CNBC produced a slideshow on The World’s Hottest Real Estate Markets and I was not surprised Singapore made the top 10 list.
Call me biased if you want but I really believe the property market is overextended. There are signs of euphoria and history has taught us again and again, what goes up must come down. The masses are always wrong when it comes to investment. The winners will be those who are selling the properties, and not the buyers.
I have summarised CNBC’s findings in the table below.
| Rank | Country | 5 year price growth | Price per Square Foot (USD)(from globalpropertyguide.com) |
| 1 | China | 110.9% | $644 |
| 2 | Hong Kong | 93.7% | $1,795 |
| 3 | Israel | 54.5% | $722 |
| 4 | Singapore | 50.5% | $1,553 |
| 5 | Columbia | 39.4% | $195 |
| 6 | Taiwan | 30.1% | $660 |
| 7 | Canada | 28.7% | $770 |
| 8 | Norway | 28.7% | Not available |
| 9 | Malaysia | 28.5% | $202 |
| 10 | ... |
