Passive Income Farmer - My Biggest Investment
For most Singaporeans, the biggest investment is our home - the house that we live in. And for most people, it is the biggest purchase in our lives. As Singapore has small land area but with big population, the property market is sizzling hot and our "house" is the fastest growing investment in our investment portfolio. Recently in February, an executive maisonette (EM) at Bishan changed hands for S$1.01 million, beating the previous S$1 million paid for a similar unit in Mei Ling Street last September. This record sale also creates a vicious cycle and boosting the housing prices even higher. It is people's nature that seeing your neighbour sold his flat at such high price, you would also raise your own expectation. As I am currently staying at an EM too, so I expect my flat also worth close to 1 million. Potentially I am a millionaire, just that I do not feel like a millionaire myself and I do not think we should...