Did you notice that when you flipped the newspapers in 2012 and 2013, all the articles on properties were about 'the next hotspot, 'property boom continues', 'robust sales in projects' and 'achieved record high'? Did you notice that fast forward to 2014 an 2015, the same media published articles consistently on 'lower transaction volumes', 'drop in property prices continues', … [Read more...]
Why people often end up buying the wrong thing?
Wardrobe spring cleaning I spent my Labor Day holiday doing the long overdue task of spring cleaning my wardrobe. How hard can it be? Well, any lady will tell you that this is a labor-intensive plus physically and mentally-draining chore, with lots of surprises and heartbreaks along the way. It took me almost two days to complete the job, after endless rounds of repeating … [Read more...]
Do property prices always recover to go up higher?
Recently, there are reports on units in high-end condominium projects being sold at a big loss. As property buyers, we hear too often 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 … [Read more...]
Trust yourself you can create wealth in property
I received a few messages from readers of my blog which read something like this: I like properties and I want to learn everything about it. My dream is to earn passive income from property investment. I hope to be financially free one day ... But I am only a 20-something guy who just started working a few years back. I live on a humble four-figure salary every month. I … [Read more...]
Can you afford your dream home after taking the 3-3-5 test?
Earlier this week, a repost of my article "A Simple Affordability Test" by Yahoo News and Propwise.sg from my book No B.S. Guide to Property Investment has sparked off some debate online. Below is the original article in my book for your reference: A simple affordability test Daniel is a single in his mid-thirties. He is staying with his parents now but is … [Read more...]