Regarding the bolded part, banks are not the same as Ali, Abu, Ah Chu or Ah Kow. Banks want us to place deposits into their accounts so they can lend more money to Ah Kidmad and also to keep their balance sheet healthy.

Now I have answered your question, allow me to ask you one: Banks have huge piles of cash in their inventory and since property investments are so good (don't need appreciation, rental is good enough, according to you), why doesn't the banks purchase the property themselves and rent it out instead? Why bother lending it to the public? Tips: risks.

Anyway, like I said, I am in the UUU camp. I am not into high rise, so my yields are very low. Appreciation is KING, in my opinion. Many rather not rent out their properties if they don't find the right tenants.