Singer and actor Jeffrey Ngai has moved into a luxury duplex in Hong Kong's Mid-Levels East, with a monthly rent of approximately US$16,581.
Key facts
- •Jeffrey Ngai is 28 years old and will be neighbors with singer-songwriter Tyson Yoshi.
- •The luxury rental market saw 141 transactions in The Peak and Southern district in August.
- •Commercial Radio DJ Bonnie Wong Ching-yi recently rented a home in Kadoorie Hill for HK$70,000 per month.
- •Ngai's advertising endorsement fees start at over HK$1 million per contract.
- •Luxury property rentals are historically more active in the second half of the year.
Hong Kong singer, actor, and model Jeffrey Ngai Tsun-sang has moved into a luxury duplex in the Mid-Levels East neighborhood. Market sources report the monthly rent for the property is HK$130,000, or approximately US$16,581.
By the numbers
Luxury Rental Market Trends
According to Joseph Yan of Centaline Property, the luxury rental market remains buoyant, with 141 transactions recorded in The Peak and Southern district during August. Properties commanding monthly rents between HK$80,000 and HK$150,000 are currently the most sought-after, particularly in the Repulse Bay area. Agents note that the second half of the year is typically more active for luxury rentals as families seek homes near preferred schools.
Ngai's Industry Standing
Entertainment industry insiders suggest that Ngai’s market value is comparable to the boy band Mirror. His standard fees for advertising endorsements reportedly start at over HK$1 million, with appearance fees for brand events reaching at least HK$500,000. His annual earnings are projected to exceed HK$10 million.
Advertisement
This article was independently rewritten by ManyPress editorial AI from reporting originally published by SCMP Business.
