Posted by ks55 > 2024-02-16 12:38 | Report Abuse

Why Singapore housing is so expensive? Land cost itself is more than 50% of the GDV! Construction cost is negligible as mainly hard labours are foreign workers. Marketing cost is negligible because sales personnel in the showroom all foreigners. Finance cost is negligible because all funded by parent company internally. Next big ticket item is the gross profit to be taxed by the Singaporean govt. All in all, Singapore properties are expensive because of land cost, stamp duty (certainly many involving Additional Buyer Stamp Duty ABSD), corporate tax and marked up for profit. Good luck for those Singaporean intent to invest in residential property!

Posted by nicholas99 > 2024-02-16 13:42 | Report Abuse

supply and demand.. land in korea also expensive. people wants to live there. people want to own a piece of land in tokyo.. shanghai.. etc etc.. singapore too. There are so many billionaires in the world. one of them want to buy 10 houses in singapore already enough to jack up the prices.