Core Insights - The rental demand in Hong Kong is on the rise due to the government's talent acquisition initiatives, leading to a rental increase of approximately 6.8% in 2023 and an estimated 5.2% in 2024, with a further increase of about 2.9% recorded by August 2023 [1] Rental Trends - July and August are identified as peak rental seasons, with July seeing a rental increase of about 0.7% and August a further increase of approximately 0.6%, indicating strong rental demand during the summer [1] - Specific areas like Tseung Kwan O are highlighted for outperforming the overall market in terms of rental performance [1] Average Rental Rates - The average practical rental rates for various estates as of August 2025 and December 2024 show significant increases, with notable examples including: - Victoria Bay with an average rental of HKD 40.6, up 7.1% from HKD 37.9 [4] - Monterey with an average rental of HKD 47.7, up 6.7% from HKD 44.7 [4] - Other estates like Ling Kai and Ling Do also show increases of 4.4% and 1% respectively [4][2] Transaction Examples - Specific transactions illustrate the rental market dynamics, such as: - A two-bedroom unit in Victoria Bay rented for HKD 20,500, translating to an average rental of HKD 42.4 per square foot [4] - A three-bedroom unit in Monterey rented for HKD 32,000, with an average rental of HKD 46.2 per square foot [4] - Some estates still have average rentals below HKD 30, such as Ling Kai at HKD 28.6, which increased by 4.4% from HKD 27.4 [4]