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A new report by the SAVILLS HONG KONG real estate consulting company suggests that professionals working in the crypto and hedge funds play a key role in the support of the Hong Kong residential rental market, which continues to fight due to small traditional sources of demand.
According to Savills research, the rental activity in the first quarter of 2025 remained concentrated in Kowloon and in the lower rental media, even if the expatriates began to return from Singapore.
The report noted that traditional luxury enclaves on the island of Hong Kong have remained relatively moderate, with a minimum rental activity recorded in these regions.
Jack Tong, director of Savills Research & Consultancy, said that a new wave of continental China tenants and expatriates working in Hedge Funds and the cryptography industry have led to this change.
Savills mentioned that in the fourth quarter of 2024, luxury residential rents in Kowloon increased by 3.9%, while rents on the island of Hong Kong fell by 0.2%.
A notable lease included an apartment of 1,478 square feet at Austin at West Kowloon, which rented for $ 75,500 HK (around US $ 9,700) per month.
Government support in the virtual asset sector has contributed to the influx.
Since a deployment of politics in October 2022, Hong Kong has issued 10 licenses to virtual active trading platforms, including three approvals in only 2025.
Bullish, an exchange of crypto based in New York, was among the newly approved, marking the first international platform to obtain Hong Kong approval.
The member of the Legislative Council and Technological Entrepreneur Johnny NG Kit-Med said that more than 1,000 companies related to the crypto have moved to Hong Kong since 2022, which further increases the request for office and residence space.
“The prospects are promising,” he added, noting growing hiring needs among blockchain exchanges and companies.
The speculative fund sector also contributes to the resumption of rental. Savills quoted Point72 Asset Management renting four floors in the Henderson in the center, while the quantitative trading company Jane Street took care of the previous space of Point72 in Chater House.
Expatriates from Europe and the United States have returned to the region to capitalize on market volatility across Greater China and Japan.
Many rent more recent apartments on the island of Hong Kong with monthly budgets between $ 60,000 HK and $ 80,000 HK.
The senior executives moving with families are looking for larger houses in high -end areas such as the peak or the level of levels, with budgets ranging from $ 100,000 HK to 200,000 HK $ per month.
A luxury house on Mount Kellett Road rented for $ 420,000 HK per month, according to Savills.
Meanwhile, Chinese entrepreneurs on the continent promote apartments served for their flexibility.
These business travelers spent more than $ 100,000 HK per month on temporary residences in prestigious developments such as the Four Seasons and Rosewood for stays of three to six months.
As indicated, Hong Kong will introduce a more detailed framework for virtual asset policy by the end of the year, while the city continues to refine its approach to web3 and related technologies, financial secretary Paul Chan said on Monday.
Speaking at the Hong Kong Web3 festival, Chan said that the next policy declaration would broaden the previous commitments of the government, emphasizing the use of web3 to improve traditional financial services.
Crypto employees and hedge funds increase the slow rental market in Hong Kong, says Savills, according to Savills, appeared first on Cryptonews.