OSIM founder Ron Sim Good Class Bungalow up for sale at $117 million

[IamHandsome]

Not bad for an ITE grad

ITE is its to enjoy mah!

 

[eatshitndie]

than i think sell to them,...but tax them alot,,,like capital gains tax at 50% and land tax at 10% of estate value, stamp duty at 50% or something along those lines....

it's the combo of low property tax and absence of capital gains tax in sg that attracts foreign billionaires to park their wealth in sg. there's nothing to lose buying up multi-million dollar homes in sg for this very elite segment except in the event of a real estate meltdown, which is easily mitigated by swift (gov) intervention and manipulative tweaks and fine-tuning in a tightly watched and controlled market. $100m with 1-acre freehold lot in sg will find buyers, not surprisingly. expect tiong, russian, 3rd world dictators and/or indon billionaires to bid on it as it's a no brainer for these blokes to invest their idle money for short term gains and repark their investment plus gains somewhere else when better opportunities arise. if they were to lose many millions due to a drastic turn in the market, the risk outweighs the opportunity. better for their money to find a landing than float in limbo with extremely low interest earnings sitting as cash.

expect more sg multi-millionaires to cash in, as there's demand from foreign buyers. sg is the new elysium except that cheap, diseased, unskilled, uncouth immigrants are also welcum. it is truly the model of free wheeling immigration for the world to admire and be in awe. it will put jodie foster's character in elysium to shame. :p

 

[energytwo]

Deal or no deal he is smiling his way to the bank, except for the rest of us.
Haizz...:(

 

[Poomer]

But only singaporeans can buy landed right??

Anyway,,,might be bought by the new multi millionaire converted singaporean

Yes, except for townhouses which are strata. Foreigners who want to own landed property must apply for approval. Heard approved only in rare cases. That said, it is not too difficult getting a PR, especially if you are able to afford a GCB. Or if you prefer not to be a PR, get your children to get one then they can buy it, using pops money of course.

 

[The_Hypocrite]

These kids sure are lucky. got 100 mill house,,no need to work forever,,and also good for the locals who own these million dollar property just got richer,,

this sort of market range only the ultra rich can afford and not in my league and a majority of the locals also not in this league. so whatever happens to this segment, not my concern..but pap will look after this segment properly as the revenue from the stamp duty is alot and also cos these is the elite category,,

Yes, except for townhouses which are strata. Foreigners who want to own landed property must apply for approval. Heard approved only in rare cases. That said, it is not too difficult getting a PR, especially if you are able to afford a GCB. Or if you prefer not to be a PR, get your children to get one then they can buy it, using pops money of course.

 

[The_Hypocrite]

These osim stuff is very popular with Hongkies and many East Asians. My HK fren told me the osim stuff is good quality and worth the money.

Lets say the massage chair is 8K...u go massage 1 time is $50.00. and u go massage every week.

50 * 52 weeks = $2600.

That means if u use the ORSIM for 3 years,,,u get the money back,,,,and for this case u use it everyday...lagi get money back faster.

the quality is very good,,,but i cant afford so never buy,,,

If I'm not wrong, someone mentioned before that OSIM got problems selling in US market due to overpricing.

 

[Charlie99]

95% chance a non-S'porean buyer.

But I had the impression that non SG citizens are not allowed to buy landed real property.

Back in the 1980's, one of my classmates bought a house very near the old SU Bukit Timah campus, within walking distance from the old field (and very near to the then USSR Embassy), and paid $23 million. My guess is that, that real property, with a swimming pool in the middle of the house, garage for 4 motor vehicles, a home theatre which is bigger than my house, is probably worth more than $100 million.

 

[ChoBohLan]

Lets say the massage chair is 8K...u go massage 1 time is $50.00. and u go massage every week.

50 * 52 weeks = $2600.

That means if u use the ORSIM for 3 years,,,u get the money back,,,,and for this case u use it everyday...lagi get money back faster.

Cannot compare same same.

If go massage every week for 52 weeks with the same sexy massage lady sure develop kum cheng one.

Sure got freebies unless gong kia. No free aeroplane or free fuck also must have free autoroam.

Massage chair after sitting on it for 5200 weeks also nothing more.

 

[Narong Wongwan]

Yes, except for townhouses which are strata. Foreigners who want to own landed property must apply for approval. Heard approved only in rare cases. That said, it is not too difficult getting a PR, especially if you are able to afford a GCB. Or if you prefer not to be a PR, get your children to get one then they can buy it, using pops money of course.

Approve in rare case? I doubt but we will never know will we?
Pap is selling the country off....what's to stop them from a simple approval.

 

[The_Hypocrite]

Each his own lah,,anyway,..$50 for massage everyday i cant afford lah,,,as i said i never use the chair but those that i know have used it are quite impress and find the that its worth it. Anyway,,the ORSIM boss is still rich so his chairs and what nots must be selling well,,,,

Cannot compare same same.

If go massage every week for 52 weeks with the same sexy massage lady sure develop kum cheng one.

Sure got freebies unless gong kia. No free aeroplane or free fuck also must have free autoroam.

Massage chair after sitting on it for 5200 weeks also nothing more.

 

[numero uno]

Spot on. They can always return when the market dives and perhaps buy a similar property at a much, much lower price. Maybe even at half the price they sold. Thus far, we have info on these super rich selling their GCBs. If we get to hear of MIWs doing the same, 200% market is collapsing. Whoever foolishly goes in now, unless he is super rich, will runroad when the market crashes. Wonder if Chua Thian Poh and WKS also selling their properties. Not necessarily the ones they are staying but their other many properties. CTP is a shrewd operator. Trust his judgement won't be sala. Some say, insider info.

well said. insider info is that these guys esp the Ron sin and CTP guys have extensive exposure in the China market and the China market is tanking like hell. so you go figure why these guys and in fact alot of them are dumping their properties.

 

[PhuaCheeBye]

Ron Sim is also stupid enuff to invest in a stake in the Ah Neh TWG Tea...Those 2 jokers Manoj and Taha of TWG are jokers who try to sell normal tea packaged nice labelling to cheat consumers.

 

[Narong Wongwan]

well said. insider info is that these guys esp the Ron sin and CTP guys have extensive exposure in the China market and the China market is tanking like hell. so you go figure why these guys and in fact alot of them are dumping their properties.

CTP dun even need to act on any inside info...
His master just instruct him to go in....then after that see the land appreciate....
Sentosa cove is a case in point....dun need acumen dun need foresight....just connections.