|Last Updated: Apr. 15, 2013|
|COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|75 sq. m.||1,798,800||n.a.||n.a.||23,984||n.a.|
|120 sq. m.||2,737,680||6,431||2.82%||22,814||53.59|
|175 sq. m.||4,649,575||9,525||2.46%||26,569||54.43|
|250 sq. m.||7,807,250||13,790||2.12%||31,229||55.16|
|THE PEAK -
|200 sq. m.||8,572,600||12,500||1,75%||42,863||62.50|
|500 sq. m.||13,761,650||22,040||1.92%||39,319||62.97|
|HONG KONG ISLAND - Apartments|
|75 sq. m.||1,911,600||4,673||2.93%||25,488||62.30|
|120 sq. m.||3,010,680||6,493||2.59%||25,089||54.11|
|175 sq. m.||4,940,250||10,029||2.44%||28,230||57.31|
|300 sq. m.||9,880,800||18,141||2.20%||32,936||60.47|
|NEW TERRITORIES - Apartments|
|75 sq. m.||811,350||2,711||4.01%||10,818||36.14|
|120 sq. m.||1,644,960||4,368||3.19%||13,708||36.40|
|200 sq. m.||3,086,400||9,048||3.52%||15,432||45.24|
|KOWLOON TONG -
|75 sq. m.||1,144,275||3,242||3.40%||15,257||43.22|
|120 sq. m.||2,042,280||5,110||3.00%||17,019||42.58|
|200 sq. m.||4,840,400||9,138||2.27%||24,202||45.69|
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
The mood in Hong Kong´s property market has changed substantially since the year 2012, a bumper year for price rises. During the year to February 2013 prices rose no less than 30.58% (25.09% adjusted for inflation). From then the market began to slow. Over the past year to May prices have risen marginally in nominal terms. But in inflation-adjusted terms there has been a slight decline over the past year in residential property prices.
Rental yields are low. In Hong Kong gross rental yields range from 2% on the Peak, to around 4% for a small New Territories apartment. iven that the Global Property Guide’s figures are for gross rental yields, i.e., do not make any allowance for periods when the apartment is vacant, for legal costs, administration costs, cleaning and repairs, rental taxes, property taxes, and other taxes, etc, it is safe to say that landlords of high-end apartments in Hong Kong earn very little on their apartments.
Hong Kong is not a ‘typical’ market. It is a place where the rich choose to park assets in the form of apartments, as part of a diversified asset-safeguard strategy - like Monaco and Singapore. Such markets typically have lower rental yields than more ‘normal’ housing markets.
Round trip transaction costs are high for foreign buyers in Hong Kong (though the surcharge is unlikely to be permanent). See our Property transaction costs analysis for Hong Kong and Property transaction costs in Hong Kong, compared to the rest of Asia.
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