Show that he is no Chinese as he claim For the Chinese their main investment is brick and not share. You can check the house price in Singapore, Hongkong they all gone thru the roof. Average home is half million dollar
I mean there is nothing special but because of the demand and investment vehicle, status symbol etc they are pricy I would not want to invest in real estate too much maintenance, tax, head ache
This is public housing 1 million dollar
SINGAPORE — Singapore was again the second-most expensive city in the world to buy private property last year.It emerged behind Hong Kong, which remained in first place, in the Global Living report by real estate firm CBRE which compared investment residential properties across 35 global cities.In terms of rentals, however, Singapore was the 10th most expensive.And with property prices inching up just 1.1 per cent last year, the Republic was 27th in growth of house prices.Values in the report are based on prime residential areas as these are “preferred by expatriates”, said CBRE South-east Asia’s head of research Desmond Sim.“In Singapore’s case, the prime market refers to the core central region, or districts 9, 10 and 11,” he said.
The three most expensive places to buy private property, all of which are in Asia, remained unchanged from 2017 to 2018.Singapore’s average property price is US$874,372 (S$1,183,375), with an average price of US$1,063 (S$1,439) per square foot.For prime property prices, Singapore ranked ninth in the world with prices pegged an an average of US$1,243,640 (S$1,686,002).“
As a financial hub, Singapore is known for its skilled talent, ease of doing business, top-notch infrastructure, as well as economic and political stability,” said CBRE South-east Asia’s head of research Desmond Sim. The city has thus been an “attractive location” for multinational companies to establish their regional headquarters, in turn influencing the cost of property ownership in the city, he added.However, property prices here remain “relatively affordable” compared to those in Hong Kong, he said.The average price growth over 2018 is also “one of the lowest” among cities.
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