Benefiting from strong demand from high-income individuals and local families, the residential rental market was quickly consumed. Hong Kong Property's Xie Qiyuan stated that the Nam Cheong Station Huixi recorded 24 rental transactions this month. The low-level open unit in Block 2B of the estate, with a usable area of approximately 272 square feet, faces the city view to the northeast. The owner listed it for rent at 0.0165 million yuan, and after about a week, received inquiries from single clients in the same area. After negotiation, it was rented out for 0.0152 million yuan, with a usable rent of approximately 55.9 yuan per square foot.
Hong Kong Property's Zhang Guobing indicated that at Quarry Bay Junhao Peak, a high-level open unit with a usable area of about 216 square feet and a mountain view, was listed for rent at approximately 0.0148 million yuan. It received inquiries from single clients from outside the area within just three days, and after negotiation, it was transacted for about 0.0143 million yuan, with a usable rent of approximately 66.2 yuan per square foot, which is market price. The owner purchased the unit for about 6.184 million yuan in June 2018.
Centaline's Wang Qinxue reported that this month, YOHO Town in Yuen Long recorded 4 rental transactions. The unit 1H on a high floor in Block 1 of the estate, a two-bedroom unit with a usable area of 433 square feet, was initially priced at a monthly rent of 0.016 million yuan. After negotiation, it was rented out for 0.0151 million yuan, with a usable rent of 34.9 yuan per square foot. The tenant is an engineer at the Yuen Long South Development, renting the unit for convenience in commuting.
The company's Cao Jiawa stated that with the Christmas long holiday approaching, the Tung Chung area has entered the rental off-season, accumulating about 50 transactions this month, which is still distant from last month's total of about 97 transactions. In the area, the Shui Lan - Tian'an Block 1 low floor unit G, a two-bedroom unit with a usable area of 518 square feet, enjoys a courtyard view and was initially listed at a monthly rent of 0.019 million yuan. It received tenant inquiries immediately after being listed and quickly transacted for 0.0185 million yuan, with a usable rent of 35.7 yuan per square foot. The new tenant is from the same estate, needing to move out before the end of this month as the owner sold the unit. After waiting a long time, they finally saw a new rental unit in the same estate, and after viewing, they immediately rented it.