Zhongyuan Property Consultants' senior regional sales manager, Kwok Zhengxian, reports that a 3-bedroom suite with a workers' room and an ocean view in Sai Wai Phase 2 South Coast building 7, measuring 1377 square feet, is renting for a monthly rate of more than 70,900 HKD, with the car park included, at an effective rent of around 51 HKD per square foot. The new tenant, described as a professional, moved into the southern area for their child's schooling and was attracted by the practical layout and scenic view. The property was acquired by the owner for 8.8 million HKD including the car park in 2005, and the current rental yield is 9.5%. In another development, Wu Yulan, an associate director at Lee KaKe Estate Agency, reports that a 3-bedroom unit in Garden View Phase D of Fo Tan, measuring approximately 596 square feet, is now renting for 23,500 HKD per month, representing a rent of about 39 HKD per square foot. The tenant is a high-skilled person, found the unit through an online property platform, appreciated the open sea view and layout, and the owner's asking rent was competitive. The property was purchased by the owner in 2025 for approximately 6.2 million HKD, and the current rental yield is around 4.5%.
The rental market in Hong Kong's residential sector continues to be driven by the housing preferences of the city's professional and high-skilled residents. Notably, large ocean-view suites are particularly attractive, with the recent rental agreement of a 3-bedroom unit at Sai Wai Phase 2 South Coast offering an annual rental return of 9.5%, showcasing the rental attractiveness of the area. Meanwhile, lower rent rates for properties in places like Fo Tan are appealing to a different demographic, illustrating the diverse needs and preferences within the local rental market.