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Never only look at things from one point of view..
Some acquaintances of mine have been telling me how good the resell market has been in Singapore, and how the en-bloc fever is blanketing the nation. This was particularly when i was back in January, where friends of friends all echo the same sentiments. Just like the mid-90s property boom, my "minute" level of understanding is that: yes, you can earn a lot from selling your current property but you're going to spend most of the income from the initial sale for your purchase of your next flat As some folks might say, net-net same amount, or whatever goes into left pocket goes out of the right pocket immediately. Just read a blog post here and it described how a reader's pain and challenges in going through such an experience of en-blocing, if you can even call it a word. Ouch! [via The Singapore Daily]
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