By Mr. Propwise

Here’s the story of a property investor who missed a once-in-a-decade opportunity. The date is early March, 2009. Post the onslaught of the Global Financial Crisis property prices had corrected sharply and everywhere he looked there were bargains to be had. At many projects prices were down 30+% from the early 2008 highs.

To Buy or Not to Buy?

He found a large unit in a prime area with a desperate seller, asking for $1,600+ PSF, 15% below what he had paid for it. He had done his homework, liked the up-and-coming area, and thought the pricing was attractive, but was uncertain whether to pull the trigger.

Everyone he talked to, every newspaper or website he read, was still all doom and gloom. “Gurus” were talking constantly about how this next Great Depression would last for years, about the likelihood of a Double Dip in the face ...