Average rent in private flat 35.4 yuan to re-record highs

Hong Kong’s economy is improving and property prices are on the rise, driving rents up. According to statistics from Central Plains Real Estate, the average salable area of ​​the large private residential estates in Hong Kong in October was 35.4 yuan a month, hitting an all-time high. It is estimated that the overall average utility salable rent will approach 36 yuan by the end of this year and the rent for the whole year An increase of about 8%.

Huang Liangsheng, senior joint director of the Central Plains Real Estate Research Department, said that according to the statistics of the new Central Plains real-estate signatories, the overall average salable flat rent for 107 large-scale private residential estates in October totaled 35.4 yuan, a month-on-month rise of about 0.3% August’s overall average practical salable 35.4 yuan rent high. Although the leasing market has entered a seasonal light market, the overall average utility salable monthly rent for 3 consecutive months at 35.3 to 35.4 yuan high, I believe rent in the fourth quarter continued to hover at a high level, the end of this year the average overall utility salable rent can approach 36 yuan mark .

Whampoa Garden crown crown ten largest housing estates

Huang Liangsheng pointed out that the overall average utility salable rent jumped 6.3% in the first 10 months of this year, much higher than the 2.2% increase in the same period of 2016. This shows that Hong Kong’s economy has recovered significantly this year, stimulating a steady and upward rent growth. It is expected that the whole of this year will be an average and practical Fees up about 8%.

For the top ten blue chip units, the Huangpu Garden in Hung Hom made the strongest upward momentum in the first 10 months of this year, a rise of about 14.8%. In October, the average practical lease fee was 38.1 yuan. In the mean time, Rent 40.6 yuan, the first 10 months of this year rose a total of 9.7%. However, the Quarry Bay Kornhill and Cityplanes were underperforming. The average utilization of Kensington Gardens rose only 0.5% in the first 10 months of the year and 2% in Cityplaza.

Liu Jiahui, chief analyst of Midland Realty, pointed out that according to Midland Realty’s contribution to the rental of 100 small and medium-sized private housing estates in Hong Kong, the APF data on rent calculated from the weighted average shows that for the first 10 months of this year The overall average utility salable rental rose about 6%. For units in the same housing share in the same housing estate but different floors compared to October last year and December last year, individual ten-rent increases of about 10%.