SHE is a Millionaire at age 26, on Just one deal.

[yuiyoshida]

A property agent who went into real estate against the wishes of her family has become an overnight millionaire after selling a penthouse at the Le Nouvel Ardmore for a record $51 million last month.

The deal would have reaped PropNex agent Shirley Seng a commission of about $1.5 million.

Ms Seng, 26, was reluctant to disclose details of the sale at the 43-unit freehold condo but confirmed that the transaction was completed last month after negotiations started in March.

The huge sale price - it is believed to be a record for a local penthouse - was paid by Mr Sun Tongyu, the co-founder of e-commerce giant Alibaba. Mr Sun is a Singapore permanent resident.

http://business.asiaone.com/property/news/millionaire-26-just-one-deal

[closeupready]

1. Buyer could have held out for a lower commission.

[Orrex]

2. This proves that white male privilege is an illusion

[font color=white]As a rule, I do not use the SARCASM smiley.[/font]

[yuiyoshida]

4. Took place

in Singapore.

[Orrex]

5. I know--Singapore endlessly exploits the unfortunate white male.

[NuclearDem]

6. Non-white woman made money

CHECKMATE FEMINAZIS

[aikoaiko]

3. I suspect this was accomplished through family connections.

One doesn't like $51 million condos with novices and and multi-billionaire entrepreneurs don't work with novice agents.

I could be wrong, of course. Perhaps she made a great pitch to the buyer. Sometimes people really do hit a home run on their first at bat.

[yuiyoshida]

8. Here...

"She said she penetrated the network of wealthy people by helping to rent out their apartments, especially those in Marina Bay and the Orchard area. Mr Sun was a referral from a client she had previously served at Marina Bay Residences.

"I only knew that he is someone of high net worth. And like any high-net-worth clients, they usually know what they want. And I am there to help to execute their plans," said Ms Seng."

[aikoaiko]

11. I should have scrolled further down past the advertisements.

Good for her. Its still fairly unusual for novices to be in the multi-million condo business, but networking, either through friends/family or shear hard work, is what it takes.

[onehandle]

7. My mother was a real estate agent.

One time decades ago she sold a house to a professional football player, that pretty much most Americans over a certain age has heard of.

She took the family on a month long vacation in Florida. One commission can make an agent's quarter.

On the other hand, there were years when she barely broke even.

Selling real estate is a risk.

[BKH70041]

9. Reminds me of a Steve Martin routine.

"...Or if I sellout a 3,000 seat area at $10,000 a ticket, that's $30,000,000. And that's what I'm shootin' for. One show -- Goodbye!!"

[yuiyoshida]

10. I just love here big smile...

Makes me giggle.