Single family homes have more sqft, so of course there is a higher price ceiling! That’s…very intuitive. There’s also less of them, because they take up so much space, so…doesn’t surprise me that they would be more at a “premium”. Assuming it’s in a desirable location.

One more thing to consider - no U.S. city has “excellent” infrastructure so it’s difficult to know what the demand would be like if that kind of city existed in the US. NYC doesn’t count, the subway is good by US standards but it’s junk compared to asia standards. Slow, loud, disgusting, lots of delays and maintenance on weekends.

For example how much would a nice apartment in manhattan be worth if i could easily hop on a bullet train and be in the Hamptons on Long Island within 50 minutes? Or in Mystic Connecticut within 45 minutes?? Suddenly commuting from the suburbs daily, so i can relax in nature on the weekends loses its appeal. Just one example.

With that said it’s good the market offers different housing “products” based on personal preference or life-stage (young, kids, older, etc)