| Competition: | Hong Kong First Division |
| Season: | 1997–98 |
| Winners: | Instant-Dict |
| Relegated: | Five-One-Seven |
| Matches: | 56 |
| Total Goals: | 185 |
| Prevseason: | 1996–97 |
| Nextseason: | 1998–99 |
The 1997–98 Hong Kong First Division League season was the 87th since its establishment. The season began on 7 September 1997 and ended on 16 April 1998.
Teams take points and goals halved from first phase. GF and GA is rounded.
No final was played as Instant-Dict granted the champion in both stages, and automatically became the overall champion. The runner-up in the Champion Playoff, South China, was awarded the overall runners-up.