Real Estate News, Reviews and Investment
Over dinner the other night some chaps at the other end of the table were discussing how clever they had been with their Singapore property investments, my end of the table was discussing the latest mall opening so I carried on nodding but turned my attention back to these savvy-investors…
“I bought my Luxury condo in 2008, bottom of the market (as it turns out) I absolutely love it and I’ve made a packet” – This is a home purchase, which doesn’t sound like he attempted much analysis whilst buying and he has only made a packet on paper, until he sells it! And so the conversation droned on… I actually ended up discussing the relative merits of one malls parking area over another with the girl to my left (N.B. I cycle everywhere and dont own a car).
Why am I writing this? Apart from improving dinner conversation… many people/companies get burnt through incorrect property investment, every time this happens the Media generate negative stories which invariably point the blame at the developer-sales team. Actually most of the time someone takes a tumble its usually due to greed and lack of understanding on the part of the buyer, the instances of underhand skulduggery as a percentage of total volume is very low. What we need is for the flow of investment money to be channeled in the right direction ensuring a constant stream of venture capital and that it is applied to construction that will enhance our future.