Posts: 95
   
Threads: 0
    
Likes Received: 6 in 5 posts
Likes Given: 0
(06-11-2021, 01:50 PM)sgbuffett Wrote: Property is good investment in Singapore until it starts to drop.
I wonder if it will drop in our lifetime? SG keeps drawing in wealthy foreigners. Maybe better to have at least one freehold investment property?
One observation, since COVID started, landed property prices had gone up quite a bit, maybe due to work from home people need more space?
Posts: 5,453
   
Threads: 34
    
Likes Received: 1,949 in 1,489 posts
Likes Given: 373
(06-11-2021, 11:11 AM)RichDad Wrote: Rent for short term. Buy for long term
Japan closed economy and did not allow much migration hence buying was challenging with ageing population.
Now you know why sg must stay open and go wider?
Posts: 5,389
   
Threads: 114
    
Likes Received: 1,934 in 1,527 posts
Likes Given: 51
(06-11-2021, 05:05 PM)Sticw Wrote: Japan closed economy and did not allow much migration hence buying was challenging with ageing population.
Now you know why sg must stay open and go wider?
Open legs good meh?
Now instead of $500 HDB flats u get $m flats which majority cant afford is better?
Not to mention now we r the most rojak country in the world!
Posts: 5,453
   
Threads: 34
    
Likes Received: 1,949 in 1,489 posts
Likes Given: 373
(06-11-2021, 05:29 PM)Notdumb Wrote: Open legs good meh?
Now instead of $500 HDB flats u get $m flats which majority cant afford is better?
Not to mention now we r the most rojak country in the world!
How to meet aspirations of the people in terms of wealth growth if the island kept close to itself?
Not many countries and economies can go on the innovation track and still do well. German and Japan did that but over time it seems economies of scale and low cost competition still wins in the short run... Govt are short term focused.
Posts: 1,346
   
Threads: 262
    
Likes Received: 386 in 262 posts
Likes Given: 430
(06-11-2021, 10:28 AM)sgbuffett Wrote: Starts at 12 noon.
Many Japanese did not understand the case for renting until they were hit by inverted pyramid demographics and property saw declining demand in Japan.
For the last 30yrs Japanese prefer to rent instead of buy property.
Many still don't be understand the disadvantage of buying property until they are burnt...only then will they understand the case for renting.
applicable to SG context?
Posts: 8,366
   
Threads: 652
    
Likes Received: 1,711 in 1,532 posts
Likes Given: 93
(06-11-2021, 07:14 PM)happyharvest Wrote: applicable to SG context?
If someone with a regular income and not rich go rent and never buy a HDB last time, now what happen to this guy?