Hong Kong’s luxury residential rental market is set to continue rising as more expatriates move to the city, according to property consultancy JLL. JLL projects luxury rents will increase by about 5% this year (2026) and that the upward trend is likely to persist into 2027.
Separate reporting also notes that Hong Kong’s private residential rental index has been strengthening. The Rating and Valuation Department’s index rises sharply—about 18.5% as of June—compared with the low during the Covid-19 period, reaching 205.8 from 173.6 in January 2023 and breaking above the 200 mark for an extended stretch. Bloomberg attributes the rental growth primarily to expatriate demand for higher-end homes, while the Hong Kong outlet frames the trend as a broader upswing in response to the expat influx.
