If you have a good memory, you may still recall that I have written to The Straits Times Forum in December last year on “Public deserves reliable, consistent data”. In URA’s reply, they mentioned about working towards making improvements to the property market data and will release the nett prices of individual units sold by developers on their website in the first half of … [Read more...]
The property market in the Year of the Goat
As we usher in the lunar new year, property enthusiasts are trying to peep into the crystal ball to see how the market will fare this year. Below are what PropertySoul.com sees in the Singapore property scene in the Year of the Goat (or Sheep). (Disclaimer: I have no vested interest in any property-related company, or influence from any individual in the real estate … [Read more...]
When property hotspots become ghost towns
The original meaning of ghost town refers to a village or a city that has once been populated but is abandoned due to bad economy, high unemployment, or natural or human-caused disasters. In recent years, the media have given ghost town a new definition: a new city that has been built and ready for resident occupation but no one moves in. It has been abandoned even before any … [Read more...]
The stick behind the dangling carrot
More than 52,000 turned up for the four-day Singapore Motorshow last week. It was not surprising given Singapore’s car-worshipping culture. Be the first to see the latest car models Two weeks ago I received an email invitation from my car manufacturer. The marketing message read like this: "(Car company) invites you to the Singapore Motorshow from 16 to 18 January. Be the … [Read more...]
3 property investment mistakes you should avoid in 2015
No matter what your new year resolutions are, it’s time you said goodbye to your bad habits in property investment. If you are buying a private home in 2015, avoid making these three common mistakes. Mistake #1: Rush in and get burnt. According to URA, there are 88,627 uncompleted private residential units (including ECs) in the pipeline. As at 3rd Quarter 2014, 28,120 … [Read more...]