This is what billionaires' houses cost in global cities
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Though the global market is reeling under a slowdown threat, the ultra-prime real estate market of the world's billionaires has performed well throughout the downturn, according to a new study from the United Kingdom-based real estate firm Savills plc.
Price growth of high value homes has been highest in emerging markets like Singapore, where prices have increased 144 per cent since 2005 and Mumbai, where prices have jumped 138 per cent in the same period, Savills said.
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This is what billionaires' houses cost in global cities
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1. Hong Kong
- Price per square foot: $10,415
- Average property size: 5,200 square feet
- Price change from 2005 to 2010: 83%
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Image: Participants compete in a dragon boat race to mark the annual Tuen Ng or Dragon Boat Festival in Hong Kong.
Photographs: Bobby Yip/Reuters
This is what billionaires' houses cost in global cities
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2. Tokyo
- Price per square foot: $8,068
- Average property size: 16,010 square feet
- Price change from 2005 to 2010: 11%
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Image: A couple walks towards a Christmas tree at a shopping mall in Tokyo.
Photographs: Yuriko Nakao/Reuters
This is what billionaires' houses cost in global cities
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3. Paris
- Price per square foot: $5,083
- Average property size: 10,760 square feet
- Price change from 2005 to 2010: 49%
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Image: View of a metro sign in front the Galeries Lafayette department store with Christmas lights in Paris.
Photographs: Charles Platiau/Reuters
This is what billionaires' houses cost in global cities
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4. London
- Price per square foot: $4,803
- Average property size: 7,860 square feet
- Price change from 2005 to 2010: 38%
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Image: PS Waverley, the last seagoing passenger carrying paddle steamer in the world makes it's way under Tower Bridge, London.
Photographs: Paul Hackett/Reuters
This is what billionaires' houses cost in global cities
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5. Moscow
- Price per square foot: $3,917
- Average property size: 4,630 square feet
- Price change from 2005 to 2010: 110%
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Image: A Christmas tree illuminates Manezhnaya Square in front of the Kremlin in Moscow.
Photographs: Sergei Karpukhin/Reuters
This is what billionaires' houses cost in global cities
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6. New York
- Price per square foot: $3,528
- Average property size: 6,500 square feet
- Price change from 2005 to 2010: 26%
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Image: Cell phone covers are seen on display in a shop in New York City.
Photographs: Mike Segar/Reuters
This is what billionaires' houses cost in global cities
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7. Shanghai
- Price per square foot: $2,052
- Average property size: 5,380 square feet
- Price change from 2005 to 2010: 32%
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Image: People throng the Nanjing Road shopping district in Shanghai.
Photographs: Aly Song/Reuters
This is what billionaires' houses cost in global cities
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8. Singapore
- Price per square foot:$1,554
- Average property size: 12,300 square feet
- Price change from 2005 to 2010:144%
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Image: Singapore.
This is what billionaires' houses cost in global cities
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9. Mumbai
- Price per square foot: $1,103
- Average property size: 6,790 square feet
- Price change from 2005 to 2010: 138%
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Image: The Gateway of India.
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