Hong Kong tops the world’s most expensive cities for owning homes in CBRE study of 35 urban centres

//Hong Kong tops the world’s most expensive cities for owning homes in CBRE study of 35 urban centres

Hong Kong tops the world’s most expensive cities for owning homes in CBRE study of 35 urban centres

Hong Kong was the world’s most expensive urban centre to buy a home in, with the average residential property costing 40 per cent more than second-placed city Singapore, according to a survey of 35 cities around the world by real estate consultant CBRE.The average cost of owning a home rose 5.5 per cent last year to HK$9.4 million (US$1.2 million), which translates to US$2,091 per square foot for a typical abode measuring 574 square feet (53 square metres), CBRE said.The survey findings…

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By | 2019-04-12T06:27:00+00:00 April 12th, 2019|Business|Comments Off on Hong Kong tops the world’s most expensive cities for owning homes in CBRE study of 35 urban centres