Despite the housing bubble crisis a few years back, real estate is always going to be a lucrative market if you are able to capitalize on good property or chance property with some good timing. Real estate, more often than not, is a business of investment. Property can be held for years as development makes way, allowing for the value of the property to increase steadily. My parents have been investing in property all over the world and only recently have they begun to see profits from their investments in Singapore, especially with the new launch ec that is opening its doors once again to young and wealthy residents who want to experience class and luxury in the Singapore area. The concept of luxury, especially that which is modeled after the Western definition of such, is something of a foreign concept here in Singapore. My parents predicted that Singapore would undergo an economic revolution and planned accordingly. Wealth emulates wealth, it seems.
My parents are quite talented in understanding basic human wants and desires. They are shameless in their leveraging of those wants in the cause of profit, although they would not quite take advantage of anyone, they might use our own perceptions of what is defined as luxury against us. As poorer countries begin to improve their own economic situations, the very idea of what class, luxury and wealth is has been defined by the standard the Western would has set. Those countries will be looking toward the United States and other Western countries as their examples. They will model systems and standards of luxury after these countries. This is exactly what my parents had expected to happen when they began to build these luxury properties in Asian and so far they have been proven right with their theory.