Last Updated: Oct. 07, 2022
NEW TERRITORIES - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
ShaTin
Studio	$528,666	$1,592	3.61%
1-Bedroom	$600,641	$1,656	3.31%
2-Bedroom	$737,584	$1,911	3.11%
3-Bedroom	$1,248,416	$3,185	3.06%
4+Bedroom	$4,201,300	$9,045	2.58%
Tai Wai
Studio	$554,144	$1,631	3.53%
1-Bedroom	$585,991	$1,720	3.52%
2-Bedroom	$698,094	$1,783	3.06%
3-Bedroom	$1,528,672	$3,185	2.50%
4+Bedroom	$2,277,721	$4,076	2.15%
Fotan
1-Bedroom	$1,286,632	$1,885	1.76%
2-Bedroom	$876,439	$2,140	2.93%
3-Bedroom	$1,640,775	$3,796	2.78%
4+Bedroom	$3,821,680	$5,924	1.86%
Yuen Long
Studio	$503,188	$1,217	2.90%
1-Bedroom	$705,482	$1,376	2.34%
2-Bedroom	$812,744	$1,656	2.45%
3-Bedroom	$1,168,670	$2,420	2.48%
4+Bedroom	$1,870,076	$3,822	2.45%
Hung Shui Kiu
2-Bedroom	$738,858	$1,631	2.65%
3-Bedroom	$945,866	$2,102	2.67%
4+Bedroom	$2,108,294	$2,395	1.36%
Tuen Mun Castle Peak Road
Studio	$540,131	$1,083	2.41%
1-Bedroom	$697,457	$1,401	2.41%
2-Bedroom	$789,814	$1,758	2.67%
3-Bedroom	$1,031,854	$2,930	3.41%
4+Bedroom	$1,464,977	$3,567	2.92%
Tseung Kwan
1-Bedroom	$891,725	$2,070	2.79%
2-Bedroom	$917,203	$2,038	2.67%
3-Bedroom	$1,230,581	$2,803	2.73%
4+Bedroom	$2,038,229	$4,955	2.92%
Tai Po
Studio	$585,991	$1,465	3.00%
1-Bedroom	$782,171	$1,847	2.83%
2-Bedroom	$913,636	$2,038	2.68%
3-Bedroom	$1,477,716	$3,414	2.77%
4+Bedroom	$2,802,565	$6,293	2.69%
Tai Wo
2-Bedroom	$721,660	$1,752	2.91%
3-Bedroom	$1,222,938	$3,344	3.28%
Ma On Shan
Studio	$484,079	$1,401	3.47%
1-Bedroom	$891,725	$1,879	2.53%
2-Bedroom	$968,159	$2,166	2.68%
3-Bedroom	$1,299,371	$2,930	2.71%
4+Bedroom	$3,375,818	$4,140	1.47%
Tuen Mun
Studio	$476,436	$1,045	2.63%
1-Bedroom	$571,978	$1,376	2.89%
2-Bedroom	$617,838	$1,529	2.97%
3-Bedroom	$828,031	$1,720	2.49%
New Territories avg. Rental Yields			2.72%
KOWLOON - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Hung Hom
Studio	$509,557	$1,465	3.45%
1-Bedroom	$749,049	$1,911	3.06%
2-Bedroom	$721,661	$2,293	3.81%
3-Bedroom	$1,337,588	$2,994	2.69%
4+Bedroom	$2,522,309	$4,943	2.35%
Tai Kok Tsui
Studio	$604,845	$1,720	3.41%
1-Bedroom	$713,380	$1,847	3.11%
2-Bedroom	$847,139	$1,885	2.67%
3-Bedroom	$1,070,070	$2,471	2.77%
4+Bedroom	$1,566,889	$3,312	2.54%
Olympic
1-Bedroom	$1,388,544	$2,535	2.19%
2-Bedroom	$1,273,893	$2,548	2.40%
3-Bedroom	$2,140,141	$4,076	2.29%
4+Bedroom	$3,949,070	$7,070	2.15%
Kowloon Station
1-Bedroom	$1,719,756	$2,981	2.08%
2-Bedroom	$2,675,176	$4,045	1.81%
3-Bedroom	$3,286,645	$5,096	1.86%
4+Bedroom	$7,758,011	$7,822	1.21%
To Kwa Wan
Studio	$581,532	$1,611	3.32%
1-Bedroom	$761,788	$1,838	2.90%
2-Bedroom	$787,266	$1,949	2.97%
3-Bedroom	$1,184,084	$2,548	2.58%
4+Bedroom	$1,719,756	$3,312	2.31%
Ho Man Tin
Studio	$749,049	$1,529	2.45%
1-Bedroom	$889,178	$1,975	2.67%
2-Bedroom	$1,322,301	$2,866	2.60%
3-Bedroom	$2,017,847	$4,688	2.79%
4+Bedroom	$4,426,780	$7,006	1.90%
Sham Shui Po
Studio	$456,054	$1,783	4.69%
1-Bedroom	$825,483	$2,140	3.11%
2-Bedroom	$700,641	$2,140	3.67%
3-Bedroom	$1,337,588	$3,032	2.72%
4+Bedroom	$4,433,149	$6,752	1.83%
Cheung Sha Wan
Studio	$482,806	$1,567	3.89%
1-Bedroom	$611,469	$1,631	3.20%
2-Bedroom	$698,094	$2,166	3.72%
3-Bedroom	$1,309,562	$3,140	2.88%
Lai Chi Kok
2-Bedroom	$1,028,669	$2,166	2.53%
3-Bedroom	$1,335,040	$2,904	2.61%
Kowloon avg. Rental Yields			2.75%
HONG KONG ISLAND - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
City Center
Studio	$622,934	$1,503	2.90%
1-Bedroom	$876,439	$2,229	3.05%
2-Bedroom	$1,271,346	$2,484	2.34%
3-Bedroom	$1,974,535	$4,650	2.83%
Hong Kong Island (all locations)
Studio	$686,629	$1,847	3.23%
1-Bedroom	$852,235	$2,229	3.14%
2-Bedroom	$1,016,567	$2,497	2.95%
3-Bedroom	$1,566,889	$3,631	2.78%
4+Bedroom	$3,414,034	$7,389	2.60%
Hong Kong Island avg. Rental Yields			2.87%
OUTLYING ISLANDS - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
City Center
1-Bedroom	$611,468	$1,847	3.62%
2-Bedroom	$866,248	$2,293	3.18%
3-Bedroom	$1,464,977	$3,185	2.61%
Outlying Islands (all locations)
1-Bedroom	$707,010	$1,656	2.81%
2-Bedroom	$876,349	$1,847	2.53%
3-Bedroom	$1,258,607	$2,548	2.43%
4+Bedroom	$2,191,097	$3,981	2.18%
Outlying Islands avg. Rental Yields			2.77%
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 Definitions: Data FAQ See also: Update Schedule

Get updated rental yields data for 75 countries

Hong Kong´s property market is in a select band of cities where gross rental yields - the percentage return to owners on renting out their property - is only just around 2% to 3%. This is due to the continuous rise in Hong Kong´s residential property prices.
Effectively, this means that landlords are unlikely to make any profit on their apartments, once empties, administration costs, cleaning, repairs, and other costs are taken into account. Or, if nothing, then very little. Other such cities are Monaco and Taipei.

That´s not to say rents are low. In Kowloon, you will pay US$1,885 to US$4,045 per month for a two-bedroom apartment. But if you want to buy it, it is likely to cost you USD$698,094 to USD$2,675,176.

Hong Kong is not a ´typical´ market. How could it be, when Hong Kong is the most expensive city in the world in which to buy a home? 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.