Normanton Park is the biggest new condominium launch since the start of 2021. Marketers had been bombarding consumers with e-mail, print and online ads for weeks. Before the end of the launch weekend on January 17 Sunday 6 pm, The Straits Times and The Business Times published unanimously a celebratory headline online that read “Normanton Park developer sells nearly a third … [Read more...]
Best deals in the market as of December 31
As we are approaching the last day of the year, we have no time to waste for the tasks below: 1) List all the unfinished business and set a completion deadline. 2) Clear up things that need to be done by the December 31 deadline. 3) Put our money in all the right places in anticipation of another uncertain year. When I said “all the right places”, I mean the best … [Read more...]
Another unpublished letter to The Straits Times Forum
Last Tuesday, the Monetary Authority of Singapore has urged households to be prudent when taking up new debt or committing to property purchase (“Households urged by MAS to stay prudent when taking up debt or buying property”, Channel NewsAsia, December 2, 2020). As of the third quarter of this year, about 36,000 mortgage relief applications from homeowners who couldn’t … [Read more...]
Ecohouse conman finally arrested
Ecohouse, a fake Brazilian public housing development, used to be the most popular overseas property project among Singapore investors back in 2012. Two years later, after it closed its office at Suntec City, more than 800 Singapore victims found that the project was a scam. They lost a total of over S$50 million. Last month, the UK police decided that there was no case for … [Read more...]
Follow the hot money
When there are already not many activities planned under the threat of Covid-19, we still see rare, exciting events being cancelled at the eleventh hour. The long-awaited inaugural flight under the Singapore-Hong Kong air travel bubble arrangement was rescheduled last minute at 5 p.m. the day before its official takeoff. Earlier this month, the high-profile dual listings of … [Read more...]