Cost of private homes and their rent was the highest in Singapore in 2022 while the prices in Hong Kong Special Administrative Region (SAR) fell to what they were around five years ago, as per a study conducted by the Urban Land Institute (ULI) Asia Pacific Centre for Housing. According to ULI’s 2023 Asia Pacific Home Attainability Index, the median price of a private house in Singapore was USD 1.2 million in 2022 — the highest among the 45 cities surveyed that includes India’s Mumbai and Delhi
Cost of private homes and their rent was the highest in Singapore in 2022 while the prices in Hong Kong Special Administrative Region fell to what they were around five years ago, as per a study conducted by the Urban Land Institute Asia Pacific Centre for Housing.
ULI is a US-based non-profit and educational organisation which describes itself as the “oldest and largest network of cross-disciplinary real estate and land use experts in the world.” Its Asia Pacific report provides a glimpse of whether housing is attainable in the region. A lack of new homes due to the pandemic years also contributed to the rise in median prices of private homes, which rose more than 8 per cent in 2022 alone.
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