Kuala Lumpur 1.4% rental cost increase between the months of January to June 2018
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Kuala Lumpur 1.4% rental cost increase between the months of January to June 2018
Savills Prime Benchmark Survey outlines the market performance of luxury apartments throughout the Asia Pacific region over the course of 2018, so far.
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Photo by skeeze via PixabayHong Kong's (pictured) luxury apartment market saw a rental cost change increase of 3.7%. -
Supplied: Savills Prime Benchmark SurveyTotal occupancy cost (top 10 average).
Savills Prime Benchmark report as of July 2018 saw the luxury apartment market across the Asia Pacific region rose slightly over the first half of the year for most cities with many seeing increases across changes in rental costs.
As of July 1 2018, the market cycle in the luxury apartment sector has seen a late upswing from:
- Tokyo
- Seoul
- Shanghai
- Osaka
- Guangzhou
- Manila
Beijing and Shenzhen both saw an early downswing, while Taipei and Kaula Lumpur were later.
Early upswing took place in Hong Kong and Singapore.
Top 10 total occupancy cost:
Source: Savills Prime Benchmark Survey
In terms of rental cost changes between the months of January to June 2018, increases were seen by:
- Hong Kong at 3.7%
- Tokyo at 4.6%
- Seoul at 0.2%
- Shanghai at 0.2%
- Beijing at 2.2%
- Osaka at 1.9%
- Shenzhen at 5.1%
- Guangzhou at 0.3%
- Kuala Lumpur at 1.4%
Rental cost changes also saw decreases in:
- Singapore at -1.4%
- Taipei at -3.2%
- Manila at -6.1%
Click here to view Savills Prime Benchmark Survey, July 2018.
For more information or to discuss the report, phone or email Simon Smith, Senior Director at Savills Hong Kong via the contact details listed below.
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