Tuen Mun Records the Highest Rental Yield for Investors in Hong Kong

Tuen Mun posted the highest gross rental yields among Hong Kong suburbs in the second quarter of 2026, reaching 5.2 per cent on average for private flats, according to transaction records from the Land Registry.

The figure stands out against the citywide median flat price range of HKD 8 million to HKD 10 million. Foreign buyers have increased activity in the New Territories since the government eased stamp duty rates on 1 May 2026, shifting attention from luxury pockets on the Peak and in Mid-Levels toward more affordable districts that still generate steady tenant demand.

Local anchors driving demand

Tuen Mun Station on the Tuen Ma Line and the adjacent V Walk mall anchor daily foot traffic for young professionals commuting to Kowloon offices. The nearby Tuen Mun River Trade Terminal supports logistics workers who prefer short-term leases in the district's newer blocks along Castle Peak Road. These two fixed points keep vacancy rates below 3 per cent even as new supply from the government's Light Public Housing programme comes online in adjacent San Wai.

Median resale prices in Tuen Mun sit at roughly HKD 12,000 per square foot for 500-square-foot units, with monthly rents averaging HKD 22,000. That combination produces the 5.2 per cent yield, outpacing Kowloon mid-tier estates at 3.8 per cent and luxury Mid-Levels properties at 2.1 per cent.

Next steps for buyers

Investors should verify current stamp duty concessions at the Inland Revenue Department before committing, then compare net yields after management fees at specific estates such as The Wings and Hanford Garden. Agents report that units within 400 metres of Tuen Mun Station continue to attract the strongest bidding from mainland and Southeast Asian buyers looking for immediate occupancy.