Owners of Hong Kong villas and luxury homes turn to daily leases to find tenants to occupy their investments as buyers stay away
- A four-bedroom villa with a 3,000-sq ft garden at Sun Hung Kai Properties’ Valais in Sheung Shui is available for lease at HK$11,800 a day
- Similar villas at Sino Land’s St Andrew’s Place and The Royal Oaks, also in Sheung Shui, are also available for daily leases
Some owners are putting their landed property out for rent on a daily basis on Airbnb, while others are hiring agents to find medium-term tenants, while fewer buyers are looking at investing in multimillion dollar homes.
A four-bedroom home measuring about 2,000 square feet (186 square metres), with a 3,000 sq ft garden, at the Valais community in Sheung Shui was recently listed for lease at a daily rate of HK$11,800 (US$1,505).
At the rate, the tenant gets to use a pool and gym at the clubhouse, plus a grand piano in the home, with parking for up to eight vehicles, according to listings. The lease could be cut by HK$2,500 a day if the occupier doesn’t need the use of a seven-seat sports utility vehicle (SUV) that comes with it, the listings say.
