{"id":2829,"date":"2019-04-23T11:12:53","date_gmt":"2019-04-23T11:12:53","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=2829"},"modified":"2021-06-04T14:21:00","modified_gmt":"2021-06-04T07:21:00","slug":"three-of-the-worlds-most-expensive-residential-cities-are-in-asia","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/three-of-the-worlds-most-expensive-residential-cities-are-in-asia\/","title":{"rendered":"Three of the world\u2019s most expensive residential cities are in Asia"},"content":{"rendered":"<p>Costs running high in China and Singapore for housing<\/p>\n<figure id=\"attachment_2830\" aria-describedby=\"caption-attachment-2830\" style=\"width: 800px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-2830\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/04\/shutterstock_91531139.jpg\" alt=\"\" width=\"800\" height=\"533\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/04\/shutterstock_91531139.jpg 800w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/04\/shutterstock_91531139-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/04\/shutterstock_91531139-768x512.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><figcaption id=\"caption-attachment-2830\" class=\"wp-caption-text\">Victoria Harbour in Hong Kong. chuyuss\/Shutterstock<\/figcaption><\/figure>\n<p>Asia is home to the three most expensive places to buy a residential property for another year running, CBRE reported.<\/p>\n<p>Hong Kong has the highest-value residential real estate in the world, according to the fifth annual edition of the consultancy\u2019s CBRE Global Living report.<\/p>\n<p>Costing USD1.235 million on average, homes in the Chinese SAR are a tad bit more expensive than Singapore, rated the second costliest city in the world. The average home in the Southeast Asian state is estimated to set a property seeker back by USD874,372.\u00a0Shanghai is third-most expensive on the list, with homes tagged at USD872,555 on average.<\/p>\n<p>Interestingly, all three cities have levied cooling measures over the last year to keep speculative behaviour in check.<\/p>\n<p>Shanghai posted one of the biggest year-on-year growth rates for residential prices at 11.2 percent along with Barcelona (16.9 percent), Dublin (11.6 percent), and Madrid (10.2 percent).<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/a-tale-of-two-tiers-in-china\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: A tale of two tiers in China<\/strong><\/a><\/p>\n<p>Vancouver ranks fourth-most expensive in the world, with USD815,322 for an average home, followed by Shenzhen (USD680,283).<\/p>\n<p>The Global Living Report highlights property markets across 35 key global cities, up from 29 in the last edition.<\/p>\n<p>\u201cHouse prices increased year-on-year across 30 out of the 35 cities we looked at, although generally at lower rates than previously,\u201d said Jennet Siebrits, head of residential Research at CBRE UK.<\/p>\n<p>\u201cWe would expect increasing interest rates to be affecting cities in the US, and various cooling measures affecting the Asia Pacific region, although Shanghai still saw robust growth.\u201d<\/p>\n<p><em>Top 10 Most Expensive Housing Markets, CBRE Global Living report:<\/em><\/p>\n<ol>\n<li>Hong Kong<\/li>\n<li>Singapore<\/li>\n<li>Shanghai<\/li>\n<li>Vancouver<\/li>\n<li>Shenzhen<\/li>\n<li>Los Angeles<\/li>\n<li>New York<\/li>\n<li>London<\/li>\n<li>Beijing<\/li>\n<li>Paris<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Costs are running high in China and Singapore<\/p>\n","protected":false},"author":8,"featured_media":20011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[137,136],"class_list":["post-2829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-report","tag-china","tag-hk","news_country-asia","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Three of the world\u2019s most expensive residential cities are in Asia | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/three-of-the-worlds-most-expensive-residential-cities-are-in-asia\/\" 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