Luxury houses on The Peak in Hong Kong as of 7 August 2014. Photo: SCMP
Rental charges at Hong Kong’s ultra-luxury abodes fall by 30 per cent as expatriates and mainland Chinese renters stay away
- Three-storey town houses of around 3,000 square feet (279 square metres) at the South District and on The Peak are now available for between HK$150,000 and HK$200,000 per month, up to 30 per cent less than what they were three to four months ago, agents said
- Other agents have noted declines of between 5 per cent and up to 7 per cent in rental charges
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Hong Kong property
Luxury houses on The Peak in Hong Kong as of 7 August 2014. Photo: SCMP