Cai Wan, a senior regional sales manager at Centaline Property Holdings, reports that a unit in the Haide Garden complex in Chek Yuen Harbour has been rented out for HKD 29,000 per month. The 547 square foot, two-bedroom apartment, located on a high floor of building 3, is facing southeast and enjoys ocean views. The rental rate is approximately HKD 53 per square foot. The new tenants are an overseas couple who were drawn to Haide Garden's convenient location and its status as a newly built property, inspiring them to move from Sheung Wan. The owner purchased the unit in April for HKD 10,386,000 and immediately secured a tenant, now earning an approximate 3.4% rental yield. Similarly, Michelle Chan, a regional market manager at Centaline Property Holdings, notes that a 1123 square foot, three-bedroom and one-sitting room apartment in Yongjing Tai, Sai Kung, has been rented out for HKD 62,000 per month. The complex enjoys partial ocean views and offers panoramic vistas of the Kowloon West area. The rental rate is approximately HKD 55 per square foot. The new tenant is an overseas individual who values the apartment's location in a traditional upscale area of Sai Kung, which is near Soho and the Sai Kung escalator. The owner acquired the unit in 1997 for HKD 17,600,000 and is now realizing a rental yield of about 4.2%.
The high-end rental market in Hong Kong continues to attract international tenants with high-end properties offering combined factors such as prime locations, ocean views, and excellent rental yields. The trend shows a consistent demand from foreign residents, particularly those settled in the Sai Kung and Sai Kung West areas, favoring new builds with recent renovations and the convenience of modern amenities. These rental trends indicate a robust market for luxury properties, driven by the balance of lifestyle, convenience, and lucrative returns for investors.