Square Metre Prices in India compared to Asia

The tax levied on the average annual income on a rental apartment/property in the country based on a gross rental income of $1500/month. We assume that the property is owned by nonresidents. These tax rates might be subject to deductions (e.g from interest payments, costs).

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Hong Kong $ 28,570
Japan $ 16,322
Singapore $ 14,373
China $ 11,829
India $ 10,932
Taiwan $ 10,373
Thailand $ 5,266
Philippines $ 3,952
Malaysia $ 3,441
Cambodia $ 2,913
Indonesia $ 2,595
Vietnam $ 2,280

India launched Residex (India's house price index) in July 2007, through the National Housing Bank (NHB). Since Residex is relatively new, its methodology is being revised every so often. The eventual aim is to cover residential housing for 63 cities, before extending coverage to commercial property and land. At date of writing (early 2014) Residex covered 26 cities, with 2007 as base year. Residex is publicly available and can be accessed at the National Housing Bank's site. General economics statistics are from the Reserve Bank of India.