If you have S$308 million to spare .......

[glockman]

this is the home to get! Just my bad luck I am a few million short.

Singapore mansion on sale at record price after failed attempts​

Bloomberg
Thu, 10 October 2024 at 6:32 pm GMT+11·1-min read

The Nassim Road mansion is being put on the market for S$308 million. (Photographer: Lionel Ng/Bloomberg) (Bloomberg)

By Low De Wei and Sheryl Tian Tong Lee

(Bloomberg) – A luxury mansion in Singapore’s most exclusive neighbourhood is being put on the market for S$308 million ($236 million), following at least two unsuccessful attempts to sell it previously.

Known as a “good class bungalow,” the property at Nassim Road – which sits near the city-state’s premier shopping belt – spans a total land area of more than 58,000 square feet. The property is labelled as a conservation bungalow, which means it needs to be preserved, and houses a front garden that can be split into two more plots to construct more mansions.

A successful sale would be a record absolute price for such assets, according to the Business Times, but it will not be easy securing a buyer at that price tag.
The Nassim Road mansion is being marketed by Realstar Premier Group. It is owned by Cheong Pin Chuan, joint chief executive of Singapore property investment firm Hong Fok Corp, and his wife.

The property was on sale for S$175 million in 2019 and again marketed by property consultancy CBRE Group in 2022. It failed to sell in both instances.

Singapore’s mansion market is seeing a recovery in interest, with some high-profile transactions, although many local buyers are still wary of big ticket transactions.

Some assets have seen their asking prices slashed, including a convicted oil tycoon’s mansion that was sold for nearly S$4 million off its original asking price in August.

(Updates throughout.)
More stories like this are available on bloomberg.com
©2024 Bloomberg L.P.

https://sg.yahoo.com/news/singapore...rd-price-after-failed-attempts-073201979.html

 

[k1976]

Why waste 308mil here?


$$$ better spend overseas

Swiss price tag...Yeedia Kampong quality

 

[millim6868]

Even the rich Don even want to buy means its not a good buy,over inflated price,ppl with lots of cash are smart

 

[sbfuncle]

Who is the current owner?

 

[laksaboy]

Nassim Road is not as exclusive as Ridout Road.

 

[bobby]

The most expensive house sold in California….only USD200m

Buy this one still got change

 

[dirtywoman]

Can develop into Founders memorial

 

[Balls2U]

If a property cannot be sold easily in the market, then it's not worth acquiring, even if you are filthy rich and can afford it.

 

[red amoeba]

I say develop a new HDB town on that piece of land.

 

[Dr Christopher Cheok C S]

Who is the current owner?

they own the listed company hong fok. Since i was a little boy, this family-owned listed company had been paying themselves well as key appointment holders while letting the company to be indebted and very stingy with shareholders' dividend. They let the share price sink and slowly accumulate cheaply from open market. If i am not wrong, they will buy less than 1% a year to avoid triggering takeover because they are already the largest shareholder.

by and large, an extremely selfish hk family. Yesterday their shares went up a few percent because public shareholders hold that they can sell their private property and delist Hong Fok. But it is hard for the GCB to sell because (as i said), this is a typical anal selfish family, they will just keep listing a high asking price.

 

[jurongkechil]

Over 2 yik for a home..

 

[Narong Wongwan]

they own the listed company hong fok. Since i was a little boy, this family-owned listed company had been paying themselves well as key appointment holders while letting the company to be indebted and very stingy with shareholders' dividend. They let the share price sink and slowly accumulate cheaply from open market. If i am not wrong, they will buy less than 1% a year to avoid triggering takeover because they are already the largest shareholder.

by and large, an extremely selfish hk family. Yesterday their shares went up a few percent because public shareholders hold that they can sell their private property and delist Hong Fok. But it is hard for the GCB to sell because (as i said), this is a typical anal selfish family, they will just keep listing a high asking price.

Simon Cheong’s cousins

 

[Narong Wongwan]

The most expensive house sold in California….only USD200m

Buy this one still got change

View attachment 207881

This one can’t appreciate 100% in 5 years

 

[k1976]

Join the free hunt for a $380,000 coin hidden somewhere in Singapore​

Carl Samson
Fri, 11 October 2024 at 3:07 am SGT1-min read

[Source]
A cash hunt game known as “Hunt The Mouse” returns to Singapore from Oct. 10 to Nov. 9, with its biggest-ever prize pool of 1 million Singaporean dollars ($765,000).
Dubbed the “world’s simplest million-dollar cash hunt,” the game requires players to look for a gold coin worth 500,000 Singaporean dollar ($382,500), 175 silver coins each worth 2,500 Singaporean dollars ($1,912) and 125 silver coins each worth 500 Singaporean dollars ($382.5), which are hidden progressively across the city state. Players can follow daily hints on Sqkii’s — the gamification marketing company behind the hunt — Facebook, Instagram and Telegram and use a real-time map to track coin locations.
ADVERTISEMENT

To date, over 400,000 Singaporean dollars ($306,000) in prizes has been awarded to 193 winners, CEO Kenny Choi told Mothership. The free-to-play game is open to both residents and tourists and offers additional rewards through power-ups.

 

[k1976]

Join the free hunt for a $380,000 coin hidden somewhere in Singapore​

Carl Samson
Fri, 11 October 2024 at 3:07 am SGT1-min read

[Source]
A cash hunt game known as “Hunt The Mouse” returns to Singapore from Oct. 10 to Nov. 9, with its biggest-ever prize pool of 1 million Singaporean dollars ($765,000).
Dubbed the “world’s simplest million-dollar cash hunt,” the game requires players to look for a gold coin worth 500,000 Singaporean dollar ($382,500), 175 silver coins each worth 2,500 Singaporean dollars ($1,912) and 125 silver coins each worth 500 Singaporean dollars ($382.5), which are hidden progressively across the city state. Players can follow daily hints on Sqkii’s — the gamification marketing company behind the hunt — Facebook, Instagram and Telegram and use a real-time map to track coin locations.
ADVERTISEMENT

To date, over 400,000 Singaporean dollars ($306,000) in prizes has been awarded to 193 winners, CEO Kenny Choi told Mothership. The free-to-play game is open to both residents and tourists and offers additional rewards through power-ups.

 

[k1976]

 

[k1976]

CNBC’s Inside India newsletter: Is China’s stock market rally behind Indian equity losses?​

Published Thu, Oct 10 202412:08 PM EDTUpdated 2 hours ago

Ganesh Rao@_GaneshRao
WATCH LIVE
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.

The big story​

The investment world has quickly swapped its insignia over the past couple of weeks. But that’s justifiable when one’s allegiance is entirely geared toward investment returns.

China appears to have become the preferred investment destination for market participants after Beijing unveiled its most aggressive monetary stimulus package since the coronavirus pandemic, coupled with support for its flailing property market.
China’s CSI 300 index has gained about 25% since the stimulus measures were announced. Meanwhile, India’s Nifty 50 has fallen by more than 3.5%. Seven of the past 10 trading days have been losers for Indian equities, while China stocks have risen every day except one, according to CNBC’s count.

 

[k1976]