Singapore Entrepreneurs Network & Startup Organization

I think the question here is "Is YOUR house an asset?". Depending on the location where the house is, it can be either or.

Singapore: HDB is certainly NOT an asset, you don't get to keep it after 90 years therefore all the money you plowed into it goes nowhere.

Overseas: Most countries are freehold, thus even if the land doesn't appreciate, most banks would take the land and/or house as security to be pledged for loans if need be.

At this point in time where the market demand is high, I agree completely on this. The only matter is whether the flat is in a preferred location; I am considering purchasing an executive condominium in the East within the next 2 years for stable rental income from expatriates or aircrew, and in the hope of appreciation due to the upcoming 2nd business district in Ponggol.

S$2,500 is still quite reasonable actually, I got a friend who got S$1,800 for a 2 room flat at Bukit Batok also.