SINGAPOREANS have a penchant for residential properties, seeing them as a good investment for capital gains and for passive income during retirement. The turbulence in financial markets in recent years has added to the allure of properties, which are perceived as relatively more stable and able to offer good long-term value.
The positive perception of the Singapore property market is not without merit. The Urban Redevelopment Authority's residential property price index shows a strong 36 per cent gain in the past five years, up to the end of the third quarter of 2022. In comparison, Singapore's benchmark Straits Times Index, which tracks the local stock market, is down by nearly 3 per cent during...
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