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 Singapore property investment

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Cavatzu
post Sep 14 2023, 11:52 AM

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QUOTE(DrPitchard @ Sep 14 2023, 10:29 AM)
Damn, property in Singapore is damn expensive indeed. This old property (10 years++) is selling for SGD2.5k per square feet, although I must say the view from the balcony is absolutely stunning and it is walking distance to Orchard Road.

3,225 sqft (duplex) going for SGD8mil, after conversion, it's RM27mil!!!  shocking.gif
Best part is, this 3,225 sqft unit doesn't feel too spacious at all, especially the rooms, compared to the average 1,500sqft+- condo in KL.

Property price in a 1st world nation....wooott!


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Tu lan. LKY should have managed Malaysia for a while. I don’t even know any apartments that command RM 2.5k psf.

Cavatzu
post Sep 14 2023, 04:31 PM

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QUOTE(southadam @ Sep 14 2023, 04:08 PM)
only idiot foreigners will buy for investment. For settle down then it's ok.
Invest straight away lost 20%. LOL

Too much hot money from China to speculate like HK.
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That figure is out of date. The current ABSD for foreigners is 60%!!! But you still see so much money going in, HK’s downturn was SG’s gain. It’s probably more cost efficient to try to get PR status before buying anything.
Cavatzu
post Sep 14 2023, 09:04 PM

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QUOTE(keelim @ Sep 14 2023, 08:22 PM)
Foreigners investing in SG are thinking about “wealth preservation” and not so much of capital growth or chasing yield.
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If you know how insecure the Mainlanders and Indo-Chinese are then you’ll understand why they still go ahead despite the high prices. Even the Malaysian elites have so much stuff there.

 

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