{"id":3798,"date":"2019-08-06T08:13:47","date_gmt":"2019-08-06T08:13:47","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3798"},"modified":"2021-06-04T14:35:32","modified_gmt":"2021-06-04T07:35:32","slug":"your-1m-will-go-the-farthest-in-these-cities","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/your-1m-will-go-the-farthest-in-these-cities\/","title":{"rendered":"Your $1m will go the farthest in these cities"},"content":{"rendered":"<p>How many square metres of prime property does your money buy in key cities?<\/p>\n<figure id=\"attachment_3799\" aria-describedby=\"caption-attachment-3799\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-3799\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/08\/shutterstock_146883650.jpg\" alt=\"\" width=\"1000\" height=\"646\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/08\/shutterstock_146883650.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/08\/shutterstock_146883650-300x194.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/08\/shutterstock_146883650-768x496.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-3799\" class=\"wp-caption-text\">JohnKwan\/Shutterstock<\/figcaption><\/figure>\n<p>Sao Paulo, Cape Town and Dubai, in that order, offer the largest average size of prime residential property that can be bought for USD1 million, a new ranking of key property markets showed.<\/p>\n<p>According to Knight Frank&#8217;s recent annual Wealth Report, a million dollars is enough to buy a 200-square-metre luxury home on average in Sao Paulo, while it can buy 177 sqm in Cape Town.<\/p>\n<p>In Dubai, that amount of money can snap up 143 sqm of prime property.<\/p>\n<p>The 20-city ranking also found Istanbul fourth-best in terms of space for money, with one million enough to snap up a 109-sqm luxury home.<\/p>\n<p>Farther east in Asia, Mumbai can get property seekers 100 sqm for the same amount of money, ranking it fifth.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/guess-who-just-snapped-up-the-worlds-largest-super-penthouse\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Guess who just snapped up the world\u2019s largest super penthouse<\/strong><\/a><\/p>\n<p>Price growth in the Indian metropolis was \u201clargely static\u201d last year at 0.3 percent as developers offered discounts to dispose of unsold inventory, according to Knight Frank India\u2019s Arvind Nandan, citing the consultancy\u2019s Prime International Residential\u00a0Index (PIRI 100). \u201cAlthough prices may soften in the short term due to excess supply, in the long term we expect wage growth and strong investment in infrastructure to bolster demand.\u201d<\/p>\n<p>On the flipside, property seekers can get the least prime residential space for a million in Monaco: a diminutive 16 sqm. Hong Kong, notorious for its caged homes, yields only 22 sqm for a million.<\/p>\n<p>Alpha cities like London and New York also offer relatively cramped prime homes for the same amount of money: both at 31 sqm. Singapore follows with 36 sqm.<\/p>\n<p>Melbourne and Sydney rank sixth and 12th, offering prime homes at 97 sqm and 52 sqm on average, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How many square metres of prime property does your money buy in key cities?<\/p>\n","protected":false},"author":8,"featured_media":20219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[426,427,140],"class_list":["post-3798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-brazil","tag-south-africa","tag-united-arab-emirates","news_country-rest-of-the-world","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Your $1m will go the farthest in these cities | Asia 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