50 large estates rent over 35 new highs

Residential rents rebounded but rose to a record high at 35.16 yuan per square foot, up 0.3% from the previous month. The rental trend is good, expected to hit a record high again.

According to data from Ricacorp Real Estate Research Department, in October, all 50 index properties in Hong Kong reported the latest price of 35.16 yuan, returning to historic highs of August this year. In the first 10 months of this year, rents rose 6.1%. As regards leasing transactions, 987 cases were recorded in October, more than 950 cases in September, up 4% month-to-month. This shows that the leasing market is a price increase.

One city rose by 4.5%

Analyzed by geographical area, the rent of New Territories Indicators Estates rose 1.3% MoM and reported a rental fee of 30.45RMB. The benchmark Shatin City One apartment in Shatin was reportedly rented to RMB39.9 per sq ft in October, up 4.5% over the previous month. New Territories fine housing rental performance, the market pointed out that the five high-rise Tsuen Wan Center Room H, an area of ​​233 square feet, is a reduced-profile households, monthly rent of 9,800 yuan, 42 yuan per square foot is the recent highs.

However, the monthly leases for Hong Kong Island and Kowloon slightly decreased by 0.3% and 0.7% respectively. Regal Real Estate Research Director Chen Haichao that rent in September after a brief adjustment, regained its orbit in October, reflected in the high property prices, the market demand for rental, support for the rental to continue steady and good, is expected in the next two months, The number of rentals and the trend of rents are still favorable, with rents hit a record high.