Luxury residential property markets in Asia-Pacific monitored by real estate firm JLL during the second quarter of the year saw limited price gains.
Of the eight markets monitored only Manila and Beijing saw prices rise above 1 percent quarter-on-quarter (QoQ).
Manila (pictured) saw a 1.1 percent rise QoQ and a 5.8 percent price rise compared with the same period during 2015.
Elsewhere in Southeast Asia, JLL reported that luxury residential property markets were generally performing similarly to the previous quarter, with difficulties persisting in the high-end sector in both Jakarta and Kuala Lumpur.
Sales activity in the high-end sector in Bangkok, similarly to that in Manila, was reported as healthy.
On a year-on-year basis luxury residential property prices in Singapore and Hong Kong declined.
JLL said that further price corrections are expected in Hong Kong and Singapore before the end of the year.
This, it said, was due to challenging economic conditions weighing on buying sentiment.
