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Vancouver Housing: The View From Singapore

Vancouver housing: The view from Singapore

Paul Robinson was visiting Singapore for business in mid-January and decided to drop by a sales and marketing “road show” for the opulent new condo tower, the Butterfly, to be built in downtown Vancouver.

The Butterfly is one of the last designs by Vancouver’s legendary architect Bing Thom, who died last year. When the 57-storey skyscraper is completed by 2022, it will be one of Vancouver’s iconic structures, centrally located at 969 Burrard St., with the city’s best views. It will also be one of the city’s most expensive. To live in one of the units on the upper floors of the beautiful building will cost a buyer millions of dollars.

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Mr. Robinson, a 36-year-old engineer from Ohio, has been renting an apartment in the West End for eight years with his fiancée. He can’t afford to buy in Vancouver and even if he could, he doesn’t trust the market. He wanted to see first-hand what it’s like to be a foreign buyer purchasing a Vancouver condo. He had to be in Singapore anyway, so he set up an appointment and went to the sales presentation at the Four Seasons Hotel there, which was entirely devoted to sales of the Butterfly.

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