The Rating and Valuation Department (RVD) announced today (Sept. 27) that Hong Kong's Private Domestic Rental Indices for August rose to 185.4, reaching a record high since January 2020, with a month-on-month increase of 1.4%, up from 1% in July, and a cumulative increase of about 6.8% for seven consecutive months.
Rent growth also widened year-on-year to 3.3% in August, and the cumulative increase in rents expanded to 5.6% in the first eight months of this year. During the period, rents of small, medium and large units rose by about 5.7% and 5.3% respectively, RVD pointed out.
Tag:·HK· private· properties· rent· high
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