No I don't sell, I pass on to my next generation, unless I need really need money, otherwise no point selling since next peak is always higher than current peak. Buy and sell and buy again for what? Let all those people earn the taxes, fees, etc and then still end up holding the same number of properties?
And then there is the lost opportunity costs, lost rentals etc.
There is 1 reason I will sell (and never buy back): When I perceive that the country governance has changed, capital flow is no longer free, try to implement capital controls etc. Singapore is perceived to be going in that directionI believe many rich people are already reviewing their options. I am reviewing as well. In fact, I had already shifted much of my money out of S$, and no longer invest in Singapore listed stocks for reasons I already mentioned. Next review will be capital still invested in properties. Serious
capital outflow will be detrimental to the economic health of Singapore. Hope they learn the lesson (or otherwise those super-rich will teach them a lesson, just like what happen in Malaysia, till now still cannot recover in terms of FDI).