Are you thinking of buying land in some of the 10 most expensive land in the world? If you know the price, you will be shocked, and immediately compare it with what we use. But for the high land cost, here are some details.
Let’s have a look at the land, a place where you stand, and there can also be built exciting things. A city must also have land to support mobilization and other activities. But not all people can afford land, mainly because it is expensive.
Therefore, seeing the quantity of land decreasing over time, the price also continues to increase. Unfortunately, even this high price doesn’t necessarily guarantee you’ll get the land you want in the cities we call these.
So, we are grateful to live in an area that is relatively easy and accessible to land areas. So this also makes mobilization activities easier. But for the 10 cities below, getting land access is very difficult and expensive.
10 Most Expensive Land in the World Located in These Cities
You should not choose the cities below for those thinking about building a residence or castle. The price is very unreasonable, and it doesn’t support you to be able to make your dream place. What else, if not the high premium price?
Ask any land collector or investor, and they will know that land selection should not be arbitrary. They must know and determine what needs to be built and the land area required. But here, in the 10 most expensive land in the world:
According to Economic Daily data, Beijing topped at number 10 most expensive land in the world for people to buy. The population of this place is constantly increasing, and the vacant area is getting less and less.
Its dense location and near the city center make this area very strategic. However, because of this, the amount of money to spend here is enormous. If you have 1 million dollars, you will only get 56 m sq.
9. Los Angeles
At number 9 on the list of most expensive land in the world is Los Angeles or LA. LA has become the industrial center of the United States, and many celebrities and well-known public figures have chosen to establish residents in LA.
With a huge demand for land, this makes LA a super dense city. It’s hard to find an empty area in LA. For the price of the land, for 1 million USD, you can only get about 42 m sq nowadays.
According to a Forbes report, China will be the world’s biggest economy in 2028. And their commercial capital is Shanghai, which makes private wealth in that area increase rapidly.
There are also many expensive places in Shanghai, which were deliberately built because they are already in the top 8 on 10 most expensive land in the world, which per 1 million dollars, can only be 42 m sq.
A lot of people want to live there. The high demand for housing, immigration, and sensible government planning has increased the number of people looking to buy a property there.
Supply and demand is always the primary consideration factor. In addition, the geographical area of Sydney is very strategic. For 1 million dollars, you can only acquire about 41 m sq of land there.
We can say that Paris is an area that gets the focus of many rich people in the world. This city is considered very appropriate for living, especially with all the luxury forms there.
Every year, the population in Paris increases and makes the price of homes increases 5% on average. And for now, the value makes it in the top 10 most expensive land in the world, with a selling price of 39 m sq per 1 million dollars.
Geneva, Switzerland, a place that many people dream of. An area known for its security, transportation, and luxury there. However, the obstacle is that property rates in Geneva are costly.
Read More: 10 Most Expensive Cities in The World
It is even mentioned that if you want to live in Geneva, you should not choose the city center if you don’t want to pay even more. This is also why there are more apartments than houses there because the price of land per 1 million USD is only 37 m sq.
In London, if you have 1 million USD, the total land area you will get is 28 m sq. This is an average calculation and makes it 4th in the 10 most expensive land in the world.
London has many exciting facilities and it is precisely this that increases the value of the area. Many people want to live in London and own property. No wonder that every year, it is stated that land prices will increase quite rapidly.
3. New York
New York is the city that is considered the 10 most expensive land in the world. You can do all kinds of things in New York, and various activities are also provided there. And New York has been the United States’ economic center to date.
No wonder people living in New York have their future guaranteed, with property prices increasing 4 percent every year. For now, per 1 million dollars, the land area to be acquired is 25 m sq.
2. Hong Kong
Hong Kong has become the most popular country in the world and is the busiest financial hub and entry route in the world. With all these activities, property in Hong Kong has a high demand.
Unfortunately, low supply is the main reason for such a monumental price, making it the 2 in 10 most expensive land in the world. Per 1 million USD, the land area that will be obtained is only 21 m sq.
In Monaco, your 1 million USD won’t allow you to build a house. The land price there alone for 1 million USD gets only 16 m sq, not to mention in the city center. Monaco’s small area makes the availability of land there very little. Indeed, people say that the longer it takes, the more expensive the land will be. But you must be aware that the actual price of land is already costly especially if you buy it at the 10 most expensive land in the world, which is located in famous cities.