Bangkok, Ho Chi Minh, Jakarta and Manila are leading the recovery in Asia’s rental growth in 2024, according to JLL.
markets. But some up-and-coming cities are giving these traditional hubs a run for their money, with some even beating them on rental yields.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyHo Chi Minh City, Vietnam"Vietnam's largest city, Ho Chi Minh City, was also one of the region's performing markets from a residential perspective," according to AllanThis rental growth has been influenced by the stronger rent prices recorded in new high-quality offerings in the city, according to the report.
"We expect new launches to remain muted in Jakarta throughout 2024 which will drive demand for high quality spaces across the city," he said.Manila's residential rental market grew in Q1, as demand from executives and foreigners kept its steady rise amid a recovery in return-to-office rates, according to the report.
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