Hanoi in top 10 cities with expensive 1-bedroom apartment rental prices in Asia

(Dan Tri) - With a rental price of 688 USD/month, Hanoi is one of the 10 cities with the most expensive 1-bedroom apartment rental prices in Asia, according to the ranking of Global Property Guide.

Recently, research firm Global Property Guide published a report ranking average rental prices in some major cities in Asia. The data from the report was based on data collected in April from official sources in the real estate market in each country. The published data is the average price per square meter and the average monthly rental price for a one-bedroom apartment in the most expensive area in each city. With a rental price of 688 USD/month, Hanoi is one of the 10 cities with the most expensive rental prices for a one-bedroom apartment in Asia according to Global Property Guide. Topping the list of expensive rentals is Singapore with an average rental price of up to 4,590 USD/month. Ranked second is Hong Kong with 2,173 USD/month. Jakarta, Indonesia, has a rent equivalent to Hanoi at $698/month. In terms of average selling price per square meter, Hong Kong is the most expensive city at $25,082/m2. Meanwhile, the average selling price in Hanoi is $2,280/m2. According to this ranking, Jakarta is the locality with the cheapest real estate price at $1,726/m2. According to the report, in 2023, the Asian real estate market will face a crisis in the context of economic recession and rising inflation. In Hong Kong, housing construction activities decreased by more than 34% compared to the same period in 2022. Residential real estate prices here are adjusted for inflation and decreased by more than 9% in 2023. This unit also said that housing prices in Ho Chi Minh City decreased by 1.18%, in Malaysia decreased by 1.06%. In contrast to the general downward trend, home prices in cities like Taipei (Taiwan) and Singapore are still expected to increase by 5.17% and 2.74% respectively in 2023. In the report, experts said that the global housing market is gradually stabilizing as inflationary pressures ease in many countries and central banks pause interest rate hikes. According to CNBC , rent is one of the major expenses for an individual or family living in big cities. Financial experts advise not to spend more than about 30% of income on rent.

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Source: https://dantri.com.vn/bat-dong-san/ha-noi-lot-top-10-thanh-pho-co-gia-thue-can-ho-1-phong-ngu-dat-do-o-chau-a-20240511103209701.htm