Gross rental yields in Hong Kong: Kowloon and 3 other areas
Average gross rental yield in Hong Kong stands at 3.46% (Q3, 2026). Previously, in Q1 2026, the rental yield was 3.55%.
Cities and areas compared
- New Territories
- Kowloon
- Hong Kong Island
- Outlying islands
Historical rental yields in Hong Kong
| NEW TERRITORIES - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Sha Tin | |||
| 1-Bedroom | $572,800 | $1,790 | 3.75% |
| 2-Bedroom | $701,600 | $1,860 | 3.18% |
| 3-Bedroom | $1,084,300 | $3,160 | 3.50% |
| 4+Bedroom | $3,442,000 | $9,950 | 3.47% |
| Tai Wai | |||
| 1-Bedroom | $648,000 | $1,850 | 3.43% |
| 2-Bedroom | $701,600 | $2,410 | 4.12% |
| 3-Bedroom | $1,617,500 | $4,210 | 3.12% |
| 4+Bedroom | $2,640,600 | $5,490 | 2.49% |
| Yuen Long | |||
| 1-Bedroom | $558,700 | $1,785 | 3.83% |
| 2-Bedroom | $714,400 | $1,975 | 3.32% |
| 3-Bedroom | $1,081,700 | $3,380 | 3.75% |
| 4+Bedroom | $1,886,700 | $4,465 | 2.84% |
| Tuen Mun Castle Peak Road | |||
| 1-Bedroom | $491,100 | $1,470 | 3.59% |
| 2-Bedroom | $700,300 | $1,890 | 3.24% |
| 3-Bedroom | $969,500 | $2,700 | 3.34% |
| 4+Bedroom | $1,849,200 | $4,980 | 3.23% |
| Tseung Kwan | |||
| 1-Bedroom | $867,400 | $2,020 | 2.79% |
| 2-Bedroom | $1,018,000 | $2,490 | 2.94% |
| 3-Bedroom | $1,569,000 | $3,440 | 2.63% |
| 4+Bedroom | $2,678,800 | $5,740 | 2.57% |
| Tai Po | |||
| 2-Bedroom | $788,100 | $2,040 | 3.11% |
| 3-Bedroom | $1,275,300 | $3,210 | 3.02% |
| 4+Bedroom | $2,423,100 | $6,120 | 3.03% |
| Ma On Shan | |||
| 2-Bedroom | $931,000 | $2,525 | 3.25% |
| 3-Bedroom | $1,211,500 | $3,315 | 3.28% |
| Tuen Mun | |||
| 1-Bedroom | $484,600 | $1,645 | 4.07% |
| 2-Bedroom | $561,100 | $1,785 | 3.82% |
| 3-Bedroom | $777,900 | $2,170 | 3.35% |
| New Territories (all locations) | |||
| Studio | $482,100 | $1,595 | 3.97% |
| 1-Bedroom | $598,100 | $1,915 | 3.84% |
| 2-Bedroom | $809,800 | $2,295 | 3.40% |
| 3-Bedroom | $1,258,700 | $3,445 | 3.28% |
| 4+Bedroom | $2,486,800 | $5,740 | 2.77% |
| New Territories avg. Rental Yields | 3.45% | ||
| KOWLOON - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Hung Hom | |||
| Studio | $465,500 | $1,720 | 4.43% |
| 1-Bedroom | $663,200 | $2,105 | 3.81% |
| 2-Bedroom | $660,600 | $2,870 | 5.21% |
| 3-Bedroom | $1,332,700 | $3,700 | 3.33% |
| 4+Bedroom | $2,726,700 | $5,295 | 2.33% |
| Tai Kok Tsui | |||
| 1-Bedroom | $673,500 | $2,140 | 3.81% |
| 2-Bedroom | $727,100 | $2,170 | 3.58% |
| Olympic | |||
| 2-Bedroom | $1,274,400 | $3,250 | 3.06% |
| 3-Bedroom | $2,079,300 | $4,850 | 2.80% |
| Kowloon Station | |||
| 2-Bedroom | $2,870,200 | $4,580 | 1.91% |
| 3-Bedroom | $4,165,000 | $6,100 | 1.76% |
| To Kwa Wan | |||
| 1-Bedroom | $673,500 | $2,040 | 3.63% |
| 2-Bedroom | $699,100 | $2,000 | 3.43% |
| 3-Bedroom | $1,044,800 | $3,070 | 3.53% |
| Ho Man Tin | |||
| 2-Bedroom | $1,084,300 | $3,420 | 3.78% |
| 3-Bedroom | $1,888,000 | $6,190 | 3.93% |
| 4+Bedroom | $4,566,800 | $10,900 | 2.86% |
| Sham Shui Po | |||
| Studio | $405,700 | $1,530 | 4.53% |
| 1-Bedroom | $573,900 | $1,785 | 3.73% |
| 2-Bedroom | $635,100 | $1,850 | 3.50% |
| Cheung Sha Wan | |||
| 1-Bedroom | $648,000 | $1,960 | 3.63% |
| 2-Bedroom | $803,700 | $2,300 | 3.43% |
| 3-Bedroom | $1,033,300 | $3,170 | 3.68% |
| Kowloon (all locations) | |||
| Studio | $503,700 | $1,785 | 4.25% |
| 1-Bedroom | $698,900 | $2,145 | 3.68% |
| 2-Bedroom | $956,500 | $2,935 | 3.68% |
| 3-Bedroom | $1,721,700 | $5,205 | 3.63% |
| 4+Bedroom | $4,017,200 | $9,690 | 2.89% |
| Kowloon avg. Rental Yields | 3.63% | ||
| HONG KONG ISLAND - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Hong Kong Island (all locations) | |||
| Studio | $637,700 | $2,230 | 4.20% |
| 1-Bedroom | $800,900 | $2,680 | 4.02% |
| 2-Bedroom | $969,200 | $2,935 | 3.63% |
| 3-Bedroom | $1,913,000 | $4,975 | 3.12% |
| 4+Bedroom | $4,336,000 | $8,035 | 2.22% |
| Hong Kong Island avg. Rental Yields | 3.44% | ||
| OUTLYING ISLANDS - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Outlying Islands (all locations) | |||
| 1-Bedroom | $650,600 | $1,790 | 3.30% |
| 2-Bedroom | $775,600 | $2,170 | 3.36% |
| 3-Bedroom | $1,107,300 | $3,060 | 3.32% |
| Outlying Islands avg. Rental Yields | 3.33% | ||
| 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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View the full rental yield dataset (2023 - Present)
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.
