http://www.straitstimes.com/business/163...-this-year
A house in Tanjong Katong was sold at auction yesterday for $16.3 million - the highest price fetched at auction this year. It was an estate sale. The single-storey bungalow at 25 Branksome Road went to a Singaporean buyer.
It sits on freehold land of about 13,844 sq ft, which works out to a pricing of about $1,177 per sq ft - below the median price of detached houses in District 15, which was about $1,246 per sq ft of land area in the second quarter.
A lot of potential is locked up due to high housing price. it is the most expensive item to buy in a life time. Let's take a slightly extreme view. Say it only takes 5 years of annual earning of median income to fully purchase a reasonable HDB home. This will free up a lot of cash on other activities to meet individual aspiration instead in a rat race for 4 walls on a "rented land". We could see true blue singaporean in world sports, culture creativity, scientists and great entrepreneurs. I see a lot of positives in the curb measures.
(17-10-2015, 02:43 PM)corydorus Wrote: [ -> ]A lot of potential is locked up due to high housing price. it is the most expensive item to buy in a life time. Let's take a slightly extreme view. Say it only takes 5 years of annual earning of median income to fully purchase a reasonable HDB home. This will free up a lot of cash on other activities to meet individual aspiration instead in a rat race for 4 walls on a "rented land". We could see true blue singaporean in world sports, culture creativity, scientists and great entrepreneurs. I see a lot of positives in the curb measures.
I m definitely for your views.
In a changed world order where business and product cycles have shortened tremendously, high asset prices is a drag on risks taking and creativity.
One can only hope that the restraint can go on for a longer time...
Imagine this, would HDB ever sell a 5 room flat for 180k for a 30 yr non-transferable lease or even say 135k for an entry 3 room flat? I m definitely for such a out of the box move...
http://www.straitstimes.com/business/aus...pore-firms
$3.6b spent Down Under in first nine months, up from $1.9b in the same period last year
Rennie Whang
There has been no let-up in Singapore companies buying into properties Down Under this year.
In one of the latest deals, there could be a Fragrance or Parc Sovereign hotel in Perth's central business district. Global Premium Hotels said earlier this month it is paying A$23.85 million (S$24 million) for the site which could be redeveloped into a hotel. In the first nine months of this year, Singapore firms spent US$2.576 billion (S$3.57 billion) on 54 Australian properties, well up from US$1.396 billion (S$1.92 billion) and 46 properties in the same period last year, according to data compiled by Savills Research.
http://www.straitstimes.com/business/spo...ies-abroad
S'pore-based firms snap up $24b of properties abroad
Purchases by Singapore-based firms of overseas real estate rose 58 per cent in value to US$17.2 billion (S$23.7 billion) in the first three quarters of this year compared with the same period last year, according to Savills Research. The analysis was based on properties and portfolios worth at least US$2.5 million.
(22-10-2015, 06:50 AM)greengiraffe Wrote: [ -> ]http://www.straitstimes.com/business/com...l-for-203m
for 308 rooms in Middle Rd - $659k/key fair?
I don't know the detail, but generally, fair value is normally at million $/key range for hospitality sector, based on what I know, isn't it? The price seems like a 50% discounted deal, may be a run-down hotel?
Any expert to enlighten?
The buyer got a good deal, for a freehold hotel in city area, at 659K a key.