Myriad wrote: That’s in sq

[ucodegen]

[quote=Myriad]
That’s in sq meters. have to divide by 10.7639
So $11.05/sq ft and $128.67
[/quote]
Sorry, my mistake. But also consider that I was not taking Hong Kong as highest income city in China, but Beijing. Hong Kong is an outlier. It has a median income that has more than 2x a chance of supporting the prices – for whatever good that can be considering that Hong Kong is priced a bit extreme (recent correction – not a 2x chance, they are both in a bad condition).
Similar ratios for Beijing:
Beijing $580,598(4.02mil RMB)$16,117.66/yr(111,390yuan) 36.1

I have seen other numbers for price to income ration that look worse (44:1).
https://www.numbeo.com/property-investment/in/Beijing

other link:

Beijing Host to China’s Highest Median Home Prices

NOTE: on ” Myriad’s” post – it looks like it might be local currency.
See: https://www.numbeo.com/property-investment/compare_cities.jsp?country1=Hong+Kong&country2=Australia&city1=Hong+Kong&city2=Sydney

Beijing, New York comparison:
https://www.numbeo.com/property-investment/compare_cities.jsp?country1=China&city1=Beijing&country2=United+States&city2=New+York%2C+NY

Though this shows the price to income ratio as being worse.

Note to Rich: Is it possible to add the codes for tables to the allowed HTML tags? ie; ‘table’, ‘/table’, ‘tr’, ‘/tr’, ‘td’ – just make sure to have the filter program spit out closing ‘/tr’ and ‘/table’ if a poster has not closed it at the end of the post – as it should be doing with ‘/b’, ‘/i’ etc.