Rental yields for Hong Kong residential properties have hit the highest level in more than a dozen years and are set to remain at an elevated level for two or three years, driven by robust demand from newly arrived residents and reduced mortgage costs, according to analysts.
The average rental yield in the city inched up 0.04 percentage points to 3.47 per cent at the end of September, the highest reading in nearly 12.5 years on Centaline Property Agency’s Centa City Rental Index Yield. The gauge advanced by 0.38 percentage points in the five months ended September.
