Property is a very simple investment, because property prices will always go up in the long term.
That's why properties are for simple-minded, uneducated people like Mr. Ng Teng Fong or Mr. Li Kashing.
Those who are too intelligent and try to analyse too much ended up in the Straits Times complainers' forum writing letters to complain about very high property prices.
There is nothing to analyse, just buy.
You will never be able to predict exactly which place is going to outperform another, relatively.
Look at the 1980's classfieds below.
Would you like this West Coast Jalan Mas Kuning terrace filled with heavy vehicles, no beach, poor visibility, smoke stacks for $455,000 ?
Or grab this Grange Heights for $650,000 even though it was not in the prime part of River Valley (as some people pointed out) and too far from the main road?
Or these landed properties for around $400k, even though the rental yield for landed was always miserable?
Propertism Rule No. 1 - Properties should only be bought. Not sold.
Property prices will always go up in the long term simply because paper money will eventually lose all its value.
“The modern banking process manufactures currency out of nothing.”.
- Lord Josiah Stamp, Former Director of the Bank of England (1937)
“At the end fiat money returns to its inner value—zero.”
- Voltaire (21 November 1694 – 30 May 1778)