West Kowloon's new development, The MVP, has seen its first rental transaction since tenants moved in. A middle layer C unit with an area of approximately 48 square meters has been rented at HKD 38,000 per month, with a rental rate of about HKD 74 per square meter. According to So Zhenyu, chief associate regional manager of Allen & Co., the new development has benefited from its entry into the market, as well as the young building age and new units, and its proximity to the MTR, making it an attractive option for renters. With a rental rate of about 3.6 percent, the property owner purchased the unit for approximately HKD 12.56 million in 2025.
Kowloon’s rent market remains strong, with the highest transaction reported in the Jin Huan 2A building. A two-bedroom unit with an area of approximately 43 square meters went for HKD 33,000 per month. Vicky Hsiang, assistant associate director of Allen & Co., noted that Jin Huan 2A is favored for its complete facilities, convenient transportation, and reasonable rent, making it an appealing option for renters. The unit changed hands at HKD 12.73 million in March 2024, translating to a rental return of approximately 3.1 percent.