Hong Kong singer, actor, and model Jeffrey Ngai Tsun-sang has recently leased a luxury duplex apartment in Mid-Levels East for HK$130,000 per month, underscoring robust demand within the city’s high-end rental market. Ngai, 28, is set to share the upscale residential precinct with close friend and singer-songwriter Ben Cheng Tsun-yin, also known as Tyson Yoshi, according to market sources.

Real estate professionals note that the luxury rental sector is currently buoyant. Joseph Yan, senior principal district sales director at Centaline Property, reported that there were 141 rental transactions recorded in The Peak and Southern district during August. Apartments commanding monthly rents between HK$80,000 and HK$150,000 attracted the greatest interest, with most deals concentrated in the Repulse Bay area.

Ngai’s popularity in the entertainment industry is reflected in his market value, which insiders say is comparable to that of top boy band Mirror. His advertising endorsement fees typically start at over HK$1 million per campaign, while appearances at brand events are believed to command a minimum fee of HK$500,000. Industry observers estimate his annual earnings exceed HK$10 million.

The luxury rental market in Hong Kong often experiences heightened activity during the summer, a peak period when families seek homes in neighborhoods boasting reputable schools. Agents point out that luxury property rentals tend to be more robust in the latter half of the year compared to the first six months.

In related developments, local media reported last month that Commercial Radio DJ Bonnie Wong Ching-yi, also known as Ah Jeng and a close associate of Ngai, secured a residence in the prestigious Kadoorie Hill area at a monthly rent reported to be HK$70,000. That neighborhood is known for its affluent residents, including prominent figures such as Andy Lau Tak-wah and Kelly Chen Wai-lam. However, Wong later clarified that the rent figure had been overstated.

These recent leases highlight sustained demand for high-end residential properties in Hong Kong’s exclusive districts amid a competitive rental market.