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Singapore housing market ranked 2nd most expensive in the world

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The Singapore housing market maintains its second place, averaging US$874,372 (US$1,063 per sq ft), and Shanghai is third at US$872,555 (US$714 per sq ft).

Average price growth in the Singapore housing market is modest compared to other gateway cities according to CBRE’s fifth annual Global Living Report.

Average price growth in Singapore housing market was also at a low 1.1% outpaced by Hong Kong and Shanghai which recorded 5.5% and 11.2% growth, respectively. Jennet Siebrits, Head of Residential Research at CBRE UK, comments, “In the fifth edition of the Global Living report, we have expanded the number of cities we examine from 29 to 35. They include the most exciting cities in the world, from emerging technology-driven powerhouses like Shenzhen and Bangkok through more traditional capital cities such as Rome and Lisbon, to rapidly evolving modern urban centres like Dubai and Johannesburg.

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