Mei Lian's "rent trend chart" has risen for 7 consecutive months, reaching a historical high of about 1.15%.

According to the "Rent Trends Chart" of Midland Realty, the average rent per square foot of private residential properties in August, calculated by usable area, was about 38.77 Hong Kong dollars, a monthly increase of about 0.57%. This marks the seventh consecutive month of increase, reaching a new high since July 2019 by approximately 1.15%, at 38.33 Hong Kong dollars. Analyst Ken Sum of Midland Realty believes that with the strong demand for housing in Hong Kong, and the government actively attracting talent to the city, rental prices are expected to further rise in the year, and it is believed that the average rent per square foot of private residential properties in September is likely to approach the level of 39 Hong Kong dollars. Sum pointed out that the "Rent Trends Chart" of Midland Realty has risen by about 2.92% in the first eight months of the year. With July and August being the peak rental season, rent prices have been steadily increasing. After the highest increase in July, the rental prices in August increased by 0.57%, making it the second highest increase of the year, reflecting the strong demand for rental housing during the summer vacation. Sum believes that with the end of the summer vacation, the rate of increase in rental prices in September may slow down, but the upward trend is expected to continue. It is likely that the average rent per square foot will continue to rise, approaching the level of 39 Hong Kong dollars. The continued trend of "rental prices surpassing supply" will continue to drive tenants to buy, while also attracting investors to enter the market, providing support for Hong Kong property prices. On the other hand, the local stock market has been performing well throughout the year, and it is believed that the wealth effect will also attract some funds into the property market. The government will announce the "Policy Address" next week, and if there are favorable measures for the property market, coupled with the market's expectations of a rate cut by the US in the month, Hong Kong banks may follow suit, further providing positive support for the Hong Kong property market.