The property market in Singapore has been heating up for quite some time. Recent news reported that Singapore properties are still being snapped up despite the sky-high prices. Real estates remain a favorite asset class of investment for both Singaporeans and foreigners alike despite the current uncertain economic times. It is no wonder that so many property investment seminars are popping up everywhere to take advantage of this property craze!
Advertisements with headlines such as “How to Invest in Properties with Little or No Money,” “How to Buy 10 Properties for the Price of 1” and “How You Can Make Millions in Properties with No Money Down in Just 24 Months” are common and frequent in the newspapers. The messages tout that property investment is the fastest and easiest route for anybody who wish to become extremely wealthy. There are of course disclaimers (in very fine prints at the bottom of these advertisements) stating that all investments carry risks and may not be suitable for everybody. But how many potential investors take notice of such disclaimers cautioning them on the risks involved? Buyers beware - if an investment opportunity sounds too good to be true, it probably is!