Hong Kong residential rents hit the biggest summer increase in ten years.

With the strengthening momentum of the recovery in the Hong Kong real estate market, the local housing rental market is expected to see the largest summer increase in a decade. According to Centaline Property, rents in this Asian financial center rose by nearly 4% in the first half of this year. Real estate agents predict that the stable influx of mainland professionals and students, combined with growing demand from expatriates, will lead to the largest year-on-year rental increase since 2016.