8 August 2019 - In an interview with Mid-levels Magazine, OKAY.com CEO Joshua Miller shared his thoughts on rental trend in Hong Kong. here are some of the highlights:
Rents in Hong Kong have continued to inch upwards this year, fueled by broadly positive sentiment in the overall markets (including the financial markets). We did see a brief abatement during the height of the extradition bill concerns driven by general uncertainty though this has largely passed.
As for the future of rental prices in the city?
Demand has been increasing slightly faster than supply (consistent with the last several years) though the launch of several new 1st hand developments (new supply) may counter this over the next 12 months. Assuming there are no other major market events, I expect rents to therefore remain stable at current levels for the next year.