To survive the cooling measures, property developers have no choice but to constantly come up with creative ways to move their units from the shelves. Buyers are a rare species Where can they find that rare species called buyers who possess all of the following? - Can afford the hefty cash downpayment of units in new projects; - Are willing to pay 5, 7, 10 or 15 percent … [Read more...]
Is Jurong Lake District the next hotspot for property hunting?
I have to admit that Prime Minister Lee Hsien Loong’s 10th National Day Rally speech failed to get my attention the whole time. But the moment when I heard our PM said "I thought tonight I should show ... Jurong Lake - at sunset", my heart immediately skipped a beat. He devoted a big part of his speech to paint a heavenly picture of the Jurong Lake District, followed by all … [Read more...]
How Australian properties are marketed to Singapore investors
A journalist from The Sydney Morning Herald contacted me in mid-June to find out more about the recent trend of Singaporeans snapping up Australian properties. The article "Singaporean investors hungry for a piece of the Australian housing market" was finally published in the paper on July 26, 2014. It is about Singapore property buyers flocking down under for properties … [Read more...]
Property Great Singapore Sale: To buy or to wait?
The annual GSS (Great Singapore Sale) may have started only on May 25. But for property new launches, the GSS started much earlier. The sale is now on With the steam of an overheated property market dying down, the buzz has now shifted to developers playing discount games to push new projects or clear old stock. With so many 'great deals', buyers are spoiled for … [Read more...]
It’s not easy to profit from your home
From 10 March 2014, the Housing Development Board only accepts valuation requests from resale flat buyers or their property agents after granting the Option to Purchase by the sellers. The Revised HDB Resale Procedure is believed to encourage buyers and sellers to focus their price discussions on the recent sales transactions, rather than the Cash Over Valuation (COV) that … [Read more...]