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
Property: 6-Bedroom 4-Bathroom Residential Home
Living Space: 3,616 sqf
#2 Perth, Australia
Property: 4-Bedroom 2-Bathroom Residential Home
Living Space: 2,658 sqft
#3 St David’s, Grenada
Property: 4-Bedroom 4-Bathroom Villa w/ Swimming Pool
Living Space: 2,600 sqft
#4 Calgary, Canada
Property: 5-Bedroom 3.5-Bathroom Residential Home
Living Space: 3,869 sqft
#5 Andalucia, Spain
Property: 7-Bedroom 7-Bathroom Detached Villa w/ Swimming Pool
Living Space: 3,379 sqft
#6 Aquitaine, France
Property: 5-Bedroom 4-Bathroom Country House w/ Swimming Pool
Living Space: 4,101 sqft
#7 Paphos, Cyprus
Property: 4-Bedroom 2-Bathroom Villa w/ Swimming Pool
Living Space: 2,314 sqft
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!