Taipei breaches top 10 Asian expensive cities list: survey


TAIPEI — Taipei is the ninth most expensive city in Asia in terms of high-end residential rentals, according to an annual survey released yesterday by a British human resources consulting company. Taipei climbed four spots from its 2010 ranking in Asia and shot up nine notches from 52nd to 43rd globally, the ECA International survey showed.

It is the first time that Taipei has been listed among the 10 most expensive cities in Asia since the survey was first conducted in 1996.

The survey, carried out in September 2011, showed that the average monthly rent for a three-bedroom, unfurnished apartment in Taipei was about US$3,200.

This represented a 16 percent annual increase, the ECA survey showed.

The cost of rented housing in Taipei is approximately the same as in many big cities in the United States such as Boston and Miami, according to the survey that covers more than 130 cities globally.

However, Taipei still remains competitive since its other economic indices such as inflation and unemployment are at “healthy” levels, according to Quane Lee, ECA International’s regional director for Asia. Hong Kong was listed as the most expensive city both regionally and globally in terms of high-end apartment rentals, followed by Tokyo.

Rounding out the top 10 list in Asia were Singapore, Mumbai, Seoul, Shanghai, New Delhi, Beijing, Taipei and Jakarta, in that order.