Property News · July 24, 2019

Micro apartments are still popular because their rental yields top the average in Hong Kong’s notoriously costly housing market


A flat at The Garrison in Hong Kong’s Tai Wai that sold in July 2018 for HK$4.4 million (US$563,000) has been put on the market for rent at HK$13,500 per month, even before its owner took possession of the 201 square-foot (18.7 square metres) micro apartment.The yield, at 3.7 per cent, tops returns on rental properties across the city, partly explaining why demand persists for abodes comparable in size to a standard Hong Kong car parking space (12.5 square metres, or 134 sq ft), even if they…

Source : South China Morning Post
Read more…Micro apartments are still popular because their rental yields top the average in Hong Kong’s notoriously costly housing market

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