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.
The problem with your thinking is that you limit yourself to
just tiny Singapore, where developments are
already saturated.
In land rich countries. There are still plenty of development
potentials and opportunities.
Obviously you've never heard of land banking.
Some people just buy a piece of empty land out in the
boonies.
When the developers comes. The value of that piece of land goes
up many times.
Many people earn money that way, but it is a risky deal.
If you are interested.. you may want to check out South
Africa.
