"There were no worries. It was easy money."
Morgan Stanley thinks that property prices in Singapore will double by 2030.
Is a good time to buy investment property now?
No one can say what the future holds with total confidence. Of course, people could and some would continue to make predictions for any number of reasons.
I do know that there were times in the past and also the recent past when we could get rental yields of 5% and even close to 6% in Singapore for a residential property. Although it does not adhere to the Rule of 15, in Singapore, that is probably pretty good.
Now, we are probably looking at rental yields of around 3% or, often, even lower and I have said before that this only looks attractive because of the very low interest rate environment. I don't know but did Morgan Stanley say interest rates are rising?
Rule of 15.
Having said this, I will say that there are always good investments to be found. It might be more difficult to find them but, probably, they are out there somewhere. What is a good investment? Well, it is probably safe to say that it is one that offers good value for money.
Affordability and value for money.
I acknowledge that I do not know everything there is to know and I definitely do not know what the future holds but I do know that if we wish to speculate, we must have deep pockets.
Speculators should know that they are speculating and not investing.
Questions to ask.
Finally, of course, we could make quite a bit of money from speculating. We just have to be lucky.
Disastrous investments in real estate.