The average for 2021 based on 10 countries was 59.91 index points. The highest value was in Singapore: 118.34 index points and the lowest value was in India: 40.44 index points. The indicator is available from 2017 to 2021. Below is a chart for all countries where data are available.

South Korea's capital Seoul had the highest cost of living among megacities in the Asia-Pacific region in 2024, with an index score of ****. Japan's capital Tokyo followed with a cost of living index score of ****. AffordabilityIn terms of housing affordability, Chinese megacity Shanghai had the highest rent index score in 2024. Affordability has become an issue in certain megacities across the Asia-Pacific region, with accommodation proving expensive. Next to Shanghai, Japanese capital Tokyo and South Korean capital Seoul boast some of the highest rent indices in the region. Increased opportunities in megacitiesAs the biggest region in the world, it is not surprising that the Asia-Pacific region is home to 28 megacities as of January 2024, with expectations that this number will dramatically increase by 2030. The growing number of megacities in the Asia-Pacific region can be attributed to raised levels of employment and living conditions. Cities such as Tokyo, Shanghai, and Beijing have become economic and industrial hubs. Subsequently, these cities have forged a reputation as being the in-trend places to live among the younger generations. This reputation has also pushed them to become enticing to tourists, with Tokyo displaying increased numbers of tourists throughout recent years, which in turn has created more job opportunities for inhabitants. As well as Tokyo, Shanghai has benefitted from the increased tourism, and has demonstrated an increasing population. A big factor in this population increase could be due to the migration of citizens to the city, seeking better employment possibilities.

In 2023, approximately ** percent of the population in Papua New Guinea were living in rural areas. In comparison, approximately ***** percent of the population in Japan were living in rural areas that year. Urbanization and development Despite the desirable outcomes that urbanization entails, these rapid demographic shifts have also brought about unintended changes. For instance, in countries like India, rapid urbanization has led to unsustainable and crowded cities, with **** of the urban population in India estimated to live in slums. In China, population shifts from rural to urban areas have aggravated regional economic disparities. For example, the migration of workers into coastal cities has made possible the creation of urban clusters of immense economic magnitude, with the Yangtze River Delta city cluster accounting for about a ******of the country’s gross domestic product. Megacities and their future Home to roughly 60 percent of the world’s population, the Asia-Pacific region also shelters most of the globe’s largest urban agglomerations. Megacities, a term used for cities or urban areas with a population of over ten million people, are characterized by high cultural diversity and advanced infrastructure. As a result, they create better economic opportunities, and they are often hubs of innovation. For instance, many megacities in the Asia-Pacific region offer high local purchasing power to their residents. Despite challenges like pollution, income inequality, or the rising cost of living, megacities in the Asia-Pacific region have relatively high population growth rates and are expected to expand.

This data collection provides information on the national attributes of 17 Asian nations in the period 1956-1968. Data are provided for economic, political, and physical attributes of the various nations. Information is provided on the gross national product (GNP), cost of living index, index of agricultural production, military expenditures, population size, size and orientation of the Communist Party, size of the armed forces, political strikes, riots, anti-government demonstrations, organized armed attacks, armed attacks with external involvement, on-going insurgency supported by the Soviet Union, assassination of officials, political turmoil and strikes, riots, irregular power transfers, government censorship, economic aid from intergovernmental organizations, and United Nations vote on acceptance of Communist China.

The global international health insurance market is projected to grow from $XXX million in 2025 to $XXX million in 2033, at a CAGR of XX%. The market is driven by an increasing number of people living and working abroad, rising healthcare costs, and a growing awareness of the importance of health insurance. The major drivers of the growth of the market include the increasing number of people living and working in foreign countries, the rising cost of healthcare, and the growing awareness of the importance of health insurance. However, the market is restrained by the high cost of health insurance premiums, the lack of awareness about health insurance among non-expatriates, and the limited availability of health insurance products in some countries. The market is segmented on the basis of application, type, and region. The major segments of the market are group and individual health insurance. The group health insurance segment is expected to be the dominant segment during the forecast period, owing to the increasing number of companies offering health insurance to their employees. The major regions of the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific region is expected to be the fastest-growing region during the forecast period, owing to the increasing number of people living and working in foreign countries from Asia. The major companies operating in the market include IMG, Aetna, UnitedHealth, Allianz, Generali Group, AXA, Cigna, Zurich, Insubuy, Cigna, and Ping An lnsurance (Group) Company of China.

Student Micro-Apartment Market Outlook

According to our latest research, the global student micro-apartment market size reached USD 8.6 billion in 2024, supported by a robust demand for efficient and affordable student housing solutions. The market is expected to expand at a CAGR of 11.2% during the forecast period, propelling the total market value to approximately USD 24.5 billion by 2033. This strong growth trajectory is primarily driven by the increasing urbanization of student populations, the rising number of international students, and the growing preference for flexible, convenient, and cost-effective living arrangements. As per the latest research, the market continues to evolve rapidly, reflecting significant investments in modern amenities, digital platforms, and sustainable construction practices.

A key growth factor for the student micro-apartment market is the accelerating trend of urban migration among students, particularly in major academic hubs across North America, Europe, and Asia Pacific. As leading universities and colleges are predominantly located in urban centers where traditional housing is both scarce and expensive, micro-apartments are emerging as a practical alternative. These compact living spaces maximize utility and convenience, offering students essential amenities within proximity to their campuses. The surging demand is further fueled by the increasing number of students seeking independence and privacy, especially among postgraduate and international cohorts. Developers and property managers are responding by integrating innovative layouts and smart technologies, making micro-apartments highly attractive to tech-savvy and environmentally conscious students.

Another significant driver is the global rise in international student mobility. As countries compete to attract global talent, the need for safe, affordable, and accessible student accommodation has intensified. Micro-apartments cater perfectly to this demographic, offering flexible lease terms, furnished options, and integrated community spaces that help international students acclimate quickly to new environments. Additionally, the proliferation of online rental platforms and university partnerships has streamlined the process of finding and securing micro-apartments, reducing barriers for students relocating from abroad. This seamless integration of digital solutions with real estate services is expected to further accelerate market expansion, particularly in regions experiencing a surge in international enrollments.

Sustainability and affordability are also at the forefront of market growth. As construction and real estate sectors face increasing pressure to minimize environmental impact, micro-apartments present a solution that aligns with green building standards and efficient land use. Many new developments incorporate energy-saving appliances, communal resources, and eco-friendly materials, appealing to students who prioritize sustainability. Moreover, the cost-effectiveness of micro-apartments—both for students and property owners—ensures a steady demand. By offering a range of rental durations and furnishing options, these apartments can cater to diverse student needs, from short-term exchange programs to long-term postgraduate research stays.

From a regional perspective, the Asia Pacific region is emerging as the fastest-growing market for student micro-apartments, driven by large student populations in countries such as China, India, and Australia. North America and Europe continue to dominate in terms of market share, reflecting mature student housing sectors and high international enrollment rates. Meanwhile, Latin America and the Middle East & Africa are witnessing gradual growth, supported by expanding higher education infrastructure and increasing urbanization. The regional outlook is shaped by local regulatory frameworks, cultural preferences, and the pace of digital adoption in real estate, all of which influence the design, distribution, and uptake of micro-apartments.

Apartment Type Analysis

The student micro-apartment market is segmented by apartment type into studio, loft, shared, and others, each catering to distinct student preferences and budgets. Studio apartments represent the largest share of this segment, favored for their privacy, self-contained amenities, and efficient use of space. The growing trend among students—especially international and postgraduate students—to seek independent living arrangements has significantly boosted demand for studios. T

Long Term Rental Apartments Market Outlook

The global long-term rental apartments market size was valued at approximately $XX billion in 2023 and is projected to reach $XX billion by 2032, growing at a compound annual growth rate (CAGR) of X.X% during the forecast period. The primary growth factor driving this market includes the increasing preference for renting over buying among millennials and younger demographics, coupled with the rising urbanization and influx of a global workforce in major cities.

One of the significant growth drivers for the long-term rental apartments market is the shifting cultural norm towards rental living. Many young professionals and millennials are prioritizing flexibility and financial liquidity over homeownership, which often comes with long-term financial commitments and maintenance responsibilities. This shift is further fueled by escalating real estate prices in urban centers, making homeownership less attainable for a significant portion of the population. Consequently, long-term rental apartments have become a preferred option for those seeking a stable, yet flexible living arrangement.

Another contributing factor to the market growth is the increasing demand for rental properties that cater specifically to certain demographics, such as students and working professionals. Purpose-built rental communities that offer amenities tailored to these groups are becoming more prevalent. These communities often feature co-working spaces, fitness centers, and entertainment areas, appealing to the lifestyle preferences of younger tenants. Moreover, the rise of remote and hybrid work models has expanded the geographical options for working professionals, further boosting demand for varied rental properties.

Technological advancements and digital transformation within the real estate sector also play a critical role in the market's expansion. Online platforms and mobile applications have simplified the process of finding, leasing, and managing rental apartments. Virtual tours, digital lease signing, and online payment systems enhance the convenience for both tenants and property managers. These innovations are particularly appealing to the tech-savvy younger generation, who prefer efficient and seamless digital experiences.

Regionally, North America and Europe are currently leading the market due to high urbanization rates and a significant population of renters. However, the Asia Pacific region is expected to witness the fastest growth during the forecast period. Rapid urbanization, economic development, and an increasing influx of expatriates and students in countries like China, India, and Southeast Asian nations are contributing to the rising demand for long-term rental apartments in this region.

Type Analysis

The long-term rental apartments market can be broadly segmented into furnished and unfurnished apartments. Furnished apartments are those that come with essential furniture and appliances, catering to tenants who prefer a ready-to-move-in option. These types of apartments are particularly popular among expatriates, corporate employees, and students who may not want the hassle of buying or transporting furniture. The demand for furnished apartments is witnessing a steady incline, especially in metropolitan cities where convenience often trumps cost considerations.

Unfurnished apartments, on the other hand, are bare units without any major furnishings. These are typically favored by families and long-term residents who prefer to customize their living spaces according to personal preferences. While the initial setup cost may be higher for tenants, unfurnished apartments offer a higher degree of flexibility in terms of interior design and personalization. This segment continues to hold a substantial share of the market as it appeals to a different, yet significant, tenant base.

The key factors influencing the choice between furnished and unfurnished apartments include rental cost, lease duration, and tenant lifestyle. Furnished apartments generally command higher rental prices but attract tenants looking for short to medium-term stays. Conversely, unfurnished apartments tend to have lower rent but may require a longer lease commitment. Understanding these dynamics is crucial for property managers and investors aiming to target specific tenant segments effectively.

Moreover, the availability of furnished versus unfurnished apartments varies significantly across regions. In North America and Europe, there is a balanced mix of both types, while in A