I used to live on Nassim Road and being one of the few malays living on that road - the police stopped me on a few different occasions to check my ID to confirm that I actually lived on Nassim Road. Racism still present in Singapore.
Long time ago my Sporean college buddy told me "in Singapore, if you say your family owns a house, that means they're really rich. Or probably old money." You can have a Ferrari while still living in a government apartment.
i think you need clarification on what kind of houses those are. they could still coin private condominiums and apartments and even flats as “ houses “. but of course some people prefer fast cars to large houses
the problem with GCB's is that for the price, you get "very little". look at what places like Malibu, BH and Hollywood offer. GCB's are more of a status symbol and accolade than an actual luxury home. no GCB in Singapore has an actual "view" and the only reason why amenities are plentiful and convenient is because the country is small so everything in within reach very easily even for big homes in Sentosa, the "scenery" if any at all is really not in the same class as what one may find in Newport Beach, Pacific Palisades, Hamptons, Sydney or Cote De Azure etc. let's be real, GCB's are a store of wealth to pass on to the next generation, not an actual home for "luxury living". visit them, compare and you'll unfortunately see the stark difference and lack of standards in comparison
Pretty sure that's not a concern for the owners. They are not there for nice views or comfort, they are there for a luxury symbol. In fact, there are quite a few cases of rich people buying these private properties purely because they know its value will increase in the future... while they themselves live in public housing. Also, there has been an increase in foreign buyers in recent years---people who don't even live in Singapore.
It's what happens when the government monopolizes all the real-estate, the poor and upper-class will never own anything and only the most paid government officials and wealthy foreigners will own houses. I feel bad for the people of Singapore
@@toasterlul That’s not quite true though. Most GCBs are owned by rich local businessmen. Not many foreigners own them and as Singapore isn’t corrupt, few government officials will reach that level of wealth too.
If the owners of these GCBs are actually living in them for most of the year, Singapore has one up on many Western countries where uber-rich Asians have bought mansions purely as investments. Suburbs like Potts Point in Sydney have reached the ridiculous stage we normally associate with Bel Air or Manhattan - words like 'prestige' matter far more than the objective value of the property.
Its crazy how little your dollar goes in sg. I lived there from 2012-2015 as a kid and my family stayed at 3 different condominiums in our time there. The rent was ridiculous and I knew only one person who actually owned an apartment and if I recall, they spent nearly 2 million on a 2 bedroom groundfloor apartment. It was crazy
I remember back when I was in Junior high, my parents never stay at hotel n always at their apartment n it wasn’t beautiful n I always complained that the room isn’t beautiful n right now I am grateful that nowadays, it’s very difficult to purchase property in SG, very expensive n luckily we managed get renovated
Rising prices in Singapore seems to defy the global trend however it is for very good reasons. Small island with high ownership % and most people stay in the houses they own. Of course there are other factors but it does stand out as a unique example compared to US and EU. As for GCBs, it largely doesn't matter to most Singaporeans :)
The price of Singapore GCBs can double or even triple in price, but there is no effect on the rest of Singaporeans. Its like asking the price of private jets or super yachts increasing by 50% and the effects in the average Singaporeans.
Architecture wise, these so called ‘expensive’ homes are just large homes that looked outdated. U can tell the owner build this some time ago, because house that looks like this with that price is just not worth it.
There's a lot of very bad and out of touch western reporting and western takes on Singapore, but as a Singaporean, this felt well researched, executed and was very insightful
This is why more and more Singaporeans can only continue remain delusional while dreaming and struggle just to smell such houses or lifestyle. In the end, all they could afford is a small pigeon flat, take public transport and work very hard for whole lifetime to pay so much just for a basic need and living.
That one house with the Lamborghini Reventon (1 of 20) in front is on Ridley Park street. The owner purposely always has an array of supercars parked outside for bypassers to look. The fence itself even has spots for you to look through. Very cool to see!
He is a rare case, as his relatives are Singaporeans and PRs, and had made significant investment to the country. The requirements for foreigners to buy GCB is actually very stringent as the government do not want protected freehold land to be owned by "outsiders". He will also have to sell it back to a Singapore citizen.
Imagine 0.5% owns a GCB. Record payment is $170M for that small piece of PRIVATE land in Singapore and also have restrictions to the land. At that point, the government is their friend, they have shares and control in top companies
Why are prices increasing? Their answer, because more people want GCB but apparently no one wants to question the price, they leave it to those suffering financially to complain while the rich have a shelter, an expensive one and untouchable.
Visit a friend staying in sg. Even the rich ones living in a shoe box size flats. Sad, but at least they got to travel mostly in asia and stays in a villa for maybe 2 weeks a year.
Yeah man. I was born in SA now working in Singapore. Similar in nature but totally different level out here. South Africa’s inequality is something else though. I pray SA’s government can change but it’s getting sad now.
one lonely sink in kitchen area...but many bathrooms.,.. from experience you need at least 2 sinks to avoid the congestion at meal times. are prices in USD or Singapore dollar?
@@fidelcatsro6948 No. No. No. Enough. Singaporeans are superior to all others and we are the ones to deserve better. F egalitarianism, F the workers, F the maids. We will reap what we sow.
As a Singaporean, is not worth owning a GCB that is as much as 10 5 room hdb flats, plus you have to pay for all the maintenance just to have privacy at your swimming pool and outside barbeque.
Public housing don't make good investments. Govt makes sure of that. I'd probably go for condos like most Singaporeans do for investment. AS for the ultra rich, the gcbs are probably inheritance to pass down to generations after. Hdb are just "leases" with expiry after 99 years.
It should be considered a crime to have all that land taken on such a tiny tiny island where every little bit of space is valuable. but, thats not how the world works.
So it is great that the Singapore government is attracting a lot of rich people to the country. I would like to knkw how that benefits the poor and working class Singaporeans.
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol
@Jay Béland Not at all, having monitored my portfolio performance which has made a jaw dropping $473k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market. I must say it's the boldest decision I've taken since recently.
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Live close to Ridley Park and I can honestly state that most of the GCB in this area incredibly dull and vulgar. #2 Ridley Park is perhaps the worst and clearly the owner has more money than taste. It looks like a cross between an out of town retail park and an office. On the road I live on pretty much 80% of the houses have been purchased and knocked down and generic post modern block that fills the plot. Of course they fare even worse when you compare them to the wonderful blank and whites found in the area..
As if Tommy Goh would care shit about what you think about him and his “taste”. He was someone who built his company from scratch and was wise to sell it to an American company at the peak. He deserves everything he’s got! You’re just jealous because you’re not successful like him!
I'm surprised. The kind of houses featured in this video is pretty common in my neighbourhood in Kota Damansara, Malaysia and we are not really that rich. I'm guessing the house to land price ratio over there in Singapore is like what... 30 : 70, 20 : 80?
@@chrispaul3778You're right, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor
This is so true. The younger Singaporean should be afraid of higher price of these houses. Because it is the reflection of housing or houses property market right now. The younger Singaporean might not be able to rent a home in the future.
Hong Kong has a better tax system than Singapore's but Hong Kong is hamstrung by China's constant messing around with its laws. This has scared a lot of people out of the city unfortunately.
No worries.. U guys can get super cheap GCB in Malaysia🤣 Its called: GCB burger🍔 (available in McD outlets whole Malaysia)😂 It only cost RM13.49 (about SGD4)😍
Why wouldn't you if the value of your home nearly doubles in 2-5 years? If you don't want to live there, just buy the house and rent it out. Few investments are as certain to yield massive profits as Singapore real estate.
@@NurmaBP It is both a nice house and a good investment. Choose for yourself if you want to keep it as purely an investment or one that you are gonna stay in while waiting for its value to rise. But passing the opportunity to purchase this when you got the money is foolish. Unless you have something else to invest in; that has a even higher growth rate and is just as certain to yield profits.
@@NurmaBP I mean if you think about it, nobody in SG really has a home they can live in for long. HDBs are only theirs for 90 years and the rich treat theirs as an investment. Very rarely is there anyone really planning to stay in a property for generations
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thankfully it doesn't impact the ordinary citizens as the government owns 90% of the land and have a awesome public housing scheme (not like HK, where the government owns the land but relies on it as its main cash cow, leasing it for impossible prices), it's probably the only wealthy city in the world where ordinary people can easily afford housing. It's the way to go really, give the insanely rich their little playground so that they don't throw a tantrum, give them tax incentives so that they do business on the island but heavily tax the luxuries they enjoy (like cars), meanwhile limit the impact on the general population. Singapore HDB is literal genius, there are other things I'm not a big fan of when it comes to SG governement but this is undeniable
HDB is a good concept and has shown to be one of the best things the gov has done but they really need to get a hold of rising costs. Soon, we will enter territory where all HDBs will cost at least 1 mil and clearly, demolishing loved malls and soon, Turf City, is not the solution as costs keep rising
The only way to alleviate that would be to build more. Either land reclamation or more high rises. Honestly, 1M SGD woukd still be very reasonable for a 5 rooms appartment in a major world city, it would still be under 10X median household income!!! Compare that to Paris where a similar appartment would cost litteraly 50X median household income (meaning only the wealthy and high income households can buy appartmentd in Paris)
@@louisazraels7072 Not saying that we need to be a cheap city to live in or anything. I agree that naturally, due to population and land size, housing costs will be high, but 1 mil is actually not a manageable sum for quite a decent chunk of our population, especially since the purpose of HDB was to provide affordable housing for all! Building more has not proven to lower housing costs, they are building more and more HDB blocks everywhere but the cost is still going up
@@e8943 well 1M would only be for 5 rooms flat, and we're still a long way away from that anyways. Building more HDB and faster is the main way to keep prices low, the faster and the more are delivered at discounted prices the better itll keep the resale prices from rising.
@@louisazraels7072 Building more HDBs is not the solution. The new HDB flats are being made for “new” residents, not for the benefit of existing Singaporeans. If they really wanted to help Singaporeans, the solution is reducing the ceiling, back to the original, for buying flats and preventing people from owning more property than 1 HDB if they buy one. The rich who have enough money to buy more than 1 apartment/landed and own a Mercedes, should not be allowed to buy a HDB flat. That is how we make HDBs affordable for ALL. Property prices are rising faster than you believe and really needs to be acted on quicker with a different approach from building and building. Singapore cannot be compared to other cities like NY as NY is a city in a big country with many states. It is much easier for people who cannot afford to live in NY, to leave the city and move to other states and cities that are more affordable. On the other hand, in Singapore, if one cannot afford to buy housing here, it is much harder to move from one country to another just to get housing. Whilst I’m not saying that Singapore needs to be a cheap city (as I understand the reasons for a much higher than average cost of living), just across the border, just looking at rent, let alone property for sale, for S$3500, one can rent a 4200sqft semi-d whilst in SG, there are the biggest property you can rent is a 1500sqft HDB (which is already hard to find). A large gap is understandable given many factors but this is too wide of a gap
according to history a lot of the GCBs were also owned by Jews, Arabs, Indians, Eurasians and Armenians and some mixed european with asian people, thus not only the Chinese as incorrectly thought.
Please take more rich people from Hong Kong . The prices you mentioned are not even half the prices of Hong Kong luxury houses . Please take in more of these people so we can have Hong Kong back to normal
the 2 best rules are that they have restrictions on making house only 2 story height and having house not touch its boundaries. i want these in my country its so dumb infrastructure here .
naaaah with that kinda money i can buy a castle in a 3rd world country with my own militia to guard it with 10guard dogs and 3cows and 15hectares of farmland and 20cats in my backyard
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AI might change some of the this scenario, since everything is quickly be in so called open source. Much maintenance is done by the poor people. The younger generation is continually taken for granted, when people stop buying crap, the rich will suffer.
Really not making any sense at all hdb can shoot until 1mil per unit . Really crazy , cannot imagine in few years time our kids how much is the hdb price. Make sg citizen die faster better if like that. All increase but salary wise keep on maintain . But foreign their pay wise more higher than most of us citizen here.
the prices of these homes dont matter as much to the average singaporean as compared to when government housing costs more than a million dollars (which is happening)...
That’s why I don’t mind the government letting really rich foreigners who buy GCB’s becoming PR and/or citizens. I’m opposed to the government letting in foreigners who are only able to afford small condos or hdb’s when they become PR and/or citizens because these are the people who snatch jobs that Singaporeans can and are willing to do AND drive up prices of property prices meant to be affordable housing. Singaporeans need to differentiate the foreigners that will benefit the country vs foreigners who are thieves to true blue Singaporeans.
Actually that house is full of Ferraris and there is only 1 Lambo that I know of which is that in the video. So it is possible she eas talking about the Ferraris behind it that the camera did not catch
If I had that kind of FU money I rather live in a penthouse with a beautiful view and pool than a GCB. But it doesn't matter because even if I worked every day non stop 24/7 till the day I die, all I can afford is HDB. The divide between the rich and poor in Singapore has really widen over the last few decades. It's depressing to come to the realization there is no upward mobility, no matter how hard you try, life is cruel so why bother.
land scarce... I'm sure people wish they wouldn't even have to pay this much for that. if you compare it to the mansions in US, for the price you're paying this is pathetic. and the fact that it can only go up to two stories (less basement and carpark) means you won't see any atop a beautiful hill or some shit like that
Not everyone wants to move to that parts of the world. Asians want to stay close to home where their favourite food and culture is, especially when they get older. Whenever I visit my relatives, they will always ask when are you moving back here? I m like, well..I am settling in the west. They're like, yeah but it is not home! 😂
@@BM-zd3vs I get you, I'm leaving the West this year to get a little closer to home (Arab World). But really, they could get a skyscraper in Bangkok for 170M $ or a massive penthouse in Hong-Kong.
“Im just an asian. i dont have the crazy and rich part” she’s so real for this
It's a movies reference from the crazy rich asian, a popular sg movie
Lies again? Jackal Wolf AIA Money
As an Asian.. I relate to this so much.. 😂
@@DylanDkoh it's a movie with reference to sg, but pretty sure it's not an SG movie. It's an American movie.
Are you serious 😊
I used to live on Nassim Road and being one of the few malays living on that road - the police stopped me on a few different occasions to check my ID to confirm that I actually lived on Nassim Road. Racism still present in Singapore.
Wtf thats racist af
Based police
ACAB
cap
It’s in every corner of this planet.
If TV has taught me anything, it's that someone is going to die when that chandelier falls.
I can't understand anyone putting a chandelier over a bathtub.
@@gabbycarter965 So you can swing from the chandelier into the bathtub
@GABBY CARTER they probably don't bathe anyway. Just have body scrub & other treatments at spa
Ikr😂
I had the same thought🫣
Long time ago my Sporean college buddy told me "in Singapore, if you say your family owns a house, that means they're really rich. Or probably old money."
You can have a Ferrari while still living in a government apartment.
True but no big deal..most homes in spore are very shitty..no class..no character..no design...waste of money
i think you need clarification on what kind of houses those are. they could still coin private condominiums and apartments and even flats as “ houses “. but of course some people prefer fast cars to large houses
@@d44347 probably mean landed property
Government property also over a million dollars now
Doubt it. You have to get a permit to even buy a car. And when you do, the taxes are obscene.
the problem with GCB's is that for the price, you get "very little". look at what places like Malibu, BH and Hollywood offer. GCB's are more of a status symbol and accolade than an actual luxury home. no GCB in Singapore has an actual "view" and the only reason why amenities are plentiful and convenient is because the country is small so everything in within reach very easily
even for big homes in Sentosa, the "scenery" if any at all is really not in the same class as what one may find in Newport Beach, Pacific Palisades, Hamptons, Sydney or Cote De Azure etc. let's be real, GCB's are a store of wealth to pass on to the next generation, not an actual home for "luxury living". visit them, compare and you'll unfortunately see the stark difference and lack of standards in comparison
why is it a problem lol. at least it aint a problem for those who actually bought it
Precisely
but Singapore is safe from all the issues of west, safe from drugs etc.
Pretty sure that's not a concern for the owners. They are not there for nice views or comfort, they are there for a luxury symbol. In fact, there are quite a few cases of rich people buying these private properties purely because they know its value will increase in the future... while they themselves live in public housing. Also, there has been an increase in foreign buyers in recent years---people who don't even live in Singapore.
@言行一致 Makes no sense Singapore is better compared to all those places.
It makes sense that the prices are ballooning up. Land there is like a rare, exotic delicacy.
It's what happens when the government monopolizes all the real-estate, the poor and upper-class will never own anything and only the most paid government officials and wealthy foreigners will own houses. I feel bad for the people of Singapore
Lies again? HDB Paris
@@toasterlul As a singaporean I don't really care about owning land. My HDB is good enough.
@@toasterlul That’s not quite true though. Most GCBs are owned by rich local businessmen. Not many foreigners own them and as Singapore isn’t corrupt, few government officials will reach that level of wealth too.
@@toasterlul That's not really true, coming from a Singaporean..
If the owners of these GCBs are actually living in them for most of the year, Singapore has one up on many Western countries where uber-rich Asians have bought mansions purely as investments. Suburbs like Potts Point in Sydney have reached the ridiculous stage we normally associate with Bel Air or Manhattan - words like 'prestige' matter far more than the objective value of the property.
Potts point has extremely high density, very few empty properties
Small country. There's reason why most developed countries have under 50 millions citizens. And Singapore have less than 10 millions citizens.
Its crazy how little your dollar goes in sg. I lived there from 2012-2015 as a kid and my family stayed at 3 different condominiums in our time there. The rent was ridiculous and I knew only one person who actually owned an apartment and if I recall, they spent nearly 2 million on a 2 bedroom groundfloor apartment. It was crazy
Price is crazy but people still buy it that’s the crazier part 😂
They buy it for various reasons...one of which is that the price usually goes up which makes it a good investment. Rich begets rich!
@@khenglim not reallly honestly. There are a lot of buyers for condos that lose money.
2mil in 2015 must be something like 4mil today already...
Hong Kong is so much nicer and more posh. This is nothing compared to mansions in HK
The only GCB we have in Malaysia is the item on MCD menu.
I remember back when I was in Junior high, my parents never stay at hotel n always at their apartment n it wasn’t beautiful n I always complained that the room isn’t beautiful n right now I am grateful that nowadays, it’s very difficult to purchase property in SG, very expensive n luckily we managed get renovated
N n n n n
Rising prices in Singapore seems to defy the global trend however it is for very good reasons. Small island with high ownership % and most people stay in the houses they own. Of course there are other factors but it does stand out as a unique example compared to US and EU. As for GCBs, it largely doesn't matter to most Singaporeans :)
It's true that Singapore's real estate market operates differently compared to other parts of the world
The price of Singapore GCBs can double or even triple in price, but there is no effect on the rest of Singaporeans. Its like asking the price of private jets or super yachts increasing by 50% and the effects in the average Singaporeans.
Architecture wise, these so called ‘expensive’ homes are just large homes that looked outdated. U can tell the owner build this some time ago, because house that looks like this with that price is just not worth it.
This is singapore. Everything here is not worth it.
I disagree
The whole of Singapore is basically an expensive neighbourhood. All the prices of the HDB flats cost like luxurious mansions and penthouses!
There's a lot of very bad and out of touch western reporting and western takes on Singapore, but as a Singaporean, this felt well researched, executed and was very insightful
For the last house it just goes to show that even if you're rich it doesn't mean you have a good taste in style
these are old houses, people buy them for massive renovation or a whole rebuild
It’s just a dated design, probably from the 90s or 2000s
Watching the most expensive homes in Singapore while sleep on the same ikea bed for the helpers at 9:03
youre a GCP ..good class peasant 😂
You can stay in the gcb too..just apply to be the cleaner of the gcb house..since you already accustomed to sleeping in the exact same ikea bed..😆
@@soothingmoments2139 I was actually planning to--assuming that clients pay generously
@@lunchplus 😆..have you watched the Oscar winning korean movie titled parasite?..😆
This is why more and more Singaporeans can only continue remain delusional while dreaming and struggle just to smell such houses or lifestyle. In the end, all they could afford is a small pigeon flat, take public transport and work very hard for whole lifetime to pay so much just for a basic need and living.
Thanks for bringing the idea of wet vs dry kitchens to my attention. Very interesting
In Thailand, China, Vietnam also. Not new from Ching dynasty
That one house with the Lamborghini Reventon (1 of 20) in front is on Ridley Park street. The owner purposely always has an array of supercars parked outside for bypassers to look. The fence itself even has spots for you to look through. Very cool to see!
the gray car at 0:40 is a Lamborghini Reventon, EXTREMELY rare and fetch for millions of dollars.
1/20 reventon roadster 2 in singapore
One of my friend overseas once told me roads are paved with gold on Nassim road…yes I did look at pavement when passing by
The high rate of home ownership and the limited land availability on the small island contribute to the unique dynamics of the housing market
but recently an article showed that an Indonesian bought 3 GCBs for over $200 m, so that means that citizenship is not a requirement to purchase one
He is a rare case, as his relatives are Singaporeans and PRs, and had made significant investment to the country. The requirements for foreigners to buy GCB is actually very stringent as the government do not want protected freehold land to be owned by "outsiders". He will also have to sell it back to a Singapore citizen.
It is very expensive because of designated exclusivity under Singapore law. Like what they did with car ownership.
Just passing my time with these things until Crazy Rich Asians 2 comes out...
Those homes look so basic and dated compared to Australian properties. Those prices are insane
Imagine 0.5% owns a GCB. Record payment is $170M for that small piece of PRIVATE land in Singapore and also have restrictions to the land. At that point, the government is their friend, they have shares and control in top companies
Why are prices increasing? Their answer, because more people want GCB but apparently no one wants to question the price, they leave it to those suffering financially to complain while the rich have a shelter, an expensive one and untouchable.
@@MAJL-jz9ee most people live in government subsidied public housing in Singapore, homelessness isn't an issue.
this was great - thank you!
gotta love how all over the world “helpers” sleep in crammed dark shoe boxes smaller than these people’s closets
Visit a friend staying in sg. Even the rich ones living in a shoe box size flats. Sad, but at least they got to travel mostly in asia and stays in a villa for maybe 2 weeks a year.
Similar to South Africa, high price house areas have a lot of tall trees for privacy and exclusivity.
Yeah man. I was born in SA now working in Singapore. Similar in nature but totally different level out here. South Africa’s inequality is something else though. I pray SA’s government can change but it’s getting sad now.
@@thebishanmethod Thanks for the prayers 🙏. Hopefully things get better for the future generations.
Africa 💀
Did you really compared AfRiCa to Singapore
There's a massive market for tasteful interior designers for these homes. Always has been.
GCB is like the frontrunner of NFT's
Incredible ❤
When the attic is bigger than your house lol
The junior bedroom in the early video is the size of a hdb..😅
one lonely sink in kitchen area...but many bathrooms.,.. from experience you need at least 2 sinks to avoid the congestion at meal times. are prices in USD or Singapore dollar?
I promise myself one massive home next year amen 🙏
Massive house, the employee's room is a tiny nook stacked with bunk beds.
they deserve better..
@@fidelcatsro6948 No. No. No. Enough. Singaporeans are superior to all others and we are the ones to deserve better.
F egalitarianism, F the workers, F the maids. We will reap what we sow.
And the employee is staying in the house longer than the owners in a day.
@@Aeybiseediythan the owners in a month, probably
One way to gauge a rich Asian's personality is to check what their staff living quarters are like.
I love Singaporeans' sense of humor.
"crazy asian, no rich" 😂😂😂
Good example of just because you’re rich, doesn’t mean you have good taste.
Manifesting buying & owning one of Nassim road GCBs with hard cash. 🤞🏼
As a Singaporean, is not worth owning a GCB that is as much as 10 5 room hdb flats, plus you have to pay for all the maintenance just to have privacy at your swimming pool and outside barbeque.
Public housing don't make good investments. Govt makes sure of that. I'd probably go for condos like most Singaporeans do for investment. AS for the ultra rich, the gcbs are probably inheritance to pass down to generations after. Hdb are just "leases" with expiry after 99 years.
in kuala lumpur you only need $2mil to get a big ass bungalow at a super prime location
not really .. klang Valley yes ..
Just me living my small fry days in my 3-room while the wealthy and powerful are lording it out✌
I used to stay in a GCB in Toa Payoh. Most of my others friends stayed in HDB in Nassim.
The only GCB i had was from MCD
It should be considered a crime to have all that land taken on such a tiny tiny island where every little bit of space is valuable.
but, thats not how the world works.
So it is great that the Singapore government is attracting a lot of rich people to the country. I would like to knkw how that benefits the poor and working class Singaporeans.
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol
@Jay Béland Not at all, having monitored my portfolio performance which has made a jaw dropping $473k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market. I must say it's the boldest decision I've taken since recently.
The adviser I'm in touch with is 'PATRICIA V VESELY, She works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.
Thank you, I copied and pasted her name on web browser and sent a email waiting for reply.
@@StanleyHudson1 Wow, I'm sure this is totally not a scam.
@@joseignaciobaluk3741 even added in a "lol" at the end to be hip
Live close to Ridley Park and I can honestly state that most of the GCB in this area incredibly dull and vulgar. #2 Ridley Park is perhaps the worst and clearly the owner has more money than taste. It looks like a cross between an out of town retail park and an office. On the road I live on pretty much 80% of the houses have been purchased and knocked down and generic post modern block that fills the plot. Of course they fare even worse when you compare them to the wonderful blank and whites found in the area..
As if Tommy Goh would care shit about what you think about him and his “taste”. He was someone who built his company from scratch and was wise to sell it to an American company at the peak. He deserves everything he’s got!
You’re just jealous because you’re not successful like him!
I'm surprised. The kind of houses featured in this video is pretty common in my neighbourhood in Kota Damansara, Malaysia and we are not really that rich. I'm guessing the house to land price ratio over there in Singapore is like what... 30 : 70, 20 : 80?
Chandelier above the bath tub is perfect for Agent 47.
“Look at the Ferrari!” Whilst pointing at an aventador
It's a reventon not an Aventador
@@timduncan9696 I think you are correct! Looks like it might even be a reventon roadster but I could be wrong again
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Just make home in neighbouring country. Such as Indonesia in Batam or Malaysia in Johor
N follow with the rule .not just build a house
This is so true. The younger Singaporean should be afraid of higher price of these houses. Because it is the reflection of housing or houses property market right now. The younger Singaporean might not be able to rent a home in the future.
Regular Singaporean live in apartment. Good way to ensure regular people have place to live.
watching from my old hdb room with peeling paint
wow, the 'helpers'' room next to the kitchen is so shabby and sad
Hong Kong has a better tax system than Singapore's but Hong Kong is hamstrung by China's constant messing around with its laws. This has scared a lot of people out of the city unfortunately.
Am I the only one don’t fancy material stuff? All I want a tiny house with my love one .
Me too, I love my simple home.
Agreed
This is damn expensive😮Come to Uganda with some few dollars and get yourself a large piece of land where you can build a house and grow your food.
Luxury hotel dan report... ❤❤❤
No worries.. U guys can get super cheap GCB in Malaysia🤣 Its called: GCB burger🍔 (available in McD outlets whole Malaysia)😂
It only cost RM13.49 (about SGD4)😍
Expensive
Nothing to do with malaysia...just let it be
We have GCB in Malaysia too and it costs RM13.70.
I prefer Eleanor Young's humble abode on "Crazy Rich Asians."
That’s in Malaysia
Singaporean here. 🙋🏻♂️
hdb peasants we are..😆
@@fidelcatsro6948 Condo Peasant here
@@nasi364 😆😆😆
@@fidelcatsro6948 Terrace House peasant here
@@orchid6699 naaah you not qualified as peasant status...now go back to your office and do the desk work..
Beautiful homes but they are way too small to be so expensive
Land scarcity🤯
right, for that amount you could have built a mall in my country
Location location location
Even if I would be rich, no way I want to buy a house (sorry...bungalow) when I can see in my neighbours bedroom and almost shake hands.
Why wouldn't you if the value of your home nearly doubles in 2-5 years? If you don't want to live there, just buy the house and rent it out. Few investments are as certain to yield massive profits as Singapore real estate.
@@wielyrucs5366 So it just for investment and prestige then, not really for a home
@@NurmaBP It is both a nice house and a good investment. Choose for yourself if you want to keep it as purely an investment or one that you are gonna stay in while waiting for its value to rise. But passing the opportunity to purchase this when you got the money is foolish. Unless you have something else to invest in; that has a even higher growth rate and is just as certain to yield profits.
@@NurmaBP I mean if you think about it, nobody in SG really has a home they can live in for long. HDBs are only theirs for 90 years and the rich treat theirs as an investment. Very rarely is there anyone really planning to stay in a property for generations
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thankfully it doesn't impact the ordinary citizens as the government owns 90% of the land and have a awesome public housing scheme (not like HK, where the government owns the land but relies on it as its main cash cow, leasing it for impossible prices), it's probably the only wealthy city in the world where ordinary people can easily afford housing.
It's the way to go really, give the insanely rich their little playground so that they don't throw a tantrum, give them tax incentives so that they do business on the island but heavily tax the luxuries they enjoy (like cars), meanwhile limit the impact on the general population.
Singapore HDB is literal genius, there are other things I'm not a big fan of when it comes to SG governement but this is undeniable
HDB is a good concept and has shown to be one of the best things the gov has done but they really need to get a hold of rising costs. Soon, we will enter territory where all HDBs will cost at least 1 mil and clearly, demolishing loved malls and soon, Turf City, is not the solution as costs keep rising
The only way to alleviate that would be to build more.
Either land reclamation or more high rises.
Honestly, 1M SGD woukd still be very reasonable for a 5 rooms appartment in a major world city, it would still be under 10X median household income!!! Compare that to Paris where a similar appartment would cost litteraly 50X median household income (meaning only the wealthy and high income households can buy appartmentd in Paris)
@@louisazraels7072 Not saying that we need to be a cheap city to live in or anything. I agree that naturally, due to population and land size, housing costs will be high, but 1 mil is actually not a manageable sum for quite a decent chunk of our population, especially since the purpose of HDB was to provide affordable housing for all! Building more has not proven to lower housing costs, they are building more and more HDB blocks everywhere but the cost is still going up
@@e8943 well 1M would only be for 5 rooms flat, and we're still a long way away from that anyways.
Building more HDB and faster is the main way to keep prices low, the faster and the more are delivered at discounted prices the better itll keep the resale prices from rising.
@@louisazraels7072 Building more HDBs is not the solution. The new HDB flats are being made for “new” residents, not for the benefit of existing Singaporeans. If they really wanted to help Singaporeans, the solution is reducing the ceiling, back to the original, for buying flats and preventing people from owning more property than 1 HDB if they buy one. The rich who have enough money to buy more than 1 apartment/landed and own a Mercedes, should not be allowed to buy a HDB flat. That is how we make HDBs affordable for ALL. Property prices are rising faster than you believe and really needs to be acted on quicker with a different approach from building and building. Singapore cannot be compared to other cities like NY as NY is a city in a big country with many states. It is much easier for people who cannot afford to live in NY, to leave the city and move to other states and cities that are more affordable. On the other hand, in Singapore, if one cannot afford to buy housing here, it is much harder to move from one country to another just to get housing. Whilst I’m not saying that Singapore needs to be a cheap city (as I understand the reasons for a much higher than average cost of living), just across the border, just looking at rent, let alone property for sale, for S$3500, one can rent a 4200sqft semi-d whilst in SG, there are the biggest property you can rent is a 1500sqft HDB (which is already hard to find). A large gap is understandable given many factors but this is too wide of a gap
according to history a lot of the GCBs were also owned by Jews, Arabs, Indians, Eurasians and Armenians and some mixed european with asian people, thus not only the Chinese as incorrectly thought.
The only GCB that I can afford is the one in McDonalds (Grilled Chicken Burger)
Please take more rich people from Hong Kong . The prices you mentioned are not even half the prices of Hong Kong luxury houses . Please take in more of these people so we can have Hong Kong back to normal
never clicked this fast in my life 😂😂
the 2 best rules are that they have restrictions on making house only 2 story height and having house not touch its boundaries. i want these in my country its so dumb infrastructure here .
Thnx for showing me , where i stand .
You guys should do house in Palo Alto(silicon valley)
who's home is that at 0:40? it's really interestingly designed
Tommy Goh! Guy has a f1 simulator inside also, his house is MASSIVE has to be the biggest private home in Singapore I think, it's country club sized
The PAP ministers can all afford these houses while some average Singaporeans can't afford a HDB.
Awesome, great, suitable match home
that bathroom chandelier is 150 USD have one o those
Alright. I better pick up some extra shifts.
Beautiful 😍😍😍😍.
naaaah with that kinda money i can buy a castle in a 3rd world country with my own militia to guard it with 10guard dogs and 3cows and 15hectares of farmland and 20cats in my backyard
@@fidelcatsro6948thats why ur poor
So extremely beautiful
where in the world are property prices falling??
Listed company bosses, New Citizens, ex and current ministers..😊
That girl in the zoom call faking her accent is so bad lol
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AI might change some of the this scenario, since everything is quickly be in so called open source. Much maintenance is done by the poor people. The younger generation is continually taken for granted, when people stop buying crap, the rich will suffer.
then there are resale HDB that starts to sell at 1mil per unit/ buying a bto that cost 400k and above with such small living area
Really not making any sense at all hdb can shoot until 1mil per unit . Really crazy , cannot imagine in few years time our kids how much is the hdb price. Make sg citizen die faster better if like that. All increase but salary wise keep on maintain . But foreign their pay wise more higher than most of us citizen here.
the prices of these homes dont matter as much to the average singaporean as compared to when government housing costs more than a million dollars (which is happening)...
That’s why I don’t mind the government letting really rich foreigners who buy GCB’s becoming PR and/or citizens.
I’m opposed to the government letting in foreigners who are only able to afford small condos or hdb’s when they become PR and/or citizens because these are the people who snatch jobs that Singaporeans can and are willing to do AND drive up prices of property prices meant to be affordable housing.
Singaporeans need to differentiate the foreigners that will benefit the country vs foreigners who are thieves to true blue Singaporeans.
* sees Aventador "wow look at the Ferrari"
It's a reventon
Actually that house is full of Ferraris and there is only 1 Lambo that I know of which is that in the video. So it is possible she eas talking about the Ferraris behind it that the camera did not catch
Dude buying a home in the US would be 10 times better than those houses that are all tightly packed beside each other.
Considering how expensive they are, a lot of the houses in the video look kind of gaudy and tacky. 土豪, as they say in China.
If I had that kind of FU money I rather live in a penthouse with a beautiful view and pool than a GCB.
But it doesn't matter because even if I worked every day non stop 24/7 till the day I die, all I can afford is HDB. The divide between the rich and poor in Singapore has really widen over the last few decades.
It's depressing to come to the realization there is no upward mobility, no matter how hard you try, life is cruel so why bother.
It's not even that big WTF. You'll get half of Paris for 170M and a quarter of Dubai.
land scarce... I'm sure people wish they wouldn't even have to pay this much for that. if you compare it to the mansions in US, for the price you're paying this is pathetic. and the fact that it can only go up to two stories (less basement and carpark) means you won't see any atop a beautiful hill or some shit like that
Not everyone wants to move to that parts of the world. Asians want to stay close to home where their favourite food and culture is, especially when they get older.
Whenever I visit my relatives, they will always ask when are you moving back here? I m like, well..I am settling in the west. They're like, yeah but it is not home! 😂
@@BM-zd3vs I get you, I'm leaving the West this year to get a little closer to home (Arab World). But really, they could get a skyscraper in Bangkok for 170M $ or a massive penthouse in Hong-Kong.
Wow, good apartment
Most private properties are also now 99 years leasehold so it can't be passed down to generations like the government housing flats.
Those are private land not government land
Singapore looks like an East central African country called : Rwanda. Just as green and hilly as it
I have not the slightest desire for living in such a monstrous, redundant property, even if I were a billionaire.
why does the house in 8.58 have lanterns all over inside the house? I saw Chinese movies and they are always outside.