Investing in properties

Here are my views about investing in properties at the present time.

If you are eligible for a new HDB flat, it is an attractive investment. You may qualify for some Government grant as well.

I know of someone who bought a 5 room HDB flat next to Redhill MRT station for $380,000 (including renovation) recently. A private property in the same locality would cost $1 million.

The new HDB flats are built to a high standard. They are almost as good as a private property.

I hesitate to invest in private property at the current high price. It may not be sustainable over the next few years. It reminds me of the situation in 1996.