On june 23, the china daily news network ranked dozens of cities around the world in recent days, when rents were taken into account in an apartment search site in the united states. The results show that kuala lumpur, malaysia's capital, is the most suitable city for rent. According to the information received, the annual rent in kuala lumpur represented only one fifth of income。
According to asiancorrespondent, on 23 june, pricewaterhousecoopers recently published a city opportunity report that selected 30 cities around the world that are suitable for living and working. On the basis of this report, the u. S. Apartment search site, rentcafé, ranked these cities through the rental housing affordability index。
On pricewaterhousecoopers' list, kuala lumpur ranks 20, although it leapfrogged into the city most suitable for rental housing in its new report on the apartment website. The average annual income in kuala lumpur was $224,000 (approximately rmb 15. 32 million), while the annual rent was $4,500 (approximately rmb 3. 08 million), which meant that the rent was only 20 per cent of personal income and 80 per cent could be used for other purposes。
Malaysia's neighbour, singapore, ranks second on the pricewaterhousecoopers list, yet, due to rising rents, it ranks twenty-five on the list of rentcafé. Medium-income households in singapore have an annual income of us$ 1005 million (approximately rmb 684,000), while the average annual rent is us$ 444,000 (approximately rmb 304,000), which means that nearly half of the monthly income is spent on rent payments. Singapore's rent-to-income ratio is comparable to that of los angeles and paris。
Jakarta, the capital of indonesia, ranked 19 on the list of suitable rental housing, beijing and shanghai, china, ranked 7th and 8th, and sydney, australia, ranked 9th after shanghai. Seoul, korea, and tokyo, japan, ranked 13th and 14th respectively, and hong kong, china, 15th。
