Often, we hear that investing in real estate is the fastest way to making the first million dollars.We saw people in queues and offering blank cheques in buying frenzies for projects such as One Devonshire some two years ago. The buyers then would have bagged nice gains and many would have sold their properties by now.
Sometimes, the building specifications of the property do not even matter for buyers. Positive sentiments just drive them to pay whatever asking price is out there.
Building specifications? Yes, for example, when I buy a condominium, I will find out how many lifts serve each block and how many units are there per floor per block. This is very important to me because if there were too few lifts, the waiting time could be unbearably long especially if we were staying on a high floor.
A HDB point block has 2 lifts serving 25 floors and 4 units per floor . This ......
