SHORT TERM APARTMENTS RENTAL SOLUTIONS
A customised solution for both landlords & tenants to create a win-win situation
Unlocking the Benefits of Short-Term Rentals: A Modern Approach to Residential Leasing in Hong Kong
-
Serviced apartments are usually in an en-bloc building owned by one single landlord including housekeeping services, utilities, Wi-Fi and sometimes with other amenities such as gym and swimming pool. What we are talking about here is alternative serviced apartments that are usually owned by individual landlords, but who are willing to provide flexibility for the lease term and additional service unlike a typical landlord of a traditional apartment.
The traditional residential lease model has long been synonymous with a one-year commitment, providing stability for both landlords and tenants. However, in recent years, there has been a paradigm shift in the real estate industry with the rise of short-term rentals i.e. lease terms of less than 1 year.
This new approach not only challenges the conventional leasing model but also offers unique advantages for both property owners and tenants. Therefore, there is a need especially for landlords to explore this dynamic leasing model to cater the need of the evolving residential market in Hong Kong with the key benefits below:
Benefits for Landlords
-
One of the most compelling reasons to specialize in short-term rentals is the potential for higher rental income. Unlike the traditional 1-year lease, monthly rental often offers higher rates. This increased revenue can significantly impact the overall profitability of your property, providing a lucrative alternative for landlords looking to maximize their investment
-
The flexibility of short-term rentals attracts a diverse range of tenants, from business travelers seeking temporary housing to vacationers looking for a home away from home.
-
Landlords can adjust the rental level according to the market situation from time to time, while it also provides the flexibility in selling the properties without the restriction of a long term tenant staying in the apartment.
Benefits for Tenants
-
Typical en-bloc serviced apartments owned by one single landlord usually are smaller than alternative serviced apartments owned by individual landlords at the same price.
-
The supply of typical serviced apartments are limited, the growing no. of alternative serviced apartments has opened up more options.
-
Not all tenants are willing to pay for the premium just for the extra housekeeping services and amenities that are not required. Alternative serviced apartments have the flexibility to eliminate these options at a lower rental level to fit into individual needs.
Short Term Apartments Rental
Short Term Apartments Rental Case Study
Before renovation
How We Doubled Rental Yield for an Old Hong Kong Apartment via Strategic Renovation & Short-Term Leasing?
Turning an Awful Flat into a High-Yield Asset
When a local property investor acquired a run-down, decades-old apartment in Hong Kong, traditional long-term leasing models offered uninspiring returns. The layout was cramped, natural light was blocked by unnecessary partitions, and the overall condition kept rental offers well below market average.
By partnering with ResidenceHK, the landlord transformed this neglected asset into a luxury open-plan short-term rental — increasing monthly rental income by almost 100%.
Here is step-by-step how we repositioned the property, targeted high-value expat tenants, and maximized property valuation.
| Metric | Before Renovation | After ResidenceHK Transformation |
|---|---|---|
| Property Layout | Cramped space with an enclosed kitchen with irregular windows | Bright & modern open-plan layout |
| Target Tenant Profile | Low-budget, long-term residential | Corporate expats/ temporary relocation/ digital nomads |
| Rental Yield Increase | Standard market baseline | ~100% Increment (Doubled) |
| Occupancy Strategy | Traditional 2-year lease with break clause | Flexible short-term rental management |
Three Strategic Steps We Took to Maximize Landlord Value
-
Old Hong Kong apartments frequently suffer from fragmented floor plans—small rooms partitioned by non-structural walls that block natural light and airflow.
The Action: We demolished all interior non-load-bearing walls, converting the space into a seamless, high-end open-plan apartment.
The Value Add: Open-plan living creates a sense of luxury and space that modern corporate tenants demand, making smaller Hong Kong square footage feel significantly larger.
-
The original apartment hidden one of its greatest assets: an incredible panoramic view. Small, dated window frames and ill-positioned walls obstructed natural sunlight.
The Action: We redesigned the entire window structure, installing expansive glass paneling to frame the surrounding view.
The Value Add: In Hong Kong real estate, views directly dictate rental premiums. Enhancing the natural sightlines instantly justified a higher price tier on short-term listing platforms.
-
Long-term leases often tie landlords to fixed rental ceilings. To unlock maximum yield, we transitioned the property into the premium short-term apartment rental market.
The Action: Furnished with modern aesthetic standards and listed as a ready-to-move in-condition, the apartment attracted high-income corporate assignees, relocating professionals, and short-stay business travelers.
The Value Add: Short-term rentals generate significantly higher effective monthly rates (EDR) compared to traditional residential leases, driving a win-win scenario: higher net yields for the landlord and premium flexible living for the tenant.
Why Hong Kong Landlords Partner with ResidenceHK
Managing short-term rental listings, tenant turnover, interior design, and property maintenance requires time and localized market expertise. ResidenceHK handles the end-to-end process for landlords across Hong Kong:
Renovation & Value Advisory: Designing spaces specifically to maximize rental yields.
Full-Service Property Management: Handling check-ins, professional cleaning, and maintenance.
Optimized Pricing Algorithms: Ensuring maximum occupancy and peak rental rates year-round.
Want to Maximize Your Property’s Rental Potential?
Whether you own an aging property that needs complete renovation or want to transition your apartment into a high-yielding short-term rental, ResidenceHK is here to help.
ResidenceHK Customised Landlord’s Solution
-
Rental Increment
Unlock the potential of your property today and elevate your experience with our customised approach to increase rental income through our Exclusive ResidenceHK’s Network.
-
Hassle Free
Our comprehensive one-stop service is designed to seamlessly manage your property without worrying about the hassle created by short-term rental.
-
Alternative Source of Tenants
With strategic marketing through our SEO optimised platform and tenants’ screening process, we minimise your rental void period by consistent leads with quality.
-
Flexibility
Landlords can adjust the rental level according to the market situation from time to time, while it also provides the flexibility in selling the properties without restrictions.
-
Housekeeping Services
We offer flexible housekeeping services to tenants for complementing landlords’ offer. Better tenants’ satisfaction and overall property excellence equates to more stable and higher rental income.
3 key issues for discussion to put you in the best position:
-
How much should we target?
-
Is it necessary to upgrade the apartment?
-
The condition and design of the apartments will have an impact for the type of tenants we can have.