RENTS HEAD DOWN | South China Morning Post
  • Tue
  • Mar 31, 2015
  • Updated: 1:55am

RENTS HEAD DOWN

PUBLISHED : Friday, 02 March, 2012, 12:00am
UPDATED : Friday, 02 March, 2012, 12:00am
 

A regional report by Savills has found rents for high-end apartments in Hong Kong, Singapore and Seoul have entered an 'early downswing' stage. At US$100 per square metre, Hong Kong's luxury apartments are the second most expensive in Asia after Tokyo, which is at a 'late downswing' stage. Rents for prime villas and town houses in Hong Kong are at a 'late upswing' stage, at US$129 per square foot, which is more expensive than Beijing, Shanghai and Singapore.

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