Why the Singaporean Dream is to Own Multiple Properties
It is a commonplace for Singaporeans to own or at least desire to have more than one property as part of their investment portfolio, either to collect rent or to accumulate wealth and hedge against inflation through capital appreciation. But what exactly are the benefits of owning multiple properties, and is it worth the hassle?
Real estate: A unique hedge against inflation
During mid-2021, the phrase “inflation is transitory” was the headline across news outlets worldwide. More recently in Dec 2021, the tone has changed and the consensus is that “inflation is no longer transitory”. We recognise what inflation is, and its impact on the economy. However, what does this mean for us in Singapore? And what does inflation have to do with real estate? In this article, we cover the impact of inflation on real estate prices, and explain the allure of real estate as a hedge against inflation.