Small investors like us, prefer to play on level field.
No point playing in a field while other pay 1 cent, and we pay a dollar.
Alot of plantation owners are conned to sold land at penny in JB. those land are worthless and sold to unaware investors for a king ransom.
just beware, we singaporeans are a stupid bunch. worldwide recognised.
A big corporation bought a piece at billion does not mean anything, they may be as dumb as us.
Singaporeans are easily taken in by sweet words and advertisements. They also don't think hard and far enough. I think most Singaporeans have been made dumb by the government. What they say, we must follow. Don't ask questions. You protest, you will be punished. So many have "follow the herd" mentality. Many still get cheated by all sort of scams.
Yes, big corporations, developers and even the Singapore government make mistakes. Some went in blindly confident that because XXX is there, my investment can't be wrong. Or the more people say it is going to fail, the more I will want to invest in the place. That's asking for big trouble.
Medini has never been a place for residential investment. At least that's what the authorities themselves admitted. It's the greed of buyers that made developers also play the game of building so many condos. The whole place is originally meant for commercial, industrial, and other businesses. These didn't take off well so some of them switched to residential after seeing foreigners rushing in the buy.
Now the properties in Medini are all stuck at high prices. It's almost impossible to exit the market any more.
But if one buys to stay there and enjoy the place, then it's a different story.