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%

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).