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The World's Most Expensive Real Estate Markets

In the Southeast Asian microstate of Singapore, space is an extremely limited commodity, and prime real estate is even harder to come by in a country approximately 3.5 times the size of Washington DC. Nonetheless, Singapore was one of the hardest hit prime real-estate markets in 2008, according to the 2009 Wealth Report, with prices dropping -14.6 percent, with a relatively low price drop of -2.2 percent in the final quarter.

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9. Singapore - $1,550 per sq ft

In the Southeast Asian microstate of Singapore, space is an extremely limited commodity, and prime real estate is even harder to come by in a country approximately 3.5 times the size of Washington DC. Nonetheless, Singapore was one of the hardest hit prime real-estate markets in 2008, according to the 2009 Wealth Report, with prices dropping -14.6 percent, with a relatively low price drop of -2.2 percent in the final quarter.


Photo: AP