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Thread: Singapore property more expensive than Hong Kong?

  1. #1
    Senior

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    Default Singapore property more expensive than Hong Kong?

    Typical 1 bedder:

    Singapore - 450 sqft at S$630,000 after the 3% stamp duty (S$1400 psf)
    Hong Kong - 450 sqft at S$500,000 after S$8,000 stamp duty (S$1110 psf)

    http://hongkong.asiaxpat.com/propert...1/1000000/max/

    http://www.gov.hk/en/residents/taxes...duty_rates.htm

    http://www.xe.com/ucc/convert.cgi?Am...rom=HKD&To=SGD

  2. #2
    Senior

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    Comparison of similar properties?

  3. #3
    Junior

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    the comparison is invalid
    In HK, 450 sq ft only give u an usable area of 75-80%

    Definitely the properties in HK are far more expensive than in Sg, u need to compare the top end in HK to the Sg GCB as well

    In HK, the lease term is 50 years only

  4. #4
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    Given the useless large air con ledges and bay windows which typically eat up 20% of the GFA, I'm of the view that our property prices are closing the gap with Hong Kong properties (keeping the lease issue aside, since nowadays people are brushing off the concept of leasehold).

  5. #5
    Junior

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    Quote Originally Posted by hyenergix
    Given the useless large air con ledges and bay windows which typically eat up 20% of the GFA, I'm of the view that our property prices are closing the gap with Hong Kong properties (keeping the lease issue aside, since nowadays people are brushing off the concept of leasehold).

    Let me refer u to The Hermitage 帝峯 皇殿
    http://hk.centanet.com/icms/template...es=540&pid=208
    u would know the AC ledge and bay window are included as the built in, after the Efficient Index

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