Housing prices across Asia-Pacific are surging — in some cases, by as much as 37%.
Homebuyers are taking advantage of continued pandemic-induced stimulus, while international investors are looking for a place to put their money.
To get a better picture of where real estate prices are going, CNBC compared the median sale prices of one-, two-, three- and four-bedroom properties across four major Asia-Pacific cities: Singapore, Seoul, Sydney and Taipei.
The findings draw on a combination of data from governments and local property sites.
In the case of Seoul, the capital of South Korea, where properties are measured in the local unit “pyeong,” prices have been converted according to their comparable bedroom number.
By way of comparison, the median nationwide U.S. home price for active listings in July 2021 was $385,000, up 10.3% year-on-year, according to data from realtor.com.
The four cities are each international business hubs in their…