There's news that there is early-stage coronavirus vaccine trials. Will the pandemic end? Will stock and bonds markets continue it's surge upwards? Before we get there... Avoid buying residential investment property in Singapore As a property investor, I'm not a fan of the current Singapore residential property dynamics. Yet so many advertisements are running these days that property is the best investment and property markets will recover post coronavirus days. Firstly, as of today, ABSD (additional buyer stamp duty) is still at a crazy 12%! It is such a painful cost to pay and eliminates any profitability for the starting few years in my opinion. Secondly, even if you can avoid paying ABSD, property markets are looking oversupplied. Look at this above! A pipeline supply of close to 50,000 units? Imagine the competition for tenants and the buyers in a few years time if you're keen to invest now....