While membership at a golf club has always been seen as a status symbol, with the recent pandemic followed by widespread lockdowns, it has become even more popular among those who can't travel and are looking for other ways to relax and spend their free time. The sudden increase in demand has resulted in membership prices soaring to as high as S$370,000 for locals and S$500,000 for foreigners. The average membership price has increased by 24.6% between 2020 and 2021, the largest increase since at least the past 14 years, which begs the question: could this be a good investment?
Golf Club Membership: What to Consider
When deciding whether you should invest in a golf club membership, you should consider the utility you and your family will get from golf club membership as well as the associated costs and financial value of the membership. Consider asking the following questions:...