How Investing In Foreign Property Destroyed My Family Wealth

When Heartland Boy applied for a role at a real estate developer after graduation, the hiring manager asked during the interview, “you graduated with a degree in Business Management, why do you want to work in the property sector?”

Heartland Boy replied, “My experience with the real estate sector started when I was only very young, probably at 6 years old. I understand that many households in Singapore have had very good experiences with property investment. Their HDB values had doubled or tripled over the years as a result of Singapore’s economic growth. However, my father invested in foreign property and it destroyed my family wealth. This experience left an indelible mark in my childhood.”

“Tell me more about it,” said the hiring manager.

Investing In Foreign Property

It was sometime in 1994 when Heartland Boy’s father purchased 2 strata retail lots at Kemayan City Mall in the …

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