Property investments have long been favoured in Asian cultures, and Singapore is no different. The appeal is as much psychological as it is financial: you can stand inside a house you own, but you can’t see a stock or bond (well, not unless you bother to get the certificate). But take away this appeal, and what’s left in terms of real numbers?
The pros of property
Let’s look at the basic upsides to property:
- Over time, property prices tend to rise. In most countries (not just Singapore), property prices tend to rise over time. As a country’s population and wealth increase, the available land space tends to decrease. In particular, central areas (such as districts 9, 10, and 11 in Singapore) become overcrowded, and demand for housing starts to exceed supply. As such, the prices of properties naturally rise. This happened quickly in Singapore, due to our rapid rise …