- Joined
- May 16, 2023
- Messages
- 42,413
- Points
- 113
Singapore wins when a foreigner pays S$6,274 psf for a luxury condo here
Lowering ABSD for sales of big ticket luxury condo homes to foreigners could yield benefitsSummarise
Leslie Yee
Published Mon, Oct 13, 2025 · 11:09 AM- Amid some countries erecting trade barriers and multilateralism being undermined, Singapore could do well to build closer ties with rich foreigners. PHOTO: YEN MENG JIIN, BT
- Amid some countries erecting trade barriers and multilateralism being undermined, Singapore could do well to build closer ties with rich foreigners. PHOTO: YEN MENG JIIN, BT
- Amid some countries erecting trade barriers and multilateralism being undermined, Singapore could do well to build closer ties with rich foreigners. PHOTO: YEN MENG JIIN, BT
- Amid some countries erecting trade barriers and multilateralism being undermined, Singapore could do well to build closer ties with rich foreigners. PHOTO: YEN MENG JIIN, BT
- Amid some countries erecting trade barriers and multilateralism being undermined, Singapore could do well to build closer ties with rich foreigners. PHOTO: YEN MENG JIIN, BT
SC Global Developments was the seller of the mid-level four-bedroom unit, and the buyer is understood to be Kristian Jebsen. He is a Swiss citizen and his family is selling out of integrated global shipping company Gearbulk Holding.
For sure, achieving over S$6,000 psf is not typical for transactions at The Marq based on a check of the Urban Redevelopment Authority’s (URA’s) Realis data. Caveats lodged for transactions of four-bedroom apartments between 2022 and 2024 showed prices in the range of S$4,208 psf to S$4,580 psf.