Serious Singaporean bought 32.3 million sqft Australian island for appx S$0.17psf

[Runifyouhaveto]

An unnamed Singaporean businessman has purchased an island measuring around 300ha off Tasmania’s northeast coast for nearly AU$5.5 million, reported Australia’s ABC News.

Located 30km from the small town of Bridport, Waterhouse Island comes with a homestead, cottage and shearing shed, and was previously used for raising sheep. There’s also a wharf and a lighthouse.

The freehold property also benefits from an airstrip, permanent power supply and mobile phone reception, said Ant Manton, the property agent who sold it.

http://www.propertyguru.com.sg/prop...126854/spore-businessman-buys-island-for-5-5m

 

[Runifyouhaveto]

300ha = 32.3 million sqft
AUD 5.5 million = appx SGD 5.51 million

Price per sqft = $0.17

Could the buyer be Krafty?? :p

 

[Happyhour]

300ha = 32.3 million sqft
AUD 5.5 million = appx SGD 5.51 million

Price per sqft = $0.17

Could the buyer be Krafty?? :p

Krafty and Narong the bromance pair.

 

[Runifyouhaveto]

CNBC: Singaporean businessman buys Aussie island for holidays

http://www.cnbc.com/2016/05/31/singaporean-businessman-buys-aussie-island-for-holidays-report.html

 

[Runifyouhaveto]

Fragrance hotel chain boss buys Australian island for $5.5 million

http://www.straitstimes.com/asia/au...in-boss-buys-australian-island-for-55-million

 

[Runifyouhaveto]

2 other Aussie islands for sale at similar prices

http://www.heraldsun.com.au/leader/...e/news-story/1284510c33396ab126b7f5bc079655b5