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Estimated rents for Hong Kong luxury homes owned by Stephen Chow and Andy Lau increase

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Estimated rents for Hong Kong luxury homes owned by Stephen Chow and Andy Lau increase - SCMP

Quick Summary:

Rateable value is an estimate of the annual rental value of a property on the open market at a designated valuation reference date.

In January, an index tracking rents rose by 0.42 per cent month-on-month, while lived-in home prices fell to their lowest point in eight years, according to the government data.“[The rateable value] reflects that the overall residential leasing market remains upbeat,” said Lucia Leung, director of research and consultancy at Knight Frank.“In the luxury segment, we have observed that some foreign professionals from international firms are planning to relocate back to Hong Kong with their families, seeking well-decorated flats with monthly rents ranging from HK$70,000 to HK$120,000,” she said.“Meanwhile, some affluent individuals from the mainland are able to afford premium accommodations with monthly rents reaching up to HK$200,000.

The metric serves as a barometer of the city’s rental market as the segment has edged up while home prices remained in a slump.


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Article Details

Author / Journalist: Salina Li

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 07:30:14 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 291 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 42 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 27119442

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About SCMP

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Main Topics: Business

Official Website: scmp.com

Update Frequency: 12 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 3 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

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