By: Jay
In this post, I am going to give my two cents on the Singapore property market. As with people giving their two cents, usually it is worth about one cent, esp when people try to give their two cents in some arena where another 10,000 people already gave their answers to 6 million dollar questions. So always do your own analysis and learn to be an independent thinker. I think that should be everybody's goal and that means also you shouldn't be reading the rest of this post. Hehe.
But read lah, just for entertainment lor.
So back to the Singapore property market, I belong to the bearish camp, and the following would be my rationale:
Lets start with today's $1,000 psf, a sort of low benchmark for ppty in some prime locations. But we have to start somewhere, so let's just use $1,000 psf. This means a 1,000 sqf condo will cost $1mn. In order to justify $1mn on the property, I would say that the rental yield needs to be 5%. Read more...
Eh, derek, you misquoted mw :) it’s 8%pa, not mw!
Hi LP,
Thanks for pointing it out. I have rectify the error.
Cheers!