The title of this blog post is not meant to be sarcastic. It is about human nature to follow the herd, especially the irrational urge to buy something when prices are high. A second-hand HDB home for over a million? Our local media have the tendency to report properties that were recently sold at an unbelievably high price. Or the purchase price had just set a new … [Read more...]
What happened to buyers who overpaid at new launch?
This blog post will share with you the bloody truth of buyers who overpaid for their homes at new launch. We will also look at condominiums that once set new price record in their respective district during launch and how they are doing now. Caution: This is not another feel good article about Q2 economy grows 14.3 percent or profit jumps 37 percent, compared with … [Read more...]
The truths behind our higher incomes in census 2020
The Department of Statistics (DOS) released the latest Singapore Census of Population 2020 last month. Census 2020 surveyed 150,000 resident households last year. The results show that Singapore residents are earning higher incomes. Also, those households in the highest income bracket of $20,000 and over make up the biggest group of 13.9 percent. Did census 2020 show that … [Read more...]
Are retail and office properties still safe bets?
It has been five weeks since the country was under Phase 2 Heightened Alert. Drawing from the experience of last year’s circuit breaker, we have established a routine at home. The kids are thrilled to be on home-based learning. Growing children are always hungry. With no dining out, every day I will prepare home-cooked meals for lunch and dinner. In between, we make some … [Read more...]
Do you expect a new home to solve an old problem?
The pandemic is hurting us in different ways. Stress can come in different forms. Financially, it may be loss of business, work or income. Routinely, it can be inconveniences in daily activities and conflicts with family members. For some people, they believe that moving away or moving to a new home is the solution to alleviate their sufferings. Pandemic-induced housing … [Read more...]