Asian Flats

Prime residential rents are rising in most markets across the Asia Pacific region, with Bangkok emerging as one of the top three global markets for residential growth. Other Asian cities like Mumbai and Kuala Lumpur are also demonstrating steady rental increases. In contrast, rents are decreasing in China's major cities, except for Beijing, which experienced rental growth, and Hong Kong also saw an increase in rental prices in 2024.

Luxury property transactions grew in Hong Kong due to the inclusion of residential property assets in the Capital Investment Entrant Scheme, commonly known as the investment-migration scheme. This scheme allows wealthy individuals to obtain residency in Hong Kong by investing a certain amount in the local economy. The market is characterised by super-luxury flats purchased not only by locals but also by buyers from mainland China and overseas. 

In Japan, a decline in new home supply will temporarily support housing prices. However, rising mortgage rates and weak demographics will slow growth. In Vietnam, residential real estate is expected to grow in 2025, thanks to a positive economic outlook and increased new supply, pushing demand for home loans to rise.