Country sizes aren’t equal, so property isn’t equal. And that got me thinking: If you were to uproot and leave, where could a Singaporean afford to stay? The answer: Almost anywhere, and like a damn king. As it turns out, all that money we spend on a glorified sardine can of a flat could buy you small wonders elsewhere. Check out the alternatives:
Quick Note on Property Prices
This list uses the current exchange rate (April 2013) when figuring prices. Also, the given prices don’t take into account extra taxes or stamp duties. Like Singapore, some countries may impose extra costs on foreign buyers.
Most of the prices were listed as “negotiable”. They’re probably a little cheaper than what you see here.
Cost of a BTO, Five Room Flat
The average cost of a BTO, five room flat ranges from $310,000 to $380,000.
Most of that price difference is based on location (higher in mature estates, cheaper in non-mature estates). Common floor sizes are up to 112 square meters, with these features.
But let’s look at what the same amount of money could buy you, somewhere else:
1. A One Acre Home in Arizona, USA
This house in Arizona has four bedrooms, two and a half bathrooms (I have no idea, that’s what the brochure says), and it’s about 268.6 square meters. That size refers to the house itself, not the whole land plot.
There’s even a den, separate from the house. It’s big enough to be a fifth bedroom. It might also explain why, if you get murdered in Arizona, your corpse won’t be found for months .
The asking price? About SGD $356,500.
Here’s a few more angles:
2. The Old Parsonage Bed & Breakfast, in Maitland, Canada
That place looks big enough to be an inn. Maybe because it actually is. The Old Parsonage is actually an artists’ retreat, as well as a Bed & Breakfast (But it’s up for sale).
It’s got five bedrooms, two baths, and an eat-in kitchen with a wood burning stove. That’s one of those ovens, the sort you could probably cook a dead mammoth in. Floor space is about 337 square meters (the house), and the plot itself is 1,636 square meters.
Asking price: About $342,800
Some other shots:
3. Cotes-d’Armor, in Brittany, France
Maybe city life doesn’t suit you. Maybe you want a nice quiet cottage somewhere, where a passing MRT train won’t rattle your skull at 11 pm. Well, France is a nice option. Baguettes, berets, and a house like Cotes-d’Armor.
This two (potentially three) bedroom stone cottage is on a land plot of 2,950 square meters. I don’t know the floor space of the house itself, but let me repeat that: A land plot of 2,950 square meters. I think that hidden base in the GI Joe movie would fit in there.
The asking price is about $207,561, which is way cheaper than a five room flat. And the cottage isn’t bad looking as is:
4. Three Bedroom Landed Property in Western Australia
I have fond memories of Western Australia. School here was great, apart from that one guy who was a real killjoy (They called him “the teacher”).
And for the price of a five room, you could get landed property here. This is a typical three bedroom house, with a yard big enough to herd elephants in. Floor space (for the house in the picture) is 790 square meters, at a price of $324,370.
That’s assuming a fairly central location. Uh, central by Australian standards. This is a country where a hike to Tibet might be the distance of your house to the nearest 7-11. Some other shots:
5. Taman Iskandar, in Johor Bahru, Malaysia
Let’s cover the perennial favourite: Malaysia. This house is 325 square meters (looks bigger to me, but that’s what the listing says), and priced at about $341,500. We’ve discussed Malaysian property elsewhere.
Here’s an interior shot:
Bonus Feature: What You Can Get for the Price of a Sentosa Cove Property
Let’s take a Sentosa Cove property like the famous Lakeshore View.
780 square meters of prime land, and the cardiac arrest-inducing price of about $28 million. What exactly could that money get you, in overseas property?
Try this one:
A Nuclear Proof Submarine Base in Norway
This Cold War era submarine base is 15,000 square meters. I don’t know how much rent you can collect from two battalions of tenants, but it’s probably enough to cover the mortgage. Or buy Sudan.
The price of this submarine base? About SGD $21.6 million. Hmm. Land scarce or not, maybe we need to think about our property price index.
Keep updated with all the news!
Get the latest personal finance tips and tricks delivered to your inbox!
We promise never to spam you!