Value Investor?

[yeokiwi]

Economists like to say everything being equal, i think they will choose property for rental income over dividend income from equity.

Why is that so?
Dividend income is more predictable that rental income.
Rental income is highly affected by government policies, rental demands and relatively inflexible supply of residential units.
If Singapore government decides to hold the price of the current new HDB flats for the next ten years, the price of private residential properties will not go any much higher. Same with the rental income.

The plan of owning one residential unit and having another unit to rent out for passive income is a Singaporean's dream. But, this dream cannot come true for every singaporean.
Unless we plan to have an equivalent size of foreign labour population in Singapore.