Many Singaporeans earned their first 'pot of gold' from property investments, specifically HDB flats and private condominiums. An entire generation of Singaporean 'Baby Boomers' was lifted into middle-class status during the 1980s to 1990s as they entered the workforce and used their CPF savings to purchase government-subsidised flats. Suffice to say, the public housing eco-system has been a bedrock of Singapore's economy in recent decades. 



Climbing the property ladder has been a well-trodden path to building wealth in Singapore. A tried-and-tested method. That's how our grandparents and parents did it and it has worked out pretty well so far. The appetite for properties has been ingrained into our psyche for generations. We like the physicality of real estate - owning something tangible. In the Singapore market, real estate is a reliable store of wealth and has the potential for long-term capital appreciation.

Being a Singaporean myself, it seems unorthodox...