Most Expensive Homes: Singapore vs Cities Around the World
Real estate investors have been keen to buy homes in multiple countries, including Singapore. Previously, we found that the most expensive homes currently in Singapore were worth about S$2,289 per square foot on average. How does this compare to other metropolitan areas around the world? For curious readers, we’ve collected the data on the most expensive homes in a few other major metropolitan cities in thew world: New York, London, Seoul, Hong Kong, and Mumbai. Methodology We searched for the sale price for the most expensive residences by neighborhood in each of the five cities using each country’s respective prominent real estate websites: Streeteasy for New York, Rightmove for London, Naver Land for Seoul, Hongkonghomes for Hong Kong and 99acres for Mumbai. For New York, search was limited to Manhattan districts. Homes for each city were ranked based on 1) price (in USD) and 2) price per square feet which was calculated by dividing price by the saleable area of the home. General Findings On average, Singapore’s most expensive homes was the #3 most expensive compared to the most expensive homes in all 6 cities in our sample on a USD/Sq Ft basis. Singapore’s most expensive residneces cost S$2,289 on [...]
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