HK’s rental housing market stable in 2024

On average, the rental budget is around $14,000.

Hong Kong's rental housing market showed stable growth with average rental prices increasing by 5.8% last 2024, according to Colife.

The most popular locations for tenants are areas located along the blue metro line including Sai Ying Pun, Sheung Wan, Central, Causeway Bay, Wan Chai, and Happy Valley.

The main university of Hong Kong (HKU) being within the vicinity also makes these areas popular amongst students looking for housing.

Price remains a top factor for renters when choosing. On average, the rental budget is around $14,000 and most tenants prefer fully furnished apartments.

Looking ahead, Colife expects that government initiatives aimed at attracting talent will further sustain demand for rental properties with a predicted growth of 7% or more.