Friday, January 25, 2013

Real Estate that Got Expensive Very Fast

The following were apparently the top global destination for super rich in the world. This of course is as indicated by the gains in real estate. The criteria was to look at individuals with a high net worth of more than $25 million in investable assets. 

The first number is the price per square metre (divide by 10.76 for price per square foot). The second number is the price change in last 5 years for luxury homes. Enjoy :)

Beijing              $17,500  +96%
St. Petersburg   $20,200  +77%
Shanghai          $19,600  +69%
Hong Kong        $28,300   +60%
Mumbai            $11,400  +64%
Jakarta             $2,900    +32%

Close to home Manhattan was at +24% or $23,300 per square metres.

The price per square metre in Hong Kong is for apartments.

Jagdeep Singh, B. Arch.
Real Estate Broker
Direct Tel: 647-287-4644
Direct Fax: 866-450-9199

Formally educated as an Architect, Jagdeep Singh is Toronto REALTOR™ consulting on both resale real estate and new developments. Powerful Local Focus on Real Estate with a Global Perspective™
This post is for information purposes only. Though effort has been made to ensure the accuracy of the contents, the reader is advised to verify the information independently. This post may contain contain information that is privileged, confidential and exempt from disclosure under applicable law. The reader is not allowed to reproduce it in any medium without the author’s prior written permission. Jagdeep Singh is a broker with Century 21 Heritage Group Ltd., brokerage (416) 798-7133 which is independently owned and operated. This message is not intended to solicit parties currently under contract.

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