It is no doubt that RE in Singapore is massively expensive.
My relative has a bungalow in a suburb bordered by highways a few blocks away with land area about 600 sq m, no views, double storey more than 20 y.o., no garage, 6 bedroom. Worth about Singapore $7m, some surrounding houses worth as much as $13m. No views, just a bit of privacy in suburbia.
That's about $6m Aussie dollar.
For $1.2m you can get a top grade property in the best suburb of Canberra.
With the rest you can start to live of annuities and never having to work at another's beck and call.
On the other hand if you want to buy the best property in Canberra, it is still possible for about $4.5m in Red Hill.
Yes the landed property owner from Singapore can just uproot and buy the best property in Canberra and live of annuities with the remaining cash.
From their point of view, Aussie RE is cheap.
Not surprising that I heard people from HK buying waterfront property in Sydney nearly on the spot when they saw the views and the price it is asking for.
Anyway, I hope this is not sprucing up, just my view about the Asian masses out there with money and what they think about Aussie RE.