How much does a 2,000 sq ft home cost in Asia?
Shanghai, China
How much does it cost to buy a 2,000 sq ft home in Shanghai, China?
You would need US$ 3.16 M to live comfortably in a 3 bedroom apartment within the inner ring of Shanghai. You might even have a small balcony, but definitely no garden as that will run you north of US$ 5M to have that luxury. Most typical homes for the average working class family range between 400-500 sq and consist of 1 bedroom, or at most two small bedroom.
Singapore
In a modest and relative modern condo, a 2,000 sq feet condo will run you about US$ 3.4M. By then, you will be too broke to own a car as it’s super costly to own a car as the Singaporean government intentionally levy tax and permits to discourage ownership. It is one way to control traffic congestion and pollution on the island country. On the bright side, amazing public transportation!
Hong Kong
In a mid-rise apartment with balcony – 3 large bedrooms, 2 bathrooms, separate living/dining areas and laundry area 1,650 sq feet living are. It that will run you US$4.25M. It comes with a complimentary parking spot.
So now you know about some of the living spaces in other countries, aren’t you glad that you live in Houston.
And next time when somebody complaints about mowing the grass, just remember that you didn’t have to pay $3-4M for the 2,000 sq feet home.
And now you know.