Gross rental yields in Hong Kong: Kowloon and 3 other areas
Average gross rental yield in Hong Kong stands at 3.55% (Q1, 2026). Previously, in Q2 2025, the rental yield was 3.90%.
Cities and areas compared
- New Territories
- Kowloon
- Hong Kong Island
- Outlying islands
Historical rental yields in Hong Kong
| NEW TERRITORIES - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Sha Tin | |||
| 1-Bedroom | $545,100 | $1,740 | 3.83% |
| 2-Bedroom | $673,300 | $1,860 | 3.32% |
| 3-Bedroom | $1,154,300 | $2,950 | 3.07% |
| 4+Bedroom | $3,975,800 | $9,810 | 2.96% |
| Tai Wai | |||
| 1-Bedroom | $545,100 | $2,050 | 4.51% |
| 2-Bedroom | $641,300 | $2,155 | 4.03% |
| 3-Bedroom | $1,577,500 | $4,230 | 3.22% |
| Yuen Long | |||
| 1-Bedroom | $548,900 | $1,580 | 3.45% |
| 2-Bedroom | $679,700 | $1,730 | 3.05% |
| 3-Bedroom | $1,128,600 | $2,950 | 3.14% |
| 4+Bedroom | $1,603,100 | $4,295 | 3.22% |
| Tuen Mun Castle Peak Road | |||
| 1-Bedroom | $446,300 | $1,385 | 3.72% |
| 2-Bedroom | $615,600 | $1,860 | 3.63% |
| 3-Bedroom | $872,100 | $2,565 | 3.53% |
| 4+Bedroom | $1,539,000 | $4,295 | 3.35% |
| Tseung Kwan | |||
| 1-Bedroom | $660,500 | $1,860 | 3.38% |
| 2-Bedroom | $872,100 | $2,370 | 3.26% |
| 3-Bedroom | $1,279,900 | $3,590 | 3.37% |
| 4+Bedroom | $2,244,400 | $4,975 | 2.66% |
| Tai Po | |||
| 2-Bedroom | $728,500 | $2,310 | 3.81% |
| 3-Bedroom | $1,218,400 | $3,335 | 3.28% |
| 4+Bedroom | $2,806,100 | $6,385 | 2.73% |
| Ma On Shan | |||
| 2-Bedroom | $856,700 | $2,435 | 3.41% |
| 3-Bedroom | $1,128,600 | $3,850 | 4.09% |
| Tuen Mun | |||
| 1-Bedroom | $464,300 | $1,475 | 3.81% |
| 2-Bedroom | $538,700 | $1,670 | 3.72% |
| 3-Bedroom | $705,400 | $2,245 | 3.82% |
| New Territories (all locations) | |||
| Studio | $484,800 | $1,475 | 3.65% |
| 1-Bedroom | $577,100 | $1,900 | 3.95% |
| 2-Bedroom | $718,200 | $2,115 | 3.53% |
| 3-Bedroom | $1,154,300 | $3,335 | 3.47% |
| 4+Bedroom | $2,308,500 | $5,770 | 3.00% |
| New Territories avg. Rental Yields | 3.52% | ||
| KOWLOON - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Hung Hom | |||
| Studio | $448,900 | $1,630 | 4.36% |
| 1-Bedroom | $615,600 | $2,025 | 3.95% |
| 2-Bedroom | $686,100 | $2,695 | 4.71% |
| 3-Bedroom | $1,459,500 | $3,310 | 2.72% |
| 4+Bedroom | $2,308,500 | $5,515 | 2.87% |
| Tai Kok Tsui | |||
| 1-Bedroom | $615,600 | $1,990 | 3.88% |
| 2-Bedroom | $702,800 | $2,090 | 3.57% |
| Olympic | |||
| 2-Bedroom | $1,103,000 | $2,950 | 3.21% |
| 3-Bedroom | $2,026,400 | $4,810 | 2.85% |
| Kowloon Station | |||
| 2-Bedroom | $2,372,600 | $5,385 | 2.72% |
| 3-Bedroom | $3,526,900 | $6,285 | 2.14% |
| To Kwa Wan | |||
| 1-Bedroom | $622,000 | $2,050 | 3.95% |
| 2-Bedroom | $651,500 | $2,090 | 3.85% |
| 3-Bedroom | $987,500 | $2,695 | 3.27% |
| Ho Man Tin | |||
| 2-Bedroom | $1,128,600 | $3,335 | 3.55% |
| 3-Bedroom | $1,923,800 | $5,925 | 3.70% |
| 4+Bedroom | $4,206,600 | $8,720 | 2.49% |
| Sham Shui Po | |||
| Studio | $377,100 | $1,515 | 4.82% |
| 1-Bedroom | $538,700 | $1,670 | 3.72% |
| 2-Bedroom | $738,700 | $2,155 | 3.50% |
| Cheung Sha Wan | |||
| 1-Bedroom | $561,700 | $1,990 | 4.25% |
| 2-Bedroom | $872,100 | $2,375 | 3.27% |
| 3-Bedroom | $1,346,600 | $3,654 | 3.26% |
| Kowloon (all locations) | |||
| Studio | $480,900 | $1,670 | 4.17% |
| 1-Bedroom | $615,600 | $2,050 | 4.00% |
| 2-Bedroom | $872,100 | $2,565 | 3.53% |
| 3-Bedroom | $1,603,100 | $4,550 | 3.41% |
| 4+Bedroom | $3,591,000 | $8,720 | 2.91% |
| Kowloon avg. Rental Yields | 3.60% | ||
| HONG KONG ISLAND - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Hong Kong Island (all locations) | |||
| Studio | $557,900 | $1,925 | 4.14% |
| 1-Bedroom | $782,300 | $2,500 | 3.83% |
| 2-Bedroom | $936,200 | $2,820 | 3.61% |
| 3-Bedroom | $1,577,500 | $4,360 | 3.32% |
| 4+Bedroom | $3,437,100 | $10,130 | 3.54% |
| Hong Kong Island avg. Rental Yields | 3.69% | ||
| OUTLYING ISLANDS - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Outlying Islands (all locations) | |||
| 1-Bedroom | $666,900 | $1,925 | 3.46% |
| 2-Bedroom | $795,200 | $2,245 | 3.39% |
| 3-Bedroom | $1,090,100 | $3,015 | 3.32% |
| Outlying Islands avg. Rental Yields | 3.39% | ||
| All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents' fees, and any other costs. Net yields (what you'll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide and 28hse |
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View the full rental yield dataset (2023 - Present)
Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, and 3-bedroom properties across the largest cities in Hong Kong, comparing median rental prices with median purchase prices to determine gross rental yields.
We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:
(Median Monthly Rent × 12) ÷ Median Purchase Price × 100
For example, if the median monthly rent is $500 and the median purchase price is $100,000, the yield is calculated as:
($500 × 12) ÷ $100,000 = 6% Gross Rental Yield
Note: NET yields vary from country to country, but are usually 1.5-2% lower.
