Average gross rental yields in Hong Kong stands at 3.08% (Q2, 2023).

• New Territories
• Kowloon
• Hong Kong Island
• Outlying islands

		Last Updated: Aug. 08, 2023
NEW TERRITORIES - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
ShaTin
1-Bedroom	$614,255	$1,664	3.25%
2-Bedroom	$793,412	$1,984	3.00%
3-Bedroom	$1,200,356	$3,174	3.17%
4+Bedroom	$3,711,121	$7,141	2.31%
Tai Wai
1-Bedroom	$566,906	$1,856	3.93%
2-Bedroom	$793,412	$1,920	2.90%
3-Bedroom	$1,661,047	$3,263	2.36%
4+Bedroom	$2,329,049	$4,031	2.08%
Fotan
2-Bedroom	$900,907	$2,687	3.58%
3-Bedroom	$1,649,529	$3,647	2.65%
4+Bedroom	$7,088,241	$6,066	1.03%
Yuen Long
Studio	$534,913	$1,216	2.73%
1-Bedroom	$607,856	$1,510	2.98%
2-Bedroom	$761,420	$1,651	2.60%
3-Bedroom	$1,190,118	$2,687	2.71%
4+Bedroom	$1,893,952	$3,775	2.39%
Tuen Mun Castle Peak Road
Studio	$432,538	$1,081	3.00%
1-Bedroom	$575,864	$1,510	3.15%
2-Bedroom	$755,021	$1,792	2.85%
3-Bedroom	$1,033,995	$2,943	3.42%
4+Bedroom	$1,343,682	$3,647	3.26%
Tseung Kwan
1-Bedroom	$895,788	$2,080	2.79%
2-Bedroom	$959,773	$2,239	2.80%
3-Bedroom	$1,277,132	$3,103	2.92%
4+Bedroom	$2,367,439	$4,863	2.46%
Tai Po
Studio	$537,473	$1,536	3.43%
1-Bedroom	$716,630	$1,894	3.17%
2-Bedroom	$875,313	$2,175	2.98%
3-Bedroom	$1,407,667	$3,807	3.25%
4+Bedroom	$2,558,114	$6,207	2.91%
Tai Wo
2-Bedroom	$634,730	$1,619	3.06%
3-Bedroom	$1,092,861	$2,176	2.39%
Ma On Shan
1-Bedroom	$694,236	$1,830	3.16%
2-Bedroom	$921,382	$2,112	2.75%
3-Bedroom	$1,329,605	$2,918	2.63%
4+Bedroom	$2,270,182	$4,786	2.53%
Tuen Mun
Studio	$435,097	$1,152	3.18%
1-Bedroom	$523,396	$1,408	3.23%
2-Bedroom	$586,101	$1,600	3.28%
3-Bedroom	$767,818	$2,176	3.40%
New Territories avg. Rental Yields			2.89%
KOWLOON - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Hung Hom
Studio	$470,943	$1,568	4.00%
1-Bedroom	$726,890	$1,964	3.24%
2-Bedroom	$675,701	$2,495	4.43%
3-Bedroom	$1,348,842	$3,583	3.19%
4+Bedroom	$2,155,076	$5,503	3.06%
Tai Kok Tsui
Studio	$569,483	$1,699	3.58%
1-Bedroom	$701,295	$1,984	3.39%
2-Bedroom	$806,234	$2,112	3.14%
3-Bedroom	$1,098,014	$2,623	2.87%
Olympic
2-Bedroom	$1,215,749	$2,662	2.63%
3-Bedroom	$2,047,578	$4,274	2.50%
Kowloon Station
1-Bedroom	$1,804,428	$3,174	2.11%
2-Bedroom	$2,623,459	$4,863	2.22%
3-Bedroom	$3,327,314	$6,015	2.17%
4+Bedroom	$6,757,007	$8,318	1.48%
To Kwa Wan
Studio	$545,807	$1,536	3.38%
1-Bedroom	$688,498	$1,868	3.26%
2-Bedroom	$662,903	$1,939	3.51%
3-Bedroom	$894,536	$2,662	3.57%
Ho Man Tin
1-Bedroom	$851,025	$2,176	3.07%
2-Bedroom	$1,279,736	$2,918	2.74%
3-Bedroom	$1,748,120	$4,223	2.90%
4+Bedroom	$4,581,456	$7,231	1.89%
Sham Shui Po
Studio	$403,117	$1,408	4.19%
1-Bedroom	$683,379	$2,022	3.55%
2-Bedroom	$803,674	$2,432	3.63%
3-Bedroom	$1,041,705	$3,071	3.54%
Cheung Sha Wan
Studio	$573,322	$1,792	3.75%
1-Bedroom	$614,273	$2,048	4.00%
2-Bedroom	$739,688	$2,406	3.90%
3-Bedroom	$1,149,203	$5,349	5.59%
Lai Chi Kok
2-Bedroom	$1,034,027	$2,368	2.75%
3-Bedroom	$1,394,912	$3,455	2.97%
Kowloon avg. Rental Yields			3.22%
Hong Kong Island (all locations)
Studio	$703,855	$1,920	3.27%
1-Bedroom	$787,038	$2,304	3.51%
2-Bedroom	$998,194	$2,559	3.08%
3-Bedroom	$1,574,075	$4,095	3.12%
4+Bedroom	$4,325,508	$6,783	1.88%
Hong Kong Island avg. Rental Yields			2.97%
OUTLYING ISLANDS - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Outlying Islands (all locations)
1-Bedroom	$729,427	$1,702	2.80%
2-Bedroom	$843,320	$2,022	2.88%
3-Bedroom	$1,160,045	$2,879	2.98%
4+Bedroom	$1,298,892	$4,607	4.26%
Outlying Islands avg. Rental Yields			3.23%
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).