Wealth Over the Edge: Singapore

[eng81157]

while mere mortals, like me, grapple with issues of putting bread on the table, these folks are................

http://online.wsj.com/article/SB1000...162556670.html

[azeoprop]

"One night, there were these kids here—literally kids in their 20s—who all had their own private jets,"

"Serious jets, too. There was an A380 which was converted to include a pool and basketball court—it was ridiculous."

[desfrie]

"One night, there were these kids here—literally kids in their 20s—who all had their own private jets,"

"Serious jets, too. There was an A380 which was converted to include a pool and basketball court—it was ridiculous."

Now you know why SC Global is taking itself private. The very wealthy play by their own set of games regardless of the "analysis" and people shouting for CCR prices to crash.

Well...that is life....

[phantom_opera]

All the QEs in the world are helping to transfer money from saving class to the ultra rich ...

PAP likes to term it "state transfer" ... QEs work like reverse social transfer

[azeoprop]

World war 3 coming?

[radha08]

and we got 1 million hdb flats....whose price is going to crash..what a country....some so rich and some about to be so poor...

[phantom_opera]

and we got 1 million hdb flats....whose price is going to crash..what a country....some so rich and some about to be so poor...

dun worry, ultra rich Chinese will send their proxies to buy all resale HDBs ... so cheap here compared to Shanghai / Beijing, 70y lease vs 90y lease

Chinese has reached Cyprus ...

[teddybear]

The $1m HDB flats dream for many is going to go down the drain since you are now told by MND that fair property price for HDB BTO flats in non-mature estate is 4x annual salary only. Since medium income is $5k pm x12 x4 = $240k, mature to non-mature estate at most 2x rate means HDB flats in mature estate at most $480k nia! How to hit $1m?!

and we got 1 million hdb flats....whose price is going to crash..what a country....some so rich and some about to be so poor...

[kane]

i wonder if the lease was 60 years or 50 years, what will the take up rate be like?

[minority]

The $1m HDB flats dream for many is going to go down the drain since you are now told by MND that fair property price for HDB BTO flats in non-mature estate is 4x annual salary only. Since medium income is $5k pm x12 x4 = $240k, mature to non-mature estate at most 2x rate means HDB flats in mature estate at most $480k nia! How to hit $1m?!

median household income is 7.5K works out to be ard 330K per couple for 4yrs

http://www.singstat.gov.sg/pubn/pape...ple/pp-s19.pdf

Well non mature still base on what the open market willing to pay. u have to bench mark the bto in mature estate to the resale in mature estate. which KBK say 30% drop and 4x annual salary is for non mature estate only.

[eng81157]

The $1m HDB flats dream for many is going to go down the drain since you are now told by MND that fair property price for HDB BTO flats in non-mature estate is 4x annual salary only. Since medium income is $5k pm x12 x4 = $240k, mature to non-mature estate at most 2x rate means HDB flats in mature estate at most $480k nia! How to hit $1m?!

i take that he means resale HDBs going at $1m

[eng81157]

i wonder if the lease was 60 years or 50 years, what will the take up rate be like?

beggars can't be choosers. shorter lease = cheaper. want a longer lease, pay more.

[phantom_opera]

The $1m HDB flats dream for many is going to go down the drain since you are now told by MND that fair property price for HDB BTO flats in non-mature estate is 4x annual salary only. Since medium income is $5k pm x12 x4 = $240k, mature to non-mature estate at most 2x rate means HDB flats in mature estate at most $480k nia! How to hit $1m?!

anybody wants to sell Pinnacle @ Duxton to me at 500k?

[eng81157]

anybody wants to sell Pinnacle @ Duxton to me at 500k?

heh, i offer $510k, immediate deal to close

[hutsutau]

where else in the world can you find public housing going for a mil and people still call it a bargain

[hutsutau]

while mere mortals, like me, grapple with issues of putting bread on the table, these folks are................

http://online.wsj.com/article/SB1000...162556670.html

this report is just overly exaggerated.

[minority]

this report is just overly exaggerated.

interesting thing to point out. Clubs sells 26K cocktail but avg night earnings is 100K... goes to tell how many people really pay for such drinks. They might be rich but not carrots.

[eng81157]

this report is just overly exaggerated.

hello, this is wall street journal we are talking about. not some kuching kurang tabloid, or straits times

[cheerful]

sure, an asian version of the WSJ