Since Sep 2018 — when the brand raised US$963 million in its Hong Kong initial public offering (IPO) — Haidilao’s stocks have more than doubled. Zhang’s is an inspiring story of rags to riches: The 49-year-old is a self-made billionaire who built a hotpot empire from scratch, with the help of 3 good friends who agreed to invest in Haidilao during its early stages. One of them, Shu Ping, is now his wife. He comes from Jianyang, a rural province in Sichuan, and dropped out of high school to help earn money for his family. He worked as a welder in a tractor factory until 1994, when he emptied his savings to open the first Haidilao. 2. Robert & Philip Ng of Far East Organisation (net worth of $12.2 billion) #1 for the past 10 years (before 2019, of course), are the Ng brothers of Singapore’s largest private landlord and property developer, Far East Organisation, which was founded by their dad, Ng Teng Fong. Their empire was mostly built by their dad, … [Read more...] about How did the 5 richest people in Singapore make their fortune?
How singaporean buy hdb
Separated by just the Straits of Johor, Johor and Singapore are familiar neighbours. However, their respective property markets vary significantly. For those considering purchasing a home in either location, it is useful to understand just how significantly prices vary, as well as how prices compare by neighbourhood. We compared available data in order to help inform these consumers. HOW DO MEDIAN TRANSACTION PRICES IN SINGAPORE AND JOHOR COMPARE? In order to compare prices between areas Singapore and Johor, we compared the median sale price of homes in areas of each. To make a relevant comparison, we used pricing data for HDB resale flats in Singapore and and non-landed flats in areas of Johor with sufficient data. We found that homes are drastically more expensive in all areas of Singapore. This is even true when comparing more affordable areas of Singapore, such as Yishun, Ang Mo Kio and Woodlands to more expensive areas of Johor, like Johor Bahru and Iskandar Puteri. To get a … [Read more...] about How much cheaper are flats in Johor compared to Singapore?
Unrelated singles who are 35 years or older can also jointly apply for an HDB flat - up to 4 such individuals can co-own a flat this way under the Joint Singles Scheme. The only other eligibility requirement is the EIP and SPR quota (used to encourage and maintain social cohesiveness). However, this is more likely to impact your flat's location, rather than act as a hurdle against your eligibility to apply for one. As a single buyer, you have 2 choices when it comes to HDB apartments - a 2-room BTO HDB flexi flat, or a resale HDB flat. The table below presents a quick summary of the pros and cons of both options. WHICH HDB FLATS SHOULD SINGLES GET? 2-Room BTO HDB Flexi Flat (99-year lease) Resale HDB Flat More affordable (approx S$75,000 to S$158,000) More expensive (approx S$250,000 to S$343,000 for a 3-room flat) Longer waiting time (average 3 to 4 years) Shorter waiting time (You can complete your purchase in as little as 6 months) Restricted to 2-room units (35 sqm … [Read more...] about What type of HDB flats can single Singaporeans buy?
We're not even halfway into 2019, and there have already been at least 3 super-high-profile HDB resale transactions in the news. The most recent one is a 5-room flat in Tiong Bahru that was sold at a record $1.2m in April, which trumped the previous record high of $1.185m for a Boon Keng DBSS flat in January. Heck, even Punggol is close to getting in on the million-dollar action, with an insane $910,888 transaction for a massive HDB loft unit. ("Huh, HDB got loft one meh?") Just what makes them worth so much on the market? Really got so many rich buyers out there ah? Most importantly, can your own flat actually fetch $1 million too? Here's a look at the most expensive HDB resale transactions in the past 12 months. 2019 LIST OF HDB RESALE FLAT TRANSACTIONS >$1 MILLION Below is a summary of the key locations of the $1 million (and above) flats sold in the past 12 months, based on information from the HDB resale prices portal. While you were busy calculating the cost of your cai png … [Read more...] about $1m HDB resale transactions
If you didn't already know, Singaporeans who have never been married before can buy a HDB flat once they turn 35. While you may not be eligible for another decade or so, it's a good idea to know how much you'll need to buy a flat so you can start getting your finances in order. We talk to Amy Lim, an associate division director at Propnex Realty, to help you figure out what sort of flat you'll be able to get at 35, and how much you'll need to put down for it*. BTO OR RESALE? There are two main options when it comes to buying a HDB flat: brand new Build-to-Order (BTO) flats or resale flats from the open market. If you're earning $6,000 or less a month, you can apply for either. But if you're earning more than that, you can only apply for a resale flat. IF YOU GO FOR A BTO FLAT... BTO flats have 99-year leases and are generally much cheaper than resale flats. According to Amy, a two-room BTO flat in Punggol goes for about $130,000. Assuming you pay for 20 per cent of it … [Read more...] about Can you afford a HDB flat when you’re 35 and single?