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Agent goes far by going the distance for clients

Wed, Jun 23, 2010
The Straits Times

Real estate agent Jasmine Png drives a limited sports edition Mercedes C-class, carries a Prada handbag and cuts a smart figure with her tight black suits and crisp, white shirts monogrammed with her initials.

It is an image that goes down well with her millionaire clients.

Over the past two years, Ms Png has been specialising in marketing properties in Sentosa Cove. These homes start from about $4 million for a condominium and can hit more than $30 million for a bungalow.

She collects a 2 per cent commission from each sale but declines to reveal the tidy sum she makes each year. Her clients are from countries like Singapore, Malaysia and China.

The 29-year-old business and marketing graduate from the University of South Australia started work at real estate firm OrangeTee in 2005 and said she is still learning the ways of her wealthy Chinese clients.

One thing she has found out is their aversion to revealing personal details, even in small talk.

'I once asked a couple what part of China they came from, and they replied: 'Why must we tell you?' ' she said.

Ms Png has also met Chinese nationals who do not fully appreciate the rules here and assume that money can buy everything.

She related the case of a man who showed up to make a purchase, shouting that he wanted to buy a house immediately.

When told that there was a sales process to follow, he left in a huff.

'But he came back the next day with two suitcases full of money. Often we have to explain to such people that there are rules and paperwork in Singapore and you can't just buy a house like that,' she said.

Other real estate agents note the difference in tastes between Chinese clients and those of other nationalities.

Singapore's Seaside Hideaway

Friday, 25th January 2013
U.S Edition of The Wall Street Journal

Foreigners flock to Sentosa Cove, seeking ritz and returns; parking can be a hassle

For decades, the island of Sentosa off the southern tip of Singapore wasn't much more than a tacky tourist trap or a weekend escape for bored residents. Highlights included man-made beaches, a musical fountain, miniature golf and a giant outlet of American fast-food chain A&W.

Now, the island is home to some of the most desirable real estate in the world, as billionaires look to park their money in the investment darling of Singapore.


Buyers Still Warm to Singapore's Luxury Property Market

Monday, 31th October 2011

One of Asia’s most vibrant property markets, Singapore, where luxury home prices have jumped an estimated 40 percent over the past year or so, is now coming to terms with a global slowdown.

While transaction volumes and price growth have slowed down, selective buyers, many from China and Indonesia, continue to snap up niche upmarket properties in tony areas like Sentosa Cove, a seaside enclave, and in luxury districts like Orchard Road.

Jasmine Png, a property agent who sells homes in Sentosa Cove, says while her phone isn’t exactly ringing off the hook these days, it hasn’t gone totally silent either. She was expecting a client from China, who was flying down to view a waterfront bungalow in Sentosa Cove, while another buyer from South Africa was also looking to buy a bungalow in this island resort.


Private home sales up 29% in April

Monday, 16th May 2011

Sales of private residential properties increased in April.

1,788 private homes were sold last month, according to data released by the Urban Redevelopment Authority (URA) on Monday.

That’s a 29 percent month-on-month increase from the 1,386 units sold in March.

Including Executive Condominiums (ECs), total sales would have reached an even more impressive figure of 1,901.


Private home sales expected to rise, cooling measures unlikely

Thurs, 16th January 2011
ChannelNews Asia

Sales of residential private housing in the first half this year are set to beat the second half of 2010.

But analysts said that will not prompt the government to introduce more property cooling measures in the short term.

However, they noted that the last round of cooling measures may have had an unintended effect on driving up public housing prices.

For the first five months, 6,810 private homes were sold.