Shifts in Asia’s rental markets are less dramatic than they appear

Quick Summary:

The shifts in rental markets such as Hong Kong, Singapore and Bangkok have shared themes which need to be put into proper perspective.

The share of median income required to service median flat rents in Sydney rose to a record high of 30.4 per cent in March, according to data from CoreLogic and Australia and New Zealand Banking Group.

While lower borrowing costs will help revive the sales market, increasingly attractive rental yields and a shortfall of new private homes in the coming years should support the rental market.

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Article Details

Author / Journalist: Nicholas Spiro

Category: Business

Markets: Hong KongAustraliaChinaNew ZealandSingaporeThailand

Topics: Markets Residential Sharp Years Sydney Bangkok Rental Rents Last Market Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-19 @ 16:30:07 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 966 words

Reading Time: 6 minutes read

Sentences: 39 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22135337

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Official Website: scmp.com

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