Using Singaporean mindset when buying properties.
Thinking market buying behaviour is the same
Thinking tenant behaviour is the same
Thinking that product perception is the same
Comparing to SG property prices
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.
Timing went wrong in both entry & exit.
Buy into the future, few years too early
Often emotional entry, leads to emotional exits
Who is gonna rent from us?
Who will be buying this from us?
How big is the demand? TAM
Who is our competition within similar category
What's the total current and upcoming supply
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.