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Beijing, Tokyo and Singapore are not that expensive to live in. Especially if you're renting. Hong Kong has all sorts of crazy building restrictions and is a d
by rcpt 2y ago
Beijing, Tokyo and Singapore are not that expensive to live in. Especially if you're renting.
Hong Kong has all sorts of crazy building restrictions and is a different story
- itake 2y agoThe article is specifically about purchasing homes. Even the USA, it also is cheaper to rent than to buy. Buying a home in Singapore has a 6 year waiting list to access public housing with properties exceeding $1m SGD. Taxes, Transportation and food costs are cheap, but property is not.
- lostemptations5 2y agoSingapore is not really typical of anything anywhere, it's a small island nation with insane population pressure with regards to housing. Almost any other Asian city from Bangkok to Ha Noi has room to expand. In fact speaking of Bangkok buying a condo there is widely considered a bad investment because there is so much supply.
- gottorf 2y ago> Singapore is not really typical of anything anywhere Not to mention, it's about the only extant example of a benevolent dictatorship.
- seanmcdirmid 2y agoBeijing has cheap rent, at least for foreigners making western wages. That 10k RMB/month 1 bedroom is supposed to cost 7 million RMB to buy, so you are still screwed if you are looking not to rent for some reason. I hear Shanghai is much worse, but never lived there before.