Recently started looking into Singapore real estate.

The agent told me that the private residential property appreciation over the past four years in Singapore was 8.6%, 6.8%, 3.9%, and 3.3%!
The down payment is only 25%, which is equivalent to four times leverage, so the actual ROI should be multiplied by four!
And this is during a period when the government is controlling housing prices and implementing cooling measures such as a 60% additional tax for foreign buyers.
What truly constitutes a good asset is definitely a question worth pondering!