25 July 2010

Real Estate Offers

Look, an invitation to a "VVIP Private Preview" from Jones Lang LaSalle.  I might have felt we were part of an exclusive set if the advert actually included our name or address.  Nevertheless "Bring along this mailer to enjoy your early-bird promotion."

A couple months ago I wrote about the fevered sport of real estate here in Singapore.  Loads of people want to invest in property, and even government-built flats are selling for record amounts.  Consequently, estate agents are not shy about soliciting potential buyers.  One day last week I opened the mail box to discover three flyers advertising new buying opportunities.  These do not come with names or even addresses; they are as anonymous as coupons for pizza delivery.  Sadly none offered up off-plan condominiums in Mongolia.

The Far East Organization is building Miro, and it is practically around the corner.  This advert opens to invite us to a Saturday brunch at the Miro Sales Gallery.  FEO also does not indicate they know our names.  1,250 square-foot units start at S$2.8 million (USD 2.04 million/GBP 1.33 million).

Savills hopes we will invest in a London, buy-to-let with "estimated rental yields of up to 5.5%."  Prices begin at GBP 305,000 so we should bring ourselves to their exhibition at the Hilton Singapore on Orchard Road.

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