Hong Kong has world’s highest apartment rents: survey

Hong Kong has the world’s priciest apartment rents, with the leasefor a three-bedroom unit costing more than $9,700 on average a month, asurvey released Wednesday said.

Singapore, which positionsitself as a Southeast Asian business hub, saw Asia’s biggestyear-on-year rental increase of more than 30% last year, the survey byhuman resources firm ECA International showed.The survey covered 2007 and is based on lease prices for a three-bedroom apartment in popular expatriate are