In Singapore, real estate is an asset class that every investor simply cannot ignore. Singaporeans love property. Period.
The reasons are obvious: small island with limited land, open workforce with many expats supporting a healthy rental market, resilient economy that’s plugged into the word economy, relatively rich populace compared to our immediate neighbors, legendary stories of those who have made their fortunes in property.
Property currently makes up a substantial part, albeit a separate part, of my overall portfolio. I currently own 2 units – a public HDB flat as well as a private condo. I have kept my property debt at a very manageable level: the HDB is fully paid for, while the condo monthly instalment is very very comfortable. I always think that most people (based on anecdotal evidence), tend to put too much of their personal investable equity into their 1st house.
That’s understandable. Afterall, your first ......