Core Viewpoint - The average rent per square foot for private residential properties in Hong Kong reached approximately HKD 38.78 in September, with a cumulative increase of about 2.95% over the first nine months of the year [1] Rental Trends - Notable increases in average rent per square foot were observed in properties along railway lines, with some areas seeing over a 10% rise, such as the new Kwai Fong Garden near Kwai Fong Station, Laguna City near Lam Tin Station, and Silver Lake Peak near Wu Kai Sha Station [1] - The convenience of transportation and better living facilities in railway-adjacent properties have made them popular among tenants, contributing to their strong rental performance [1] Specific Property Performance - Properties such as Yulongshan near Fo Tan Station and Xinghe Mingju near Diamond Hill Station recorded nearly a 10% increase in average rent over the first nine months of the year [1] - Other notable increases include approximately 8.9% for the Sky Tower near Kowloon Station, 8.6% for Taihu Garden near Tai Wo Station, and around 7.5% for Kai Wai near Kwun Tong Station [1] - Properties along the Tseung Kwan O Line, such as Tianjin near Tseung Kwan O Station and Blue Bay near Hang Hau Station, also saw increases of about 6.1% and 5.9%, respectively, surpassing the overall market growth [1]

Group 1 - The demand for housing in Hong Kong remains strong, leading to a further increase in private residential rents, with the average rent per square foot reaching approximately HKD 38.02 in April, a month-on-month increase of about 0.4%, marking a new high since July 2019 [1] - The market anticipates three interest rate cuts in the US this year, which may lead to a further decline in mortgage rates in Hong Kong [1] - The recent drop in interbank rates has resulted in a decrease in mortgage rates, with the latest H mortgage rate at 3.23%, which is approximately 0.27% lower than the capped P mortgage rate of 3.5% [1] Group 2 - The residential market has experienced a "rising rent and falling price" phenomenon, contributing to an increase in rental yield, with the latest rental yield for Class A private residential properties recorded at 3.7%, up from 3.3% year-on-year [2] - The rental yield has increased by 1.4 percentage points compared to the low of 2.3% in 2021, indicating a positive trend in rental returns [2] - In April, rents continued to rise, with notable increases in rents along certain railway lines, such as a 9.8% increase at the Kowloon Station's Parkview and approximately 8.8% and 8.4% increases at the Wu Kai Sha Station's Silver Lake Peak and Wong Tai Sin Station's Sun Ching Mountain, respectively [2]