Hong Kong Rents Reach Pre-Pandemic Levels on Mainland Demand
- Mainland Chinese immigration is boosting rental prices
- Singapore’s residential rents are softening as supply grows
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Hong Kong’s rental prices have finally recovered to pre-pandemic levels as mainland Chinese students and professionals flock to the city.
Residential rents climbed for three straight months ending May to reach the highest level since 2019, according to Midland Realty. Rentals are emerging as a bright spot as much of the real estate market, including offices and residential sales, remains in a downturn.