Daily Life: Nice view from Central Library

Singapore has a good public library system where members of public are exposed to good level of books and magazines. Recently, I noticed that they (National Library) has started organizing talks and seminars at the various library branches. there are various different topics for each month

I was at one of these events recently (Sept 10) and its on its business events. Titled "What's with the Bad News?"Recent financial analysis report from overseas investment firms has predicated that Singapore residential might go down as much as 40% in the next few years. So I was curiously on how true the data is and how to better prepare on such an event if it proves to be correct.

The event is held at the POD on level 16 at the Central library next to Bugis. To go up, a library staff will serve as a tour guide and take a direct lift up. From the 16th Floor, I was able to see suntec city and since its night time, the suntec stretch of the F1 night racing is light up.

Of course I will not be discussing about the whole event here but will share on some pointers I pick up

1) For the past 20 years, when there are negative GDP growth in Singapore will there be a property price drop.
2) Holding power of real estate property is very important as it ensures better survival in times of recession
3) Buying a unit with tenants ensure a postive cash flow right from the start
4) Do not over-extend oneself with too much investments
5) Always read between the lines of any report and understand where does the data point justify the analysis

There are still hope for Singapore residential property growth for at least the next 4 years. Of course there may be correction in terms of price but on the whole, the market is poised to remain valid for at least 2 years based on what i gather from the seminar. Looks like I have to start saving/ planning for my first real estate invesment.