Property News · July 18, 2017

Hong Kong records highest rent ever in the second quarter


Hong Kong’s residential market continues to be red hot as rents for private flats hit another new high in the second quarter this year.
Average cost for renting a second-hand flat rose as much as 2.9 per cent on quarter to HK$35.10 per square foot during the April to June period, surpassing the previous high of HK$34.10 per sq ft in the first three months, according to data from Centaline Property Agency. This brings the asking rent for a typical 450 sq ft flat in the city to HK$15,800…

Source : South China Morning Post
Read more…Hong Kong records highest rent ever in the second quarter

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