Hong Kong: House Prices, Rents, and Rental Yields
In Depth
- Overview
- Price History
- Rental Yields
- Taxes and Costs
- Tax on Rent (Example)
- Buying Guide
- Landlord and Tenant
- Inheritance
- Living There
- Useful Links
- Country Statistics
Directory
Global Statistics
Regional Statistics
- Sq. M. Prices
- Rental Yields
- Rents
- Price/Rent Ratio
- Price/GDP per Cap
- Buy/Sell Costs
- Rental Income Tax
- Capital Gains Tax
- Price Change 1 yr
- Price Change 5 yrs
- Price Change 10 yrs
- Landlord & Tenant Law
- GDP Per Capita
- GDP/Cap Growth 1 yr
- GDP/Cap Growth 5 yrs
- Economic Freedom
- Ec. Freedom 5 yrs
- Competitiveness
- Property Rights Index
- Currency +/- Value
Lower yields in mid
level apartments this year
| Last Updated: Apr. 14, 2009 | |||||
| MIDLEVELS - Apartments |
COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 50 sq. m. | n.a. | 1,879 | n.a. | n.a. | 37.58 |
| 75 sq. m. | 1,095,525 | 2,925 | 3.20% | 14,607 | 39.00 |
| 100 sq. m. | 1,456,900 | 3,716 | 3.06% | 14,569 | 37.16 |
| 120 sq. m. | 1,850,880 | 4,808 | 3.12% | 15,424 | 40.07 |
| 150 sq. m. | 2,212,950 | 5,940 | 3.22% | 14,753 | 39.60 |
| 200 sq. m. | 3,740,800 | 8,706 | 2.79% | 18,704 | 43.53 |
| 275 sq. m. | 6,475,150 | 13,525 | 2.51% | 23,546 | 49.18 |
| THE PEAK - Apartments |
|||||
| 275 sq. m. | 8,242,575 | 14,322 | 2.09% | 29,973 | 52.08 |
| HONG KONG ISLAND - Apartments (other luxury areas) |
|||||
| 120 sq. m. | 2,033,040 | 4,474 | 2.64% | 16,942 | 37.28 |
| 160 sq. m. | 3,100,480 | 7,453 | 2.88% | 19,378 | 46.58 |
| 220 sq. m. | 4,428,160 | 11,332 | 3.07% | 20,128 | 51.51 |
| 330 sq. m. | 8,029,890 | 18,183 | 2.72% | 24,333 | 55.10 |
| KOWLOON TONG - Apartments |
|||||
| 200 sq. m. | 3,321,000 | 6,962 | 2.52% | 16,605 | 34.81 |
| NEW TERRITORIES | |||||
| 70 sq. m. | 399,840 | 1,574 | 4.72% | 5,712 | 22.48 |
| 120 sq. m. | 1,179,480 | 3,068 | 3.12% | 9,829 | 25.57 |
| 180 sq. m. | 2,379,060 | 6,678 | 3.37% | 13,217 | 37.10 |
| 265 sq. m. | 3,979,770 | n.a. | n.a. | 15,018 | n.a. |
| Districts researched: Midlevels and The Peak are in Hong Kong Island. Hong Kong Island (other areas): Jardines Lookout , Repulse Bay , Tai Tam, Shouson Hill, and Stanley Beach New Territories: Clearwater Bay, Sai Kung, Discovery Bay, Gold Coast Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
|||||
Yields seem to have dropped in Hong Kong. Mid-Levels apartments generate gross rental yields of up to 3.2%, with average yields of 2.98%. These yields are lower than we found when we last surveyed Hong Kong’s residential property market, back in 2007. Then, the Global Property Guide’s research team found average Hong Kong gross rental yields to be 3.65%.
Smaller apartment sizes now have slightly higher yields than larger apartments, as is normal.
The Peak retains its special cachet, as the physical, social, and economic peak of Hong Kong society. Apartments on the Peak cost around US$30,000 per sq. m. Yields on these units are lower than the average for Hong Kong apartments, at 2.09%. The New Territories has the cheapest apartments in Hong Kong, at US$11,000 per sq. m., and its apartments also have the highest gross rental yields, at 3.74%.
It might seem that only a brave buyer would buy in Hong Kong at present low yields. But Hong Kong has experienced low yields for the past twenty years, so the risk may be lower than it appears.
RSS
Your Comments
Be the first to comment!