Recently, there were reports on units in high-end condominium projects being sold at a big loss. As property buyers, we often hear from developers and property agents that property prices will always go up in the long run.
Does the property market always manage to recover, with prices going higher than the previous peak? Is it true that any time is a good time to buy? Below is an abstract from my book No B.S. Guide to Property Investment about one of my real-life property stories and the lessons learned.