Super-Rich Homes Have Such Wide Valuations?

[k1976]

Why Singapore’s Super-Rich Homes Have Such Wide Valuations​

Good class bungalows are some of the most expensive homes in Singapore. But how much are they really worth?
Photographer: Charles Pertwee/Bloomberg


Lim's mansion is not the only multi-million dollar house struggling to fetch the asking price in this top-tier market. A mansion offered by an heir of department store maestro C.K. Tang has seen S$3 million shaved off its original S$83 million asking price since it was put up for sale in June. And a site in leafy Caldecott Hill boasting two bungalows that was marketed for S$62.8 million earlier this year is now being offered for S$60 million.

For those thinking of snapping up an older property and redeveloping, here’s something else to think about: Singapore is one of the costliest places in the world to build a home, with an average cost of more than $3,000 per square meter ($279 psf), according to consultancy Turner & Townsend.


Make sure it’s termite-proofed. —Low De Wei

 

[jurongkechil]

Private property price have drop le. A 27 million condo at orchard last year,now only price at 20 million. Many buyer came to view because they save 7 million if they buy now...

 

[syed putra]

Why Singapore’s Super-Rich Homes Have Such Wide Valuations​

Good class bungalows are some of the most expensive homes in Singapore. But how much are they really worth?
Photographer: Charles Pertwee/Bloomberg


Lim's mansion is not the only multi-million dollar house struggling to fetch the asking price in this top-tier market. A mansion offered by an heir of department store maestro C.K. Tang has seen S$3 million shaved off its original S$83 million asking price since it was put up for sale in June. And a site in leafy Caldecott Hill boasting two bungalows that was marketed for S$62.8 million earlier this year is now being offered for S$60 million.

For those thinking of snapping up an older property and redeveloping, here’s something else to think about: Singapore is one of the costliest places in the world to build a home, with an average cost of more than $3,000 per square meter ($279 psf), according to consultancy Turner & Townsend.


Make sure it’s termite-proofed. —Low De Wei

I think this bungalow is a heritage building and cannot be redeveloped.

 

[A Singaporean]

Why buy when you can have similar at Richout at low rental.

 

[dr.wailing]

Why Singapore’s Super-Rich Homes Have Such Wide Valuations​

Good class bungalows are some of the most expensive homes in Singapore. But how much are they really worth?
Photographer: Charles Pertwee/Bloomberg

For those who are interested, below is the full version.