Hong Kong: House Prices, Rents, and Rental Yields
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Last Updated: Apr 23, 2008
Yields stay low at around 3.6%
| Last Updated: Apr. 23, 2008 | |||||
| HONG KONG ISLAND - MID LEVELS - Apartments |
COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 50 sq. m. | 600,600 | 2,534 | 5.06% | 12,012 | 50.68 |
| 80 sq. m. | 1,232,480 | 3,985 | 3.88% | 15,406 | 49.81 |
| 100 sq. m. | 1,462,500 | 4,875 | 4.00% | 14,625 | 48.75 |
| 120 sq. m. | 1,926,240 | 5,982 | 3.73% | 16,052 | 49.85 |
| 150 sq. m. | 2,608,500 | 7,883 | 3.63% | 17,390 | 52.55 |
| 200 sq. m. | 3,926,000 | 10,842 | 3.31% | 19,630 | 54.21 |
| 250 sq. m. | 7,023,500 | 15,150 | 2.59% | 28,094 | 60.60 |
| 275 sq. m. & above | 6,046,150 | 15,375 | 3.05% | 21,986 | 55.91 |
| HONG KONG ISLAND - THE PEAK - Apartments |
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| 200 sq. m. | 5,569,800 | 13,612 | 2.93% | 27,849 | 68.06 |
| 300 sq. m. | 8,838,300 | 17,229 | 2.34% | 29,461 | 57.43 |
| KOWLOON & NEW TERRITORIES 1 - Apartments |
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| 80 sq. m. | 474,560 | n.a. | n.a. | 5,932 | n.a. |
| 120 sq. m. | 1,301,729 | 3,955 | 3.65% | 10,848 | 32.96 |
| 160 sq. m. | 1,576,800 | 6,258 | 4.76% | 9,855 | 39.11 |
| 200 sq. m. | 2,286,896 | 8,508 | 4.46% | 11,434 | 42.54 |
| 275 sq. m. | 4,163,225 | 11,622 | 3.35% | 15,139 | 42.26 |
|
1 Properties located in Gold Coast, Sai Kung, Discovery Bay, Clearwater Bay, and Kowloon Tong. Source: Global Property Guide |
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Mid-Levels apartments generate gross rental returns of up to 5%, with an average of 3.65%. Smaller units have slightly higher yields as compared to larger ones with 200 sq. m and more.
Apartment prices are most expensive at The Peak at US$28,655 per sq. m. Yields on these units are lower at 2.6%.
Kowloon and New Territories have the cheapest apartments and the highest yields at US$10,641 per sq. m and 4%, respectively.
A regular 120-sq. m apartment in Kowloon and New Territories generates a return of 3.65% and sells for US$10,848 per sq. m, while the same apartment at the Mid-Levels generates a yield of 3.7% and sells for US$16,000 per sq. m.
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