We talked to List Sotheby’s International Realty to find out more about the real estate market in Asia
If you travel around Asia frequent enough, you’ll notice that every month, another towering building is being erected in every business district from the newest multi-use complex for offices and retail to massive residential developments. Even across provinces and suburban areas, more and more land areas are being developed non-stop. More and more families are now aiming to own at least 2-3 properties for investment and recreation in the B to C markets across Asia. Despite this seemingly booming industry, we asked the team of List Sotheby’s International Realty what they thought of the market conditions:
Philippine Tatler: Amongst the Philippines (Manila), Hong Kong, Malaysia (Kuala Lumpur), Japan (Tokyo), Singapore, and Thailand (Bangkok), can you rank the most expensive to least expensive cost per square metre?
Sotheby’s: Based on the table of average residential prices below, the most expensive Asian city among the six cities is Hong Kong, while the least expensive is Manila in the Philippines.