The southern French principality of Monaco is the most expensive place in the world to buy luxury residential property, according to the recent Knight Frank Wealth Report.
Illustrated by the below infographic courtesy of Statistia, Singapore ranked in joint fifth place alongside the Swiss city of Geneva. US$1 million will, according to the Knight Frank research, buy 39 sqm in the city-state compared with just 17 sqm in the French enclave.
Hong Kong, London and New York occupy the second, third and fourth spots in the survey.
Despite what are widely acknowledged to be slowing, or in some cases declining prices of luxury property around the world, it is unlikely the top ten cities will change much in the coming few years.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
