You have to be very realistic about how much you can bleed and for long. There is so much supply that the demand factors can’t really catch up unless they import foreigners en masse.

If there is a catalyst coming to your location then hold on but if there’s nothing then review your property ownership plans.

It’s not a good investment only because they have made it so easy to buy a property and at various price points. In a way this is a good thing as home ownership isn’t really an impossible feat unlike in many other countries. It’s just not profitable now except for a select few.

The typical mid range 500k+ units are a dime a dozen. The desirable ones have public transport links and may be close to some attraction point. You have to look at it like a product nowadays so the actual selection process is very important.

If you can identify the next hotspot that people want to live in then you can still make money if you didn’t overpay.

Did you buy into Southbrooks DPC when it was launched? It was under 700 psf and valued at 1k psf now with expat class rental cashflow. Property selection and seeing value in the project is key. This is maybe 1 out of 100 recent projects that did well.

This post has been edited by Cavatzu: Jul 4 2024, 05:34 PM

It’s huge capital outlay and then you have to wait a considerable time before appreciation happens. This type of property also has a very narrow audience.

A more achievable goal is identifying the new hotspot for affluent locals and expats.

This post has been edited by Cavatzu: Jul 4 2024, 05:40 PM

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This post has been edited by Cavatzu: Jul 4 2024, 05:39 PM

It’s still a very natural evolution as they move up the social hierarchy into upper middle class or they start a family.

Beyond your first property purchase in your 20s/30s, what would you upgrade to later on? A larger unit or landed?

Ya people are neglecting affordability. Many would go for landed if they could in a good location. Sub 1 mill you don’t really have choice as you compromise on convenience. Once your budget goes up to 1.5M+ then there is more meaningful conversation about choice for accomodation in KV.

With kids? Pets? Maid? If they’re single or childless then fair enough. But certain life stages do call for more space unless one is willing to compromise on those factors.