Extreme weather is a severe weather phenomenon that is different from the usual weather pattern. The resultant hazards can cause substantial damage to our property and even loss of human life. In Singapore, extreme weather conditions include heavy rain, floods and heatwaves. Due to climate change, in the foreseeable future these unusual meteorological events will appear more … [Read more...]
The Future of Singapore Homes Seminar
The Future of Singapore Homes An education seminar by Property Club Singapore (If you miss this event, you can watch the recording here) The seminar will highlight the main initiatives in Draft Master Plan 2025 as a guide for Singapore's land use plan in next 10 to 15 years. It will cover development areas with potential and the newly announced estate upgrading … [Read more...]
New Home Defects Talk
Early this month I attended a home defects talk for customers of Absolute Inspection, Singapore's only RICS certified defects company. It was a cozy small group setup with a lot of interactions. I picked up many good insights on home defects and quality problems in new projects. This talk is especially useful if your home is a newly-TOP BTO/condo/landed project, a resale … [Read more...]
Home buying spree is fading fast
Singapore’s pandemic-fueled home buying fever is cooling faster than what everyone has expected. Last week ended with the shocking news that three new launches sold a total of merely 53 units in their first weekend: - TMW Maxwell sold 7 units out of a total of 324 units (2.2 percent sold) - The Arden sold 27 units out of a total of 105 units (25.7 percent sold) - … [Read more...]
Where’s the property market now and what’s next
The property market suddenly runs out of steam: Transaction volumes drop much lower. The private home for sale market is quiet. Condo rental deals also take much longer to close. Even property agents are taken by surprise. What is happening in the property market? How did it happen? Was it because of the 0.4 percent price fall in 2nd quarter flash estimate … [Read more...]