23 Jan '15, 8am

3 Property Investment Mistakes You Should Avoid In 2015

By Property Soul (Guest Contributor) No matter what your New Year resolutions are, it’s time you said goodbye to your bad habits in property investment. If you are buying a private home in 2015, avoid making these three common mistakes. Mistake #1: Rush in and get burnt According to the URA, there are 88,627 uncompleted private residential units (including ECs) in the pipeline. As at 3rd Quarter 2014, 28,120 units (excluding ECs) have been launched but remain unsold. For public flats, the HDB will launch another 16,900 BTO flats this year. Do the math. Ninety percent of resident households already own their homes. Population growth in Singapore is a record-low 1.3 percent in 2014. For the past five years, the annual increment in the number of resident households ranges from 3,000 to 22,500. Assuming there are two persons in each new household, every year only 1,500 to 11,2...

Full article: http://www.propwise.sg/3-property-investment-mistakes-you...

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