Singapore ranked 4th most costly city

Singapore ranked 4th most costly city
PropertyGuru.com.sg – Fri, Sep 23, 2011

Singapore has been ranked as the fourth most costly destination in Savills’ World Cities Review report, with the average value of luxury homes in the country increasing 144 percent over the past five years.

“Singapore has the highest concentration of millionaire households in the world (16 percent with US$1 million plus), and the capacity to buy residential property is obviously high,” said Savills.

Home values of the super-rich in the top 10 cities worldwide climbed 10 percent in the first six months, according to the report, higher than the average price growth of six percent for ordinary properties in similar cities and lower than the 65 percent growth in ultra-prime properties over the past five years.

“We recently identified ten world class cities whose real estate markets have more in common with each other than the mainstream markets of the counties in which they operate, and they are all attracting billionaires’ dollars, whether generated at home or overseas,” said Yolande Barnes, Director of Residential Research at Savills.

In a league of its own for super prime prices, Hong Kong led the list at £6,700 psf, ahead of Tokyo and Paris at £5,190 psf and £3,290 psf respectively. In addition, prices of ultra-prime properties in Hong Kong are more than double London’s average luxury property prices and over 10 times that in Sydney, which has been ranked the cheapest location for billionaires.

“At the foot of the table, Sydney still offers great value and is extremely well located to take advantage of Asian wealth if and when its policies restricting international buying are relaxed,” said Savills, adding that the average price of Sydney’s ultra-high-value homes stood at £590 psf.

Since 2005, the price growth of ultra-high-value homes has been the highest in the emerging “new world” economies of Singapore at +144 percent, followed by Mumbai at +138 percent, Moscow at +110 percent and Hong Kong at +83 percent. This pattern reflects the geography of the new wealth generation, as well as the creation of new billionaires over that period.

Space RockerZ Feat. Tania Zygar – Puzzle Piece (Daniel Heatcliff's Farewell Remix)

Yeah I tend to disagree
on your flawed philosophy
Just like a puzzle piece
I can’t get you out of me
Can’t get you of me
I’ve watched you disappear
on the nights you hide in fear
it’s just like a puzzle piece
You can’t be a part of me
You can’t be a part of me
I can’t get you out of me
I can’t get you out of me
Without this,
Without you,
I don’t feel anything at all
Without you,
I can’t feel, without you, I can’t feel
anything at all
anything at all
I don’t know where your love is,
but I know that it’s there.
I don’t what it all means
but I know it’s better
I know it’s better
I know you better
I can’t get you out of me
I can’t get you out of me

Planet Perfecto

Planet Perfecto were a dance supergroup, formed in 1997 by Paul Oakenfold, Ian Masterson and Jake Williams. They were signed to Oakenfold’s record label, Perfecto Records.

Before forming Planet Perfecto, all three producers had made their names in the dance music scene under different guises. Most notably Jake Williams as JX and Masterson with Flexifinger. Paul Oakenfold was often viewed as being the main force behind “Planet Perfecto”, but this is probably because he was more of a household name; being successful as a DJ and having hits under numerous guises.

Planet Perfecto have not released any further material since 2001.

Youssou N'Dour featuring Neneh Cherry – 7 Seconds

“7 Seconds” is a song composed by Youssou N’Dour, Neneh Cherry, Cameron McVey and Jonathan Sharp. Released as a single by Youssou N’Dour and Neneh Cherry, the song was a huge international hit in 1994. It remained on the charts for nearly half a year and reached the top three in many countries, including the United Kingdom, France, Germany, Italy, Australia, Russia and Poland. The single stayed at #1 for 16 consecutive weeks on the French Singles Chart, which was the record of the most weeks at the top at the time. The song was a track on N’Dour’s album The Guide (Wommat), released shortly after the single. In 1996 it was included on the Neneh Cherry album Man.

Quote of the Week

“What I did was to catch every wind that came along… we used all the forces that came our way to our advantage.”

~ Lee Kuan Yew, on whether he ever dreamt that Singapore would become what it is today when he first became prime minister in 1959