I saw two interesting transactions in the Edge this weekend. Both properties are at the Sail @ Marina Bay. I have mentioned previously (in some blog posts long long time ago) that I tried to find one at $1,300-$1,400 psf during the GFC but wasn't successful. One made a gain of $1.736m. The owner bought it for $1,016 psf in Dec 2004. He sold it for $1,893 psf in Apr 2020. The other made a loss of $1.746m on a smaller unit. He bought it for $3,001 in Oct 2007 (right before the global financial crisis) and sold it in Apr 2020 for $1,781 psf. This is a painful loss for the owner who bought it right before the crisis and at record prices. It shows that if you "chase" after the price without consideration to its fundamental value, it may haunt you eventually as the prices never recovered even after...