Daily Briefing: Kong Hee's home relisted for $11.5m; How to buy good property deals

And here are six slides you should see from SGX's latest presentation.

From PropertyGuru: In a sign that the luxury condo market is picking up steam again, the Sentosa Cove penthouse unit of City Harvest Church founder Kong Hee was relisted last week for $11.5 million, up 15 percent from its 2015 asking price of $10 million, reported the Straits Times.

The 5,242 sq ft property, which was co-owned by Kong Hee and Indonesian tycoon Wahju Hanafi, was bought for $9.33 million in 2007.

Serving a three-and-a-half-year jail term for misappropriating $50 million in church funds, Kong described the property in 2015 as a “temporary home” for the family as they waited for it to be sold.

Read more here. 

From The Motley Fool: Out of the 754 companies listed on the stock exchange, around 272 of them are overseas companies. China takes up the bulk of the companies, at 40%, followed by Hong Kong (15%).

In comparison, SGX’s closest competitor in the region, the Hong Kong Stock Exchange, has 95% of companies from China.

Over in the UK, 81% of the companies listed on the London Stock Exchange are UK-based.

Read more here. 

From iCompareLoan via Yahoo!: Both parties want a good deal. At times, this means some compromise to arrive at a price that satisfies both parties.

As such, know what is important to you. Rank them so you know which is your top priority and what you are willing to concede.

If you offer a price that is unrealistically low, that means nothing comes out of it. If the seller is asking too much (or the seller agent is asking for too much) even before negotiation starts, then often this is a sign that the seller is not serious. You can detect these signs immediately when you check the valuation from the bank’s valuer. An asking price that is 10% more expensive than what bank’s valuer can match is a sure sign to walk away.

Read more here.