Hong Kong media: More mainland students return to Hong Kong, rents near Hong Kong universities rose up

Hong Kong's "South China Morning Post" July 7 article, original title: With the relief of the new crown pneumonia, more and more mainland Chinese students returned to Hong Kong, the rent near Hong Kong universities was rising tenants, landlords, and intermediaries that they said that with the epidemic To relieve, mainland students' demand for houses has increased, and the rent of residential areas near the university has been raised, especially in Kowloon Tong and Shatian. This is a rare highlight in the dim market.

Hong Kong college information map, picture source: IC Photo

Luo Yuanhang, a fourth -year student of the Baptist University, rented a 700 -square -foot (approximately 65 square meter) apartment near Kowloon City, which was close to his classroom. He and the other four other students shared this apartment. The lease period began in July. The monthly rent was 16,000 Hong Kong dollars (about 13,600 yuan), which was 7%higher than the rent of the previous tenant. Luo Yuanhang from Sichuan said that the Baptist University does not allow fourth -year students to live in the dormitory, so he and his classmates' houses are more urgent. "If we are not in a hurry to find a residence, the price may be lower." Luo's landlord said that about three or four people came to see the house every day before signing the contract. She doesn't think the house will always be empty. "Usually students start signing a contract from July. If the lease period starts in August, the price will be higher," she said. In general, since September last year, Hong Kong's house rents have been declining. The Hong Kong Lianlian Property estimates that the Hong Kong rental market in July and August is still unstable. Although college students may push up rent in hot summer rental behavior, this may be offset by the overall weakness of the market. Liu Jiahui, chief analyst of the United Property Property, said that the Hong Kong epidemic prevention policy requires most of the entry tourists to isolate at the hotel for 7 days, which will cause some overseas students to hesitate to come back to school. Zhuang Taiqiang, an associate professor at the Department of Economics of the Chinese University of Hong Kong, said that in addition to the performance of the overall market, the main factor affecting residential rent is inflation and wages. "If the economy recovers in the second half of 2022, inflation and wages will rise, which may increase rent," he said. (Author David Ren (Yin), Wen Yuan translated)

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