JK sent me a link to his latest blog post and has graciously allowed me to extract a portion of it to share with readers here. See what JK has to say:
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| Bought a condo at a sky high price? |
I have some doubts on the claim that Singapore properties are sure to make money in the long run and we should not time the market.
(AK says: This reminds me of what a friend told me that there is never a bad time to buy a home...)
I witnessed my siblings purchasing properties in Singapore when there was an economic revival. It was year 2007 (when COSCO was at S$8 a share, remember?). Then, crisis struck in year 2008...
I think timing of the market is important. I know you guys are searching for the below market value property, but how much bargain is that under such good economic environment?...
We’ll it all depends on who gave the advices. For a seller or agent, it is always the right time to buy.
If you are a smart investor, you need to time the market.