Last week’s Singapore property exhibition featuring New York’s 50 United Nations Plaza development (pictured) marked a significant revival in interest in the Big Apple for buyers and investors from the city-state.
For Doris Tan, Jones Lang LaSalle’s ‘Queen of Overseas Property’, the event marked the first time in 10 years that she’s sold New York property to Singaporeans; she previously sold stateside investments to local buyers between 1995 and 2003.
Tan admitted that with prices starting at US$2.5 million (S$3.12 million) for one of the exclusive 88 units, 50 United Nations Plaza would only be for investors with “very deep pockets”.
Yet despite the high price tag, the invitation-only event was well-attended and resulted in a number of Singaporeans putting pen to paper for a slice of the much-hyped and equally talked-about iconic Manhattan development.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote
this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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