It is a currently a buyer's market in #Singapore due to the #Covid19 crisis hence property developers have to price property conservatively.

If you're #Singaporean, here's a thread on why you might want to consider a new private property 🏘️ in Singapore:

🧵👇 2/ Prior to 2013, people could easily flip #property and make tens of thousands just by buying an option to purchase.

Fast forward to 2013, various measures were introduced (#TDSR, #ABSD, #SSD)

This curbed demand lead to - /3

mas.gov.sg/news/media-rel…

This isn't an easy topic to address but I'll do my best to provide my thoughts via a simple generic🧵

#RealEstate isn't linear. It is multifactorial:

1) Country
2) Time period
3) Information asymmetry
4) Opportunity cost
5) Personality
6) Job security

etc

🧵👇

https://twitter.com/FarNiente2000/status/1395737919827156995

2/ There is no guarantee for any gains in any investment vehicle. No guarantee in #RealEstate, #bitcoin, #Equities etc

As cliche as it sounds, the only constant is: Change.

History only provides a clue.

Simply put, yields are not guaranteed.

Back to factors 1 to 6

For people that say" it's only money; It can be made back,"

Here's a thread 🧵to help you understand why it's so painful and why making back isn't so easy: 1/ You've heard the saying time = money

it sounds cliche until you realise it isn't

In the #Christian bible, numerous verses have been connected with time and money.

#Singaporeans think #realestate makes for a great investment.

Many don't realise that taking a loan on a property is a form of leveraging.

It can work for OR against you.

Time for a thread 🧵👇 2/ 2nd property max loan you can take is 45%. Other 25% (cash), 30% (CPF/cash) = 100%

On a 1M property, that's $450k

If the property appreciates by $200k to $1.2M after misc fees, you've just made your money work for you.

In a recession, the reverse is true.