Table 7. Central Business District Office Business Vacancy Rates and Rental Yields. | ||||||||
Vacancy Rates | Rental Yield | |||||||
1997 | 1998-99 | Jun-97 | ||||||
Seoul | 9.50% | |||||||
Jakarta | 10% | 20% | 7.20% | |||||
Kuala Lumpur | 3% | 20% | 5.80% | |||||
Manila | 1% | 3% | 9.30% | |||||
Singapore | 8% | 12% | 3.90% | |||||
Bangkok | 15% | 20% | 6.80% | |||||
Hong Kong | 6% | 10% | 3.50% | |||||
Shanghai | 30% | 40% | 8% | |||||
Taipei | 4.80% | |||||||
Source: JP Morgan "Asian Financial Markets," January 1998. 1997 figures for vacancy rates are | ||||||||
estimates; 1998-99 figures are forecasts. |