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Hong Kong Luxury Home Rents Set to Rise as Expats Return
Hong Kong's luxury residential rents are projected to climb about 5 per cent this year and keep rising into 2027, buoyed by an influx of expatriates, according to property consultancy JLL.
The city's private residential rental index surged 18.5 per cent to 205.8 in June from 173.6 in January 2023, the trough of the Covid-19 pandemic, according to the Rating and Valuation Department. That marks the first sustained breach of the 200 threshold, highlighting a strong recovery in leasing demand.
Property consultancy JLL said in a statement that Hong Kong's residential leasing market has entered a renewed expansion cycle in 2026. The firm expects luxury home rents to rise by about 5 per cent this year and continue their upswing into 2027, driven by a growing number of expatriates arriving in the city.
Relocation firm Dwellworks Hong Kong disclosed that Europe and the US are the top sources of foreign finance executives moving to Hong Kong. This inflow of international professionals is contributing to the upward pressure on high-end residential rents.
The rental index's climb from its pandemic low reflects a sustained recovery in the leasing market, with luxury properties seeing particularly strong demand. As more expats settle in Hong Kong, the outlook for landlords remains positive.