[Scythian]

"Macau property tycoon Loi Keong Kuong sells 5 Singapore houses at a loss

Wed 7/16/2025, 06:42 pm (PT)

Macau property magnate Loi Keong Kuong and his family have sold five shophouses in Singapore’s Chinatown at prices ranging from 5% to 20% below their acquisition costs from a decade ago."
https://e.vnexpress.net/news/business/pr...cade%20ago.

[sgbuffett]

In singapore it is so hard to sell property at a loss.
.these days

Even ordinary Singaporeans will find this a tough thing to do.

[theold]

Each of the estates, with approximately 69 years remaining on their leasehold tenures, comprises three stories, according to The Business Times.

No value after the lease is up.

[Niubee]

Rental would have cover up a fair bit.

[WhatDoYouThink!]

8m ÷ 5 ÷10 ÷12 = 13k

The loss for each shop each month on average is 13k. The rents shd be able to cover this amount plus prop tax and misc

[Scythian]

Even Macau property tycoon Loi Keong Kuong come here also kena slaughtered in Singapore overly rated property market

Hehehe

[Scythian]

Dyson's boss, Mr Dyson lost his pants in one year in Singapore

[Scythian]

Rental would have cover up a fair bit.

Ikan bilis swimming with sharks inside the same fish  tank

[Scythian]

8m ÷ 5 ÷10 ÷12 = 13k

The loss for each shop each month on average is 13k. The rents shd be able to cover this amount plus prop tax and misc

Walked straight into a lion den

[Niubee]

Walked straight into a lion den

U were from lion den descendant

[Alice Alicia]

When Shan cashed out at $88m, you guys better follow suit.

[Scythian]

8m ÷ 5 ÷10 ÷12 = 13k

The loss for each shop each month on average is 13k. The rents shd be able to cover this amount plus prop tax and misc

Putting S$58 mio in Singapore properties to bet on Breakeven on bottom-line 

Crazy