.........
Being rich is not = splurging ur wealth on overpriced property.
That is called stupidity.
If i buy a "cheap/undervalued" property, it is not a reflection
of my wealth, it just reflect the mindset of a shrewd invester.
Please be clear.
Thats where you are wrong. Investing in property it is always
about location and the reason why certain property commmand a
higher price than the rest is not because it is overpriced, it
is because there is a demand for such property and there is good
rental returns.
Buying low doesnt mean it is cheap, because when you sell it
will still be low.
For example, an apartment at Ardmore area was priced at around
S$1500 psf before the recent property boom and it shot up as high
as S$3,300 within 2 years. Do you get to see similar rise in
cheap Mass market property?
Good guess, but wrong one.
