{"id":98637,"date":"2018-09-27T12:47:52","date_gmt":"2018-09-27T05:47:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/small-condos-in-singapore-cbd-are-2nd-most-expensive-globally\/"},"modified":"2018-09-27T13:04:36","modified_gmt":"2018-09-27T06:04:36","slug":"small-condos-in-singapore-cbd-are-2nd-most-expensive-globally","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/small-condos-in-singapore-cbd-are-2nd-most-expensive-globally\/","title":{"rendered":"Small condos in Singapore CBD are 2nd most expensive globally"},"content":{"rendered":"


\nTwo-bedders in Singapore\u2019s CBD cost about S$1.4 million on average.
\nTwo-bedroom condo units in Singapore\u2019s central business district (CBD) cost approximately \u00a3781,000 (S$1.4 million) on average, revealed a study by UK based personal finance website www.finder.com.
\nThis amount is the second most expensive in the world, the portal said.
\nMore: 88% Of Singaporeans Unhappy Over High Property Prices: PropertyGuru
\nSingapore beats 89 countries
\nAmong the 91 countries covered in the research, Singapore was only surpassed by Hong Kong, where two-bedders in the city centre are priced at \u00a31,280,000 (S$2.3 million).
\nThis is much higher than Singapore\u2019s average price by a whopping 64 percent.<\/p>\n

The city-state also beat out Australia (12th), where a two-bedroom condo in the CBD costs \u00a3246,000.
\nIn comparison, the UK (\u00a3227,000) was ranked 16th, while the US clinched the 35th spot (\u00a3111,000).
\nSingapore\u2019s neighbours were also much lower in the rankings. Thailand was ranked 27th (\u00a3165,000), while Malaysia (\u00a398,000) was in 43rd place.
\nThe Philippines landed in 65th spot (\u00a366,000), while Indonesia (\u00a354,000) took the 74th position.
\nAsia\u2019s London
\nBut if Singapore is compared with individual cities, it falls to the third spot and is overtaken by London, where two-bedders in the CBD come with a hefty price tag of \u00a3788,000 (approx. S$1.41 million).
\nNevertheless, the average price of a two-bedroom condo in Singapore is roughly comparable to London.<\/p>\n

More:\u00a0Financial Guide On Affordability: TDSR
\nComparing flat sizes: Singapore vs UK
\nFinder said the data was obtained from Numbeo, a cost of living comparison website.
\nThe size of a two-bedroom flat was set at approximately 636 sq ft as this was the median size of such units in the UK. The average size is approximately 653 sq ft.
\nThis is slightly smaller than 2-room HDB flats in Singapore, which are available in two sizes;\u00a0 about 387 sq ft or 484 sq ft.
\nBut the figured used by Finder is roughly the same as a 3-bedroom HDB flat, which ranges from about 645 sq ft to 699 sq ft.
\nThe size used by Finder was from a 2010 survey conducted by Scott Wilson Group, a global design and engineering consultancy, on behalf of the Chartered Association of Building Engineers (CABE).
\nTake data with a \u201cpinch of salt\u201d
\nHowever, there are a few questions about the data.
\nFirst, Numbeo doesn\u2019t divulge the exact timeframe when the data was gathered.
\nThe second issue is accuracy. While Numbeo\u2019s figures have been quoted by leading news agencies around the world like The New York Times and BBC, there are doubts on its accuracy as its calculations depend in part on data inputted by ordinary users.
\nNevertheless, the cost of living website manually gathered data from various sources such as surveys, news articles and government agencies.
\nCan you afford a condo in Singapore? Check your affordability now.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Small condos in Singapore CBD are 2nd most expensive globally<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Two-bedders in Singapore\u2019s CBD cost about S$1.4 million on average. Two-bedroom condo units in Singapore\u2019s...<\/p>\n","protected":false},"author":1,"featured_media":98638,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-98637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/09\/Price-of-a-two-bedder-in-Singapore.jpg?fit=797%2C468&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-pEV","jetpack-related-posts":[{"id":97198,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/qingjian-realty-launches-singapores-first-fully-smart-private-development\/","url_meta":{"origin":98637,"position":0},"title":"Qingjian Realty launches Singapore\u2019s first fully-smart private development","date":"September 4, 2018","format":false,"excerpt":"\r Source: Qingjian Realty Qingjian Realty has unveiled the first fully-smart private development in Singapore, JadeScape. 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Freehold condo at leasehold prices At the 117-unit freehold\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/09\/National-Aerated-Water-Company.jpg?fit=780%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":118574,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/penrose-condo-to-preview-this-saturday\/","url_meta":{"origin":98637,"position":2},"title":"Penrose condo to preview this Saturday","date":"September 10, 2020","format":false,"excerpt":"\r Early bird prices for the units, on the other hand, start from $788,000 for a one-bedder, $943,000 for a two-bedder, $1.33 million for a three-bedder and $2.11 million for a four-bedder. 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