Gross rental yields in Hong Kong: Kowloon and 3 other areas

Average gross rental yields in Hong Kong stands at 3.88% (Q4, 2024).

  • New Territories
  • Kowloon
  • Hong Kong Island
  • Outlying islands
  Last Updated: Dec 02, 2024
NEW TERRITORIES - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
ShaTin  
1-Bedroom $533,536 $1,671 3.76%
2-Bedroom $678,812 $1,864 3.30%
3-Bedroom $1,054,216 $2,828 3.22%
4+Bedroom $3,760,469 $9,147 2.92%
Tai Wai  
1-Bedroom $553,752 $2,095 4.54%
2-Bedroom $674,955 $2,333 4.15%
3-Bedroom $1,339,626 $4,114 3.69%
4+Bedroom $2,159,859 $4,692 2.61%
Fotan  
2-Bedroom $938,510 $2,828 3.62%
3-Bedroom $1,478,475 $4,242 3.44%
Yuen Long  
1-Bedroom $550,249 $1,478 3.22%
2-Bedroom $640,243 $1,864 3.49%
3-Bedroom $1,092,785 $2,828 3.11%
4+Bedroom $1,522,186 $4,230 3.33%
Tuen Mun Castle Peak Road  
1-Bedroom $488,539 $1,542 3.79%
2-Bedroom $601,675 $1,864 3.72%
3-Bedroom $925,653 $2,731 3.54%
4+Bedroom $1,221,348 $4,474 4.40%
Tseung Kwan  
1-Bedroom $617,102 $2,132 4.15%
2-Bedroom $813,161 $2,378 3.51%
3-Bedroom $1,144,211 $3,278 3.44%
4+Bedroom $1,928,445 $4,756 2.96%
Tai Po  
2-Bedroom $667,885 $1,838 3.30%
3-Bedroom $1,208,492 $3,136 3.11%
4+Bedroom $2,828,386 $5,528 2.35%
Ma On Shan  
2-Bedroom $835,659 $2,314 3.32%
3-Bedroom $1,118,498 $3,600 3.86%
Tuen Mun  
1-Bedroom $431,329 $1,189 3.31%
2-Bedroom $501,395 $1,645 3.94%
3-Bedroom $617,102 $2,160 4.20%
New Territories (all locations)  
Studio $430,686 $1,414 3.94%
1-Bedroom $552,821 $1,736 3.77%
2-Bedroom $668,527 $2,057 3.69%
3-Bedroom $1,092,785 $3,060 3.36%
4+Bedroom $2,031,296 $5,400 3.19%
New Territories avg. Rental Yields 3.59%
KOWLOON - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Hung Hom  
Studio $411,344 $1,710 4.99%
1-Bedroom $665,864 $2,057 3.71%
2-Bedroom $691,573 $2,732 4.74%
3-Bedroom $1,091,991 $3,940 4.33%
4+Bedroom $2,050,295 $4,730 2.77%
Tai Kok Tsui      
1-Bedroom $583,595 $2,005 4.12%
2-Bedroom $640,155 $2,108 3.95%
Olympic  
2-Bedroom $1,002,652 $2,827 3.38%
3-Bedroom $1,928,178 $4,500 2.80%
Kowloon Station  
2-Bedroom $2,313,813 $4,627 2.40%
3-Bedroom $3,455,294 $7,327 2.54%
4+Bedroom $5,398,898 $12,211 2.71%
To Kwa Wan  
1-Bedroom $599,020 $2,056 4.12%
2-Bedroom $673,576 $2,268 4.04%
3-Bedroom $1,019,363 $3,149 3.71%
Ho Man Tin  
2-Bedroom $1,028,361 $3,213 3.75%
3-Bedroom $1,735,360 $4,627 3.20%
4+Bedroom $3,959,192 $9,640 2.92%
Sham Shui Po  
Studio $388,849 $1,388 4.28%
1-Bedroom $575,882 $1,902 3.96%
2-Bedroom $728,208 $1,901 3.13%
Cheung Sha Wan  
1-Bedroom $539,889 $2,160 4.80%
2-Bedroom $794,409 $2,475 3.74%
3-Bedroom $1,257,172 $3,824 3.65%
Kowloon (all locations)  
Studio $434,482 $1,703 4.70%
1-Bedroom $627,300 $2,121 4.06%
2-Bedroom $829,116 $2,700 3.91%
3-Bedroom $1,413,997 $4,344 3.69%
4+Bedroom $3,007,957 $7,828 3.12%
Kowloon avg. Rental Yields 3.90%
HONG KONG ISLAND - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Hong Kong Island (all locations)  
Studio $572,105 $1,992 4.18%
1-Bedroom $768,807 $2,443 3.81%
2-Bedroom $884,513 $2,931 3.98%
3-Bedroom $1,388,480 $4,500 3.89%
4+Bedroom $2,956,950 $9,000 3.65%
Hong Kong Island avg. Rental Yields 3.90%
OUTLYING ISLANDS - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Outlying Islands (all locations)  
1-Bedroom $591,390 $1,992 4.04%
2-Bedroom $745,665 $2,378 3.83%
3-Bedroom $923,082 $3,471 4.51%
Outlying Islands avg. Rental Yields 4.13%
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
Hong Kong's Historic Rental Yield Data

Navigatable historical rental yield data.

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).

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