by lowem » Sat 30 Jul 2005, 21:43:02
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ClickAnd this is supposed to be ....???
In this corner of the midwest a new house sells for 250k+; I seriously doubt that 1000 of the apartments show in Singapore , taking far less land with quite likely less materials (e.g. dut to shared infrastructure) would cost as much as 1000 McMansions
Here's the rough price list, in both SGD and USD :
"5-room flat", 110 sq m (1184 sq ft)
new ("subsidized") price : S$200K to S$250K (US$120K to US$150K)
resale (second-hand) price : S$280K to S$340K (US$170K to US$200K)
That's for my area (north-east Singapore). According to some pundits, the actual cost price of construction is actually quite a bit less than S$50K per apartment unit and the difference, well, going to governmental coffers.
And here's the
detailed price list. The actual price varies wildly according to height, age, location, proximity to facilities and all sorts of factors.
Divide by 1.66 to convert to US dollars.
An interesting side-note about the height thing - the Chinese seem to prefer the higher floors (from 8 to a dizzying 30, 40, and even 50), and will actually fork out $10-20K more for the "privilege/prestige/crap/etc." of staying up there, while the Indians and Malays seem to prefer floors 1 to 3 or so.
I'm on the 4th floor, and I'm happy to note that if the lifts (elevators) go out, I'm at least able to take the stairs without that much of a problem.
And then there's the issue of the water pumps ... the pressure coming in from the underground water pipes can only reach up to level 4 or 5 or thereabouts, anything above that will rely on the water pumps at each block to pump the water up to the roof-top tanks.