Donnie Yen: Singapore’s property prices are ‘not cheap’

On Monday, the IP Man Pavilion at One Tampnies Hub was opened by Hong Kong action star Donne Yen. At the opening ceremony, he received a cheer from a crowd of more than 5,000 fans.

According to Wikipedia, Yen is “one of the most popular film stars in Asia of the early 2000s” as well as “one of the highest paid actors in Asia”. In 2013, Yen purportedly earned HK$220 million (US$28.4 million) from four films and six advertisements.

Previously in October, it was reported that he was shopping for a property that costs between $5 to $10 million.

Speaking to the media later, the superstar debunked myths that he was about to buy a property in Singapore.

Yen was quoted as saying: “Some of my friends wanted to look at houses [in Singapore], so I just went along.”

He added that buying a Singapore home was currently not on his mind because “it takes a lot of time and effort to manage a home. Not to mention, money. And Singapore’s houses are not cheap”.

While Yen will certainly not look towards buying a HDB flat of a mass market condominium, it is nonetheless interesting for someone of his income to think that Singapore’s houses are “not cheap”.

In Singapore, a $5 million budget would be able to get a 2 to 3 bedroom 1,800 to 2,000 square feet apartment in upmarket launches such as South Beach Residences or Boulevard 88.

By contrast, the same amount would be able to get a larger property in the world’s poshest addresses such as New York’s Manhattan and Los Angeles’ Bel Air.

Regardless, if one of Asia’s best paid movie stars will skip Singapore, how do you think the average man feels?

 

 

 

 

 

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22 Responses to “Donnie Yen: Singapore’s property prices are ‘not cheap’”

  • Sinkie:

    In a country with the world’s highest costs of living, Donne Yen shouldn’t be surprised that houses here are not cheap.

    The highest costs of living in Singapore will go even higher when the astronomically paid elites in coming months raise the GST by 28.57% from 7 percentage points to 9 percentage points.

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  • He's referring to private.:

    He’s referring to private.

    Good luck to the agent who managed to clinch the deal.

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  • Rot starts from the top:

    What’s wrong with collecting more money ?
    9% GST coming your way.
    It is a sign of integrity.
    What do you think ?

    Vote wisely.

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  • Asd:

    I think it would be wrong if any tax payer $ is used for his appearance directly or indirectly

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  • Harder Truths:

    I am waiting for the coming economic storm when the US stock market bubble busts and Chinese & Western investors flee.

    Let us se how the $G property market handles a long term recession that will see a massive drop in prices.

    No doubt government will make $G locals pay and pay to keep their million dollar salaries, since the Reservea are kaput already.

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  • TruBlu:

    Actually,HDB ARE RELARIVELY MORE COSTLY?

    PRIVATE ESPECIALLY FREE HOLD LANDED in non-central districts relatively cheaper than lousy 99 lease-hold condos BUT DONALD CANNOT INVEST AS NOT ALLOWED EXCEPT IN SENTOSA COVE WHICH IS BEYOND HIS PLANNED BUDGET?

    DONALD IS SMARR,CONDOS ARE DAMN TOO EXPENSIVE!

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  • oxygen:

    WATCH OUT! Sinkie property fanatics.

    Singapore’s Property Glut Could Take Years to Clear

    https://www.msn.com/en-sg/money/topstories/singapores-property-glut-could-take-years-to-clear/ar-BBXXMMl?li=BBr8Cnr

    Bloomberg.com :– Singapore has a property glut that could take years to clear, threatening to kill a nascent price recovery amid an already uncertain economic outlook.
    The city-state had an overhang of 31,948 units as of Sept. 30, according to the Urban Redevelopment Authority. Sales have averaged about 2,500 homes per quarter this year, and at that rate it will take almost four years to clear the backlog, according to Christine Li, head of research for Singapore and Southeast Asia at Cushman & Wakefield Plc.

    The crash is not here yet, but could be coming soon.

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  • 90s incident:

    some will tell u westerns countries property are more exp … Not true that property prices in western countries are more expensive than in Singapore, unless you are looking at the luxury condos in the prime locations. Most of the apartments in other countries are quite affordable when compared to Singapore.

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  • patriot of TUMASIK:

    Singapore is a Haven for laundered money to buy properties…NO QUESTIONS asked until CAUGHT or disclosed by reliable sources… then they will say “is that so”??? one or two liners in the Shitty Press and swept under the carpet…”we need Billions in Singapore regardless” Quote: unquote an IDIOT 1stClass

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  • Tom:

    Property prices will not come down next 2 years.
    And after that,if global economy improves,property prices likely to maintain a gradual uptrend.

    Sg property is limited as land is scare.
    If you are not speculating but buy to stay or for long term,it will be ok.

    So many have been saying gloom for so many years and i read them here.
    Still,land scarcity and relative safety means rich regional buyers will still help to prop up our property market.

    Dont speculate,buy for long term.
    No more land in Sg.
    The glut is temporary.
    It is because of government intervention.

    But HDB prices are just ridiculous.
    The government must sell lower in primary market.

    Just imagine 99 years condos priced higher than freehold landed in many districts.

    Sgs are indeed stupid.
    They fork out $2.5 to $3 million on 99 years condos but think freehold landed are expensive.
    More stupid is of course HDB.

    $1 million HDB is just stupid when landed freehold sells for $2 million plus only in many districts?

    Must be due to stupid government policies.

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  • disaster waiting to happen:

    pap folks, brainless, do more of the same.

    sooner and no later the brainless deeds hurt everyone, 30% OPPO and 70% sheep.

    1st, pap thinks rising property prices in a small island is the magic wand for S$m. forgetting median wage is S$3,500 pm ONLY meaning there is a finite limit which pap can raise property prices.

    sure. pap says allow into small island more billionaires so that they can prop up property prices aka land prices. but other than fugitive billionaires, where got so many to come here.

    2nd, pap has been managing using the exchange rate. in times past, perhaps it worked because small island was a trading post. but in 2019 Internet age, how much of 70% sheep cpf money is used to prop up the S$? is it worth throwing so much money to artificially maintain so called S$ strength?

    something must break sooner or later.

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  • oxygen:

    @ Tom

    I DOUBT YOU CAN SERIOUSLY SANGUINE ABOUT the prospects of economic recovery and property prices ahead.

    Tom: Property prices will not come down next 2 years.
    And after that,if global economy improves,property prices likely to maintain a gradual uptrend.

    Trump talk of China trade deal sent US stock indices into record territory. That is a delusion of wonder times ahead.

    Go to marketwatch.com and check these facts out:

    US 10 yr treasury was up a phenomenal 9 basis points overnight without inflation data. EU 10 yr also race away.

    US dollar tumbled.

    The currency and bond market is calling US equities market bluff living on debt levels unsustainable.

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  • oxygen:

    @ Tom

    Despite the fall in DXY as a proxy for US dollar, GOLD PRICE ALSO FALLEN LAST NIGHT.

    IF USD AND GOLD ARE NO LONGER SAFE HAVEN, I did be on a lookout for false optimism.

    REMEMBER THIS – the bond market and the currency market is MUCH MUCH BIGGER THAN THE EQUITIES MARKET.

    THAT IS TO SAY THE DANGER SIGNALS ARE FAR BIGGER OF WARNING than the optimism in equities and even NEARLY NON-EXISTENT PUNY STILL is property market.

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  • oxygen:

    @ Tom,

    BUT I AGREE WITH YOU ON THIS – nearly 70% are too stupid to even begin to discover they are stupid to impossibility.

    Tom: But HDB prices are just ridiculous.
    The government must sell lower in primary market.

    Just imagine 99 years condos priced higher than freehold landed in many districts.

    Sgs are indeed stupid.
    They fork out $2.5 to $3 million on 99 years condos but think freehold landed are expensive.
    More stupid is of course HDB.

    $1 million HDB is just stupid when landed freehold sells for $2 million plus only in many districts?

    Must be due to stupid government policies.

    HOW CAN AN ECONOMY, ANY ECONOMY SUSTAINS ON AN ASSET BUBBLE??

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  • Bapak:

    He is wise. Akan Datang – IP MAN 5 – Kick PaPIGs asses.

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  • justanothercitizen:

    Donnie is a 100s of million $ rich USA citizen, not a HKer. Don’t see him buying properties in Singapore at all.

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  • NotMyProblem:

    justanothercitizen:
    Donnie is a 100s of million $ rich USA citizen, not a HKer. Don’t see him buying properties in Singapore at all.

    If CECA Ramesh can buy a condo here, I don’t see why Donnie cannot!

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  • Andy tau:

    Food also not cheap.

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  • Are you a prophet, Tom?:

    @ Tom:
    There is a glut of completed unsold properties in S’pore. In addition, there is a supply overhang as Developers are expected to complete their condos over the next few years to add to the growing glut.
    The demand for new launches are insipid & clouded by marketing tactics by Developers to drip feed small quantities of units in phases.
    If you understand your demand & supply economic theory, how can “Property prices will not come down next 2 years”? Please explain.
    The Global Economy has geopolitical overtones of increasing global conflicts between the US & China/Russia Alliance. Globalisation is officially dead with ongoing trade war being initiated by Trump against the world.
    What are you smoking, Tom?

    Tom:
    Property prices will not come down next 2 years.
    And after that,if global economy improves,property prices likely to maintain a gradual uptrend.

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  • AnT:

    He should learn from his other celebs freeloaders in getting easy PRs, citizenship by flatterng the lousy party and suddenly developers will offer him deep discounts just like Nassim Jade and 28 Scotts.

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  • Not cheap, just affordable:

    In Sinkieland, property is never rated as cheap, or for that matter expensive. The Marlboro man will always tell you that its “affordable”.

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  • SoFDMC:

    Bapak:
    He is wise. Akan Datang [Coming Soon] – IP MAN 5 – Kick PaPIGs asses.

    This is made of WIN.

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