20. Hong Kong
$1.25 million will buy: 17.28 square meters (about 186 square feet)
Breathtaking Hong Kong, with its soaring skyscrapers, popular shopping and delectable dim sum, remains the most expensive place on the planet to buy a home.
This fact shouldn’t surprise any real-estate maven: The New York Times recently reported that a typical home in Hong Kong costs more than 20 times the median salary. Conditions there are so tight that 210,000 Hong Kong residents live in illegally subdivided apartments, some of which are so small they’re called cages and coffins.
Having trouble picturing just how small 186 square feet really is? The Times says a New York City parking space is 153 square feet.