The unique thing about property investments is that it is the only asset class that a bank will ever lend you money to purchase, that is the leveraging aspect that property provides that no other investment product has.
In short, $300K cash will be 20% of a property/properties worth $15 Mil. Meaning you will be able to acquire 1 or more properties totalling $15Mil in total using maximum leveraging.
To answer your question, it is not so much of the right time to invest, but WHERE you invest. Globally, Singapore is 20-30% on average below the major financial centers of Tokyo, Shanghai and Hongkong, and within Singapore, there are areas that are properties that are fantastic to own even now in 2010.
Give you an example, if you had bought into a heartland area condominium in the market peak of 1996, you would still be struggling to break even. However, if you have bought into a prime central core development, you'd be laughing to the bank today.
Thus the only answer I can give you really is:
Off hand, there are properties that you can get that are in fantastic locations, good pricing, and all FREEHOLD in the city core.
If the start of this converstation has perked your interest, feel free to drop me a line to discuss further on this.
Your Singapore Condo Specialist Team,
Senior Marketing Associates
Developer's Appointed Agency
Huttons Real Estate Group
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