New launches still attracting crowds but...

[specuvestor]

Just to chip in...

If SG economy can grow perpetually, then one should consider buying STI ETF... in the long term, it grows with the economy. This will eliminate downside risk of individual company.

On the property, most property is 99 leasehold. Thus its value will depreciate (>30 years old). At the end of life, the value is Zero! Govt is the winner at the end of lease.

The thing is that it does not take a genius to realise that SGP is in a long term uptrend, as long as u hv holding power, u will at least breakeven.
This is not for the case of stocks, how many stocks hv u bought b4 yet till today still remain underwater?

S-Chips should serve as one answer for the last question.

Good point on 99 years leasehold...Actually you can do a simple spreadsheet for 99 years property appreciating at 4% PA and 1/99 discount factor a year and see that the property price will start stagnate and go down around 2/3 ie 66 years.

This is important because the psyche of the market is properties will continue to go up because HDB is only 50 years old. It wil be interesting to see what HDB will do to the old HDB units in the next 20 years because I sense that they will not open the Pandora's box and let the old HDB depreciate. They have already started to relax loan constraints on the remaining life of old HDB units.