Construction costs varies based on the costs of labor as well as raw materials in a particular city. Developed countries such as USA and UK tend to see a higher construction costs as compared to the rest of the world. According to GlobalPropertyguide, USA housing market is still very robust. On the other hand, developing countries have a lower costs of construction. Singapore is a unique area in which the government subsidies the housing in order to lower the total costs of ownership. For a list of the prices of various cities, refer to the infographic below.
To find out more about the costs of constructing a home in various cities in the world, refer to our full guide at http://redbrick.sg/blog/much-construct-home-various-cities-world/
The team at Redbrick Mortgage Advisory has more than 60 years of banking experience and is proficient in structuring and sourcing for the best financing terms for both residential and commercial real estate in Singapore, Malaysia, USA, UK, Japan, Thailand and Australia.