Soaring Hong Kong rents: tenants pay more – and fight for shrinking space

Hong Kong renters are facing increased competition and higher prices in a challenging market. Tracy Sung, a business owner with pets, had to outbid others to secure a larger, pet-friendly flat in Tseung Kwan O, paying significantly more rent. She described a harsh environment where prospective tenants offer upfront payments to secure properties. Similarly, Eunice Fermin-Trin and her husband navigated the market, prioritizing space over location and finding a larger flat in Wan Chai for roughly the same price as their previous, smaller one. The article highlights the difficulties tenants face when searching for suitable and affordable housing in Hong Kong's competitive rental landscape.

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