Not the Portland waterfront, as has been obvious for months, but the Singapore waterfront, or nearby, at a place called Nassim Park Residences near the Botanic Gardens. The Singapore Business Times (registration required) reports in its weekend edition that three members of a wealthy family named Wee have purchased units in the project, the least costly of which was $10,598,000 S$, or about US$7,800,000. Wee Ee Cheong, chief executive officer of United Overseas Bank and son of the family patriarch, paid S$18,333,000 (US$13,800,000) for his little place of 6,867 square feet, and the son of one of the other directors bought a 4,574 square foot ground floor unit for the equivalent of US$8,500,000. (Even at that low price, the unit has its own pool, not shared with the other residents.)
If you've bought a house or condominium unit in Portland in the last 10 years you will have noticed that the real estate agents are careful not to say anything about the square footage. If they quote a number at all it comes with disclaimers: "not guaranteed," "according to county records," and "if it's important to you, measure the place yourself." So our local measurements of house areas aren't intended to be precise.
Not so in Singapore: the newspaper reports the size of the Wee condominiums down to the second decimal. Wee Ee Cheong's unit, for example, is not just 6,867 square feet, but 6,867.37 square feet. He's paying US$2,000 for each of those square feet, of course, so an extra 1/100 of a square foot is still US$20. At those prices I wouldn't dare to set foot on the floor -- each shoe would take up $800 of prime real estate.
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