I currently owned a property in Indonesia (see picture below). Unlike property in Singapore where you may receive a net passive income every month after paying off the loans and interest from the bank, the interest in banks in Indonesia is very high (as much as 7.5% in my case). Having said that, the capital appreciation for the property I bought has since rocket northwards and it doesnt seem like stopping anytime soon.

Many people said to me that if i bought a property in Singapore, you are owning "a piece in the air" - assuming that it is a condominium, while for the very same price, you could easily get a couple of hard piece of land on the ground.
What do you guys think?
I came across this link on insurance company in singapore, hope can provide more insights.
ReplyDeleteinsurance company in singapore