“Take a look at the world’s dizzying surges in the price of housing for 12 months at the end of June: London, up 20%. Manhattan, 18%. Sydney, 15.4%.  Some Singaporeans have bought homes in neighbouring Malaysia, which requires a passport-control stop and a two-hour drive when traffic is heavy to reach the business district.  Prices on Hong Kong island, roughly the size of Manhattan where about 1.2 million people live, are the third-most expensive in the world after Monaco and London, at US$1,920 per square foot.  While housing costs about half as much in the northernmost New Territories, prices there rose 140% from 2008 through 2012.”

http://www.therakyatpost.com/business/2014/07/30/rising-home-prices-global-concern/

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