atans1

Katong property more valuable than Hawaiian island

In Property, Uncategorized on 21/06/2012 at 7:17 pm

So the the Katong home of the late Liem Sioe Liong, one of Indonesia’s richest men, is valued at approximately S$100 million, according to a report in Indonesia’s TEMPO Interactive. The property is 86,000 sq ft.

It was reported yesterday that the billionaire boss of technology giant Oracle is to buy 98% of the Hawaiian island of Lanai. Larry Ellison’s successful bid is unknown, but the asking price for the 141 sq mile (365 sq km) was said to be between US$500m and $600m http://www.bbc.co.uk/news/world-us-canada-18529739.

Reminded me that in the late 1980s, the grounds of the Imperial Palace in downtown Tokyo was said to be worth all the land in California. Australia sold part of the land its embassy was on and paid off half of its foreign debt.

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