Gross rental yields in Hong Kong: Kowloon and 3 other areas
Average gross rental yield in Hong Kong stands at 3.90% (Q2, 2025). Previously, in Q4 2024, the rental yield was 3.88%.
Cities and areas compared
- New Territories
- Kowloon
- Hong Kong Island
- Outlying islands
Historical rental yields in Hong Kong
View the full rental yield dataset (2023 - Present)
| Last Updated: June 13, 2025 Next Update: December 2025 |
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| NEW TERRITORIES - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Sha Tin | |||
| 1-Bedroom | $507,203 | $1,847 | 4.37% |
| 2-Bedroom | $611,702 | $1,886 | 3.70% |
| 3-Bedroom | $1,080,674 | $3,313 | 3.68% |
| 4+Bedroom | $3,440,826 | $8,410 | 2.93% |
| Tai Wai | |||
| 1-Bedroom | $629,543 | $2,293 | 4.37% |
| 2-Bedroom | $623,171 | $2,293 | 4.42% |
| 3-Bedroom | $1,322,806 | $4,078 | 3.70% |
| 4+Bedroom | $2,002,688 | $4,651 | 2.79% |
| Fotan | |||
| 2-Bedroom | $1,002,299 | $2,790 | 3.34% |
| 3-Bedroom | $1,515,237 | $4,715 | 3.73% |
| Yuen Long | |||
| 1-Bedroom | $465,148 | $1,688 | 4.35% |
| 2-Bedroom | $605,330 | $1,886 | 3.74% |
| 3-Bedroom | $1,066,018 | $2,676 | 3.01% |
| 4+Bedroom | $1,433,677 | $3,937 | 3.30% |
| Tuen Mun Castle Peak Road | |||
| 1-Bedroom | $430,740 | $1,401 | 3.90% |
| 2-Bedroom | $556,712 | $1,847 | 3.98% |
| 3-Bedroom | $745,512 | $2,701 | 4.35% |
| 4+Bedroom | $1,248,892 | $4,205 | 4.04% |
| Tseung Kwan | |||
| 1-Bedroom | $637,190 | $2,020 | 3.80% |
| 2-Bedroom | $815,603 | $2,357 | 3.47% |
| 3-Bedroom | $1,121,454 | $3,313 | 3.55% |
| 4+Bedroom | $1,917,941 | $4,301 | 2.69% |
| Tai Po | |||
| 2-Bedroom | $683,704 | $1,847 | 3.24% |
| 3-Bedroom | $1,076,851 | $3,185 | 3.55% |
| 4+Bedroom | $2,548,760 | $6,040 | 2.84% |
| Ma On Shan | |||
| 2-Bedroom | $828,347 | $2,293 | 3.32% |
| 3-Bedroom | $1,182,624 | $3,568 | 3.62% |
| Tuen Mun | |||
| 1-Bedroom | $422,966 | $1,530 | 4.34% |
| 2-Bedroom | $458,776 | $1,745 | 4.56% |
| 3-Bedroom | $624,446 | $2,293 | 4.41% |
| New Territories (all locations) | |||
| Studio | $420,545 | $1,465 | 4.18% |
| 1-Bedroom | $547,983 | $1,784 | 3.91% |
| 2-Bedroom | $637,190 | $2,039 | 3.84% |
| 3-Bedroom | $1,083,223 | $3,268 | 3.62% |
| 4+Bedroom | $2,013,520 | $5,097 | 3.04% |
| New Territories avg. Rental Yields | 3.72% | ||
| KOWLOON - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Hung Hom | |||
| Studio | $403,341 | $1,643 | 4.89% |
| 1-Bedroom | $554,355 | $2,039 | 4.41% |
| 2-Bedroom | $662,677 | $2,676 | 4.85% |
| 3-Bedroom | $1,182,624 | $3,313 | 3.36% |
| 4+Bedroom | $1,840,204 | $5,480 | 3.57% |
| Tai Kok Tsui | |||
| 1-Bedroom | $630,818 | $2,039 | 3.88% |
| 2-Bedroom | $651,590 | $2,154 | 3.97% |
| Olympic | |||
| 2-Bedroom | $1,006,760 | $2,931 | 3.49% |
| 3-Bedroom | $1,784,132 | $4,945 | 3.33% |
| Kowloon Station | |||
| 2-Bedroom | $2,242,908 | $5,224 | 2.79% |
| 3-Bedroom | $3,313,388 | $6,881 | 2.49% |
| 4+Bedroom | $4,906,363 | $11,470 | 2.81% |
| To Kwa Wan | |||
| 1-Bedroom | $573,471 | $2,013 | 4.21% |
| 2-Bedroom | $573,471 | $1,847 | 3.86% |
| 3-Bedroom | $1,094,692 | $2,376 | 2.60% |
| Ho Man Tin | |||
| 2-Bedroom | $1,121,454 | $3,370 | 3.61% |
| 3-Bedroom | $1,886,082 | $5,734 | 3.65% |
| 4+Bedroom | $3,823,140 | $10,195 | 3.20% |
| Sham Shui Po | |||
| Studio | $374,667 | $1,434 | 4.59% |
| 1-Bedroom | $509,752 | $1,912 | 4.50% |
| 2-Bedroom | $609,153 | $2,408 | 4.74% |
| Cheung Sha Wan | |||
| 1-Bedroom | $545,434 | $2,077 | 4.57% |
| 2-Bedroom | $762,079 | $2,612 | 4.11% |
| 3-Bedroom | $1,083,223 | $3,874 | 4.29% |
| Kowloon (all locations) | |||
| Studio | $433,289 | $1,631 | 4.52% |
| 1-Bedroom | $596,409 | $2,064 | 4.15% |
| 2-Bedroom | $787,566 | $2,676 | 4.08% |
| 3-Bedroom | $1,376,330 | $4,651 | 4.06% |
| 4+Bedroom | $2,395,834 | $7,646 | 3.83% |
| Kowloon avg. Rental Yields | 4.13% | ||
| HONG KONG ISLAND - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Hong Kong Island (all locations) | |||
| Studio | $522,495 | $1,892 | 4.35% |
| 1-Bedroom | $797,761 | $2,421 | 3.64% |
| 2-Bedroom | $876,773 | $2,778 | 3.80% |
| 3-Bedroom | $1,440,049 | $4,332 | 3.61% |
| 4+Bedroom | $2,839,318 | $9,749 | 3.90% |
| Hong Kong Island avg. Rental Yields | 3.90% | ||
| OUTLYING ISLANDS - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Outlying Islands (all locations) | |||
| 1-Bedroom | $591,312 | $1,975 | 4.01% |
| 2-Bedroom | $732,768 | $2,357 | 3.86% |
| 3-Bedroom | $1,064,107 | $3,249 | 3.66% |
| Outlying Islands avg. Rental Yields | 3.84% | ||
| 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:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, and 3-bedroom properties across the largest cities in Hong Kong, comparing median rental prices with median purchase prices to determine gross rental yields.
We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:
(Median Monthly Rent × 12) ÷ Median Purchase Price × 100
For example, if the median monthly rent is $500 and the median purchase price is $100,000, the yield is calculated as:
($500 × 12) ÷ $100,000 = 6% Gross Rental Yield
Note: NET yields vary from country to country, but are usually 1.5-2% lower.
