The Edge Property ran an article this week providing some historical review of DBSS from the point of view as an investment.
There is a tendency for people to be taken in that better designs means that people have a willingness to believe it would eventually sell better than the average. The reality could be that, it goes back to the basic principals of value investing: There is a price to pay for a particular intrinsic value.
Some times ‘value’ is an illusion.
When compared the DBSS build in 2006, and if you sell it today, you make a tidy profit, but so do the HDB that are suppose to look inferior to the DBSS.
Comparing the rental yield tells the same story. Rent lower but the cost price is also lower.
DBSS is a new novelty idea, but essentially they would not be full fledged condo like the executive condominium after 10 years of purchase.
So what are they? Perhaps a more favorable place to live in.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
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