智通财经网·2025-08-26 12:19Core Insights - The Hong Kong residential leasing market remains robust in August, driven by increased demand from returning expatriates and tenant relocation activities [1][2] - Despite developers actively converting newly completed projects into rental inventory, high-quality supply in prime locations remains tight, supporting rental resilience [1][2] - The market is expected to see further demand growth in the third quarter as the seasonal leasing peak approaches [1][2] Demand Segmentation - Expatriate demand is diverse, with European financial professionals having a monthly rental budget of HKD 70,000-80,000, favoring larger units in the Mid-Levels; Indian tech professionals have a budget of HKD 50,000-60,000, preferring more affordable areas in West Mid-Levels [1] - Mainland talents, attracted by initiatives like "High Talent Pass," have a budget of HKD 30,000-40,000 and are focusing on emerging residential areas in Kowloon West, such as Nam Cheong and Olympic Station [1] - There is a surge in relocation demand as tenants seek alternative housing within the same district due to landlords selling properties, with some moving to secondary locations to maintain rental levels [1] Developer Strategies - Developers are shifting strategies, with companies like Sino Group converting projects like One Central Place into rental inventory, while Hang Lung Properties has invested HKD 700 million in renovating The Summit to enhance rental competitiveness [1] - The demand for serviced apartments remains steady, supported by an active IPO market and short-term contracts for professionals in finance and law, with budgets generally around HKD 20,000-30,000 [1]