23 Oct '11, 6pm

Are you buying property?

Are you buying property now? Is it the right time? Yesterday’s Sunday Times gave us 2 perspectives. First, there’s an interview with a tycoon who has businesses in property development. When asked how many properties did he own, the four-time head of Redas has this to say about property in Singapore: “I haven’t invested in property in recent years because prices have gone up so much . As developers, we know the cost , and rental is not that attractive now . I have better use of my funds, in art, stamps and charity work.” (emphasis mine) Seems like Mr Daniel Teo knows what he’s talking about. Next, we have journalist Goh Eng Yeow writing on how to “save your savings”. He talks about a few scenarios, one of which is that of runaway inflation. The money-printing done by US and Europe to inflate their debts away may lead to costlier foodstuff and other necessities. He said: “A...

Full article: http://www.salary.sg/2011/buy-property-right-time/

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