Crypto and Hedge Fund Workers Boost Hong Kong’s Sluggish Rental Market, Savills Says

A new report by property consultancy Savills Hong Kong suggests that professionals working in the crypto and hedge fund sectors are playing a key role in supporting Hong Kong’s residential rental market, which continues to struggle due to weak traditional demand sources.According to Savills’ research, leasing activity in the first quarter of 2025 remained concentrated in Kowloon and in lower rental brackets, even as expatriates began returning from Singapore.The report noted that traditional luxury enclaves on Hong Kong Island remained relatively subdued, with minimal leasing activity recorded in those areas.Crypto and Hedge Fund Expats Drive New Wave of Rental Demand in Hong KongJack Tong, Director at Savills Research & Consultancy, said that a new wave of renters from mainland China and expatriates working in hedge funds and the crypto industry have driven this shift source: https://cryptonews.com/news/crypto-and-hedge-fund-workers-boost-hong-kongs-sluggish-rental-market-savills-says/