Singapore has been experiencing a challenging property market since the start of 2014. As a result, those who have been looking to sell their homes or buy new ones have found themselves caught between a rock and a hard place.
Those who were looking to sell their homes for $1 million have had to adjust their expectations or hold on to their property until the market improves. For those who were hoping to buy a million-dollar home, it could be even more difficult now as loan curbs prevent them from buying their dream home.
Perhaps now would be a good time for property investors to look abroad instead. While a $1 million budget can get you a nice condominium unit outside of the city centre in Singapore, the same budget could also get you a more luxurious home overseas.
When applied to the most affluent cities, $1 million might not even get you a home spacious enough to include a bedroom. In New York, for example, the average price of a home is US$1.2 million (S$1.5 million). In fact, US$1 million (S$1.24 million) probably gets you a one-bedroom apartment only.
Here is a list of homes you can buy with US$1 million around the world.
