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View Full Version : Singapore property more expensive than Hong Kong?


hyenergix
22-03-11, 21:39
Typical 1 bedder:

Singapore - 450 sqft at S$630,000 after the 3% stamp duty (S$1400 psf)
Hong Kong - 450 sqft at S$500,000 after S$8,000 stamp duty (S$1110 psf)

http://hongkong.asiaxpat.com/property/apartments-for-sale/search/all/1/1000000/max/

http://www.gov.hk/en/residents/taxes/stamp/stamp_duty_rates.htm

http://www.xe.com/ucc/convert.cgi?Amount=3000000&From=HKD&To=SGD
kane
22-03-11, 23:41
Comparison of similar properties?
Laguna
22-03-11, 23:46
the comparison is invalid
In HK, 450 sq ft only give u an usable area of 75-80%

Definitely the properties in HK are far more expensive than in Sg, u need to compare the top end in HK to the Sg GCB as well

In HK, the lease term is 50 years only
hyenergix
23-03-11, 06:36
Given the useless large air con ledges and bay windows which typically eat up 20% of the GFA, I'm of the view that our property prices are closing the gap with Hong Kong properties (keeping the lease issue aside, since nowadays people are brushing off the concept of leasehold).
Laguna
23-03-11, 08:36
Given the useless large air con ledges and bay windows which typically eat up 20% of the GFA, I'm of the view that our property prices are closing the gap with Hong Kong properties (keeping the lease issue aside, since nowadays people are brushing off the concept of leasehold).


Let me refer u to The Hermitage 帝峯 皇殿
http://hk.centanet.com/icms/template.aspx?series=540&pid=208
u would know the AC ledge and bay window are included as the built in, after the Efficient Index
wenqing
23-03-11, 09:37
Singapore will match Hong Kong one day looking at the progress.

So what next ??

Lower quality of life ??

Most cash stuck in over-valued assets ??
devilplate
23-03-11, 12:00
Singapore will match Hong Kong one day looking at the progress.

So what next ??

Lower quality of life ??

Most cash stuck in over-valued assets ??

we got HDB BTO to fall back on if we can only afford MMs in future

i oredi kena slammed by proposing to upgrade min size guideline(currently 300sqft) for pte ppty:o

i got slammed by willing buyer willing seller...let natural market forces dictate....singkas always got HDB to fall back on....

but when ppty sentiment is high and GOOD....ppl tend to overlook factors like the size....facing mrt track aso buy etc....when comes to downturn, den those who bot undesirable smallish sizes/very bad facing will really cry when nobody wana rent their hse as renters got plenty of choices