Top 4 most expensive cities are in Asia

Tokyo

FOR all the talk of how expensive it is to buy a house in London or New York, the most expensive major cities in the world are all in Asia.

In Hong Kong, Mumbai, Beijing and Shanghai, it now takes more than 30 years for a household with the local median income to buy a 90 square metre apartment. That's according to Oxford Economics examination of price-to-income ratios across the world.