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PR Newswire
31-12-2016, 05:00 PM
1. The land available for building in Hong Kong and Singapore is very limited whereas in USA, there is much more land for building and the cost of land is much lower.
So its not surprising the US figure for appreciation in residential property price is less compared to Hong Kong and Singapore.
2. I think many years ago the S$ exchange rate was lower compared to current rate at 5.4 HK$ so the real appreciation in Singapore property may be higher than 837% x 3?
So its not surprising the US figure for appreciation in residential property price is less compared to Hong Kong and Singapore.
2. I think many years ago the S$ exchange rate was lower compared to current rate at 5.4 HK$ so the real appreciation in Singapore property may be higher than 837% x 3?