Circle of Kakis

As mentioned in the poll thread, I'm into ppty investment.

The psf rate is now getting more and more insane.

This week I happened to know a ppty agent from some parent voluntary grp (for my son primary school registration), she told me that ppty units in district 9/10/11 have increase to insane price. Eg some of the studio units was around $1000psf in Mar, now increase to $1500-1800psf, that's 50-90% increment in just 4-5 months!

Even the HDB sellers are asking for rediculous prices. This agent told me that many of her HDB sellers just ask for the same high prices they learn from newspaper w/o even considering their flat locations, facilities and age. The ppty market is in crazy mess now.

I think the government will soon step in coz there are reports in newspaper aldy stating the tenants complaints that they can hardly find an affordable rental units nowadays. If the HDB ppty price reach a stage whereby even local citizens can't afford, government will prolly come out with new policy to hinder foreign investers (which is the main source of $$$ to pump the ppty value now coz comparing to neigbhbouring developed countries like HK and Korea, S'pore ppty is still lower and they see the investment opportunity) and slowly drive the price low again.

For me, since I'm looking to hold a ppty for the next 15-20 yrs, I am not going for quick profit and I'm not so bothered by such policies when they come.

WHat abt u guys?

Boss, have you consider about Land Banking? That's you invest on some foreign land like Canada and UK. This is more of a "buy, sit and wait" long term investment.

As a kiasee investor I'm not considering other countries (esp neignouring country though I know we can buy big land and build big houses in nearby countries with less than S$30k) coz:

1. Difficult to monitor from home country.
2. Changes in country laws esp when hold over long period of 15-20 yrs.

Comparing with the more developed asian countries and european countries, the ppty price in S'pore is still relatively low (which is why so many foreign investers come into the market bcoz they see the growth potential if they buy now).

I'm fortunate that my current job offer travelling opportunity to both asian and european countries and I always pick up copies of their ppty newsletter to compare, that's why I always said, no matter how many complaints we have on the living standard and housing value here, it's still much better than other developed countries.