04 Oct '16, 5am

Singapore's luxury property may finally be 'cheap' - CNBC

Some experts told CNBC the recovery in Singapore’s ultra-high-end property was overdue. “Values in the market are a joke in comparison to some markets,” such as London, Hong Kong and Monaco, said property investor Alexander Karolik Shlaen, an economist and CEO of Panache Management, a luxury brands and investment adviser. He noted that Singapore’s freehold luxury property prices were running at about 2,000 Singapore dollars ($1,465) a square foot, which he said in London wouldn’t be considered a luxury price. Shlaen expected that purchasers who weren’t subject to Singapore’s Additional Buyer’s Stamp Duty (ABSD) rule would also be motivated to buy.

Full article: http://informationexclusives.com/singapores-luxury-proper...

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Singapore's luxury property may finally be 'cheap'

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