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2 comment(s). Last comment by nicholas99 2024-02-16 13:42
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.
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ks55
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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!