The data you provided actually matches the trend from the Knight Frank Wealth Report 2026 - which measures house prices by "area available for purchase with $1 million", an extremely intuitive view of the "expensiveness" of each city. 
⸻
1️⃣ RANKING – HOW MANY M² CAN 1 MILLION USD BUY
City Acquired area
Monaco 16 m²
Hong Kong 23 m²
Geneva 28 m²
Singapore 28 m²
London 33 m²
New York 34 m²
Los Angeles 36 m²
Paris 37 m²
Tokyo 37 m²
Sydney 42 m²
Shanghai 44 m²
Dubai 62 m²
Mumbai 96 m²
Delhi 205 m²
Bengaluru 357 m²
Practical example:
* Monaco: almost the most expensive in the world, only ~16m² (equivalent to a small room)
* Hong Kong: ~23m² – extremely cramped compared to living standards
* Bengaluru (India): up to 357m² - more than 20 times larger than Monaco
⸻
2️⃣ ANALYSIS – WHY IS THERE A HUGE DIFFERENCE?
Super expensive group (Monaco, Hong Kong, Singapore)
* Land fund is extremely limited
* Concentration of the super rich (global assets flow in)
* Attractive tax + financial policies
Monaco is always at the top because of its small area but is a "financial paradise".
⸻
Middle-high group (London, New York, Tokyo)
* Global financial center
* High price but still "more accessible" than the top group
⸻
Growing Group (India, Dubai)
* Larger land fund
* Price is still relatively low
* Fast growth in the future
⸻
3️⃣ IMPORTANT COMMENTS
The statement "Vietnam is not expensive" is TRUE but needs to be understood better:
✔ Compared to global luxury market → Vietnam is still cheap
❗ But:
*The average income in Vietnam is much lower
* The house price/income ratio is very high
So:
* Vietnamese people have more opportunities to buy land than Monaco/HK
* But it's still difficult compared to actual income
⸻
4️⃣ INVESTMENT PERSPECTIVE 2026
* Real estate is still the "haven" asset of the rich
* Prices increased sharply due to:
* Lack of supply
* Global money flows in
* Asia (including Vietnam) is the fastest growing region
⸻
5️⃣ SHORT CONCLUSION
* 1 million USD:
* Monaco: only enough bedrooms
* Hong Kong: small studio room
* Vietnam: you can still buy decent real estate
But:
"Cheap or expensive" doesn't just look at the absolute price
But we have to look at actual income & purchasing power
⸻
#batdongsan #giadatthegioi #wealthreport2026 #hongkong #monaco #dautu # Kinhte #Vietnam
