Homepage
PR Newswire
24-04-2014, 12:01 PM
Hi liphuang,
I think you are mistaken, if you read the article properly, you will realize they are not comparing against countries but against metro cities.
I think you are mistaken, if you read the article properly, you will realize they are not comparing against countries but against metro cities.
(23-04-2014, 11:02 PM)liphuang Wrote: I think the report is a bit mis-leading. Singapore is a country as well as a city, but it is being compare with other countries. Singapore should be compared with Landon instead of UK, New York instead of US.The same problem is with Hong Kong also.
It is naturally as a major economic center, the housing price is higher compare with less important cities within the country. If you look at the chart at page 22 with a list of cities. Other than Tokyo and Osaka (not sure how it happened), those city with "more affortable" housing are mainly ties 2 cities in the country.
The only way to explain the ultra high house ownership in Singapore is that the house in Singapore is more affortable than most of other major cities.