Rents in Hong Kong hit a five-and-a-half-year high in February amid an increase in demand after a lull during the holiday season, according to Centaline Property Agency, which expects rents to continue rising as economic uncertainty discourages more people from buying homes.
Centaline’s widely followed Centa-City Rental Index, published on Monday, rose 0.46 per cent month on month to 123.97, bringing the overall increase in the first two months of the year to 0.65 per cent.
