Hong Kong’s prime residential rents 50 per cent higher than New York as city tops Knight Frank global survey

Hong Kong ranked as the world’s most expensive city for prime residential rents in the first quarter, over 50 per cent higher than New York, with top executives of mainland firms likely to fuel further demand.Prime rents in Hong Kong’s most expensive areas averaged US$6.7 per square foot, meaning a tenant with a budget of US$10,000 per month would be able to rent less than 1,500 square feet in the first quarter this year, according to a survey released by international property consultants…

Hong Kong’s prime residential rents 50 per cent higher than New York as city tops Knight Frank global survey
Hong Kong ranked as the world’s most expensive city for prime residential rents in the first quarter, over 50 per cent higher than New York, with top executives of mainland firms likely to fuel further demand.Prime rents in Hong Kong’s most expensive areas averaged US$6.7 per square foot, meaning a tenant with a budget of US$10,000 per month would be able to rent less than 1,500 square feet in the first quarter this year, according to a survey released by international property consultants…