Reality check for Singapore property as retirement asset
Homeowners can no longer expect their homes to generate the robust returns seen in previous decades, says a DBS report
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IT IS often said that Singaporeans have an enduring love affair with property, with many looking to sell or downsize their homes to enhance their retirement kitties in their golden years.
But that passion for property is in for a reality check - and this is a good thing.
DBS' report Will property still be your pot of gold? sounds a strong note of caution that savers would be wise to heed - that homeowners can no longer expect their homes to generate the robust returns seen in previous decades.
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