Mainland Students Rent Tai Po Apartment for HK$14,500 Monthly, Prepay Full Year
SingTao · 1 SOURCESabout 1 hour ago5 MIN
Summary
Two mainland students have rented a one-bedroom unit at Upper Residence (上然) in Tai Po for HK$14,500 per month, paying the full year in advance totaling over HK$170,000. The 304-square-foot apartment on the high floor of Tower 5 was secured after negotiation, with a rental yield of 4.8% for the landlord who purchased the unit in 2025 for HK$3.61 million. A separate transaction at nearby Cui Ping Garden saw a mainland male student rent a 269-square-foot unit for HK$14,000 monthly, also prepaying one year, generating a 5.8% rental yield for the property owner.
Key Points
- Two mainland students renting Upper Residence, Tower 5, High Floor, Unit A2; usable area 304 sq ft, 1-bedroom; monthly rent HK$14,500 after negotiation; rent per sq ft approx. HK$48
- Tenants chose the property because building is new, layout suitable, and rent reasonable; they will study in Hong Kong this academic year; opted to prepay one year for convenience
- Property owner purchased this unit in 2025 for HK$3.61 million; current rental generates 4.8% yield
- Nearby Cui Ping Garden, Block D, High Floor, Unit 08; usable area 269 sq ft, 1-bedroom; monthly rent HK$14,000 after negotiation; rent per sq ft approx. HK$52
- Cui Ping Garden tenant is a mainland male student enrolling at Education University; found location convenient and layout suitable; prepaid full year; landlord purchased unit in 2024 for HK$2.9 million; yield 5.8%
Why It Matters
The surge in mainland students choosing to prepay annual rent reflects the strong demand for quality housing near Hong Kong universities, particularly in the New Territories. This trend benefits property owners seeking reliable tenants while highlighting the growing financial capacity of incoming mainland students who can commit to full-year payments upfront .
The surge in mainland students choosing to prepay annual rent reflects the strong demand for quality housing near Hong Kong universities, particularly in the New Territories. This trend benefits property owners seeking reliable tenants while highlighting the growing financial capacity of incoming mainland students who can commit to full-year payments upfront .