Singapore private homes most expensive in Asia-Pacific
Private residential homes in Singapore continue to be the most expensive in Asia-Pacific for the second year in a row, according to a report by the Urban Land Institute (ULI) released on Tuesday.
A corner of Singapore. Photo courtesy of Pixabay.
ULI said the median price of Singapore’s private homes stood at $1.3 million in 2023, the most expensive out of the 48 cities in 11 countries and territories that the report studied.
It was followed by Hong Kong, which recorded an average home price of $1.15 million.
Homes in Sydney, the next highest market, had a median price of $1.06 million. In terms of price per square metre, however, Hong Kong was the most costly private housing market in the region with an average price of $18,331 per sq.m.
This was followed by Singapore private homes, which had a median of $11,749 per sq.m, and Shenzhen in China with an average of $10,142 per sq.m.
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