Here’s how much it costs to rent a 1-bed apartment in 10 Asian cities.

Renting a room can be a big financial decision, especially if you choose to live in a big city where prices are particularly high.

A general rule of thumb is to avoid spending more than about 30% of your pre-tax income on rent, according to financial experts.

Based on data collected in April from national government websites and large real estate markets, Global Property Guide researchers have compiled a list of median rental prices in several major Asian cities. Ta.

The numbers listed below are based on the median purchase price and median monthly rental price per square meter for one-bedroom apartments in the most expensive areas of each city.

Median 1-bedroom rent: $481

Purchase price per square meter: $3,882

Median rent for one bedroom: $688

Purchase price per square meter: $2,280

Median rent for one bedroom: $698

Purchase price per square meter: $1,726

Median rent for one bedroom: $735

Purchase price per square meter: $3,903

Median 1-bedroom rent: $805

Purchase price per square meter: $3,813

Median rent for one bedroom: $816

Purchase price per square meter: $17,551

Median 1-bedroom rent: $1,080

Purchase price per square meter: $6,485

Median 1-bedroom rent: $1,216

Purchase price per square meter: $8,837

Median 1-bedroom rent: $2,173

Purchase price per square meter: $25,802

Median 1-bedroom rent: $4,590

Purchase price per square meter: $16,619

According to a report by Global Property Guide, the Asian housing market faced a downturn in 2023 due to slowing economic growth and an inflationary environment.

“Hong Kong’s housing market continues to struggle, [a] Residential construction activity in the region fell more than 34% year-on-year, and inflation-adjusted residential real estate prices fell more than 9% in 2023, according to the report.

Housing prices in Southeast Asian regions such as Ho Chi Minh City, Vietnam (-1.18%) and Malaysia (-1.06%) also fell.

Meanwhile, cities such as Taipei and Singapore remain resilient despite the overall market environment, with home prices increasing by 5.17% and 2.74% respectively in 2023.

The global housing market appears to be stabilizing overall, with inflationary pressures easing in many countries and central banks pausing interest rate hikes, the report said.

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