same building's price per sq ft also varies by floor, view and orientation, so compare 'apples with apples'.
Is a higher or lower price per sq ft better?
It depends on your goal. For a buyer, a lower price per sq ft means better value per unit area; for a seller, a higher one means a better price. In investment, weigh it against rental yield — a low price per sq ft with decent rent may mean a higher return.
How do I compare value across different areas with this metric?
Convert a target property to price per sq ft, then compare with recent transactions of similar buildings in the district to judge whether it is high or low. For a cross-district move, compare several areas' price per sq ft against commuting and living needs to find the sweet spot. Note that the figure is a unit benchmark, not the whole picture — factor in age, orientation, the rateable value and management fees. For a full affordability view, pair it with the mortgage and DSR calculators.
What pitfalls should I watch when using price per sq ft?
Several. First, the area basis differs — some quotes use saleable area, some GFA; the price per saleable sq ft is the real comparison, so confirm the basis. Second, special units (corner, sea-view, low-floor, odd layouts) distort the average, so compare like with like. Third, transaction costs (stamp duty, agent fee, legal) are not in the price per sq ft. Fourth, the per-sqft level varies widely by building age and class — new luxury vs old tenement differ sharply; compare within the same class. Fifth, watch 'promotional' per-sqft figures that hide parking or non-habitable areas. Overall, use price per sq ft as a unit benchmark, validate against recent same-district transactions, and combine with yield and total cost for a complete picture.
Content review: Calculatorism Finance Team. Results are for reference only; please refer to the relevant authorities for the official figures.