Property investment was a model to be rich and wealthy since ancient time. As it is said in the famous Jewish quote
A person should always divide his money into three: one third in land (property), one third in commerce (invest), and one third at hand (cash)
This is testified in the tiny island of Singapore, land is a scarce resource and the one who use it well amass massive wealth. It is not surprising to see that most Singapore billionaires are in the real estate business.
Half of the richest men in Singapore are in real estate businessHowever, investing in property does not equal to making money. Ask our previous generations, many lost their life savings during the Asian Financial Crisis in the 1990s. It took 14 years before they get back on their feet.
It took 14 years for Singapore’s property market to recover from...