Despite the disagreements here, everyone is full of admiration for Oldman. Some admire his foresight in investments, some admire his steady high income.
Has anyone realised that both "foresight" and "steady high income" are actually common attributes of the same type of person?
In contrast, we see here in this forum many people with Oldman's exact opposite attributes, who have only "hindsight" and "steady low income", constantly predicting that the property market is going to crash because of this and that crisis.
In the 1980's, Singapore experienced a very severe recession.
Singapore and the Recession of 1985
While Oldman was deliberating whether to buy his semi-d for $450k, I'm sure there were also the same type of negative people telling him that the property market was going to crash and that he could perhaps buy his semi-d for maybe $350k if he had waited another few years.
Obviously, Oldman, being a high calibre executive of a Fortune 10 oil company with guts made of steel, ignored these naysayers and went ahead with his property purchases.
Look at the piece of news below, do you see amongst the buyers an ambitious young man working in a Fortune 10 oil company?
Straits Times Dec 13, 2011
New private home sales trickling in despite cooling measures
Freehold project near Kovan 80% sold despite market-cooling moves
SingXpress Land has sold 17 of the 21 units at its Charlton Residences development near Kovan
MRT station. The buyers of the freehold houses are all Singaporeans, the firm's executive director said. -- PHOTO: SINGXPRESS LAND
SingXpress Land has sold around 80 percent of its units at Charlton Residences, a 21-unit freehold luxury development in the Kovan area, at an average price of S$2.8 million each (around S$500 psf).
“We are very pleased with the strong sales of Charlton Residences. It demonstrates the demand for housing with quality design and situated at a good location which the project offers,” said Chan Heng Fai, Managing Director of SingXpress Land.