According to Yang Haoran, Assistant Regional Manager at Midland Realty, Silicon Hill has recorded approximately 23 rental cases this month alone, with rents ranging between 40 to 50 Hong Kong dollars per square foot. Meanwhile, at The Leo Kwok Fuk Tsuen．Kai Kwan in Mong Kok, some units were successfully leased to newcomers to Hong Kong within 10 days, fetching rents close to 60 Hong Kong dollars per square foot.

Rental situations at Silicon Hill show rents hovering around 30 Hong Kong dollars per square foot. For instance, a 613-square-foot, 3-bedroom unit initially rented for about 26,000 Hong Kong dollars per month, but after negotiation, it was successfully leased at a rate of 25,000 Hong Kong dollars per month, translating to approximately 40.8 Hong Kong dollars per square foot. At this rental rate, the unit's rental yield is about 2.56%.

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Similarly, The YOHO Hub in Yuen Long Station faces high demand. For example, a 477-square-foot, 2-bedroom unit initially rented for about 18,500 Hong Kong dollars per month, although the lease doesn't expire until July this year, it has already been pre-booked by new tenants at a rate of approximately 38.8 Hong Kong dollars per square foot. This indicates robust demand in the area, with the unit's rental yield approximately at 2.2%.

In Mong Kok's The Leo Kwok Fuk Tsuen．Kai Kwan, a high-floor unit has also attracted considerable attention from renters. The unit, approximately 193 square feet in size, was rented out for 12,000 Hong Kong dollars per month, leased out in less than 10 days. After negotiation, the monthly rent dropped to about 11,500 Hong Kong dollars, equating to around 59.6 Hong Kong dollars per square foot. The tenant, a newcomer to Hong Kong, was enticed by the unit's expansive views. At current rental rates, the unit's rental yield is approximately 2.6%.

Benjamin Poon, Executive Director of Midland Residential, notes that new developments often attract significant attention from investors, leading to relatively high demand for rental units. Additionally, recent increases in leasing activity can be attributed to mainland students needing accommodation for schooling in Hong Kong and local clients relocating during the summer.