During his speech at the National Day Rally 2018, our Prime Minister announced the new VERS (Voluntary Early Redevelopment Scheme) which allows HDB owners to sell their flats en bloc to the government before the lease expires. Since I am not doing my podcasts here to garner election votes, we can go straight to the point to unveil all the beautiful misunderstandings of HDB … [Read more...]
How the US-China Trade War is making the crazy rich Chinese poorer
Last Thursday, Donald Trump imposed new trade tariffs against China with 25 percent duties on 279 product categories worth a total of US$16 billion. China immediately responded by imposing retaliatory taxes on the same value of imported US products in 333 product categories. Who is the winner or loser in the US? For China, since the total amount of export to US … [Read more...]
Podcast Ep#11: Property Market After New Curbs
It has been a month since the introduction of the new cooling measures. In this episode, we will check the impact of higher ABSD and lower loan-to-value on the property market. 1. New Launch What are we seeing in the new launch market and what is going to happen next? 2. Collective Sale Market What is happening in the collective sale market and what are owners … [Read more...]
4 things Country Garden’s hiccups tell us about developers
Does the name Country Garden (碧桂园) sound familiar to you? If you have watched my youtube video “Mahathir, China Projects and Forest City”, you can probably recall that Country Garden is the developer behind Danga Bay and Forest City - the two controversial Johor Bahru projects in Malaysia. For the last two weeks, this largest and most aggressive property developer in … [Read more...]
Podcast Ep#10: When Overprice Becomes Oversupply
In this podcast, I will explain how all commodities, including properties, once overpriced, can eventually become oversupply. 1) Oversupply unlikely to happen? 2) Durians: From overprice to oversupply 3) The cycle of euphoria 4) When is the best time to buy? Watch the podcast below. If you want to read the script, turn on the "cc" button - the leftmost button at … [Read more...]