Gross rental yields in Hong Kong: Kowloon and 3 other areas

Average gross rental yields in Hong Kong stands at 3.39% (Q1, 2024).

  • New Territories
  • Kowloon
  • Hong Kong Island
  • Outlying islands
  Last Updated: Jan. 22, 2024
NEW TERRITORIES - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
ShaTin  
1-Bedroom $575,548 $1,535 3.20%
2-Bedroom $677,867 $1,864 3.30%
3-Bedroom $970,758 $2,814 3.48%
4+Bedroom $3,821,640 $7,546 2.37%
Tai Wai  
1-Bedroom $713,680 $1,662 2.79%
2-Bedroom $639,498 $2,033 3.81%
3-Bedroom $1,342,946 $3,357 3.00%
Fotan  
2-Bedroom $660,601 $2,558 4.65%
3-Bedroom $1,547,585 $3,709 2.88%
Yuen Long  
1-Bedroom $454,044 $883 2.33%
2-Bedroom $657,403 $1,509 2.75%
3-Bedroom $943,899 $1,816 2.31%
4+Bedroom $1,598,745 $3,965 2.98%
Tuen Mun Castle Peak Road  
2-Bedroom $665,078 $1,726 3.11%
3-Bedroom $959,247 $2,942 3.68%
4+Bedroom $1,148,538 $4,476 4.68%
Tseung Kwan  
2-Bedroom $805,767 $2,238 3.33%
3-Bedroom $1,048,776 $3,102 3.55%
4+Bedroom $2,321,377 $4,988 2.58%
Tai Po  
2-Bedroom $633,103 $1,854 3.51%
3-Bedroom $1,149,817 $3,134 3.27%
4+Bedroom $2,187,083 $5,755 3.16%
Ma On Shan  
2-Bedroom $765,479 $1,918 3.01%
3-Bedroom $997,617 $2,916 3.51%
Tuen Mun  
1-Bedroom $447,648 $1,100 2.95%
2-Bedroom $479,623 $1,407 3.52%
3-Bedroom $624,150 $1,663 3.20%
New Territories avg. Rental Yields

3.22%

KOWLOON - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Hung Hom  
Studio $409,279 $1,534 4.50%
1-Bedroom $624,150 $1,917 3.69%
2-Bedroom $686,820 $2,493 4.36%
3-Bedroom $1,258,532 $3,938 3.75%
Tai Kok Tsui      
1-Bedroom $664,868 $1,534 2.77%
2-Bedroom $740,305 $1,892 3.07%
Olympic  
2-Bedroom $1,118,769 $2,666 2.86%
3-Bedroom $1,790,030 $4,769 3.20%
Kowloon Station  
2-Bedroom $2,397,362 $4,475 2.24%
3-Bedroom $3,449,644 $6,393 2.22%
To Kwa Wan  
1-Bedroom $644,411 $1,917 3.57%
2-Bedroom $716,012 $1,956 3.28%
3-Bedroom $918,030 $2,557 3.34%
Ho Man Tin  
1-Bedroom $572,810 $1,725 3.61%
2-Bedroom $926,980 $2,813 3.64%
3-Bedroom $1,598,241 $4,065 3.05%
4+Bedroom $3,963,638 $7,096 2.15%
Sham Shui Po  
Studio $382,299 $1,304 4.09%
1-Bedroom $537,009 $1,291 2.88%
2-Bedroom $521,666 $1,918 4.41%
3-Bedroom $741,584 $3,171 5.13%
Cheung Sha Wan  
Studio $419,379 $1,573 4.50%
1-Bedroom $560,024 $1,790 3.84%
2-Bedroom $607,332 $2,161 4.27%
3-Bedroom $1,186,534 $4,462 4.51%
Lai Chi Kok  
2-Bedroom $956,387 $2,404 3.02%
3-Bedroom $1,316,950 $3,132 2.85%
Kowloon avg. Rental Yields 3.51%
HONG KONG ISLAND - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Hong Kong Island (all locations)  
Studio $549,742 $1,534 3.35%
1-Bedroom $677,589 $2,173 3.85%
2-Bedroom $815,664 $2,429 3.57%
3-Bedroom $1,403,760 $4,193 3.58%
4+Bedroom $3,138,644 $7,799 2.98%
Hong Kong Island avg. Rental Yields 3.47%
OUTLYING ISLANDS - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Outlying Islands (all locations)  
1-Bedroom $639,498 $1,726 3.24%
2-Bedroom $754,607 $2,046 3.25%
3-Bedroom $1,013,604 $3,133 3.71%
4+Bedroom $1,886,519 $5,052 3.21%
Outlying Islands avg. Rental Yields 3.35%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide and 28hse

Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the largest areas of Hong Kong. We utilized the local property websites for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).

For instance, if the monthly rent is $500 and the purchase price is $100,000, the calculation would be: $500 (Monthly Rent) x 12 / $100,000 (Purchase Price) = 6% (Gross Rental Yield).