NYC is a bargain, compare world class cities (New York, Paris: real estate, price)

[westwing]

Beijing tops the world most expensive city list with average real estate price per square feet little over $1000.

1, Beijing

2, Moscow

3, Hong Kong

4, Singapore

5, Paris

6, London

7, Tokyo

8, Shanghai

9, Australia

10, New York City

[Cerebrator]

Sure, a bargain considering a measly nine other cities--out of all the others on this EARTH--are more expensive.

[rubygreta]

Ridiculous. Where does the number come from? $1,000/SF is only attained in a very small part of Brooklyn, and Manhattan below 96th Street (and not all of Manhattan below 96th Street).

So in Moscow, my assumption is we are talking about the city center that attains $1,000/SF. Go a mile out and you could be at $200/SF.

[availableusername]

I've had a feeling that the city of Australia was crazy expensive. This confirms it.

[WhyRUMad]

This has very much to do with currency valuations as the list is based on USD$.

[Harlem resident]

Neither Australia nor Singapore are cities.

[BrownstoneNY]

Originally Posted by rubygreta

Ridiculous. Where does the number come from? $1,000/SF is only attained in a very small part of Brooklyn, and Manhattan below 96th Street (and not all of Manhattan below 96th Street).

So in Moscow, my assumption is we are talking about the city center that attains $1,000/SF. Go a mile out and you could be at $200/SF.

The list says that's only true of Beijing. I'd believe it; China's real estate bubble is insane. I'm surprised by Moscow at #2, though.

Originally Posted by Harlem resident

Neither Australia nor Singapore are cities.

Singapore is both a city and a country that are coterminous with one another. You're right about "Australia", though--I guess they meant Sydney?

[ll0OoO0ll]

Originally Posted by availableusername

I've had a feeling that the city of Australia was crazy expensive. This confirms it.

And what made you not think the same about city of Singapore?

[Anonymous725]

Australia is a city. I'd would have never known.

[availableusername]

Originally Posted by availableusername

I've had a feeling that the city of Australia was crazy expensive. This confirms it.

Originally Posted by ll0OoO0ll

And what made you not think the same about city of Singapore?

What he said \/

Originally Posted by BrownstoneNY

Singapore is both a city and a country that are coterminous with one another. You're right about "Australia", though--I guess they meant Sydney?