Hindsight is 20/20, but that doesn’t mean we can’t learn from it. From near-misses of bad investments to lost opportunities, we’ve asked people about their top “what if” investments. Here are some stories from investors who could have, or luckily didn’t, invest in some of their shortlisted projects: One reader shares how they nearly bought Cavenagh House in the 1990s:...
Hindsight is 20/20, but that doesn’t mean we can’t learn from it. From near-misses of bad investments to lost opportunities, we’ve asked people about their top “what if” investments. Here are some stories from investors who could have, or luckily didn’t, invest in some of their shortlisted projects:“We were looking to buy Cavenagh House to be close to our son’s Primary School,” they said. “We went to view it twice and made the decision quite quickly to buy it”.
In addition, there was a warning from a friend that future en-bloc opportunities would be slim, as they heard from a friend that there were MRT tracks running under the property. This would supposedly be off-putting to future developers, as it could cause construction issues. The unit was huge by today’s standards, at 2,000+ sq. ft., and with a quantum of just around $700,000. The choice came to a toss-up, and they ultimately decided to pick the other development instead because it had more facilities that would have been better for their children.
One of the newer launches at the time was Paya Lebar Residences, which was practically next to the Paya Lebar MRT station. On top of this, they realised they had missed the transformation of the Paya Lebar Quarter . From a handful of low-grade office spaces, the area is now a major commercial hub. Even the SingPost building has been transformed into a third mall for the area.
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