Yuen Long Flat Rented Under HK$10,000 as Landlord Enjoys 27% Rental Yield
AM730 · 1 SOURCESabout 3 hours ago2 MIN
Summary
A local tenant has rented a mid-floor unit in a Yuen Long single-block building for HK$9,500 per month. The 252-sq-ft flat with a two-bedroom layout was found through the Ricacorp platform, achieving a rate of HK$37.7 per sq ft. The landlord purchased the property in 2000 for approximately HK$420,000, now generating an impressive 27% annual rental yield. A nearby comparable unit was leased to a medical professional for HK$11,200 per month.
Key Points
- The unit at Yik Fat Building on Fung Yau North Street spans 252 sq ft with original two-bedroom layout, rented for HK$9,500 monthly (HK$37.7/sq ft)
- Tenant discovered the listing through Ricacorp's authentic property platform and was satisfied with the unit's layout and neighbourhood amenities
- Landlord bought the property in 2000 for approximately HK$420,000, now enjoying an extraordinary 27% annual rental yield
- Yik Fat Building (1983) on Fung Yau North Street comprises 115 units in Yuen Long's town centre
- Nearby Nin Fat Building (2 blocks, 304 units) unit rented to medical staff for HK$11,200 (HK$37.2/sq ft); landlord's 4% yield from 2017 purchase
Why It Matters
Early 2000s property purchases in Yuen Long are delivering exceptional investment returns, with some landlords earning yields nearly seven times higher than those who bought more recently. The consistent per-sq-ft rental rates across the neighbourhood signal stable tenant demand from diverse groups, including medical professionals, near the MTR station and YOHO MALL. This market dynamic highlights how acquisition timing dramatically shapes landlord profitability in Hong Kong's residential rental sector.
Early 2000s property purchases in Yuen Long are delivering exceptional investment returns, with some landlords earning yields nearly seven times higher than those who bought more recently. The consistent per-sq-ft rental rates across the neighbourhood signal stable tenant demand from diverse groups, including medical professionals, near the MTR station and YOHO MALL. This market dynamic highlights how acquisition timing dramatically shapes landlord profitability in Hong Kong's residential rental sector.