Inside The Most Expensive Neighborhoods of Singapore | Insider Business

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  • เผยแพร่เมื่อ 25 มี.ค. 2023
  • Good Class Bungalows are the most prestigious and expensive homes in Singapore. GCBs even inspired homes in the movie "Crazy Rich Asians." Today, their prices are soaring as the island's ultrarich are fighting to get one. And there are all kinds of building rules owners have to follow once they get a GCB.
    We tour two Good Class Bungalows with Julian Yip, managing director of Realstar Premier Group, and Billionaire's Row with TH-camr Si Ling to see how these rising prices could affect the rest of the island's residents.
    Check out more from Si Ling on her TH-cam channel Red Potato Singapore: / redpotatosingapore
    Thanks to JNA Real Estate for the footage: / @jnarealestate
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    Inside The Most Expensive Neighborhoods of Singapore | Insider Business

ความคิดเห็น • 831

  • @n4rae40
    @n4rae40 ปีที่แล้ว +1178

    “Im just an asian. i dont have the crazy and rich part” she’s so real for this

    • @DylanDkoh
      @DylanDkoh 5 หลายเดือนก่อน +5

      It's a movies reference from the crazy rich asian, a popular sg movie

    • @NazriB
      @NazriB 2 หลายเดือนก่อน

      Lies again? Jackal Wolf AIA Money

    • @pseudochef07
      @pseudochef07 หลายเดือนก่อน +1

      As an Asian.. I relate to this so much.. 😂

    • @thngzys
      @thngzys 9 วันที่ผ่านมา

      ​@@DylanDkoh it's a movie with reference to sg, but pretty sure it's not an SG movie. It's an American movie.

    • @AyeshaAdam850
      @AyeshaAdam850 2 วันที่ผ่านมา

      Are you serious 😊

  • @geopoliticallycorrect2538
    @geopoliticallycorrect2538 ปีที่แล้ว +1367

    I used to live on Nassim Road and being one of the few malays living on that road - the police stopped me on a few different occasions to check my ID to confirm that I actually lived on Nassim Road. Racism still present in Singapore.

  • @bozanimal5576
    @bozanimal5576 ปีที่แล้ว +195

    If TV has taught me anything, it's that someone is going to die when that chandelier falls.

    • @gabbycarter965
      @gabbycarter965 ปีที่แล้ว +20

      I can't understand anyone putting a chandelier over a bathtub.

    • @TheLast-One
      @TheLast-One ปีที่แล้ว

      ​@@gabbycarter965 So you can swing from the chandelier into the bathtub

    • @j134679
      @j134679 ปีที่แล้ว +1

      ​@GABBY CARTER they probably don't bathe anyway. Just have body scrub & other treatments at spa

    • @Naithesther7085
      @Naithesther7085 หลายเดือนก่อน

      Ikr😂

    • @momomo8383
      @momomo8383 25 วันที่ผ่านมา

      I had the same thought🫣

  • @TheMightyMedia
    @TheMightyMedia ปีที่แล้ว +834

    the problem with GCB's is that for the price, you get "very little". look at what places like Malibu, BH and Hollywood offer. GCB's are more of a status symbol and accolade than an actual luxury home. no GCB in Singapore has an actual "view" and the only reason why amenities are plentiful and convenient is because the country is small so everything in within reach very easily
    even for big homes in Sentosa, the "scenery" if any at all is really not in the same class as what one may find in Newport Beach, Pacific Palisades, Hamptons, Sydney or Cote De Azure etc. let's be real, GCB's are a store of wealth to pass on to the next generation, not an actual home for "luxury living". visit them, compare and you'll unfortunately see the stark difference and lack of standards in comparison

    • @tanpingyi4771
      @tanpingyi4771 ปีที่แล้ว +37

      why is it a problem lol. at least it aint a problem for those who actually bought it

    • @mdee8784
      @mdee8784 ปีที่แล้ว +4

      Precisely

    • @ashutoshkumardixit5657
      @ashutoshkumardixit5657 ปีที่แล้ว +69

      but Singapore is safe from all the issues of west, safe from drugs etc.

    • @NijiKonohana
      @NijiKonohana ปีที่แล้ว +45

      Pretty sure that's not a concern for the owners. They are not there for nice views or comfort, they are there for a luxury symbol. In fact, there are quite a few cases of rich people buying these private properties purely because they know its value will increase in the future... while they themselves live in public housing. Also, there has been an increase in foreign buyers in recent years---people who don't even live in Singapore.

    • @ashutoshkumardixit5657
      @ashutoshkumardixit5657 ปีที่แล้ว +11

      @言行一致 Makes no sense Singapore is better compared to all those places.

  • @ETS186
    @ETS186 ปีที่แล้ว +149

    Long time ago my Sporean college buddy told me "in Singapore, if you say your family owns a house, that means they're really rich. Or probably old money."
    You can have a Ferrari while still living in a government apartment.

    • @munerahmohamed2846
      @munerahmohamed2846 ปีที่แล้ว +7

      True but no big deal..most homes in spore are very shitty..no class..no character..no design...waste of money

    • @d44347
      @d44347 ปีที่แล้ว +1

      i think you need clarification on what kind of houses those are. they could still coin private condominiums and apartments and even flats as “ houses “. but of course some people prefer fast cars to large houses

    • @jwlsiee
      @jwlsiee ปีที่แล้ว +1

      @@d44347 probably mean landed property

    • @LordBagdanoff
      @LordBagdanoff 11 หลายเดือนก่อน +1

      Government property also over a million dollars now

    • @tekkieman
      @tekkieman 11 หลายเดือนก่อน +1

      Doubt it. You have to get a permit to even buy a car. And when you do, the taxes are obscene.

  • @rafaelperalta1676
    @rafaelperalta1676 ปีที่แล้ว +542

    It makes sense that the prices are ballooning up. Land there is like a rare, exotic delicacy.

    • @massimobestpalylol
      @massimobestpalylol ปีที่แล้ว +38

      It's what happens when the government monopolizes all the real-estate, the poor and upper-class will never own anything and only the most paid government officials and wealthy foreigners will own houses. I feel bad for the people of Singapore

    • @NazriB
      @NazriB ปีที่แล้ว +1

      Lies again? HDB Paris

    • @randomshitpost8477
      @randomshitpost8477 ปีที่แล้ว +44

      @@massimobestpalylol As a singaporean I don't really care about owning land. My HDB is good enough.

    • @lukeh3020
      @lukeh3020 ปีที่แล้ว +9

      @@massimobestpalylol That’s not quite true though. Most GCBs are owned by rich local businessmen. Not many foreigners own them and as Singapore isn’t corrupt, few government officials will reach that level of wealth too.

    • @itsmz827
      @itsmz827 ปีที่แล้ว +30

      @@massimobestpalylol That's not really true, coming from a Singaporean..

  • @kgandrala
    @kgandrala ปีที่แล้ว +258

    Its crazy how little your dollar goes in sg. I lived there from 2012-2015 as a kid and my family stayed at 3 different condominiums in our time there. The rent was ridiculous and I knew only one person who actually owned an apartment and if I recall, they spent nearly 2 million on a 2 bedroom groundfloor apartment. It was crazy

    • @LordBagdanoff
      @LordBagdanoff 11 หลายเดือนก่อน +9

      Price is crazy but people still buy it that’s the crazier part 😂

    • @khenglim
      @khenglim 11 หลายเดือนก่อน

      They buy it for various reasons...one of which is that the price usually goes up which makes it a good investment. Rich begets rich!

    • @LordBagdanoff
      @LordBagdanoff 11 หลายเดือนก่อน +3

      @@khenglim not reallly honestly. There are a lot of buyers for condos that lose money.

    • @Amigonnastay
      @Amigonnastay 11 หลายเดือนก่อน +1

      2mil in 2015 must be something like 4mil today already...

    • @A1steak
      @A1steak หลายเดือนก่อน +1

      Hong Kong is so much nicer and more posh. This is nothing compared to mansions in HK

  • @bf842903
    @bf842903 ปีที่แล้ว +153

    Watching the most expensive homes in Singapore while sleep on the same ikea bed for the helpers at 9:03

    • @fidelcatsro6948
      @fidelcatsro6948 ปีที่แล้ว

      youre a GCP ..good class peasant 😂

    • @soothingmoments2139
      @soothingmoments2139 ปีที่แล้ว +17

      You can stay in the gcb too..just apply to be the cleaner of the gcb house..since you already accustomed to sleeping in the exact same ikea bed..😆

    • @lunchplus
      @lunchplus ปีที่แล้ว

      @@soothingmoments2139 I was actually planning to--assuming that clients pay generously

    • @soothingmoments2139
      @soothingmoments2139 ปีที่แล้ว +6

      @@lunchplus 😆..have you watched the Oscar winning korean movie titled parasite?..😆

    • @jameslim3850
      @jameslim3850 ปีที่แล้ว +5

      This is why more and more Singaporeans can only continue remain delusional while dreaming and struggle just to smell such houses or lifestyle. In the end, all they could afford is a small pigeon flat, take public transport and work very hard for whole lifetime to pay so much just for a basic need and living.

  • @arthurwatts1680
    @arthurwatts1680 ปีที่แล้ว +28

    If the owners of these GCBs are actually living in them for most of the year, Singapore has one up on many Western countries where uber-rich Asians have bought mansions purely as investments. Suburbs like Potts Point in Sydney have reached the ridiculous stage we normally associate with Bel Air or Manhattan - words like 'prestige' matter far more than the objective value of the property.

    • @daweigo6851
      @daweigo6851 10 หลายเดือนก่อน

      Potts point has extremely high density, very few empty properties

    • @gappergob6169
      @gappergob6169 4 หลายเดือนก่อน +1

      Small country. There's reason why most developed countries have under 50 millions citizens. And Singapore have less than 10 millions citizens.

  • @goldfries
    @goldfries 11 หลายเดือนก่อน +13

    The only GCB we have in Malaysia is the item on MCD menu.

  • @Alfredwijaya1
    @Alfredwijaya1 ปีที่แล้ว +57

    I remember back when I was in Junior high, my parents never stay at hotel n always at their apartment n it wasn’t beautiful n I always complained that the room isn’t beautiful n right now I am grateful that nowadays, it’s very difficult to purchase property in SG, very expensive n luckily we managed get renovated

    • @2BXD
      @2BXD ปีที่แล้ว +2

      N n n n n

  • @investwithpete
    @investwithpete ปีที่แล้ว +128

    Rising prices in Singapore seems to defy the global trend however it is for very good reasons. Small island with high ownership % and most people stay in the houses they own. Of course there are other factors but it does stand out as a unique example compared to US and EU. As for GCBs, it largely doesn't matter to most Singaporeans :)

    • @Jasmine_DD
      @Jasmine_DD 5 หลายเดือนก่อน

      It's true that Singapore's real estate market operates differently compared to other parts of the world

  • @rich1228
    @rich1228 ปีที่แล้ว +33

    The price of Singapore GCBs can double or even triple in price, but there is no effect on the rest of Singaporeans. Its like asking the price of private jets or super yachts increasing by 50% and the effects in the average Singaporeans.

  • @blacklavoux
    @blacklavoux ปีที่แล้ว +23

    Architecture wise, these so called ‘expensive’ homes are just large homes that looked outdated. U can tell the owner build this some time ago, because house that looks like this with that price is just not worth it.

    • @user-fw3yq7ng8k
      @user-fw3yq7ng8k ปีที่แล้ว +6

      This is singapore. Everything here is not worth it.

    • @AyeshaAdam850
      @AyeshaAdam850 2 วันที่ผ่านมา

      I disagree

  • @sps6
    @sps6 ปีที่แล้ว +5

    One of my friend overseas once told me roads are paved with gold on Nassim road…yes I did look at pavement when passing by

  • @imranbecks
    @imranbecks ปีที่แล้ว +11

    The whole of Singapore is basically an expensive neighbourhood. All the prices of the HDB flats cost like luxurious mansions and penthouses!

  • @salvatoreIII
    @salvatoreIII ปีที่แล้ว +40

    Thanks for bringing the idea of wet vs dry kitchens to my attention. Very interesting

    • @saramorgan6606
      @saramorgan6606 11 หลายเดือนก่อน +1

      In Thailand, China, Vietnam also. Not new from Ching dynasty

  • @alaskafirebrace3400
    @alaskafirebrace3400 11 หลายเดือนก่อน +9

    but recently an article showed that an Indonesian bought 3 GCBs for over $200 m, so that means that citizenship is not a requirement to purchase one

    • @LLcreates
      @LLcreates หลายเดือนก่อน +3

      He is a rare case, as his relatives are Singaporeans and PRs, and had made significant investment to the country. The requirements for foreigners to buy GCB is actually very stringent as the government do not want protected freehold land to be owned by "outsiders". He will also have to sell it back to a Singapore citizen.

  • @Moving_Chicane
    @Moving_Chicane ปีที่แล้ว +12

    this was great - thank you!

  • @thamithwala3011
    @thamithwala3011 ปีที่แล้ว +54

    Similar to South Africa, high price house areas have a lot of tall trees for privacy and exclusivity.

    • @thebishanmethod
      @thebishanmethod ปีที่แล้ว +2

      Yeah man. I was born in SA now working in Singapore. Similar in nature but totally different level out here. South Africa’s inequality is something else though. I pray SA’s government can change but it’s getting sad now.

    • @thamithwala3011
      @thamithwala3011 ปีที่แล้ว

      @@thebishanmethod Thanks for the prayers 🙏. Hopefully things get better for the future generations.

    • @adrijanpopovic4671
      @adrijanpopovic4671 หลายเดือนก่อน

      Africa 💀

    • @adrijanpopovic4671
      @adrijanpopovic4671 หลายเดือนก่อน

      Did you really compared AfRiCa to Singapore

  • @MAJL-jz9ee
    @MAJL-jz9ee ปีที่แล้ว +43

    Imagine 0.5% owns a GCB. Record payment is $170M for that small piece of PRIVATE land in Singapore and also have restrictions to the land. At that point, the government is their friend, they have shares and control in top companies

    • @MAJL-jz9ee
      @MAJL-jz9ee ปีที่แล้ว

      Why are prices increasing? Their answer, because more people want GCB but apparently no one wants to question the price, they leave it to those suffering financially to complain while the rich have a shelter, an expensive one and untouchable.

    • @SpektrikMusic
      @SpektrikMusic ปีที่แล้ว +11

      ​@@MAJL-jz9ee most people live in government subsidied public housing in Singapore, homelessness isn't an issue.

    • @mingzmings88
      @mingzmings88 9 หลายเดือนก่อน

      Dirt cheap for them.. peanuts 🥜 $$$

  • @heatherstephens9295
    @heatherstephens9295 11 หลายเดือนก่อน +1

    Incredible ❤

  • @Jasmine_DD
    @Jasmine_DD 5 หลายเดือนก่อน +3

    The high rate of home ownership and the limited land availability on the small island contribute to the unique dynamics of the housing market

  • @cassiejacobs4197
    @cassiejacobs4197 8 หลายเดือนก่อน +30

    When you invest, you're buying a day you don't have to work

    • @chrispaul3778
      @chrispaul3778 8 หลายเดือนก่อน

      Assets that can make you rich
      Bitcoin
      Stocks
      Real estate

    • @leahmolly9150
      @leahmolly9150 8 หลายเดือนก่อน

      ​@@chrispaul3778You're right, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor

    • @maxiecharles2842
      @maxiecharles2842 8 หลายเดือนก่อน

      ​@@leahmolly9150It's not ignorance but due to some unprofessional broker in the market

    • @jeremygood3246
      @jeremygood3246 8 หลายเดือนก่อน

      Now is the best time to purchase and invest in Bitcoin, stop procrastinating!!

    • @lukeben1596
      @lukeben1596 8 หลายเดือนก่อน

      I recently got into forex trading and im already marveling over the profits I'm making, I'm like " how the hell have i been sleeping on this

  • @codelessunlimited7701
    @codelessunlimited7701 ปีที่แล้ว +41

    It is very expensive because of designated exclusivity under Singapore law. Like what they did with car ownership.

  • @testing6753
    @testing6753 ปีที่แล้ว +8

    the gray car at 0:40 is a Lamborghini Reventon, EXTREMELY rare and fetch for millions of dollars.

    • @dozin3380
      @dozin3380 ปีที่แล้ว

      1/20 reventon roadster 2 in singapore

  • @harisadu8998
    @harisadu8998 11 หลายเดือนก่อน +8

    Hong Kong has a better tax system than Singapore's but Hong Kong is hamstrung by China's constant messing around with its laws. This has scared a lot of people out of the city unfortunately.

  • @salvadorpalma8173
    @salvadorpalma8173 ปีที่แล้ว +86

    Massive house, the employee's room is a tiny nook stacked with bunk beds.

    • @fidelcatsro6948
      @fidelcatsro6948 ปีที่แล้ว +4

      they deserve better..

    • @rjjrjehehew
      @rjjrjehehew ปีที่แล้ว

      ​​@@fidelcatsro6948 No. No. No. Enough. Singaporeans are superior to all others and we are the ones to deserve better.
      F egalitarianism, F the workers, F the maids. We will reap what we sow.

    • @Aeybiseediy
      @Aeybiseediy ปีที่แล้ว +16

      And the employee is staying in the house longer than the owners in a day.

    • @groundedgaming
      @groundedgaming ปีที่แล้ว +7

      @@Aeybiseediythan the owners in a month, probably

    • @j134679
      @j134679 ปีที่แล้ว +4

      One way to gauge a rich Asian's personality is to check what their staff living quarters are like.

  • @milostripreports1291
    @milostripreports1291 8 หลายเดือนก่อน +4

    For the last house it just goes to show that even if you're rich it doesn't mean you have a good taste in style

    • @anonymousman9824
      @anonymousman9824 7 หลายเดือนก่อน

      these are old houses, people buy them for massive renovation or a whole rebuild

    • @Jemolian
      @Jemolian 6 หลายเดือนก่อน

      It’s just a dated design, probably from the 90s or 2000s

  • @lifesajoke26
    @lifesajoke26 ปีที่แล้ว +21

    When the attic is bigger than your house lol

    • @soothingmoments2139
      @soothingmoments2139 ปีที่แล้ว +1

      The junior bedroom in the early video is the size of a hdb..😅

  • @zamirazam6099
    @zamirazam6099 10 หลายเดือนก่อน +2

    Visit a friend staying in sg. Even the rich ones living in a shoe box size flats. Sad, but at least they got to travel mostly in asia and stays in a villa for maybe 2 weeks a year.

  • @Muslimah1987
    @Muslimah1987 8 หลายเดือนก่อน +5

    Just passing my time with these things until Crazy Rich Asians 2 comes out...

  • @VerreButterfly
    @VerreButterfly ปีที่แล้ว +15

    Just me living my small fry days in my 3-room while the wealthy and powerful are lording it out✌

  • @rebel.taylord
    @rebel.taylord 7 หลายเดือนก่อน +4

    If I had that kind of FU money I rather live in a penthouse with a beautiful view and pool than a GCB.
    But it doesn't matter because even if I worked every day non stop 24/7 till the day I die, all I can afford is HDB. The divide between the rich and poor in Singapore has really widen over the last few decades.
    It's depressing to come to the realization there is no upward mobility, no matter how hard you try, life is cruel so why bother.

  • @STOXIU
    @STOXIU ปีที่แล้ว +1

    the 2 best rules are that they have restrictions on making house only 2 story height and having house not touch its boundaries. i want these in my country its so dumb infrastructure here .

  • @crys_4476
    @crys_4476 ปีที่แล้ว

    then there are resale HDB that starts to sell at 1mil per unit/ buying a bto that cost 400k and above with such small living area

    • @AB-zh2ln
      @AB-zh2ln ปีที่แล้ว +1

      Really not making any sense at all hdb can shoot until 1mil per unit . Really crazy , cannot imagine in few years time our kids how much is the hdb price. Make sg citizen die faster better if like that. All increase but salary wise keep on maintain . But foreign their pay wise more higher than most of us citizen here.

  • @Nick-vd7cg
    @Nick-vd7cg ปีที่แล้ว +7

    GCB is like the frontrunner of NFT's

  • @dkice7191
    @dkice7191 ปีที่แล้ว +7

    The only GCB i had was from MCD

  • @hoangenhaao9182
    @hoangenhaao9182 ปีที่แล้ว +11

    You guys should do house in Palo Alto(silicon valley)

  • @cupcakesteriacupcake8889
    @cupcakesteriacupcake8889 7 หลายเดือนก่อน

    Manifesting buying & owning one of Nassim road GCBs with hard cash. 🤞🏼

  • @greenestmachine71
    @greenestmachine71 ปีที่แล้ว +5

    Live close to Ridley Park and I can honestly state that most of the GCB in this area incredibly dull and vulgar. #2 Ridley Park is perhaps the worst and clearly the owner has more money than taste. It looks like a cross between an out of town retail park and an office. On the road I live on pretty much 80% of the houses have been purchased and knocked down and generic post modern block that fills the plot. Of course they fare even worse when you compare them to the wonderful blank and whites found in the area..

    • @kenyoung6666
      @kenyoung6666 11 หลายเดือนก่อน +1

      As if Tommy Goh would care shit about what you think about him and his “taste”. He was someone who built his company from scratch and was wise to sell it to an American company at the peak. He deserves everything he’s got!
      You’re just jealous because you’re not successful like him!

  • @sauravbansal8023
    @sauravbansal8023 ปีที่แล้ว +2

    that bathroom chandelier is 150 USD have one o those

  • @knightnight0237
    @knightnight0237 ปีที่แล้ว +20

    “Look at the Ferrari!” Whilst pointing at an aventador

    • @timduncan9696
      @timduncan9696 2 หลายเดือนก่อน +1

      It's a reventon not an Aventador

    • @knightnight0237
      @knightnight0237 2 หลายเดือนก่อน

      @@timduncan9696 I think you are correct! Looks like it might even be a reventon roadster but I could be wrong again

  • @ravikadel9302
    @ravikadel9302 ปีที่แล้ว +2

    Awesome, great, suitable match home

  • @TaraMenonPattilachan
    @TaraMenonPattilachan ปีที่แล้ว +3

    who's home is that at 0:40? it's really interestingly designed

    • @diablo2v2
      @diablo2v2 2 หลายเดือนก่อน

      Tommy Goh! Guy has a f1 simulator inside also, his house is MASSIVE has to be the biggest private home in Singapore I think, it's country club sized

  • @deliciousfoodranger
    @deliciousfoodranger ปีที่แล้ว +3

    Wow, good apartment

  • @dexterousakuma4341
    @dexterousakuma4341 ปีที่แล้ว +8

    As a Singaporean, is not worth owning a GCB that is as much as 10 5 room hdb flats, plus you have to pay for all the maintenance just to have privacy at your swimming pool and outside barbeque.

    • @jen5138
      @jen5138 ปีที่แล้ว +5

      Public housing don't make good investments. Govt makes sure of that. I'd probably go for condos like most Singaporeans do for investment. AS for the ultra rich, the gcbs are probably inheritance to pass down to generations after. Hdb are just "leases" with expiry after 99 years.

  • @OrendaDesignStudio
    @OrendaDesignStudio ปีที่แล้ว +3

    Beautiful 😍😍😍😍.

    • @fidelcatsro6948
      @fidelcatsro6948 ปีที่แล้ว +3

      naaaah with that kinda money i can buy a castle in a 3rd world country with my own militia to guard it with 10guard dogs and 3cows and 15hectares of farmland and 20cats in my backyard

  • @papishome3394
    @papishome3394 ปีที่แล้ว +1

    in kuala lumpur you only need $2mil to get a big ass bungalow at a super prime location

  • @MsOceanstar
    @MsOceanstar 11 หลายเดือนก่อน

    It looks like there is a royal privileged real estate owner class in Singapore that managed to have gotten away with government land grant!
    How did that even get started?

  • @alexanderzhukov3773
    @alexanderzhukov3773 11 หลายเดือนก่อน +3

    Those homes look so basic and dated compared to Australian properties. Those prices are insane

  • @laramaaike3050
    @laramaaike3050 ปีที่แล้ว +11

    Even if I would be rich, no way I want to buy a house (sorry...bungalow) when I can see in my neighbours bedroom and almost shake hands.

    • @wielyrucs5366
      @wielyrucs5366 ปีที่แล้ว +6

      Why wouldn't you if the value of your home nearly doubles in 2-5 years? If you don't want to live there, just buy the house and rent it out. Few investments are as certain to yield massive profits as Singapore real estate.

    • @NurmaBP
      @NurmaBP ปีที่แล้ว

      @@wielyrucs5366 So it just for investment and prestige then, not really for a home

    • @wielyrucs5366
      @wielyrucs5366 ปีที่แล้ว +1

      @@NurmaBP It is both a nice house and a good investment. Choose for yourself if you want to keep it as purely an investment or one that you are gonna stay in while waiting for its value to rise. But passing the opportunity to purchase this when you got the money is foolish. Unless you have something else to invest in; that has a even higher growth rate and is just as certain to yield profits.

    • @cass8446
      @cass8446 ปีที่แล้ว

      @@NurmaBP I mean if you think about it, nobody in SG really has a home they can live in for long. HDBs are only theirs for 90 years and the rich treat theirs as an investment. Very rarely is there anyone really planning to stay in a property for generations

  • @louisazraels7072
    @louisazraels7072 ปีที่แล้ว +36

    thankfully it doesn't impact the ordinary citizens as the government owns 90% of the land and have a awesome public housing scheme (not like HK, where the government owns the land but relies on it as its main cash cow, leasing it for impossible prices), it's probably the only wealthy city in the world where ordinary people can easily afford housing.
    It's the way to go really, give the insanely rich their little playground so that they don't throw a tantrum, give them tax incentives so that they do business on the island but heavily tax the luxuries they enjoy (like cars), meanwhile limit the impact on the general population.
    Singapore HDB is literal genius, there are other things I'm not a big fan of when it comes to SG governement but this is undeniable

    • @e8943
      @e8943 ปีที่แล้ว +2

      HDB is a good concept and has shown to be one of the best things the gov has done but they really need to get a hold of rising costs. Soon, we will enter territory where all HDBs will cost at least 1 mil and clearly, demolishing loved malls and soon, Turf City, is not the solution as costs keep rising

    • @louisazraels7072
      @louisazraels7072 ปีที่แล้ว +2

      The only way to alleviate that would be to build more.
      Either land reclamation or more high rises.
      Honestly, 1M SGD woukd still be very reasonable for a 5 rooms appartment in a major world city, it would still be under 10X median household income!!! Compare that to Paris where a similar appartment would cost litteraly 50X median household income (meaning only the wealthy and high income households can buy appartmentd in Paris)

    • @e8943
      @e8943 ปีที่แล้ว

      @@louisazraels7072 Not saying that we need to be a cheap city to live in or anything. I agree that naturally, due to population and land size, housing costs will be high, but 1 mil is actually not a manageable sum for quite a decent chunk of our population, especially since the purpose of HDB was to provide affordable housing for all! Building more has not proven to lower housing costs, they are building more and more HDB blocks everywhere but the cost is still going up

    • @louisazraels7072
      @louisazraels7072 ปีที่แล้ว +1

      @@e8943 well 1M would only be for 5 rooms flat, and we're still a long way away from that anyways.
      Building more HDB and faster is the main way to keep prices low, the faster and the more are delivered at discounted prices the better itll keep the resale prices from rising.

    • @e8943
      @e8943 ปีที่แล้ว +2

      @@louisazraels7072 Building more HDBs is not the solution. The new HDB flats are being made for “new” residents, not for the benefit of existing Singaporeans. If they really wanted to help Singaporeans, the solution is reducing the ceiling, back to the original, for buying flats and preventing people from owning more property than 1 HDB if they buy one. The rich who have enough money to buy more than 1 apartment/landed and own a Mercedes, should not be allowed to buy a HDB flat. That is how we make HDBs affordable for ALL. Property prices are rising faster than you believe and really needs to be acted on quicker with a different approach from building and building. Singapore cannot be compared to other cities like NY as NY is a city in a big country with many states. It is much easier for people who cannot afford to live in NY, to leave the city and move to other states and cities that are more affordable. On the other hand, in Singapore, if one cannot afford to buy housing here, it is much harder to move from one country to another just to get housing. Whilst I’m not saying that Singapore needs to be a cheap city (as I understand the reasons for a much higher than average cost of living), just across the border, just looking at rent, let alone property for sale, for S$3500, one can rent a 4200sqft semi-d whilst in SG, there are the biggest property you can rent is a 1500sqft HDB (which is already hard to find). A large gap is understandable given many factors but this is too wide of a gap

  • @muhammadyunan2811
    @muhammadyunan2811 ปีที่แล้ว +4

    Just make home in neighbouring country. Such as Indonesia in Batam or Malaysia in Johor

    • @abdrazak8310
      @abdrazak8310 ปีที่แล้ว

      N follow with the rule .not just build a house

  • @TheCabbagepatchgirl
    @TheCabbagepatchgirl 7 หลายเดือนก่อน

    watching from my old hdb room with peeling paint

  • @GKP999
    @GKP999 11 หลายเดือนก่อน +1

    So it is great that the Singapore government is attracting a lot of rich people to the country. I would like to knkw how that benefits the poor and working class Singaporeans.

  • @shxns
    @shxns 2 หลายเดือนก่อน +1

    never clicked this fast in my life 😂😂

  • @huiyingtanyayap
    @huiyingtanyayap ปีที่แล้ว +25

    Am I the only one don’t fancy material stuff? All I want a tiny house with my love one .

    • @bodmin1598
      @bodmin1598 ปีที่แล้ว +2

      Me too, I love my simple home.

    • @danielang9056
      @danielang9056 ปีที่แล้ว +1

      Agreed

    • @higgs8955
      @higgs8955 ปีที่แล้ว +3

      This is damn expensive😮Come to Uganda with some few dollars and get yourself a large piece of land where you can build a house and grow your food.

  • @bakerkawesa
    @bakerkawesa ปีที่แล้ว +1

    Alright. I better pick up some extra shifts.

  • @Philmoscowitz
    @Philmoscowitz 11 หลายเดือนก่อน +5

    I love Singaporeans' sense of humor.

    • @virtue1993
      @virtue1993 3 หลายเดือนก่อน

      "crazy asian, no rich" 😂😂😂

  • @silentstormstudio4782
    @silentstormstudio4782 ปีที่แล้ว +1

    Thnx for showing me , where i stand .

  • @p_louis
    @p_louis ปีที่แล้ว

    Chandelier above the bath tub is perfect for Agent 47.

  • @kathydavies4589
    @kathydavies4589 3 หลายเดือนก่อน

    Most foreigners like rich Indonesian chinese from China n american n Australian are buying properties there that boost the prices up naturally average singaporean couldnt afford it..its happening here in Australia too..

  • @astr0nox
    @astr0nox ปีที่แล้ว

    9:18 no, his wife is Singaporean and the property is held under her name.

  • @udz5480
    @udz5480 21 วันที่ผ่านมา

    why does the house in 8.58 have lanterns all over inside the house? I saw Chinese movies and they are always outside.

  • @Superfastjellyfish669
    @Superfastjellyfish669 ปีที่แล้ว +41

    Beautiful homes but they are way too small to be so expensive

    • @vinegarman4205
      @vinegarman4205 ปีที่แล้ว +18

      Land scarcity🤯

    • @lunchplus
      @lunchplus ปีที่แล้ว +3

      right, for that amount you could have built a mall in my country

    • @PEZ1514
      @PEZ1514 9 หลายเดือนก่อน

      Location location location

  • @youngthugger8736
    @youngthugger8736 หลายเดือนก่อน +1

    where in the world are property prices falling??

  • @angelachannyc
    @angelachannyc ปีที่แล้ว

    6:13 is this Jamie Chua's old house 🤔

  • @lusestella
    @lusestella ปีที่แล้ว +1

    How easy to get a Singapore citizenship so I can buy one of those homes for me looking for high end luxury GCP ones

    • @yungtent
      @yungtent ปีที่แล้ว +1

      not easy

    • @extremepacifist8719
      @extremepacifist8719 ปีที่แล้ว

      Should be easy with the amount of wealth you have.

    • @yungtent
      @yungtent ปีที่แล้ว

      @@extremepacifist8719 i can tell you that not everyone in Singapore is like in this video. this is a tiny percentage of the population

  • @mamapapa5860
    @mamapapa5860 11 หลายเดือนก่อน

    some got 4 lane bowling alley too.

  • @sutats
    @sutats 3 หลายเดือนก่อน

    There's a massive market for tasteful interior designers for these homes. Always has been.

  • @xolerick
    @xolerick 8 หลายเดือนก่อน +1

    I am not sure what you mean by "Global housing prices are slumming". Prices in Poland and in Krakow especially are still pretty much climbing and heavy at that. So is in UK :
    Average UK house prices increased by 1.7% in the 12 months to June 2023 (provisional estimate), down from a revised 1.8% in May 2023. The average UK house price was £288,000 in June 2023, which is £5,000 higher than 12 months ago, but £5,000 below the recent peak in November 2022
    Not sure why that statement was made.

  • @clacicle
    @clacicle ปีที่แล้ว +15

    Good example of just because you’re rich, doesn’t mean you have good taste.

  • @melissagrice
    @melissagrice หลายเดือนก่อน +89

    If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to build generational wealth and cultivate financial knowledge, you must be in the market......

    • @MarthaDeTa358
      @MarthaDeTa358 หลายเดือนก่อน

      I agree with you and I believe that Professionals are currently dominating the market since they have access to both the necessary strategy for making money in this industry.

    • @Florencecoxx
      @Florencecoxx หลายเดือนก่อน

      That's awesome to hear. I invested 5k in Robin hood about a year ago and it steadily went down, now my portfolio is down to $800. I don't know what to do and i am in between jobs..

    • @melissagrice
      @melissagrice หลายเดือนก่อน

      @@Florencecoxx Understanding your financial needs and making effective decisions is very essential. If I could advise you, you should seek the help of a financial advisor. For the record, working with one has been the best for my finances.

    • @Florencecoxx
      @Florencecoxx หลายเดือนก่อน

      I’m Glad i stumbled on this. Please, if its not too much of a hassle for you, can you drop the details of the expertise that assisted you and how to get in touch with him.?

    • @melissagrice
      @melissagrice หลายเดือนก่อน

      @@Florencecoxx I get guidance from *Mr Gary Mason Brooks* . Most likely, the internet should have his basic info..

  • @richardhavilah7176
    @richardhavilah7176 ปีที่แล้ว +1

    One of the best investments are property…

  • @capella-chan6425
    @capella-chan6425 ปีที่แล้ว +7

    It's not even that big WTF. You'll get half of Paris for 170M and a quarter of Dubai.

    • @rayt2324
      @rayt2324 ปีที่แล้ว +12

      land scarce... I'm sure people wish they wouldn't even have to pay this much for that. if you compare it to the mansions in US, for the price you're paying this is pathetic. and the fact that it can only go up to two stories (less basement and carpark) means you won't see any atop a beautiful hill or some shit like that

    • @BM-zd3vs
      @BM-zd3vs ปีที่แล้ว

      Not everyone wants to move to that parts of the world. Asians want to stay close to home where their favourite food and culture is, especially when they get older.
      Whenever I visit my relatives, they will always ask when are you moving back here? I m like, well..I am settling in the west. They're like, yeah but it is not home! 😂

    • @capella-chan6425
      @capella-chan6425 ปีที่แล้ว

      @@BM-zd3vs I get you, I'm leaving the West this year to get a little closer to home (Arab World). But really, they could get a skyscraper in Bangkok for 170M $ or a massive penthouse in Hong-Kong.

  • @stephanieong4377
    @stephanieong4377 ปีที่แล้ว +1

    The only GCB that I can afford is the one in McDonalds (Grilled Chicken Burger)

  • @Asher89leo
    @Asher89leo 11 หลายเดือนก่อน +4

    This is so true. The younger Singaporean should be afraid of higher price of these houses. Because it is the reflection of housing or houses property market right now. The younger Singaporean might not be able to rent a home in the future.

    • @gappergob6169
      @gappergob6169 4 หลายเดือนก่อน

      Regular Singaporean live in apartment. Good way to ensure regular people have place to live.

  • @jorgotrushi3321
    @jorgotrushi3321 ปีที่แล้ว +10

    * sees Aventador "wow look at the Ferrari"

    • @logicalcomments350
      @logicalcomments350 ปีที่แล้ว +3

      It's a reventon

    • @Frizzante16
      @Frizzante16 ปีที่แล้ว +1

      Actually that house is full of Ferraris and there is only 1 Lambo that I know of which is that in the video. So it is possible she eas talking about the Ferraris behind it that the camera did not catch

  • @pjacobsen1000
    @pjacobsen1000 ปีที่แล้ว +5

    Considering how expensive they are, a lot of the houses in the video look kind of gaudy and tacky. 土豪, as they say in China.

  • @loretagurakuqi6950
    @loretagurakuqi6950 ปีที่แล้ว +165

    Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol

    • @loretagurakuqi6950
      @loretagurakuqi6950 ปีที่แล้ว +1

      @Jay Béland Not at all, having monitored my portfolio performance which has made a jaw dropping $473k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market. I must say it's the boldest decision I've taken since recently.

    • @loretagurakuqi6950
      @loretagurakuqi6950 ปีที่แล้ว

      The adviser I'm in touch with is 'PATRICIA V VESELY, She works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.

    • @StanleyHudson1
      @StanleyHudson1 ปีที่แล้ว

      Thank you, I copied and pasted her name on web browser and sent a email waiting for reply.

    • @sameeramadushanka5357
      @sameeramadushanka5357 ปีที่แล้ว

      @@StanleyHudson1 Wow, I'm sure this is totally not a scam.

    • @joseignaciobaluk3741
      @joseignaciobaluk3741 ปีที่แล้ว +9

      Lmao these bots are getting more complex every time

  • @tayspiderx
    @tayspiderx ปีที่แล้ว +1

    0:02 Its good class bungalows not good cost bungalows lol

  • @calsvlogs430
    @calsvlogs430 ปีที่แล้ว +17

    Singaporean here. 🙋🏻‍♂️

    • @fidelcatsro6948
      @fidelcatsro6948 ปีที่แล้ว +2

      hdb peasants we are..😆

    • @nasi364
      @nasi364 ปีที่แล้ว

      @@fidelcatsro6948 Condo Peasant here

    • @fidelcatsro6948
      @fidelcatsro6948 ปีที่แล้ว

      @@nasi364 😆😆😆

    • @orchid6699
      @orchid6699 ปีที่แล้ว +1

      @@fidelcatsro6948 Terrace House peasant here

    • @fidelcatsro6948
      @fidelcatsro6948 ปีที่แล้ว

      @@orchid6699 naaah you not qualified as peasant status...now go back to your office and do the desk work..

  • @Beauty_SWEET
    @Beauty_SWEET ปีที่แล้ว

    Impressive

  • @Joharilok
    @Joharilok ปีที่แล้ว

    I wonder how Su Ling feels being subtitled in the video 🤣

  • @JLDREAMS
    @JLDREAMS 11 หลายเดือนก่อน +1

    the prices of these homes dont matter as much to the average singaporean as compared to when government housing costs more than a million dollars (which is happening)...

    • @kenyoung6666
      @kenyoung6666 11 หลายเดือนก่อน

      That’s why I don’t mind the government letting really rich foreigners who buy GCB’s becoming PR and/or citizens.
      I’m opposed to the government letting in foreigners who are only able to afford small condos or hdb’s when they become PR and/or citizens because these are the people who snatch jobs that Singaporeans can and are willing to do AND drive up prices of property prices meant to be affordable housing.
      Singaporeans need to differentiate the foreigners that will benefit the country vs foreigners who are thieves to true blue Singaporeans.

  • @dramanda7296
    @dramanda7296 11 หลายเดือนก่อน +1

    wow, the 'helpers'' room next to the kitchen is so shabby and sad

  • @ycho7815
    @ycho7815 ปีที่แล้ว

    Why would anyone use white lights in a GCB?

  • @ronzac55
    @ronzac55 ปีที่แล้ว

    that is so expensive. i live in a 3000m2 land and my bedroom is 60m2 with ensuite bathroom, and the price is like 0% of that hundreds millions of dollars GCB XD.

  • @gersonleon7969
    @gersonleon7969 ปีที่แล้ว +4

    I prefer Eleanor Young's humble abode on "Crazy Rich Asians."

    • @kktong83
      @kktong83 ปีที่แล้ว

      That’s in Malaysia

  • @kuanganhauw5695
    @kuanganhauw5695 7 หลายเดือนก่อน

    Most of those houses are not first house of the owners. So, they are investments.

  • @pray01121976
    @pray01121976 ปีที่แล้ว +2

    I wonder if the "helpers" come with the house?

    • @GETNGO
      @GETNGO ปีที่แล้ว +4

      No, you buy the helpers for $170m and the house comes with it

    • @pray01121976
      @pray01121976 ปีที่แล้ว

      @@GETNGO You saw what I saw right? Those were slave quarters.

    • @randomshitpost8477
      @randomshitpost8477 ปีที่แล้ว

      @@GETNGO Lmao

    • @fidelcatsro6948
      @fidelcatsro6948 ปีที่แล้ว

      nope you need a lot of money for that too

    • @jameslim3850
      @jameslim3850 ปีที่แล้ว

      This is why more and more Singaporeans can only continue remain delusional while dreaming and struggle just to smell such houses or lifestyle. In the end, all they could afford is a small pigeon flat, take public transport and work very hard for whole lifetime to pay so much just for a basic need and living.

  • @andyskw8932
    @andyskw8932 2 หลายเดือนก่อน

    Most private properties are also now 99 years leasehold so it can't be passed down to generations like the government housing flats.

    • @pinolillo1666
      @pinolillo1666 17 วันที่ผ่านมา

      Those are private land not government land

  • @Larry21924
    @Larry21924 4 หลายเดือนก่อน

    The wisdom in this content initiated a major shift in my thinking. A similar book I read was a key influence in my life. "The Hidden Empire: Inside the Private Worlds of Elite CEOs" by Adam Skylight

    • @Daniel_RG
      @Daniel_RG 4 หลายเดือนก่อน

      Wisdom?

    • @Larry21924
      @Larry21924 4 หลายเดือนก่อน

      Yes, wisdom is everywhere@@Daniel_RG

  • @dewaard3301
    @dewaard3301 หลายเดือนก่อน

    What's the point of a huge house like that if you have neighbors on all sides within earshot?

  • @benkin8669
    @benkin8669 ปีที่แล้ว +65

    No worries.. U guys can get super cheap GCB in Malaysia🤣 Its called: GCB burger🍔 (available in McD outlets whole Malaysia)😂
    It only cost RM13.49 (about SGD4)😍

    • @Aeybiseediy
      @Aeybiseediy ปีที่แล้ว +1

      Expensive

    • @abdrazak8310
      @abdrazak8310 ปีที่แล้ว

      Nothing to do with malaysia...just let it be

  • @LasdilElizaga
    @LasdilElizaga ปีที่แล้ว +2

    i would say those houses are overpriced, doesn't even look that fancy. the land price only made it that expensive. you can see same houses in nearby SEA countries at lesser price.

    • @jen5138
      @jen5138 ปีที่แล้ว +1

      value is more than just home size taken into consideration

  • @NakaNakaDerkaDerka
    @NakaNakaDerkaDerka 11 หลายเดือนก่อน +1

    Wow typical local not know8ng how inappropriate her choice of words are. I’m very familiar with the house with all the cars, live over the road.

  • @jovrien
    @jovrien ปีที่แล้ว +2

    * me trying to spot Jamie Chua’s previous home *

  • @billc6762
    @billc6762 ปีที่แล้ว +18

    My friend owns one of them. Her house used to be THE most expensive house in Singapore.

    • @qinshihuang6789
      @qinshihuang6789 ปีที่แล้ว +33

      🧢

    • @codeman8113
      @codeman8113 ปีที่แล้ว +8

      🎩

    • @qinshihuang6789
      @qinshihuang6789 ปีที่แล้ว +2

      👑

    • @jagathishmohan1823
      @jagathishmohan1823 ปีที่แล้ว

      Can I get her number please :////

    • @hahaha2717
      @hahaha2717 ปีที่แล้ว +1

      Why all Singaporeans always call cap on stuff?
      Just cos you guys are weak and incapable and can't achieve anything doesn't mean others can't 😅