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Mercs: property news & updates

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https://www.straitstimes.com/business/invest/banking-on-solid-fundamentals

Businessman banks on solid fundamentals

 

(Founder and chief executive of Dental Shield, which provides dental insurance products, says about 70 per cent of his portfolio lies in property, 28 per cent in business investment, 2 per cent in stocks and a small amount in crypto assets.)

(Ex-banker analyses investments based on fundamentals and value, be it stocks, businesses, properties)

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On 9/1/2019 at 9:57 PM, Mercs said:

New revamp ... new testing ... new thread :D lol

happy reading 🙂

https://www.edgeprop.sg/property-news/singhaiyi-sells-324-units-parc-clematis-launch-weekend

SingHaiyi sells 324 units at Parc Clematis on launch weekend

889f55-Homebuyers-balloting-for-selected-units-on-Parc-Clematis-first-day-of-launch.jpg

No wonder never see you post in the property thread anymore.  原来 you are here! 😄😄

👍👍👍

Edited by Dleodleo
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24 minutes ago, Dleodleo said:

No wonder never see you post in the property thread anymore.  原来 you are here! 😄😄

👍👍👍

He is freed from the shackles and toxicity of that thread. Kudos and cheers!

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3 hours ago, Mercs said:

Spike in unspecified foreigners in Q2 overtaking everybody. Who are these guys?

“There is notably an increase in the share of buyers from Hong Kong, China, and Taiwan, which rose to 14% in July. This marks a departure from the usual 10-11% share it had held since 2015 and more than four percent points ahead from 2011-2014 shares, which barely breached the 10% mark...”

Edited by Showster
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1 hour ago, Showster said:

Spike in unspecified foreigners in Q2 overtaking everybody. Who are these guys?

“There is notably an increase in the share of buyers from Hong Kong, China, and Taiwan, which rose to 14% in July. This marks a departure from the usual 10-11% share it had held since 2015 and more than four percent points ahead from 2011-2014 shares, which barely breached the 10% mark...”

With global uncertainty, more to be coming here to park for 'safe haven' ...unspecified could be some other countries combined, not the usual asian region. 😉

https://sbr.com.sg/residential-property/in-focus/ultra-rich-foreigners-scramble-luxury-homes-in-singapore

Foreign ultra-high-net-worth (UHNW) investors are expected to drive sales activity in Singapore's luxury residential segment as geopolitical tensions in Hong Kong and the United Kingdom enhance the attractiveness of posh homes in the city state.

In early July, British billionaire James Dyson snapped up the Wallich Residence super penthouse for a record $73.8m. The 21,108-sqft, triplex super penthouse occupying the 62nd to 64th floor of the Guoco Tower is reportedly the largest penthouse and the highest residence in Singapore. Two weeks later, Dyson purchased another luxury home, a hilltop Good Class Bungalow (GCB) located along Cluny Road with views of the Botanic Gardens, for $41m.

More recently, a sprawling 84,543-sqft GCB plot in the prestigious Nassim Road area was sold for a record $230m or about $2,721 psf. It was formerly owned by Cheng Wai Keung, the Chairman of Wing Tai Holdings, and his wife Helen. Whilst the buyer is reported to be trustee company SG Casa, media has speculated that the buying party was Eduardo Saverin, the co-founder of Facebook. 

Joining the elite list of affluent individuals with residences in Singapore is Chinese e-commerce giant Alibaba’s co-founder Jack Ma, who reportedly purchased a 30,000-sqft site at Victoria Park Close, where he is said to be building a two-storey bungalow with a basement and swimming pool.

"Singapore's solid economic fundamentals, sound financial framework, ease of doing business, quality education and racial harmony continue to make it one of the choice locations for potential foreign investors." 

 

 

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1 hour ago, Dleodleo said:

No wonder never see you post in the property thread anymore.  原来 you are here! 😄😄

👍👍👍

Hahaha ... consolidate all my posts into one thread, easier reference for all to do comparison on past updates to present performance, without the need to scroll thru too many threads/pages. (eg. previous land bid price to current new launch psf, or past sale psf over the years to present etc)

For all to have a better clearer understanding on the propert market movement ... all property related one stop shop 😄 😄 😄

Thanks for reading 👍👍👍

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4 hours ago, Mercs said:

https://www.businesstimes.com.sg/real-estate/techsg-pilot-spurs-hopes-of-demand-spike-for-home-rentals

Tech@SG pilot spurs hopes of demand spike for home rentals

(Key factor would be number of foreigners brought in under scheme for high-growth tech firms)

Floodgate open ... can expect more FTs coming and boost rental demand

 

https://www.asiaone.com/digital/singapore-global-race-attract-best-tech-talent-says-chan-chun-sing

Singapore in global race to attract best tech talent, says Chan Chun Sing

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https://www.asiaone.com/lifestyle/couples-blue-green-scandustrial-hdb-home-bukit-batok

A couple's blue-green 'Scandustrial' HDB home at Bukit Batok

20190904_scandavanian_qanvast.jpg

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