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TheFinance.sg

Posted on September 30, 2009 - by PanzerGrenadier

$1 million 99 year leasehold 3 bedroom condo in suburbs – is the market crazy?

Personal Finance
Photo by Kyknoord

Photo by Kyknoord

I stay in the western part of Singapore which is not the choicest location for residential properties in Singapore compared to the east and central. This morning, when I was flipping through the classifieds to get a sense of the market value of asking prices of my own residence in addition to other private apartments, I was shocked to see sellers asking for above $1 million Singapore Dollars for a three bed-room condo in Centris. Centris is a private condo that is built on top of Jurong Point.

While I admit the location is very attractive for yuppies and those who crave convenience of being next door to the MRT and amenities, the $1 m still shocked me because it is still in the suburbs.

If this is not a sign of a bubble, then there are either many rich Singaporeans who can afford the $1m price tag or there are many rich foreigners who can afford that type of property investments. Read more…


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This entry was posted on Wednesday, September 30th, 2009 at 7:00 pm and is filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Comments

We'd love to hear yours!



  1. Visit My Website

    October 1, 2009

    Permalink

    Panzer said:


    Dear Derek

    Thanks for incorporating my post!

    Be well and prosper. :-)



  2. Visit My Website

    October 1, 2009

    Permalink

    Derek Lim said:


    Hi Panzer,

    Don’t mention it.

    Cheers!




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