03 Apr '17, 3pm

New: How Investing in Foreign Property Destroyed My Family’s Wealth https://t.co/FxBQVyHT1l

By Heartland Boy (guest contributor) When I applied for a role at a real estate developer after graduation, the hiring manager asked during the interview: “You graduated with a degree in Business Management, why do you want to work in the property sector?” I replied: “My experience with the real estate sector started when I was very young, probably at six years old. I understand that many households in Singapore have had very good experiences with property investment. Their HDB values had doubled or tripled over the years as a result of Singapore’s economic growth. However, my father invested in foreign property and it destroyed my family wealth. This experience left an indelible mark in my childhood.” “Tell me more about it,” said the hiring manager. Investing in Foreign Property It was sometime in 1994 when my father purchased two strata retail lots at Kemayan City Mall ...

Full article: https://www.propwise.sg/how-investing-in-foreign-property...

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