Eastern Asia: Property Prices Index by City 2023 Mid-Year

Chart: Price to Income Ratio
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Rank
City
Price To Income Ratio
Gross Rental Yield City Centre
Gross Rental Yield Outside of Centre
Price To Rent Ratio City Centre
Price To Rent Ratio Outside Of City Centre
Mortgage As A Percentage Of Income
Affordability Index
Shanghai, China 50.1 1.5 1.5 64.5 65.9 392.5 0.3
Shenzhen, China 42.6 1.1 1.2 95.1 81.3 332.6 0.3
Hong Kong, Hong Kong (China) 42.1 1.7 1.7 59.0 58.2 275.9 0.4
Suzhou, China 41.3 2.1 2.3 46.8 42.7 327.5 0.3
Guangzhou, China 37.4 1.1 1.4 93.4 70.3 292.7 0.3
Beijing, China 35.6 1.5 1.7 64.6 57.8 275.7 0.4
Hangzhou, China 29.0 1.6 1.8 62.6 55.9 230.6 0.4
Taipei, Taiwan 28.7 1.1 1.6 92.6 63.8 169.5 0.6
Seoul, South Korea 27.7 1.2 1.4 86.2 72.5 202.3 0.5
Nanjing, China 25.3 1.6 1.8 61.5 55.7 193.1 0.5
Macao, Macao (China) 23.3 1.8 2.2 54.4 44.6 145.8 0.7
Taichung, Taiwan 19.1 1.9 2.6 53.8 38.4 112.1 0.9
Chengdu, China 18.4 2.2 2.2 45.5 45.7 145.7 0.7
Ulaanbaatar, Mongolia 18.1 7.0 8.3 14.3 12.0 163.2 0.6
Kaohsiung, Taiwan 14.5 1.8 2.9 54.2 34.8 90.3 1.1
Tokyo, Japan 12.4 3.0 3.0 33.3 32.9 71.9 1.4
HsinChu, Taiwan 9.1 1.9 2.0 53.3 51.1 52.6 1.9