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Hong Kong’s luxury rents seen rising as expat demand grows

JLL said Hong Kong’s residential leasing market entered a renewed expansion cycle in 2026, with the private rental index up 18.5% as of June.

Reported · Written up by our desk · Residential

Hong Kong’s growing expat population is supporting demand in the residential leasing market, with JLL expecting luxury rents to rise by about 5.0% in 2026 and continue climbing in 2027.

According to JLL, Hong Kong’s private residential rental index by the Rating and Valuation Department jumped 18.5% as of June to 205.8 from the Covid-19 trough in January 2023, when it stood at 173.6. The index marked the first sustained breach of the 200 threshold, signaling a stronger rental cycle.

JLL said the city’s residential leasing market has entered a renewed expansion cycle in 2026. Separately, relocation firm Dwellworks Hong Kong said Europe and the US were the top sources of finance executives moving to the city.

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