Wednesday, December 2, 2009

Multiple choice

A) is a property that exists.

Meaning, I've seen it. We can afford it if we struggle a bit, cut out all travel for the next six months, and take out a year-long bank loan on shockingly stiff Singapore interest rates. It has supposedly bad feng shui, not that I really believe in that. It has trees right behind it, a nice open view and a slight slope. It has the all-important flood-proofness, being more than 40m above the nearest river. Living there will put us near friends and the schools we would like our children to go to. It is for living. It's just the right size, just the right price (if we didn't have to pay in cash) lovely. I can picture our house in it, although I can't picture the house.

B) is a property that does not exist.

Yet. Or it exists on paper. Or as raw farmland with no roads, no civilization, and only the glimmer of a potential value. It is a high-end development that has yet to be stamped with the official approval to break ground, by a known developer that has had its own ups and downs. It is a good deal -- or so it will be once it starts selling, because we are in a position to buy before anyone else does. It will be very high above ground, with a view. It will cost more than we intended to spend for a piece of property. Yet it is said to be an "investment." It is promising. (Actually, to me it occurs more as a promise than an actual property.) It is not quite certain to materialize -- yet. If it does, it might just be worth waiting for.

C) is none of the above.

A piece of land perfect for building a home, that might still be out there somewhere. We just haven't found it yet. Or have we?

Pencils up.

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