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1.Market Observations

31 Oct 2012 (AFR) – Singapore home sold for $25 million

(31 Oct 2012, AFR, p43, Pooja Thakur)

‘A bungalow in Singapore’s exclusive Sentosa Cove area has been sold for a record price a square foot, amid signs of a housing bubble.’

‘The home, built in 2007 on Ocean Drive, was sold for $S32.5 million ($25.7 million), or $S3214 per square foot, on October 12, sales records from the Urban Redevelopment Authority show. The per-square-foot rate, based on the home’s land area of 10,111 square feet, was a record, Nicholas Mak, executive director at SLP International Property Consultants, a real estate broker, said.’

Read more at (might need AFR login access)

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