Maher SattarApril 9, 2014 01:06
DHAKA, Bangladesh — Grimy, slum-packed and astonishingly crowded, Bangladesh's capital rarely comes out on top in comparisons with global cities like New York or London. Except, it seems, when it comes to real estate.
Along Gulshan Avenue in the city's central business district, the price of an acre of land is equivalent to $75 million, said Ahsan Mansur, a housing analyst at the Policy Research Institute.
That's approximately $1,700 per square foot. By comparison, land in Manhattan averaged $400 per square foot in the first half of last year, according to New York brokerage firms.