Singapore Datapoint of the Day
Singapore’s vertiginous real estate prices have appeared previously on JRE, but an interesting little datapoint’s just cropped up.
My apartment’s a 1050-square-foot two bedroom, in a fairly large condo complex. There are a couple of similar apartments listed for sale, all of them offered at around the $1.5 million mark.
I had an email from the real estate dudes earlier this week, telling me to clean the place up a bit, because it’s going on sale. The list price: $1.3 million.
To be fair, the plural of “anecdote” is not “data” - but it’s interesting that the seller would even think about lowballing the price. Is the air about to come out of Singapore’s real estate market?
Watch this space.