Economic and business conditions
If you are cash-rich, you could probably buy a property even during “bad” times when property prices are likely to be depressed, and hold on the property until prices have risen. But if you’re not certain about having a guaranteed income during an economic downturn, then you should think twice before investing.

Timing of investment
Time your investment so that you buy as prices are starting to increase, and sell before they decline. This is, of course, easier said than done. But experience and constant monitoring of market movements would help. You must have the financial resources to stay invested for some years, and shouldn’t bet on being able to make a quick profit on the property.

Housing and land policies
Keep in touch with government policies, property developers’ plans and commercial banks’ practices as these may affect property prices.

Understand profits and risks
Work using realistic figures when you do your sums on the cost of purchase and the expected return or income from the investment. In particular, you should assess how you’d be affected if the property market falls. That’s when your expected return/income would fall, while you’d still have to keep paying the housing instalment.

Objectivity
Be objective when you compare and analyze property investments. While emotions may influence your investment decisions, eg. you are attracted to the premises or locality, you should always keep in mind your reason for wanting to invest – most of the time, this would be to get an investment profit or rental.

Good location
A well-maintained property in a good location enhances its ability to produce a good rental income or a good price at the end of the investment. It’s thus important to make a physical inspection to ensure that the environment is suitable for occupation or investment.

Maintenance of property
Good maintenance should enhance the value of the property. For a landed property such as a terrace house or bungalow, you may want to consider appointing a professional to manage your property if you do not have the time. For condominiums and HDB flats, you will pay the management corporations and town councils to take care of the common property and common areas.