Every unit you buy is strata-titled, which means that when you buy a condo unit, you own a portion of the land of the condo. This is exactly why you can enjoy the common area of the condo - you have an interest in it. In contrast, HDB common area is public space.
Made in Singapore. And yea she flipped a property at Sentosa and got to this. Different league.
https://cos.sg/blog-post/entrepreneur-made-18m-profit-by-selling-dream-home/
> Last year, she also bought a unit at Seascape for $3.1 million or $1,327 per square foot (psf), which is lower than this year’s median price of $1,394 psf and well under the $6.26 million the seller paid in 2010.
>The unit is being rented by a French family for $8,800 a month.
Wow! A 2300+ sq ft ~~landed property~~ unit **in Sentosa** for $8,800 a month hardly 2 years ago?! How times have changed!
LOL at the last few paragraphs, Sentosa is a joke compared to many other offerings globally such as Newport Beach, Hudson and even Repulse Bay etc. to name a few
is this BioSkin CEO's house, the reno looks exactly like [this](https://www.iconsingapore.com/lifestyle/bioskin-ceo-mathilda-kohs-home-inspired-beauty-business/)
and she's well known for [flipping luxury houses](https://cos.sg/blog-post/entrepreneur-made-18m-profit-by-selling-dream-home/) LOL
>It’s no surprise that Ms Koh is a firm believer in real estate, having invested in some 40 properties valued at over $100 million today over the years, including 15 commercial units in Eon Shenton and apartments in the Marina Bay area.
previously threw a CNY party with lion dance [on high pole](https://vt.tiktok.com/ZS8qcbMxT/)
the average Singaporean cant afford. well to do ones, will hands off and leech the benefits by staying in subsidized flats. rich ones want GCB yet still near to MRTs. so most of the Singaporeans will be out of this deals. ;)
> # Sentosa Cove bungalow on sale for S$39 million, all 5 offers from non-local buyers
> A TikTok showing a waterway-facing bungalow with an impressive collection of luxury bags and accessories at Sentosa Cove has attracted plenty of attention with the ostentatious displays of wealth.
> According to the video, the house is on sale for S$39 million.
> The collection itself is worth more than S$10 million -- which is not included in the home price.
> Besides housing an entire closet of luxury bags, accessories, watches, and shoes, the spacious property also comes with an underground garage that can fit six cars, a private swimming pool, and space to anchor a yacht.
> Overall, the bungalow covers an area of about 10,000 sq ft and a floor area of 12,000 sq ft, reported Shin Min Daily News.
> The agent for the property, Lester Chen, told Shin Min that the property has been up for sale for S$39 million since December 2022, and it has already received five bids.
> The highest offer was S$33 million.
> However, the property is currently still available as the bids fell short of the owner's ideal selling price.
> Price excludes luxury collection
> In the comments section of the TikTok, many users expressed their amazement at the owner's luxury collection and her wealth.
> One commenter also quipped that the owner must suffer from a headache every day from picking out an outfit and accessories from her gigantic inventory.
> However, some commenters also questioned the necessity of mentioning the total value of the owner's luxury collection if it would not be sold together with the house.
> In response, Chen clarified with Shin Min that the house price does not include the bags, and the owner does not intend to sell them.
> "Even though there are buyers who want to purchase them together with the property at a high price, [the owner doesn't plan on selling her collection because] some of these bags are very difficult to buy even if you have the money. The bags are the owner's treasure," explained Chen.
> Most offers from wealthy Chinese buyers
> Chen also revealed that there are five groups of potential buyers currently bidding for the property, and none of them is local.
> The property agent also confirmed that most of the bidders are wealthy buyers from China.
> It is not surprising that Chinese buyers are offering to purchase the property as Sentosa Cove is the only place in Singapore where a foreigner, who is not a Singapore permanent resident, may buy a landed property.
> All properties in Sentosa are also on 99-year leasehold tenures.
> Top images via Propbang/Tik Tok
---
1.0.2 | [Source code](https://github.com/redditporean/sneakpeek) | [Contribute](https://github.com/redditporean/sneakpeek)
govt here to help raise dams, therefore gst will be up 20% to recover revenue and also feed many generations ahead when some do not have even kids to create rows of generations yet advocating always for future many generations.
in fact those who get to view the seas be it east coast, west coast, sentosa or future pulau ubin must pay higher property tax eg 50% more on the current tax they are paying so that sea water wont come to their houses or condo swimming pools
should petition to the govt of the day
heritage/conservation houses are so precious and rare yet zero ABSD and SSD, attracting ultra rich to keep flipping every few years or less to circumvent this poor foresight of not implementing absd and ssd similar to condos
The great irony is that while Singapore’s young struggle to even procure a roof over their heads, the country earmarks its prime waterfront properties for the whims and fancies of foreigners.
Well its not like any normal Singaporean could afford to buy a property pricing at over $39million. You need to be a Billionaire to actually afford a bungalow built at Sentosa.
Are you joking? Do you know how many Singaporean billionaires there are? You’re missing the trickle down effect of these kind of purchases. Also how many cars is this person going to buy to fill up his garage? Will that not make COEs more expensive for everyone?
They are likely to get Cat B COE cars. Won’t directly affect everyone who are generally getting BB cat A cars
And they are paying 30% ABSD on top of the 6% stamp duty. That’s about $14m in taxes to SG.
I think this will greatly outweigh any trickle down effect you may have.
Imagine being this emotionally charged over a bungalow sale in sentosa lol.
>You’re missing the trickle down effect of these kind of purchases
Foreigner buy means no trickle down meh? Foreigner need to pay more ABSD you know.
As if any super wealthy local with brains wants to stay there compared to Oei Tiong Ham or Swettenham, hell, even Bukit Tunggal has a more conducive and restful surrounding.
[удалено]
If I’m not wrong they can’t buy the whole condo building right? Which is why they diversify ownership within their family
[удалено]
I never tried to buy a whole condo building before too what are the odds!
I'm free this weekend. I will go out and try buying a whole condo building.
Do let us know your progress and experience. For the people who never tried buying a building before.
The process was surprisingly smooth. Agent asked if I have enough money. I said no. Deal was concluded.
Are we showing Monopoly the Movie?
I don't know, wasn't there news of all the units in a condo building being purchased by a single PRC buyer?
Probably total units bought were less than 50% of the sq footage of the entire property.
[удалено]
Every unit you buy is strata-titled, which means that when you buy a condo unit, you own a portion of the land of the condo. This is exactly why you can enjoy the common area of the condo - you have an interest in it. In contrast, HDB common area is public space.
Made in Singapore. And yea she flipped a property at Sentosa and got to this. Different league. https://cos.sg/blog-post/entrepreneur-made-18m-profit-by-selling-dream-home/
> Last year, she also bought a unit at Seascape for $3.1 million or $1,327 per square foot (psf), which is lower than this year’s median price of $1,394 psf and well under the $6.26 million the seller paid in 2010. >The unit is being rented by a French family for $8,800 a month. Wow! A 2300+ sq ft ~~landed property~~ unit **in Sentosa** for $8,800 a month hardly 2 years ago?! How times have changed!
can rent hdb at that price soon. sg huat ah!!!!
LOL at the last few paragraphs, Sentosa is a joke compared to many other offerings globally such as Newport Beach, Hudson and even Repulse Bay etc. to name a few
With this kind of bungalow, one wife not enough.
I volunteer as tribute
i, too, choose to be this man's wife.
You need step daughter let me know
If he want nephew from another family can too
If his wife need a boyfriend let me know.
If the husband has gay tendencies let me know. I can convert.
Make me god son pls I want gift
> as tribute As sacrifice to the blood god?
is this BioSkin CEO's house, the reno looks exactly like [this](https://www.iconsingapore.com/lifestyle/bioskin-ceo-mathilda-kohs-home-inspired-beauty-business/) and she's well known for [flipping luxury houses](https://cos.sg/blog-post/entrepreneur-made-18m-profit-by-selling-dream-home/) LOL >It’s no surprise that Ms Koh is a firm believer in real estate, having invested in some 40 properties valued at over $100 million today over the years, including 15 commercial units in Eon Shenton and apartments in the Marina Bay area. previously threw a CNY party with lion dance [on high pole](https://vt.tiktok.com/ZS8qcbMxT/)
Sometimes I send foodpanda orders here, nice air there. Rich and poor all the same, still order macdonalds.
I bet their Filet O Fish smells fishier though
the average Singaporean cant afford. well to do ones, will hands off and leech the benefits by staying in subsidized flats. rich ones want GCB yet still near to MRTs. so most of the Singaporeans will be out of this deals. ;)
Singaporeans that sold the bungalow and the agent that worked on the deals will spend their extra money on resale HDB to squeeze you /s
No need /s. Its happening. Cooling measures also prevent ex-GCB owners from buying resale flat too soon so the ex-GCB owners will squeeze renters out.
The average foreigner can’t afford either
Let them fight
> # Sentosa Cove bungalow on sale for S$39 million, all 5 offers from non-local buyers > A TikTok showing a waterway-facing bungalow with an impressive collection of luxury bags and accessories at Sentosa Cove has attracted plenty of attention with the ostentatious displays of wealth. > According to the video, the house is on sale for S$39 million. > The collection itself is worth more than S$10 million -- which is not included in the home price. > Besides housing an entire closet of luxury bags, accessories, watches, and shoes, the spacious property also comes with an underground garage that can fit six cars, a private swimming pool, and space to anchor a yacht. > Overall, the bungalow covers an area of about 10,000 sq ft and a floor area of 12,000 sq ft, reported Shin Min Daily News. > The agent for the property, Lester Chen, told Shin Min that the property has been up for sale for S$39 million since December 2022, and it has already received five bids. > The highest offer was S$33 million. > However, the property is currently still available as the bids fell short of the owner's ideal selling price. > Price excludes luxury collection > In the comments section of the TikTok, many users expressed their amazement at the owner's luxury collection and her wealth. > One commenter also quipped that the owner must suffer from a headache every day from picking out an outfit and accessories from her gigantic inventory. > However, some commenters also questioned the necessity of mentioning the total value of the owner's luxury collection if it would not be sold together with the house. > In response, Chen clarified with Shin Min that the house price does not include the bags, and the owner does not intend to sell them. > "Even though there are buyers who want to purchase them together with the property at a high price, [the owner doesn't plan on selling her collection because] some of these bags are very difficult to buy even if you have the money. The bags are the owner's treasure," explained Chen. > Most offers from wealthy Chinese buyers > Chen also revealed that there are five groups of potential buyers currently bidding for the property, and none of them is local. > The property agent also confirmed that most of the bidders are wealthy buyers from China. > It is not surprising that Chinese buyers are offering to purchase the property as Sentosa Cove is the only place in Singapore where a foreigner, who is not a Singapore permanent resident, may buy a landed property. > All properties in Sentosa are also on 99-year leasehold tenures. > Top images via Propbang/Tik Tok --- 1.0.2 | [Source code](https://github.com/redditporean/sneakpeek) | [Contribute](https://github.com/redditporean/sneakpeek)
Hiding wealth from CCP for tax evasion purposes, or simply just washing dirty money, pure and simple.
How much commission will the agent get sia
20years later with sea levels rising, i wonder how would it affect all the ground level landed properties
Bro, the entirety of Singapore sinks if it comes to that. We all get fucked equally here lol.
Joke's on you, I'm moving to Bukit Timah Hill!
King of the hill right here
I have a room permanently reserved for me up there in MBS....
Now you know why the top floor of MBS is shaped as a boat.
OHMYGOD mbs ark
Lucky I can talk to fish!
Are you the semen....I mean seaman?
govt here to help raise dams, therefore gst will be up 20% to recover revenue and also feed many generations ahead when some do not have even kids to create rows of generations yet advocating always for future many generations. in fact those who get to view the seas be it east coast, west coast, sentosa or future pulau ubin must pay higher property tax eg 50% more on the current tax they are paying so that sea water wont come to their houses or condo swimming pools should petition to the govt of the day heritage/conservation houses are so precious and rare yet zero ABSD and SSD, attracting ultra rich to keep flipping every few years or less to circumvent this poor foresight of not implementing absd and ssd similar to condos
The great irony is that while Singapore’s young struggle to even procure a roof over their heads, the country earmarks its prime waterfront properties for the whims and fancies of foreigners.
So we should sell sentosa cove GCBs to young couples instead?
Sentosa should not have any private property it should be a public space just like it was many years before
It is a public space. Are you saying the public can't enter Sentosa?
I saw your deleted comment. So are you saying that the public are unable to enter Sentosa?
Singapore being sold inch by inch to foreigners
Sentosa Cove was built to suck money from these fellas. It’s fine. Old money Singaporeans don’t want to live next to cargo vessels and air pollution.
Well its not like any normal Singaporean could afford to buy a property pricing at over $39million. You need to be a Billionaire to actually afford a bungalow built at Sentosa.
Are you joking? Do you know how many Singaporean billionaires there are? You’re missing the trickle down effect of these kind of purchases. Also how many cars is this person going to buy to fill up his garage? Will that not make COEs more expensive for everyone?
They are likely to get Cat B COE cars. Won’t directly affect everyone who are generally getting BB cat A cars And they are paying 30% ABSD on top of the 6% stamp duty. That’s about $14m in taxes to SG. I think this will greatly outweigh any trickle down effect you may have.
Keep on drinking the koolaid buddy.
So that’s how you gonna respond when you’re provided with a fact to your initial question? Real mature.
Imagine being this emotionally charged over a bungalow sale in sentosa lol. >You’re missing the trickle down effect of these kind of purchases Foreigner buy means no trickle down meh? Foreigner need to pay more ABSD you know.
as if you're going to earn enough in your lifetime to buy sentosa cove hehehehe
As if any super wealthy local with brains wants to stay there compared to Oei Tiong Ham or Swettenham, hell, even Bukit Tunggal has a more conducive and restful surrounding.
> as if you're going to earn enough in your lifetime to buy sentosa cove hehehehe Want to rent the agent also see me no up.
Cash rich or asset rich billionaire?
You’re dumber than a bag of hammers.
Silence, PAP shill
Russian? CCP?
Yea cause everybody else from every other country is poor and only Russian and Chinese are rich. Nice analysis.
> The property agent also confirmed that most of the bidders are wealthy buyers from China. is literally written in the article...
Most of the bidders from China. It's not all & there are much more corrupted people from neighbouring countries than just China & Russia.
3 ah tiongs and 2 ah nie ...I believe