Post #1073 by Mark on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks

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I can see the value of this, but I can also see potential downside.
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I was glad for the flipper. It helped my property values.

The Singapore residential housing market is quite a bit different than the USA residential market. The main difference is that in Singapore, the VAST majority of residential properties are condos in large apartment buildings. So, because it's a condo, the maintenance of the structure itself is done collectively, not individually. So, at worst, only the inside of the apartment can be "trashed" enough to require full rehab before a sale ("flip"). So, while flips can very often be beneficial to the neighbors in the USA (as you described above), they aren't as beneficial to the neighbors in Singapore.

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