HK Properties

Property Market Yields for HK Private Residential Buildings

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Based on the data provided in the Hong Kong Property Monthly Supplement Report (November 2024) concerning private residential buildings, we can analyze market trends and changes in yield performance through a detailed interpretation of the figures.

Property Market Yields for HK Private Residential Buildings - 1
Rental Index Performance(Table 1.3)Sale Price Index Performance(Table 1.4)
Class A (<40 sqm)
  • Q1 2024: 205.5
  • Q3 2024: 216.4
  • % change: +5.3%
Class A (<40 sqm)
  • Q1 2024: 328.7
  • Q3 2024: 311.1
  • % change: -5.4%
Class B (40–69.9 sqm)
  • Q1 2024: 183.3
  • Q3 2024: 194.8
  • % change: +6.3%
Class B (40–69.9 sqm)
  • Q1 2024: 298.0
  • Q3 2024: 286.3
  • % change: -3.9%
Class C (70–99.9 sqm)
  • Q1 2024: 156.7
  • Q3 2024: 166.0
  • % change: +5.9%
Class C (70–99.9 sqm)
  • Q1 2024: 286.5
  • Q3 2024: 276.8
  • % change: -3.4%
Class D (100–159.9 sqm)
  • Q1 2024: 148.4
  • Q3 2024: 154.5
  • % change: +4.1%
Class D (100–159.9 sqm)
  • Q1 2024: 276.9
  • Q3 2024: 270.9
  • % change: -2.2%
Class E (>160 sqm)
  • Q1 2024: 137.8
  • Q3 2024: 140.5
  • % change: +2.0%
Class E (>160 sqm)
  • Q1 2024: 277.4
  • Q3 2024: 265.6
  • % change: -4.3%

Yield Trend Analysis

Small Units (Class A): Yield Growth

Class A units show significant rental growth (+5.3%) and price correction (-5.4%), resulting in improved yields. These properties remain highly attractive for investors.

Medium Units (Class B): Steady Performance

Class B units’ rental growth (+6.3%) outpaces their price drop (-3.9%), ensuring a stable and growing yield. They remain a solid choice for balanced investments.

Large Units (Class D and E): Yield Compression

Rental increases for Class D (+4.1%) and Class E (+2.0%) were limited, while their sale prices fell (-2.2% and -4.3%, respectively). These conditions challenge yields for high-end properties.

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