Last week several local newspapers published a report by DBS researchers that a second residential property yielded low return for the past decade given the property curbs, smaller property size, smaller families, ageing population and property price rise consistently higher that salary increment making it unsustainable. For a long time, I have a feeling somewhat that the good returns in property investments is likely to taper off as a country matures and when affordability for even the first property starts to become challenging. However, I do not have figures to support my thoughts. And, certainly do not know where the pain-point would be. The newspaper reports made reference to the DBS report seemed to resonate with my thoughts. This post was originally posted here. The writer, Brennan Pak, has been investing in the stock market for 30 years. He is the instructor for two online courses on InvestingNote – Value Investing:...