Property Asset Allocation

Property is an excellent hedge against inflation in Singapore, since the scarcity of land means that prices always appreciate.  However, a portfolio comprising mostly of property is illiquid, unless you have the sort of portfolio and credit rating that grants access to credit lines and other forms of funding. 

For me, a good property portfolio would have heavy weightage towards warehouses, particularly temperature controlled warehouses, and bonded stores.  The residential and commercial retail market has volatility.  There is always a shortage of good warehouses.