FI Column|Singapore’s direct attack on luxury homes is hot, He Chaoqiong, Hao Jiang is frustrated, and Sin Chew wins with a single bet|Louise

FI Column|Singapore’s direct attack on luxury homes is hot, He Chaoqiong, Hao Jiang is frustrated, and Sin Chew wins with a single bet|Louise

An old friend who is a private banker called a client from the mainland and invited him to attend an event held in Hong Kong in October. All the client said, “We are not going to Hong Kong now, we are going to Singapore.” Very addictive. Instead of sitting in Hong Kong and fingering, he simply flew to Singapore with the younger sister, and asked for a sigh of relief.

Singapore’s “prosperity index” is simply exploding.

  • During Formula 1, the five-star hotels were full, and even the cheap cheap Ibis hotel chain in Little India cost HK$4,000 a night before tax.

  • Taxi pick up customers, first ask you to go to Biandu, if you get on and off the bus without a fan, the doors will be locked first, and Mi will wait for you to jump into the car.

  • A round-trip flight from Hong Kong to Singapore costs hundreds of thousands of mosquitoes.

  • The conference is full, and Wang Ding is prosperous. It’s like the Forbes CEO Conference. The attendees have all the status and wealth. The admission fee for the participants is 10,000 mosquitoes. Sorry, it is already full. Want to be a sponsor? Another Super Return Asia conference is a great opportunity for private bankers to attract customers. The entrance fee is flat and the US$5,000 is already full.

Bet on a super-luxurious location in Sin Chew

Funds and talents poured into Singapore, and the most popular is bricks and mortar. An old friend who just settled in Singapore from Hong Kong to work in finance told that the rent has risen by 40% since the beginning of the year.

The mansion is even hotter. The Shun Tak Group (242), which is owned by “Big Sister” Ho Chaoqiong, was disappointed in Macau but proud of Sin Chew. There is a fenced site called Park Nova near Wuji Road in the city center. However, in the middle of last year, uncompleted units were sold, 37 of 54 units were sold, and 3 duplex units had already been sold out. It was sold at such a good price that He Chaoqiong, the “big sister”, was also very surprised. The construction of the 143-room Artyzen Hotel is also underway next to the five-star St. Regis Hotel.

Artyzen Hotels

Artyzen Hotels

Park Nova sells so well, Sindh is going to the next city. On Naissm Road, a traditional consulate house, another super-luxurious project called “Lan Xin Ju” has been developed. Next to it is the Japanese consulate. The security is the most secure. There are only 14 units. , the project is in full swing, and 7 units have been sold. He Chaoqiong himself is not stubborn to transfer one to the company with Xinde for more than 200 million Hong Kong dollars. Even having an address on Nassim Road is a symbol of identity.

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Sindh is at Lanxin Residence on Nassim Road.

Sindh is at Lanxin Residence on Nassim Road.

Three mansions on Haidilao Street

The supply of luxury houses in Singapore is limited, and we have to wait for the old and rich to be willing to ship before they have the opportunity to buy a good location.

Therefore, Zhang Yong, a senior Haidilao (6862) who was once the richest man in Singapore, bought land to rebuild a mansion in Cluny Hill near the Botanical Park. In 2017, Zhang Yong spent 27 million slope paper (about 150 million Hong Kong dollars) to buy it The old house was rebuilt. Last year, he spent 42 million slope paper (about 230 million Hong Kong dollars) to buy and bury a duplex house for his son. Last Wednesday (21st), his son Kaibu Bai Heizhi personally went to the big house to inspect the progress.

Haidilao owner Zhang Yong's Shuanglian mansion in Cluny Hill.

Haidilao owner Zhang Yong’s Shuanglian mansion in Cluny Hill.

Continental rich, wrong! It is the wealthy Singaporean who likes to live and bury a bunch of them. Last week, Haidilao veteran Zhang Yong’s partner and former classmate, namely Shi Lihong, chairman of Dinghai International (1579), spent 50 million po paper (about 279 million Hong Kong dollars) to buy Lee Kuan Yew’s daughter Li Weiling The old house at No. 17, Cluny Hill, is on the same road as Zhang Yong’s single house. One Cluny Hill will be swept up three mansions by Haidilao members.

Former residence of Lee Kuan Yew's daughter Lee Wei Ling. It was sold to Shi Lihong, owner of Dinghai International, for S$50 million last week.

Former residence of Lee Kuan Yew’s daughter Lee Wei Ling. It was sold to Shi Lihong, owner of Dinghai International, for S$50 million last week.

Such a market situation, it seems familiar, just moved from Hong Kong to Singapore.

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