Asset enhancement works only with a second home

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Apr 21, 2011
Asset enhancement works only with a second home
I REFER to Mr Tan Jiaqi's letter on Monday ('Perils of asset enhancement for younger Singaporeans').
Assuming that a home is a necessity to a family, the family's asset is not really appreciating as other home prices are rising in tandem. Only when the family acquires a second home can it be truly said that the asset is appreciating in value?

For those yet to own property, asset enhancement is a form of inflation; for those who own a single apartment or house, asset enhancement matters little; for those who own more than one apartment or house, it is truly asset enhancement.
Jeremy Chen
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