Mainland Students Drive Rental Surge in New Territories Properties Near Universities
AM730 · 1 SOURCESabout 1 hour ago2 MIN
Summary
As the new academic year approaches, mainland students are driving a surge in rental demand for New Territories properties near universities and MTR stations. Ricacorp Properties recently facilitated four consecutive rental transactions involving mainland students in popular residential estates across Tai Wai, Tai Po, and Tuen Mun. Rents ranged from HK$13,500 to HK$19,800 per month, with yields between 2.9% and 4.5% for landlords who purchased the properties years ago.
Key Points
- Tai Wai's The Years produces the highest per-square-foot rent at HK$75.7 for a 222 sq ft one-bedroom unit, leased for HK$16,800 monthly
- One-bedroom flat at The Years in Tai Wai generates 3.7% rental yield for landlord who bought it for HK$5.38 million in 2018
- Two-bedroom unit at Wan Zone 2 in Pak Shek Kok leased at HK$19,800 monthly with 2.9% yield for owner who purchased in 2021 for HK$8.3 million
- Two students jointly rent a Tuen Mun Delight unit at HK$13,500 monthly, offering landlord 4.5% yield from 2015 purchase price of HK$3.6 million
- All four transactions involve prepaid annual rent payments, reflecting mainland students' preference for securing housing before arrival
Why It Matters
The rental activity underscores how mainland students have become a significant demand driver in Hong Kong's residential market, particularly in areas near major universities and transportation hubs. Landlords holding properties in these strategic locations continue to benefit from stable rental income, with yields that often outperform traditional investment returns.
The rental activity underscores how mainland students have become a significant demand driver in Hong Kong's residential market, particularly in areas near major universities and transportation hubs. Landlords holding properties in these strategic locations continue to benefit from stable rental income, with yields that often outperform traditional investment returns.