hong kong luxury residential leasing

Rents on Hong Kong Island and in Kowloon inched up 1% and 2.5%, respectively.

Prices could grow 3-5%, but not until the second half of the year.

Rents on Hong Kong Island inched up 1% during the quarter.

Transactions already increased by a massive 131.4% y-o-y in the first nine months of 2021.

Single executives and young couples, not families, are driving demand.