30th September 2026 – (Hong Kong) Private flat rents across Hong Kong have climbed for a tenth straight month to a record high, but several Tseung Kwan O estates have outpaced the wider market by a wide margin, according to fresh analysis from Hong Kong Property’s research department.
Citywide, the Rating and Valuation Department’s August rental index stood at 210.3, up 1.64 per cent on the month — the steepest single-month rise in nearly 27 months. Rents have now risen for 10 consecutive months and set a historic peak, gaining 5.20 per cent over that stretch. From December 2024 the index has been flat or higher for 21 months in a row, for a cumulative rise of 9.59 per cent.
Against that backdrop, Hong Kong Property tracked 10 Tseung Kwan O estates — Ocean Wings, The Mediterranean, The Beaumount, LP6, MALIBU, Tseung Kwan O Plaza, Metro Town, SEA TO SKY, The Capitol and Oceanaire — and found August average saleable rents were 5.8 per cent to 17.9 per cent higher than in December last year. Every one of those gains beat the overall market’s advance.
The sharpest climb was at Ocean Wings, where the August average saleable rent reached about HK$50.1 per square foot, up roughly 17.9 per cent from about HK$42.5 in December. One recent letting cited by the agency was a mid-floor Flat D in Tower 5: 515 square feet saleable, a two-bedroom layout, monthly rent HK$26,300, or about HK$51.1 per square foot.
Next came The Mediterranean at LOHAS Park, where August average saleable rents were about HK$52.2 per square foot, up about 10.3 per cent from roughly HK$47.3 in December. Recent deals included a high-floor Flat A7 in Tower 2 — 288 square feet saleable, one bedroom, HK$15,300 a month, about HK$53.1 per square foot — and a high-floor Flat C3 in the same tower, an open-plan 217-square-foot unit let for HK$14,300, or about HK$65.9 per square foot.
Peter Wong, director of Hong Kong Property’s research department, linked the surge to government efforts to build an “international education hub”, drawing more overseas students alongside inflows of talent that have lifted private rental demand. Tseung Kwan O, he said, sits near tertiary institutions in the Sai Kung district and has attracted large numbers of students, helping usable-floor rents at many local estates outperform the city in the first eight months of the year.
The picture is therefore two-tiered: a record-setting city index after 10 months of gains, and an even hotter pocket in Tseung Kwan O where double-digit estate rises — led by Ocean Wings near 18 per cent — show how education- and talent-driven demand is concentrating in estates close to campuses and new-town amenities. Landlords and tenants alike are pricing that competition into monthly rents that now sit well above last December’s levels across the 10 estates surveyed.
