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Renting is alive and well
Sep 1, 2023
Renting is alive and well Hong Kong
By   Wen Wei Po 
  • City News
  • Transaction Quotes
  • Hong Kong Rental
  • Hong Kong Housing Market
Abstract: Overseas professionals and mainland students come to Hong Kong to grab rents, coupled with the peak season for leasing, Hong Kong's residential leasing is active.

An agent revealed that the Kai Tak New District this month has recorded more than 200 rental cases, the latest MONAC ONE low-rise 1 room to $ 16,800 rented, the owner of the rental return of up to 2.4%; the other Wan Chai District this month has recorded more than 135 cases of leasing, and has been close to the number of cases last month, the new Wai Yin Hin Hin open-type to $ 123,000 rented out in 2020 since the record record of the housing estate foot rent to a new high.

 

Centaline real estate ShiTiWen said, KaiDe new area so far this month temporarily recorded 205 rental transactions, has recorded more than 200 rental transactions for 2 consecutive months, the transaction is prosperous, of which MONACO ONE accounted for 90 cases, the average foot rent 49 yuan.

 

Steven pointed out that the latest recording of a MONAC ONE rental cases, units for the 2B block low-floor room F, utility area of 329 square feet, 1 room apart, unit seat to the north looking at the inner garden view, the latest to 16,800 yuan rented, equivalent to foot rent of $ 51.

 

It is learnt that the owner bought the flat in December 2021 for about $8.3 million, and now it is successfully leased out, enjoying a rental return of 2.4%.

 Renting is alive and well

Centaline Property Feng Zijin said that the summer holiday rental transactions have always been active, benefited from the import of mainland students and professionals, adjacent to the university or commercial core area of the leasing further turn prosperous, Wan Chai District this month has recorded more than 135 rental transactions, close to last month's record of about 157 cases in the whole month.

 

Feng Zijin pointed out that the newly recorded Wai Yin Heen high-rise C room rental transactions, the usable area of 203 square feet, open spacing, the owner asked price of 12,500 yuan, less than a week to be put on the market postgraduate students to negotiate the rent, the owner to see that the tenant can pay a year's rent in advance, and ultimately reduced to 12,300 yuan to rent, equivalent to a foot of rent of 61 yuan, a record of 2020 since the record of the Court feet of the new high rent.

 

It is understood that the new tenant is a postgraduate student of the University of the Mainland, who likes the location of the site in the heart of the district, so decided to rent the unit. The owner bought the flat for $2.88 million in 2011, and this time the tenant can enjoy a 5 per cent rental return.

 

Centaline Property's Wang Qinxue said that during the summer holidays, rental transactions in Yuen Long district were active, of which Grand YOHO recorded more than 20 rental transactions this month, which is the most active city centre housing estate, with an average rent of about $33 per square foot. Wang Qinxue disclosed that Grand YOHO 1 low floor E room, utility area of 523 square feet, is a 2-room apartments, monthly asking price of $ 18,000, after bargaining at $ 17,300 to rent, utility foot rent of $ 33.1.

 

Wang Qinxue said, the tenant is a local family, love housing estates adjacent to the Yuen Long station, convenient transport, living facilities are also perfect, see on the site of all basic furniture, look at the property on the same day quickly shot board to rent.

 

And the owner in 2019 to about 8.1 million yuan to buy a unit, hold goods for 4 years, this time to rent out to enjoy about 2.6% rental return.

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