Thanks to the ever rising developer ABSD, Singapore’s residential collective sale market went from boom to doom. (Watch my youtube video Ep#22: En Bloc? It’s All Over Now) Collective sale deal discounts and hiccups After the collective sale bull market in 2017-8, only three large-size old condos (Chuan Park, Thomson View and Loyang Valley) managed to sell en bloc in … [Read more...]
When the housing dream shattered
To what extent is Evergrande (恒大) responsible for the collapse of China’s housing market? Heavy punishment of the market leader On August 20, China sentenced the founder of the country’s biggest property developer Hui Ka-yan to life imprisonment, with political rights stripped for life. All personal assets were confiscated. Hui pleaded guilty to large-scale … [Read more...]
Any hope for recovery of Sentosa Cove homes?
The hype of owning a Sentosa home for the affluent started in 2004. It was a symbol for the rich to show "they have arrived". Sales peaked in 2006 with 522 transactions. But the buzz died down after the Global Financial Crisis (2007-8). In fact, the government sold no new land parcel after 2008. From 2011, several rounds of ABSD introduced quickly killed the demands from … [Read more...]
What to expect for money and property in wartime
Wartime is a good test of financial resilience. The notorious “Red Horse and Red Sheep Calamity” (赤马红羊劫) comes every 60 years. It is infamous to bring along fire, volatility, riots and warfare. Coincidentally, it falls in the years 2026 and 2027. While we were still celebrating Chinese New Year, the United States and Israel couldn’t hold their horses and attacked Iran on … [Read more...]
Can we survive the next market crash?
A big market crash is coming – this is the bad news I pick up these days from the world’s most successful investors. Firstly, Warren Buffet sold and set aside US$344 billion cash for Berkshire Hathaway. Next, Ray Dalio said we are heading into very dark times. Then, Jim Rogers warned us about this worst market crash in his life. Similarly, Peter Schiff claimed that the … [Read more...]