The Most Expensive Land for Sale in the World

Here in Australia we often hear folks complaining about the price of, well just about everything, but commonly the complaints are about the price of buying a new home.

I thought I would have a quick look around the world and compare the prices for property in the most expensive places in the world.

Singapore

Singapore has grown to be a gleaming edifice of commerce and cleanliness.

Singapore has grown to be a gleaming edifice of commerce and cleanliness.

Leave your chewing gum at the apartment and bring your credit card, as Asian gateway city Singapore has some of the most expensive land for sale in the world.

Singapore has grown to be a gleaming edifice of commerce and cleanliness. This attractive city boasts one of the cleanest environs in Asia, and ranks highly on the world stage. Singapore prides itself on being one of the four Asian Dragons, or most powerful commercial economies in Asia along with South Korea, Hong Kong and Taiwan.  Being politically, economically and geologically stable not to mention clean, unlike many of its Asian counterparts; Singapore commands high prices, and imposes high taxes on those wishing to purchase a shiny slice of Singapore. The average price for property in Singapore is about $17,000 US a square metre. Let’s put that in perspective for a minute. In Australia the median house area is about 240 square metres, so to plonk your Brisbane Queenslander into an average Singapore suburb would cost a minimum of 4 Million dollars.

Hong Kong

Hong Kong is also the home to some of the highest average incomes in the world

Hong Kong is also the home to some of the highest average incomes in the world.

Just a short four-hour flight away from the glitzy tourist driven destination of Singapore, we have smog-clogged Hong Kong. This bustling metropolis is home to seven million people. Hong Kong has some impressive records as a city. It has the highest average height of buildings in the world it also lays claim to the longest life expectancy of any city in the world and the highest average I.Q. So Hong Kong is the natural destination for any smart health person who doesn’t suffer from Acrophobia. Hong Kong is also the home to some of the highest average incomes in the world, not surprisingly the prices of property are commensurate with the status. At around 19,000 dollars per Square Metre Hong Kong rates as one of the most expensive real estate districts in the world. To use the above example of the average Australian home located in Hong Kong would on paper cost a little over 4 ½ Million Dollars. But this is in all reality a false impression. The average apartment size in Hong Kong is one-fifth the size of an Australian home and you would never find something so large outside of the premier districts of Hong Kong for that kind of money. To locate an equivalent sized property in Hong Kong One would have to be purchasing a luxury penthouse suite that will sell any where between thirty to fifty million dollars or more. The rewards for million dollar property purchases in Hong Kong are million dollar views of a city that never sleeps, as long as there is no smog that day.

If you are in the Land market in Queensland or looking for land for sale in Brisbane  or Land Sales Brisbane please contact us at Oxmar Properties.

Thankyou for reading

Jamie Grant

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