The increase in the rental value of nano-building outperformed luxury properties

Top 10 estates' new year rents increase 5% to 10%

The price of Hong Kong Wenhui (Reporter Yan Lun Le, Su Hong Yu) has soared, and the rateable rent value has also risen sharply. According to the latest information from the Rating and Expenditure Department, the rent rates of the top ten housing estates will increase by about 5% to 10% next year. The number of super mini-units will increase significantly in the next year, including a 166-square-foot unit in Xiaohui, Kowloon City. It rose 18%, outperforming the rental increase of luxury homes and large housing estates. The rent for super luxury properties has stagnated. The 25,500-square-foot unit of No. 89 Repulse Bay Road of Regal Leung Leung Shing has been linked to the most expensive rental units in Hong Kong, which is as high as $31.116 million. However, the rent does not change.

The Rating and Valuation Department announced the latest rateable value yesterday. All of the ten housing estates recorded an increase of between 5% and 10%. The most impressive increase was the South Horizons of Ap Lei Chau, mainly driven by the South Island Line. The increase in rental values ​​exceeded 10%.

Xiaohui 166 rental increase 18%

The number of non-mini households is the most exaggerated increase in the market. The has checked the information of the Estimated Services Department and found that one of them is located in a low-rise 166 sq.ft. (Saleable area, the same below) unit in Xiaohui, Kowloon City, for the year 2018/19. The rent value rose to 107,600 yuan, an increase of 18% year-on-year.

Although the increase rate of other mini-households was not as good as the above-mentioned Xiaohui, it was also very rapid. It was like a 193-square-foot unit in the middle of Xiaoyue, Cheung Sha Wan. The rental value increased by nearly 9% year-on-year; It rose by nearly 8% year-on-year. Among the top ten housing estates in the first town of Sha Tin, compares one of the 304 low-lying flats with a floor area of ​​304 units. The rent in 2018/19 also increased by 9.9% year-on-year, excluding infrastructure. The effect of an increase in the top ten housing estates is also outstanding..

People in the industry pointed out that the increase in rents for smaller units reflects a greater demand from the market for these types of flats. This is particularly true for some locations, or mini-units located in the urban areas. The rental increase of such flats has always been higher in the market than other units. Big. Moreover, because the larger unit of the rental unit of a small unit is much smaller, the relative increase may also be more, but it cannot be used to infer the increase in property prices. Individual luxury units are rich in “good luck”, even if the rent does not rise. There may also be room for price increases.

Luxury rents rise only slightly

In contrast, the rise in luxury homes is relatively backward, and super-luxury houses have not even risen or fallen. took the example of a medium- and high-level flat with an area of ​​1,117 square feet. The rent value was repeated, with a rental value of RMB 657,000 in 2016/17, and the rental value in 2017/18 dropped by 4.9% to RMB 62.46 million. In the year of 2018/19, the rental value of the year rose by about 4.13% to 650,400 yuan.

At present, the most expensive rent in Hong Kong continues to be House No. 89, Repulse Bay Road, under the name of Liang Liangliang, a Hubei rich man. The latest assessment of the rent value reached 13.11 million HKD and the average monthly rent was 1.093 million yuan. Tenants, Chairman of Tencent Chairman Ma Huateng, Dalangwan Road, No. 13 Big Wave Bay Road, rent value is 11.85 million yuan, an average of 987,500 HKD per month. Chairman of the Department of Housing, Li Ka-shing, rented at No. 79, Deep Water Bay Road, was 9.396 million yuan, which was the same as last year. Most luxury real estate rents did not increase year-on-year.

It is worth noting that MOUNT NICHOLSON, a luxury mansion in the Peak, has experienced a number of transactions in recent years. The rental value is also among the highest in Hong Kong. The rental value is estimated to be more than RMB 6 million to more than RMB 9 million, of which a new high for residential strata in Asia In Room 12D, Phase 3, the latest rental value was 6.16 million yuan, up 10% from the 5.6 million HKD in 2017/18.

For retail properties, the rental value dropped significantly as a result of the early retail sales. According to the information, “Planking King” A2, G/F, 2 Cannon Street, Causeway Bay, covers an area of ​​only 163 sq ft. The latest rent value is 1.656 million yuan, which represents a decrease of over 20% year-on-year; the value of shop floor at No. 8 Kai Chiu Road in the same district is by year. It also fell nearly 20% to $13.2 million. However, there are also several core area shops which have flat rental values ​​which are flat year-on-year. The rent value of Shop A on the ground floor of No. 60 Russell Street is about $75.6 million. Shop D on the ground floor of No. 38 Russell Street is maintained at $16.368 million.

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