20 Feb '11, 10pm

Luxury property fund eyes S'pore apartments: by Jo-Ann Huang Limin SINGAPORE - Luxury property fund The Hideaway...

SINGAPORE - Luxury property fund The Hideaways Club is here to look out for high-end apartments for its new timeshare property portfolio, called The Hideaways Club - City Collection. Founder of The Hideaways Club, Mr Mike Balfour, was here just last week to review a range of Singapore luxury properties. Relying on his team of property hunters, he has his eye on a few choice high-end units here. But it will unlikely be the pricey units at developments such as Ritz-Carlton Residences or the Orchard Residences, which have seen transactions at more than S$4,000 per sq ft recently. Instead, he is looking for high-end properties which offer value for money, rather than a luxury brand-name attached to it. "If these homes have a brand-name to it, they usually command a premium. And we would like to maintain our profit margins," he said. Mr Balfour, who is also the founder of the F...

Full article: http://www.todayonline.com/Business/EDC110221-0000150/Lux...

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