Rents may soar amid Hong Kong’s property gloom as students, talent immigrants spur demand

Quick Summary:

The gap between renting and buying will cause the rate of return of housing property to soar, especially when interest rates start falling with the widely expected first cut by the US Federal Reserve likely in September.

Housing rents may increase by 8 per cent this year, said Midland Realty.

All of the 10 major housing estates in Hong Kong have seen increases in rent compared with last December, Midland said.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong KongMacau

Topics: Midland Year Kong Cent Increase July Hong According Rents June Housing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-27 @ 08:00:12 (4 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 548 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 29 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 21866237

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Official Website: scmp.com

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