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

Chart: Price to Income Ratio

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
1	Shanghai, China	50.1	1.5	1.5	64.5	65.9	392.5	0.3
2	Shenzhen, China	42.6	1.1	1.2	95.1	81.3	332.6	0.3
3	Hong Kong, Hong Kong (China)	42.1	1.7	1.7	59.0	58.2	275.9	0.4
4	Suzhou, China	41.3	2.1	2.3	46.8	42.7	327.5	0.3
5	Guangzhou, China	37.4	1.1	1.4	93.4	70.3	292.7	0.3
6	Beijing, China	35.6	1.5	1.7	64.6	57.8	275.7	0.4
7	Hangzhou, China	29.0	1.6	1.8	62.6	55.9	230.6	0.4
8	Taipei, Taiwan	28.7	1.1	1.6	92.6	63.8	169.5	0.6
9	Seoul, South Korea	27.7	1.2	1.4	86.2	72.5	202.3	0.5
10	Nanjing, China	25.3	1.6	1.8	61.5	55.7	193.1	0.5
11	Macao, Macao (China)	23.3	1.8	2.2	54.4	44.6	145.8	0.7
12	Taichung, Taiwan	19.1	1.9	2.6	53.8	38.4	112.1	0.9
13	Chengdu, China	18.4	2.2	2.2	45.5	45.7	145.7	0.7
14	Ulaanbaatar, Mongolia	18.1	7.0	8.3	14.3	12.0	163.2	0.6
15	Kaohsiung, Taiwan	14.5	1.8	2.9	54.2	34.8	90.3	1.1
16	Tokyo, Japan	12.4	3.0	3.0	33.3	32.9	71.9	1.4
17	Hsinchu, Taiwan	9.1	1.9	2.0	53.3	51.1	52.6	1.9