Gross rental yields in Hong Kong: Kowloon and 3 other areas
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 | $2,176 | 3.40% |
| New Territories avg. Rental Yields |
2.89% |
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| KOWLOON - Apartments | COST ($) | 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 |
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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).
