Hong Kong has the world's priciest apartment rents, with the lease for a three-bedroom unit costing more than 9,700 US dollars on average a month, a survey released Wednesday said.
Singapore, which positions itself as a Southeast Asian business hub, saw Asia's biggest year-on-year rental increase of more than 30 percent last year, the survey by human resources firm ECA International showed.
The survey covered 2007 and is based on lease prices for a three-bedroom apartment in popular expatriate areas, ECA International said.
Asian cities, led by Hong Kong, accounted for six out of the top 10 locations that have the world's most expensive rentals for three-bedroom apartments, it said.
Other Asian cities in the top 10 global list are Mumbai which ranked sixth, Seoul seventh, Singapore ninth, and Ho Chi Minh City 10th. More...
See also: New Delhi to become "world-class city".
And this: Face-lift a city, and the poor get screwed...
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