A mansion in the heart of Singapore’s central shopping district has just gone on the market – for the low, low price of $242 million.
The 85,000-square-foot site lies just near the city’s Botanic Gardens, next to the city state’s main shopping district, Orchard Road. Included in the price is a two-story home, swimming pool and tennis court. The house is also next door to the Russian and Japanese embassies and a few streets away from the home of the British high commissioner.
“This is beyond economics,” said Alan Cheong, a senior director of property broker Savills (Singapore) Pte, of the astronomical asking price. “It’s mind boggling and probably one of the highest in the world.”
Comparatively, the most expensive home for sale in the U.S., a Dallas mansion belonging to former Texas Rangers owner Tom Hicks, is on the market for a mere $135 million. It offers 42,500 sq. ft. of living space spread across a five-story main residence, three-story pool house and two-story guesthouse, all nestled amid 25 acres of lush landscaping. (By contrast, the Singapore property’s footprint is just under two acres.) Full story
