By Getty Goh
Some time back, I was invited to participate in a panel discussion at the SMART Property Exhibition in March 2010. There was a fellow panellist who was very experienced in overseas investments and had quite a number of property investments abroad. Back then, I was of the view that overseas properties were not as attractive asSingaporeproperties. One year on, I now hold the opposite view and believe that certain overseas destinations and developments may present interesting opportunities.
Why the change in sentiment?
There are five key factors that have led to my change in thinking.
Factor 1: High Property Prices in Singapore
Presently, property prices in Singapore are at an all time high. Based on Figure 1, the URA Private Property Price Index (PPPI) for 2011Q2 is at 203. This exceeded the last peak of 181.4 set in 1996Q2. Based on this trend, investors who buy ...
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