Friday, April 06, 2007

Property Prices Skyrocketing

High-end property in S'pore is skyrocketing in price. The latest hype in town is Keppel Land's waterfront home project, called "Reflections at Keppel Bay" which is a premium waterfront enclave. It is designed by world-renowned architect, Daniel Libeskind, who built the extension to the Denver Art Museum which Dot visited in December 2006, and who is the same architect who designed "Memory Foundations - World Trade Centre Master Plan". Imagine, he is going to build a residential development in Singapore, his first ever residential project in Asia. Wow - I would want to own a piece of it too if I could!

According to a Channelnewsasia report, the average price of the condo is going at S$1,900 per square foot, which is wow-wow-wow.

Another condo, which is at the One-north development near Buona Vista MRT, called One-north Residences, went at $1,200 per square foot, where 80% was sold within 3 days in private previews.

Don't get me wrong - I'm not into real estate. Just that there's been so much talk about it, I couldn't miss it.

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