Beijing joined the ranks of the world’s most expensive cities to buy a luxury residential property in 2015, as Singapore’s ranking slipped, according to Knight Frank LLP’s latest Wealth Report. Beijing, where US$1 million (RM4.13 million) would buy you 58 sq m (624 sq ft) of accommodation, climbed two positions from the previous year to enter the top 10 list. Singapore slipped two notches, ranking seventh after prices fell on property curbs. For the ninth straight year, the top ranking went to Monaco, where US$1 million would buy you just 17 sq m.
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