Monthly Archives: February 2015

Why do Rich People Lose money in Property Investment? – 11 Feb 2015

Posted on February 10th, 2015 in Local Property Market

1) Recently, our radar was alerted that many millions are being lost by big budget property investors who have gotten their timing wrong. It doesn’t matter if they had deep pockets to start with. Being rich doesn’t mean you always have the midas touch. Even the rich make investment mistakes.Just like Warren Buffett. Just like anyone else.

2) In any downturn in the property market, expensive luxury properties are always the first to take a big hit. This is because the pool of big budget buyers are smaller to begin with, compared to more affordable  property which appeal to all savvy investors as long as the yield makes sense.

3) Even if one has the holding power, buying at the peak may mean that no matter how long you hold, the only claim to fame is that you have contributed to the highest psf ever for that particular property. It’s not exactly a record you want to show your peers unless it’s for bragging rights. Perhaps these owners have decided to cut their losses and recoup it elsewhere. We do hope to see them at Empower Advisory’s investment outreach. If not, we wish them our best, nevertheless.

4) Property is not just about location, location, location. It’s also about timing, timing, timing! Try not to cringe at the losses we have highlighted below!

ST REGIS RESIDENCES SINGAPORE

St Regis Singapore

SOLD ON
ADDRESS
UNIT AREA
(SQFT)
SALE PRICE
(S$ PSF)
BOUGHT ON
PURCHASE
PRICE
(S$ PSF)
L0SSES (S$)
23 JAN 2015 33 TANGLIN ROAD #20-05 3,897 2,002 19 JUN 2006 2,872 3,390,860
17 JAN 2015 33 TANGLIN ROAD #22-09 4,941 1,923 17 OCT 2006 2,890 4,780,000

 

ST THOMAS SUITES

st.-thomas-suites

SOLD ON
ADDRESS
UNIT AREA
(SQFT)
SALE PRICE
(S$ PSF)
BOUGHT
ON
PURCHASE PRICE
(S$ PSF)
LOSSES
(S$)
10 DEC 2014 31 ST. THOMAS WALK #29-01 4,672 1,552 29 DEC 2010 2,213 3,088,000

 

THE ORCHARD RESIDENCES

The-Orchard-Residences

SOLD
ON
ADDRESS
UNIT AREA
(SQFT)
SALE PRICE
(S$ PSF)
BOUGHT
ON
PURCHASE PRICE
(S$ PSF)
LOSSES
(S$)
2 JAN 2015 238 ORCHARD BOULEVARD #36-06 1,808 3,041 1 NOV 2007 4,287 2,253,000


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