Asia: Landlord and tenant laws
The amount of control the landlord has over his property, measured on a five-point rating scale:
- Strongly Pro-landlord = 2
- Pro-landlord = 1
- Neutral = 0
- Pro-tenant = -1
- Strongly Pro-tenant= -2
We look at factors such as the following:
- Can rents be freely agreed between landlord and tenant?
- Can the landlord collect security and rental deposits, and are the amounts limited?
- Must contracts be for specified periods? Can either landlord or tenant terminate early, and what are the penalties for early termination? Does the tenant have a right to extend?
- Does the court system work? How long can it take to evict a tenant for non-payment of rent?
For fuller details see the Data FAQ. The resulting rating is the Global Property Guide's view, and not necessarily that of the contributing law firm (in cases where we have asked law firms for contributions and input).
Source: Global Property Guide Research, Contributing Law Firms
Statistics in Asia. Asia has surprisingly good house price statistics, though the quality varies greatly. The ex-British colonies tend to have good house price statistics Hong Kong, Singapore and Malaysia all have excellent houses price time series, the best being Hong Kong, where the data is arguably richer than in the UK, since there are official rents statistics. However in the Indian sub-continent, only India has house price statistics, and this only in a new series, not yet available on the web.
Japan publishes no house price statistics. Its ex-colonies do better: Korea has a good house price time-series, and Taiwan also has one.
Indonesia has house price statistics, and so does China (both of questionable quality). In Thailand, the Bank of Thailand publishes a time-series. In the Philippines, Colliers produces residential property data.
No house-price time-series are produced in Vietnam, Cambodia, or Laos.