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PR Newswire
17-06-2011, 11:46 PM
1. Timing is the #1 factor in buying a property in a small city like Singapore where development is more or less even; the market is sufficiently transparent that it's going to be pretty rare to find an under-appreciated jewel. If you look at the residential price index over the last 10 years, the difference between buying Central & Non-Central properties is less than 2% (over 10 years) despite the worsening traffic, crowded trains and growing income gap. Whereas if one bought property in one year rather than the next the difference in returns is going to be much larger than 0.2%.
The mantra location, location, location is quite important in a big country like the US where different regions & neighbourhoods have vastly different economic characteristics & development and local governments.
2. The (young) people to laud are not those who invest in property or in stocks or in passive financial assets; the people to laud are the people of any age who start new businesses (whether themselves or maybe as part of a larger organization), design new fantastic products - these are people who create jobs and value for everyone else. Financial investments are a zero-sum game - if you're beating the index it's because someone is trailing it.
3. Reading the article closely (looking at when she bought her UOB shares and transferred from shares to properties), and assuming everything she said is true, she probably bought the property either last year or this year. Time will tell if it's a good investment.
The mantra location, location, location is quite important in a big country like the US where different regions & neighbourhoods have vastly different economic characteristics & development and local governments.
2. The (young) people to laud are not those who invest in property or in stocks or in passive financial assets; the people to laud are the people of any age who start new businesses (whether themselves or maybe as part of a larger organization), design new fantastic products - these are people who create jobs and value for everyone else. Financial investments are a zero-sum game - if you're beating the index it's because someone is trailing it.
3. Reading the article closely (looking at when she bought her UOB shares and transferred from shares to properties), and assuming everything she said is true, she probably bought the property either last year or this year. Time will tell if it's a good investment.