Hong Kong rental market hots up while Singapore boom cools

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Hong Kong rents remain on average about 9 per cent more expensive than Singapore’s, according to Knight Frank data. Read more at straitstimes.com.

– Hong Kong housing rents are rising again as overseas workers return, a recovery that contrasts with the cooling market in rival financial hub Singapore.

The push to reverse a brain drain of talent during the pandemic is encouraging new arrivals to target Hong Kong neighbourhoods popular with professionals, such as Soho and Kennedy Town. “The trend is poised to persist, with Hong Kong’s rental market rebound affirming its resilience as a financial hub,” said Ms Christine Li, head of research for Asia-Pacific at Knight Frank. “Singapore’s decelerating rental market may offer relief to expatriates previously deterred by escalating rents.”

“When there is not just one but several headwinds hitting the residential market, they may choose to rent,” Mr Fisher said, alluding to the recent surge in interest rates on mortgages and the drop in sales.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 8. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Hong Kong rental market heats up while Singapore boom coolsHong Kong rents remain on average about 9 per cent more expensive than Singapore’s, according to Knight Frank data. Read more at straitstimes.com.
La source: straits_times - 🏆 5. / 69 Lire la suite »