Average monthly rent per square foot for subdivided flats in Hong Kong ‘shockingly’ higher than that for private housing, survey finds
- Findings show average rent per square foot for such units on Hong Kong Island is most expensive at HK$52.60, with an extreme case hitting HK$91.70
- In contrast, corresponding figures for private flats are HK$40.70 on Hong Kong Island, HK$36.80 in Kowloon and HK$28.50 in the New Territories
The average monthly rent per square foot for subdivided flats in Hong Kong is “shockingly” higher than that for private housing across the city, a survey has found.
The survey, released on Saturday, was conducted by Chinese University researchers and the Concerning Grassroots’ Housing Rights Alliance, which also urged the government to consider setting an initial rent guideline for all subdivided flats in addition to previously proposed control measures.
The university’s Institute of Future Cities collected data on rent between August and September from around 1,500 residents living in subdivided flats, and found these units had an average size of only 121 sq ft with a monthly rent of HK$5,000 (US$642).
According to the institute, the average rent per square foot for subdivided units on Hong Kong Island is the most expensive at HK$52.60, followed by HK$44 for flats in the New Territories and HK$41.30 for Kowloon properties.
