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.