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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
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
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

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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