Have you heard about the woman who bought an entire tower at Reflections?

The Strait Times today reported that an investor paid $226,472,460 for a whole tower block (i.e. Tower 1A consisting of 83 units) at Reflections at Keppel Bay in 2007.

This certain madam Lily Lai, in her 50s, was born in Taiwan but is now a Singapore citizen. She is said to be a low-profile real estate investor who is interested in long-term developments.

It is understood that she first caught sight of the development while she was returning from a trip to Batam. She decided to invest in an entire tower block because a Buddhist shifu, or master, told her that the condo, which is “backed by a mountain and faces water”, has good fengshui, said a close friend of Madam Lai. The friend, who did not want to be named, told The Straits Times: “We had just driven past a banner advertising the property and decided to take a look. After bringing shifu there, we decided that it was a good investment.”

Madam Lai’s friend said the units will be marketed and sold by Leadway Properties, which also operates from and owns an 18th floor office space at The Central Mall. According to the friend, Madam Lai spends most of her time overseas.

It must have been quite an interesting conversation between madam Lai and the marketing agent that served her, which might have sounded something like this:

Madam Lai: I want to buy Tower 1A
Agent: Excellent choice, madam. So how many bedrooms are you looking for and which floor do you like?
Madam Lai: No, Tower 1A
Agent: Yes, yes…I understand. But there are many different unit types in Tower 1A. So which type are you looking to buy? And do you want high or low floor??
Madam Lai: All of them
Agent: All of them…as in one whole floor?
Madam Lai: No… whole block.
Agent: *stunned* Er... er...

But seriously, only time will tell if madam Lai's investment is really sound, good fengshui notwithstanding. This is especially when the project is only about 70% sold since its launch in 2007…

The wife and I wish her luck and success nonetheless.

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