Hong Kong Residential Leasing

Housing Investment Consultancy
Residential Leasing

July 2017

The luxury leasing market remains broadly stable with little notable in-bound or out-bound traffic.

Low supply levels and sustained demand from the likes of securities, property and PRC asset management firms are the main factors behind the uptick in Hong Kong Island luxury apartment rents during the first quarter.

Expats are generally more willing to live off Hong Kong Island, moving to areas such as Discovery Bay, Shatin, Tai Po and Tung Chung in search of lower cost apartments, good schools and a better quality of life.

Despite limited supply and high rates of owner-occupation, townhouses are facing stiff competition from newer larger apartments.

Demand in the serviced apartment market remains fragile in spite of a slight rebound in average rents and occupancy rates.

 

Key contacts

Simon Smith

Simon Smith

Senior Director / Head of Research & Consultancy
Research & Consultancy

Two Exchange Square

+852 2842 4573

 

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