50 estates average rent 35.75 New highs for two consecutive months

According to data from the Real Estate Research Department, the weighted average real estate rent (average rent) for the 50 index housing estates in Hong Kong was reported at 35.75 yuan in April this year, up 0.42% from March’s 35.6 yuan, and hit a record high for two consecutive months. The number of leasing transactions recorded 986 cases, 44 cases or about 4.67% more than the previous month. It rose for two consecutive months and reached a new high of nearly six months.

In terms of regions, the rents of the Hong Kong Island, Kowloon and New Territories index estates all rose last month. The average rent for 21 index housing estates in the New Territories was reported at 30.74 yuan, up 0.65% month-on-month, with rent for Tsing Yi Ying Tsui Peninsula rising 8.6% on a month-to-month basis, which was the largest increase among the housing estates in Hong Kong.

Ying Cui Peninsula rose 8.6% most significant

The average rent for 21 index housing estates in Kowloon was reported at 39.31 yuan, a slight increase of 0.18% on a monthly basis. The average rent for eight index housing estates on Hong Kong Island was reported at 42.22 yuan, up 0.45% on a month-to-month basis. In terms of leasing volume, last month’s leasing turnover of indicator estates in Kowloon and the New Territories increased by 3.7% and 8.85% to 392 and 418 respectively, while that on Hong Kong Island decreased by 2.22% to 176.

According to Chen Haichao, head of the research department of Realgar Real Estate, many mainland students have been looking for rents in the market this month, driving the renting of small and medium-sized housing estates along the East Rail. It is expected that the monthly turnover of the 50-item housing estate will be renewed on a monthly basis this month. It rose by more than 5%. The average lease rate will increase by 0.5% or more in the same period.