05-10-2022, 08:50 AM
Bloomberg
Wed, Oct 05, 2022 • 07:42 AM GMT+08 • 39 minutes ago
As prices for some of Singapore’s most prestigious homes soar to records, the latest purchase by a China-born restaurant tycoon underscores just how strong demand remains among the world’s super-rich buyers.
Sean Shi, one of four co-founders of China’s largest hotpot chain, Haidilao International Holding, paid $50 million for a so-called good class bungalow in a prime area near the Botanic Gardens in September, local media The Straits Times reported. It’s at least the third such luxury residence bought by one of the co-founders — at least three of whom are now Singapore citizens — or their family members.
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“In land-scarce Singapore, one of the most valuable assets is land,”
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Buyers generally have to be Singaporeans, although foreigners can apply to become citizens themselves or buy through Singaporean spouses. Vacuum cleaner billionaire James Dyson and Alibaba Group Holding co-founder James Sheng are among the owners.
Much more at: https://www.theedgesingapore.com/news/pr...-top-homes
Wed, Oct 05, 2022 • 07:42 AM GMT+08 • 39 minutes ago
As prices for some of Singapore’s most prestigious homes soar to records, the latest purchase by a China-born restaurant tycoon underscores just how strong demand remains among the world’s super-rich buyers.
Sean Shi, one of four co-founders of China’s largest hotpot chain, Haidilao International Holding, paid $50 million for a so-called good class bungalow in a prime area near the Botanic Gardens in September, local media The Straits Times reported. It’s at least the third such luxury residence bought by one of the co-founders — at least three of whom are now Singapore citizens — or their family members.
......
“In land-scarce Singapore, one of the most valuable assets is land,”
......
Buyers generally have to be Singaporeans, although foreigners can apply to become citizens themselves or buy through Singaporean spouses. Vacuum cleaner billionaire James Dyson and Alibaba Group Holding co-founder James Sheng are among the owners.
Much more at: https://www.theedgesingapore.com/news/pr...-top-homes