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As more expats flock to Hong Kong, luxury home rents poised for further upswing

The top source of foreign finance executives moving to Hong Kong is coming from Europe and the US, says relocation firm

3-MIN READ3-MIN ListenCheryl ArcibalPublished: 12:00pm, 26 Aug 2026Updated: 12:09pm, 26 Aug 2026Hong Kong’s growing number of expatriates is boosting the city’s residential property leasing market with luxury rents likely to rise by about 5 per cent this year and continue their upswing in 2027, according to property consultancy JLL.The private residential rental index by the Rating and Valuation Department had surged by 18.5 per cent as of June to 205.8 from the Covid-19 pandemic trough in January 2023, which was 173.6, marking the first sustained breach of the 200 threshold.

“Hong Kong’s residential leasing market has entered a renewed expansion cycle in 2026,” JLL said in a statement.

Relocation firm Dwellworks Hong Kong also disclosed that Europe and the US were the top sources of finance executives flocking into the city.

Read original at South China Morning Post

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