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IGOMHN2 t1_iyi9pku wrote

Reply to comment by Elandtrical in New York and Singapore top the list of world’s most expensive cities in 2022 by Elandtrical

How much is a house in NYC vs Singapore? A house on UES is only 5M. I'm guessing a house in Singapore is like 20M.

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Elandtrical OP t1_iyib65e wrote

House prices in Singapore are insane but the rental is very low in comparison. Our last place, a semi detached house with front and back garden in a good area would cost SG$16M but rent was SG$4900/month. A lot of hot money flowing from all parts of Asia just sitting there. There are places like Sentosa Island where almost every second house has been built and no one has ever moved in. Fixture wires still hanging down, no curtains etc.

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caroline_elly t1_iyr8mu0 wrote

Probably 3M to 5M for a townhouse or semi-attached.

Taxes are MUCH lower though. A 5M home pays insane taxes in NYC, like 5k a month. You pay roughly that much in a year in Singapore.

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