Hong Kong rental prices reach pre-pandemic levels due to influx of mainland Chinese students, professionals.
Hong Kong's rental prices have recovered to pre-pandemic levels due to an influx of mainland Chinese students and professionals. Residential rents increased for three months ending May, reaching their highest level since 2019, while the real estate market for offices and residential sales remains in downturn. West Kowloon, a popular area for mainland Chinese tenants, experienced a 12% rent increase in May, nearly three times the city average.
June 24, 2024
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