Hong Kong's Wen Wei Po (Reporter So Hung Chung)College students who can't grab for dormitories this year were miserable,needed to pay high rents especially mainland students with no family in Hong Kong. Property prices continued to rise,coupled with the family was forced to buy a sublet, lease will be rising rents to rise rapidly.Market participants refers to summer is the rental season,some individual housing estates which located along the railway line,the rental for rose at least more than 15% in the past two months,more than double over the off-season when the volume,it is expected in September when school to major institutions,the market conditions will return to an normal levels.
Take wind fire, fire battle wind Wei,a number of recent positive news for the property market and fell down recovery, riven by gains in the district for rent also present. According to RVD announced the latest prices index recorded 246.8 points in May,surged 0.78 percent on a monthly basis,recorded the highest single-month increase since in June last year,but also hit a new high record.The he Centa-City Leading Index (CCL) which reflect the trend of prices, breaking the 120-point mark,recorded a new high of nearly a year. As for the rent index performance, n May reported that 156 points, a monthly increase of 0.26%, rising for the third consecutive month, which recorded increases in all types of units, of which the strongest increase in small and medium households,properties with small amount of prices category have recorded 168.4 points,rose 0.42% by month, ranks first among the other categories.
Basic furnitures are available in the units,so they are willing to pay high rent
Mainland students Mary who are studying in colleges of education,with the addition of two students currently renting a two-room unit in Shati,with a salable area of about 400 feet,about HKD $3,300 per capita share of the rent.She agrees that the Mainland students seek rent in Hong Kong will inevitably be raised rents landlords,'because we are students,supplies are consumed faster,higher rents or understand'.But asked whether it is willing to advance a year rent to in exchange for a lower average monthly expenses,she bluntly said 'it's impossible'.
On the other side Miss Wong who is come from the mainland and is currently rented a two-bedroom unit at Prince Edward with a friend,at a monthly rent of about HKD $7,200,because the roommate is locals,so it is necessary in the face of "vary" rent.She continued refers to residence requirements,mainly in the urban location,easy access and with good security.
Traditional rental season,transacted over one hundred cases per month
Centaline senior regional sales manager Nam Ho Yin said that with the increase in the number of mainland students in Hong Kong every year,in recent years become a summer rental season.In Fanling area, for example,in the region by the early season tenancy turnover of more than 50 cases per month, ntil the summer when over a hundred cases a month.Currently district rents have been rising over 15% when compared to 2 months earlier,except for the needs of mainland students to seek rent increases,so it case the rents become higher and higher,but also due to the early arrivals of mainland students seeking rental unit this year,so starting from he end of July last year,August,to early of mid-June of this year,the rents rose earlier.
In view of the strong demand for the lease, the landlord has the ambition to put a high prices og 10% to 20% higher than the market prices,some individual owners even require the tenant prepaid rent for one year,involving hundreds of nearly million.On the other hand,as for some mainland students who are not staying long time in Hong Kong,so it's for too uneconomical to buy furnitures for the rentla-unit,if the rental units to provide basic furniture and appliances,many mainland students are willing to pay more and for the students who have sufficient funds, even willing to pay the rent of the year.
Recent cases of the Mainland students seek rental-units,includes a three-bedrooms unit in Fanling Centre,with an utility area of 535 feet, leased with the price of HKD $14,000,with an average price of HKD $26 per sq.ft,a new tenant are three mainland students,Agent means,see the unit cage enterprise management, reasonable rent,fear of late rent will be more expensive,so that they have decided to pay the year rents first in order to facilitate the school.
