Principle number one, be prepared to do the preliminary research.
Never invest in something that looks appealing without knowing its actual value.
Understand the last five years of transaction prices and future development as well as the prices of other similar industries in the area before making a decision.
Principle two, keep up with the times.
Knowing the latest government investment plans of the Singapore government is the basis for a successful investment in Singapore real estate.
The Singapore government is the largest investor in Singapore and the projects that the government has planned to invest in over the past 40 years have been high return projects.
In fact, most of the people who have followed the route of the government's urban development plan have made good profits from investing in real estate.
Some of the successful local real estate investors in Singapore have only invested in places where the Singapore government has invested heavily.
Principle number three, the only reliable investment decision comes from your own field research and the advice of professional real estate investors.
When investing in property in Singapore, many people will give you advice, such as developers, bankers, fund managers, real estate agents, your close relatives, etc.
The most reliable advice would be those investors who continue to invest in properties.
They buy and sell properties many times a year and have real experience in the market and their advice can be taken into account.
Of course, a successful property investment must have your own independent fieldwork, data analysis, and any so-called expert advice should only be used as a reference, otherwise it will increase the risk of your investment.
Principle four, the areas with the highest yields are the future growth areas.
The URA publishes future plans every five years in its master plan, and smart investors will find investment opportunities in them.
For example, in the 2008 plan, the government focused on developing the Marina Bay Financial Centre in the city center and a satellite financial district along the Karang River.
Buyers at the time invested in properties in this area and are now making very good returns.
Principle five, the best investment projects are the ones that real estate investors are most enthusiastic about.
Well-known and branded projects are not necessarily the best investments.
Local investors are the most researched people about local real estate and their market sense is unimaginable to the average person.
Remember, successful real estate investors invest in high quality projects.
Projects that have growth potential and are suitable for investment are those that stand the test of the market.
It is wise to make investment decisions based on facts and actual data.
Principle six, invest in unique and distinctive real estate units.
Things are rare, and industries with unique selling points always fetch a good price, such as ocean views, lake views, city night views, the largest parks, the largest shopping malls, etc.
Finding something unique about an industry and investing in it will most likely yield a good return on investment.
Principle seven: Leverage on banks.
Singapore has a very well-developed financial system and financial services.
Investors should make good use of bank leverage to reduce their cash investment and use the rent to pay off the mortgage.
Principle eight, choose the real estate agent you think is best to work with you.
Investors should use the most professional agent who is most familiar with the local market and their expertise to protect their investment.