Who said there isn’t bargain deals out there? Are you starting to look for good deals that are below market rates?

$15.8m loss in Tanglin penthouse sale ‘small change’

http://www.srx.com.sg/singapore-property-news/6282/-158m-loss-in-tanglin-penthouse-sale-small-changefThe Japanese billionaire who suffered a record $15.8 million loss when he offloaded a penthouse in Tanglin Road is not one to shy away from making aggressive bets in real estate. Mr Katsumi Tada, 69, president of Daisho Group, is known for paying top dollar to land prized assets that seem to promise future earnings. Mr Tada set another record in 2007 when he paid a whopping $28 million – or $4,654 per sq ft (psf) – for a plush 6,017 sq ft penthouse at St Regis Residences in Tanglin Road. Read more…

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