Leasing activity in popular housing estates has decreased, with rent reports showing mixed performances in different districts, according to estate agents.
Ricacorp Properties said although there was a decline in leasing transactions last month, rents in most private housing estates in Kowloon and Hong Kong Island had risen.
Rents in South Horizons picked up 5.5 per cent to $19 per square foot a month, while those in Mei Foo Sun Chuen grew 7.7 per cent to $14 per sq ft, it said.
Rents in Whampoa Garden, Hunghom, rose 5 per cent to $21 per sq ft.
In Shatin One, rents were up 7.1 per cent to $15 per sq ft.
In Heng Fa Chuen, however, rents fell 2.4 per cent to $20.5 per sq ft and those in Laguna City dropped 2.7 per cent to $17.5 per sq ft.