Rents in New Territories up 31%

The area outdid both Hong Kong Island and Kowloon in terms of rental hike.

Hong Kong Island reported a minimal 3% growth, while Kowloon falls behind at 20%.

Here's more from OCBC Investment Research: 

The HK private retail rent and price indexes set new records in Mar, after the previous highs in Feb. The rent index was 0.9% higher than in Feb, while the price index showed a 2.4% MoM improvement. 

Perhaps more instructive is the rental rates for the different regions. New Territories saw average private retail rents climb 31% MoM and 24% YoY, outperforming both HK Island at 3% MoM and 0% YoY and Kowloon at 20% MoM and 22% YoY. The continued strength in the New Territories rental market bodes well for positive rental reversions for suburban malls in the area.