Wealthy Singaporeans Bullish On Property

Wealthy Singaporeans Bullish On Property

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In this article on 'Wealthy Singaporeans Bullish On Property', the learning points on why wealthy Singaporeans are bullish on property can be found. So should you put all your eggs in one property basket? Does it mean that the majority view on rising property prices is always correct? Will the prevailing hope of wealthy investors become a self fulfilling prophecy? Or are there other factors that influence property prices that wealthy investors should be cautious about?

Read this 'Wealthy Singaporeans Bullish On Property' article now.


Wealthy Singaporeans Bullish On Property

By Joyce Teo
Straits Times Singapore, December 4, 2009

WEALTHY investors in Singapore are so keen on putting their millions into pro-perty investments that even giant bank Barclays is urging caution.

A survey by Barclays Wealth has found that Singapore’s high net worth individuals are more bullish on the future of the property market than a lot of their counterparts across the globe.

It has also determined that more women than men believe bricks and mortar make a less risky investment than equities.

These investors – their assets range from $1 million to more than $30 million – place about a quarter of their wealth into property, and this is expected to hit 28 per cent over the next two years.

The reason is clear: Singapore’s wealthy see real estate as a better long-term solution, but Barclays’ experts feel these people need a better balance.

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