What Property Can $1.5 Million Get You Around the World? Prepare to be Shocked

August 7, 2014

What can $1.5 million get you in Singapore? Well, there are plenty of properties to choose from if you have that kind of buying power.

You can get a nice 2-Bedroom or 3-Bedroom condominium in District 10 or 11 with maybe 1,000+ sqft of space.

You can get a 4-Bedroom mass market residential condominium in Senkang or Pasir Ris with perhaps 1,200+ sqft of space.

Hell, you might even be able to pick up a 5-Bedroom terraced house near Boon Lay with 2,500 sqft of space (or pick a couple of cheap terraced houses in Geylang if you’re the “enterprising” type).

But what exactly can that same $1.5 million get you in Australia, New Zealand, Canada or Spain?

The answer I’m afraid to say – will shock you.

#1 Auckland, New Zealand

How much would this baby cost on the SG property market?

Property: 6-Bedroom 4-Bathroom Residential Home

Cost: $1,465,000

Living Space: 3,616 sqf

Listing: http://www.realestate.co.nz/2299693

#2 Perth, Australia

Property: 4-Bedroom 2-Bathroom Residential Home

Cost: $1,100,000

Living Space: 2,658 sqft

Listing: http://www.realestate.com.au/property-house-wa-mount+lawley-117508855

#3 St David’s, Grenada

Looks relaxing, doesn't it? — Looks relaxing, doesn’t it?

Property: 4-Bedroom 4-Bathroom Villa w/ Swimming Pool

Cost: $1,245,000

Living Space: 2,600 sqft

Listing: http://remax-grenada.com/node/4656?property_type=villasales&property_id=&name=Keyword&parish=All&property_class=3&tid=All&nightly%5Bmin%5D=750001&nightly%5Bmax%5D=1000000&bedrooms_min=All&bedrooms_max=All&button

#4 Calgary, Canada

Comes with 5 Bedrooms... and I even like the colour. — Comes with 5 Bedrooms… and I even like the colour.

Property: 5-Bedroom 3.5-Bathroom Residential Home

Cost: $1,430,000

Living Space: 3,869 sqft

Listing: http://www.remaxcentral.ab.ca/cgi-bin/re/listings.cgi?overlord=Details&featured=&@mlnum=C3584103&realtor_mysqldb=redbcalgary&listingtype=res&@status=&Nav=&realtorinfo=&realtor=&@office

#5 Andalucia, Spain

7 Bedrooms and a pool? 1.5M won't even get half that! — 7 Bedrooms and a pool? 1.5M won’t even get half that here!

Property: 7-Bedroom 7-Bathroom Detached Villa w/ Swimming Pool

Cost: $1,421,000

Living Space: 3,379 sqft

Listing: http://www.simplyandalucia.com/en/property/id/310712

#6 Aquitaine, France

Nothing like living in a spacious country home in a quaint French community (for less than the cost of a condo in the CDB region)

Property: 5-Bedroom 4-Bathroom Country House w/ Swimming Pool

Cost: $1,250,000

Living Space: 4,101 sqft

Listing: http://www.french-property.com/vp/nv/ds/aquitaine-lot-et-garonne-agen-country-house–manoir/id/420557/agt/329

#7 Paphos, Cyprus

Can you get a bungalow like this for 1.3M in Singapore?

Property: 4-Bedroom 2-Bathroom Villa w/ Swimming Pool

Cost: $1,330,000

Living Space: 2,314 sqft

Listing: http://www.rightmove.co.uk/overseas-property/property-39062600.html

Final Note: It’s no secret that Singapore property is some of the most expensive in the world. It’s a fact of life that we’ve all come to accept for the most part (sadly).

However, buying a property in Singapore doesn’t need to be any more expensive than it already is. If you’re looking for a home loan with the best possible rates on the market, don’t forget to check out our Home Loan Wizard to compare rates quickly, easily, and for FREE!

What are some other nations out there with ridiculously low property prices? Share your thoughts with us on Facebook! For even more useful information on everything personal finance, visit MoneySmart today!

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