Peak Luxury House Rents at HK$600,000 Monthly as Hong Kong Southside Sets Per-Sq-Ft Record
SingTao · 1 SOURCESabout 2 hours ago2 MIN
Summary
The luxury residential rental market in Hong Kong continues to demonstrate robust activity, with a prominent detached house at 11 Peak Plantation Road on the Peak commanding a monthly rent of HK$600,000, translating to approximately HK$94 per square foot for its 6,372 square feet of space . Separately, a four-bedroom dual-ensuite unit at Marine Point Tower 1A of the Victoria Pointe development above Wong Chuk Hang Station fetched over HK$133,300 per month, setting a new rent record for that estate . In the mid-levels segment, a mid-floor apartment at Grand Promenade Tower 2 was leased for HK$180,000 monthly at roughly HK$84 per square foot . Activity in the mass market segment was also notable, with transactions recorded in Tai Po and Quarry Bay as tenants sought value in more affordable districts .
Key Points
- A detached house at 11 Peak Plantation Road, measuring 6,372 square feet, was leased for HK$600,000 per month (HK$94 psf), representing a significant transaction in the super-luxury segment .
- A 1,450-square-foot four-bedroom dual-ensuite unit at Marine Point Tower 1A, Phase 4B of Victoria Pointe above Wong Chuk Hang Station, rented for over HK$133,300 monthly (HK$92 psf), setting a new record for the estate .
- A 2,153-square-foot three-bedroom dual-ensuite unit with storage at Grand Promenade Tower 2, Mid-Levels Central, leased for HK$180,000 per month (HK$84 psf) .
- A 1,017-square-foot three-bedroom unit at Grandview Court Tower 3, Tai Po, was rented for HK$29,000 monthly (HK$29 psf) after negotiations, with the tenant being a local district resident .
- A 582-square-foot two-bedroom unit at South Mountain House, Taikoo Shing, Quarry Bay, was immediately leased for HK$28,000 per month (HK$48 psf) upon viewing .
Why It Matters
The sustained strength in Hong Kong's luxury residential rental market, as evidenced by record-setting transactions on the Peak and in the Hong Kong Southside area, signals continued confidence among high-net-worth tenants willing to pay premium rents for prestigious addresses . The combination of super-luxury rentals and active mid-market activity suggests a two-tier rental market, with the mass-market segment also performing steadily as tenants increasingly seek value in suburban locations like Tai Po and Quarry Bay .
The sustained strength in Hong Kong's luxury residential rental market, as evidenced by record-setting transactions on the Peak and in the Hong Kong Southside area, signals continued confidence among high-net-worth tenants willing to pay premium rents for prestigious addresses . The combination of super-luxury rentals and active mid-market activity suggests a two-tier rental market, with the mass-market segment also performing steadily as tenants increasingly seek value in suburban locations like Tai Po and Quarry Bay .