Skip to content

Hong Kong Rental Yield Calculator

Analyse the return on any Hong Kong investment property. Enter the purchase price, monthly rent, and recurring costs to get gross yield, net yield after expenses, and cash-on-cash return if you are using mortgage financing. Typical gross yields in Hong Kong hover around 3.9% — this calculator helps you see what is left after costs.

HK$
HK$
HK$

≈ HK$2.7/sqft/mo

%
HK$

Gross Yield

3.00%

Net Yield

2.04%

Display unit
Net Rental Income/mo
HK$14,200
Cash Flow/mo
HK$14,200
Break-Even Rent
HK$5,800
Rent per sq ft
HK$50
Price per sq ft
HK$20,000

Costs/mo

Management Fees
HK$1,080
Government Rates (HK$/yr)
HK$1,000
Government Rent (HK$/yr)
HK$600
Property Tax (est.)
HK$2,280
Vacancy Allowance (%)
HK$0
Letting Commission
HK$840
Total
HK$5,800

HK average gross yield: ~3.9%

Bank deposit rate: ~3.5–4%

Property Tax Calculation
[A]Rental Income
HK$240,000
[B]Less: Irrecoverable Rent
[C]Assessable Value (A−B)
HK$240,000
[D]Less: Owner-paid Rates
[E](C−D)
HK$228,000
[F]Less: Statutory Allowance (E×20%)
HK$45,600
Net Assessable Value
HK$182,400
Property Tax (×15%)
HK$27,360

Summary/mo

Income

Gross Rental
HK$20,000
Net Rental
HK$14,200

Expenses

Management
HK$1,080
Gov. Rates
HK$1,000
Gov. Rent
HK$600
Property Tax
HK$2,280
Letting Comm.
HK$840
Total Expenses
HK$5,800
Net Income/moHK$14,200
Net Yield2.04%

You might also need

Mortgage CalculatorStamp Duty Calculator

Gross Yield vs Net Yield in Hong Kong

Gross rental yield is simply annual rent divided by purchase price. At HK$15,000/month on a HK$5M flat, that is 3.6%. But net yield strips out the real costs: management fees (typically HK$500–HK$2,000/month), government rates (~5% of rateable value/year), government rent (3% of rateable value/year), property tax (15% of net assessable value), vacancy allowance (typically 1–2 months per 2-year tenancy), and letting commissions (usually 0.5 month per year). After costs, net yields in Hong Kong typically run 1–1.5% below gross. Cash-on-cash return adds the effect of mortgage leverage — if your mortgage repayment exceeds monthly rent, your cash flow is negative even with a positive net yield.

FAQ

Ask Fifi to analyse any investment property for you

Ask Fifi