Apartment Rentals Hong Kong Are World’s Third Most Expensive
According to a global survey of expatriate housing costs, residential apartment rentals in Hong Kong jumped 22% year-on-year, making the Chinese territory the third most expensive rental market in the world. Hong Kong had been ranked ninth in price previously by ECA International, a consulting firm. The average rent per month for a two-bedroom Hong Kong apartment is equivalent to $2830/mo. Only Tokyo and Moscow are more expensive, with Tokyo topping the list at an average monthly rent of $4,352.
ECA compiled the rankings by surveying real-estate agents in 120 cities. When focusing in on high-end real estate, then Hong Kong rents jump even more to second place on the list behind Moscow for luxury two-bedroom homes. For luxury three-bedroom apartments, Hong Kong is most expensive in the world, at an average rent of $16,700/mo.
