RESIDENTIAL RENTAL Hong Kong: Snapshot of Typical Asking Rents (approx) MARKET TRENDS STANDARD PREMIUM Typical length of tenancy 24 months Locations Western District, Wan Chai, Eastern District, Mid Levels Central, Happy Valley, Notice period Tseung Kwan O Southside of Hong Kong 2 months Indicate if Indicate if Typical deposit rental price is rental price is 2 months Rent From Rent To up, down or Rent From Rent To up, down or Property Pro昀椀le (HKD/Month) (HKD/Month) unchanged (HKD/Month) (HKD/Month) unchanged Unique situations from previous from previous The minimum commitment is a quarter quarter 24 months lease with 12+2 break clause option (i.e., minimum 14 Typical Size 400 sqft 500 sqft 400 sqft 500 sqft 1 Bed Apt 2023-Q4 22,000 27,000 25,000 30,000 — months) whereby some corporate landlords will set for 12+3 break clause. Typical Size 550 sqft 700 sqft 550 sqft 700 sqft 2 Bed Apt 2023-Q4 25,000 45,000 — 35,000 42,000 — Typical Size 700 sqft 1,200 sqft 700 sqft 1,200 sqft 3 Bed Apt 2023-Q4 35,000 50,000 — 40,000 65,000 — Typical Size 1,200 sqft 2,000 sqft 1,200 sqft 2,000 sqft 4 Bed Apt 2023-Q4 63,000 95,000 — 72,000 100,000 Typical Size 3,000 sqft 4,000 sqft 3,000 sqft 4,000 sqft 4/5 Bed House 120,000 180,000 2023-Q4 100,000 130,000
Q4 2023 Housing Matters Report Page 11 Page 13