Using Singaporean mindset when buying properties.
Buying blindly when everyone else is buying even at inflated prices, but being afraid to purchase when things are available at 50%-70% off and no one else is buying.
You wanna buy when no one is buying.
p/s : Almost everything that a local developer trying to sell in SG, is unwanted stocks. Unlike Malaysia durian.
Often overpay due to in entry and upkeeping cost due to incorrect understanding of the local market
Remember, you must make money on the buy.
We are currently the only country in Asia where one can own multiple properties with little to no capital. However, this may change in the future.
You can secure the right to purchase at today’s price and walk away if you are not making money, realizing it to be a poor investment.
Despite political instability, RM depreciation, racial and cultural issues, and other factors, Malaysian properties have generally outperformed Singapore properties in the last 30 years.
Are you aware that today you can buy properties below their replacement cost? This is made possible by a phenomenon called impairment by listed property developers.
How about owning a luxury condo with a sea view for under SGD 170 per square foot?