Quote:
Originally Posted by Unregistered
If you are a Singaporean, you should buy a landed property. Foreigners cannot buy landed property. Dont be stupid to buy an expensive box in the sky. Ths supply of landed properties is shrinking rapidly every year while demand is rising up fast.
A landed property gives you very high social status and only about 5% of Singaporeans live in a landed property. You can build a swimming pool, a big fish pond and a nice garden.
Landed property in Singapore is very undervalued, esp the ones in the west of Singapore.
There are still cheap landed properties in the Jurong area (CORPORATION and WESTWOOD landed estates) which are still selling at less than S$2mil. These will definitely rise to above S$2mil when the Jurong Lake District is developed in the next 5-8 years. Currently, not many are in the market and these get quickly snapped up and prices are moving higher and higher.
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Makes sense, thx for the tip.... But I still don't want to swat mosquitoes at night. I was thinking of investing in condos in the Jurong Lake District. I have never seen a lizard or cockroach since I moved out of parent's landed to my condo. No gardening. No security alarms going off at night. No worries about break-ins. Don't even need a maid because condo living is easy maintenance.... Its the ideal home for the lazy.
But, indeed agree that landed may make a better investment for the very long term, and this is only for Singaporeans. I like the sound of that. If I had 0.4M cash downpayment for the 2M landed I would take the plunge.... Asia is the new growth area, and we are in a good position for the future. Buy land... they aren't making any more of it. (ok, in SG we do buy other countries' sand to make land around the shoreline, haha)