Hong Kong is the most expensive city for homebuyers with the average price of a home about $1.24 million, followed by Singapore and Shanghai, according to consultancy CBRE's 2019 Global Living report.
Moreover, the list ranked the Chinese cities of Shanghai in third place, Shenzhen in fifth, and Beijing in ninth.
Now, let's take a look at the 10 cities with the highest home prices in the world.
No 10 Paris
Average price of a home: $625,299
The city is seen from the top of the Notre Dame Cathedral, with the Sicena River, in Paris, France. [Photo/IC]
No 9 Beijing
Average price of a home: $629,276
A view of the central business district in Beijing. [Photo/VCG]
No 8 London
Average price of a home: $646,937
The London skyline is seen from Victoria Tower at sunset. [Photo/VCG]
No 7 New York
Average price of a home: $647,500
The New York City skyline. [Photo/VCG]
No 6 Los Angeles
Average price of a home: $679,200
The Beverly Hills shopping street is seen in Los Angeles, Jan 9, 2018. [Photo/IC]
No 5 Shenzhen
Average price of a home: $680,283
An aerial view of Shenzhen is seen on Nov 5, 2018. [Photo/VCG]
No 4 Vancouver
Average price of a home: $815,322
Bikers are seen in Stanley Park in Vancouver, Canada, Sept 20, 2017. [Photo/IC]
No 3 Shanghai
Average price of a home: $872,555
Tourists pose for photographs at the Bund, a major scenic spot on the Huangpu River, in Shanghai. [Photo by Wang Gang / For China Daily]
No 2 Singapore
Average price of a home: $874,372
The Marina Bay Sands Hotel is seen in Singapore. [Photo/VCG]
