Bad news for Hong Kong tenants as rents predicted to chart record-high in coming months

Housing rents in Hong Kong are expected to recoup all the losses caused by the social unrest and the Covid-19 pandemic, with analysts predicting a record in the coming months as the economic outlook brightens.Rents climbed for a sixth month in August for a cumulative gain of 4.7 per cent to 182.2, according to an index published by the Rating and Valuation Department. The index reached an all-time high of 200.1 in August 2019 before crashing in the subsequent nine months amid anti-government…

Bad news for Hong Kong tenants as rents predicted to chart record-high in coming months
Housing rents in Hong Kong are expected to recoup all the losses caused by the social unrest and the Covid-19 pandemic, with analysts predicting a record in the coming months as the economic outlook brightens.Rents climbed for a sixth month in August for a cumulative gain of 4.7 per cent to 182.2, according to an index published by the Rating and Valuation Department. The index reached an all-time high of 200.1 in August 2019 before crashing in the subsequent nine months amid anti-government…