Singapore Home's Record Price: $242M
Dwarfs top US listing for $135M
By Matt Cantor, Newser User
Posted Apr 11, 2013 9:11 AM CDT
The pricey bungalow.   (JonesLangLaSalle.com.sg)

(Newser) – A 85,000-square-foot property in downtown Singapore has hit the market for a record price of $242 million, Bloomberg reports. It includes a two-story home, a tennis court, and a pool, the marketing agent says—though sellers are betting developers may want to divide up the property, which is in a prime shopping location near Singapore's Botanic Gardens. Why it's remarkable: The price trounces anything for sale stateside.

The most expensive property for sale in the US—a Dallas home owned by ex-Texas Rangers owner Tom Hicks—is listed at $135 million, per Time. The Singapore listing "is beyond economics. It’s mind boggling and probably one of the highest in the world," says an analyst. "It’s no small change even for the ultra high net worth. It could be an Indian tycoon or a Russian oligarch that might bid for it."

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Showing 3 of 10 comments
in.disbelief
Apr 11, 2013 1:50 PM CDT
Who needs anything like that? I've got healthy kids & a good wife. What more could I ask for?
Twiny
Apr 11, 2013 11:52 AM CDT
The reason for it's high price? Location, location, location. It's in downtown Singapore. It ain't the house that's so expensive, it's the land.
WhateverYouSay
Apr 11, 2013 10:26 AM CDT
The cue to the story... it's downtown location. Singapore has almost no buildable land, being so densely populated and developed. It's not the house... it's the land its on that ups the value.