We all heard of the saying “cash is king”. It is especially true at this point of time. To cope with rising inflation, the Monetary Authority of Singapore has gone ahead with three rounds of monetary tightening. Each round resulted in further reduction of money supply. Suddenly, cash becomes precious. Everywhere people are looking for cash now. The old trick of money … [Read more...]
Do you buy properties with a scarcity mindset?
Fear is a much more powerful sales strategy than greed. It doesn't matter whether you are creating needs, doing negotiations or closing deals. If you know how to play with the FOMO phobia and manipulate the scarcity mindset of the other party, your chance of winning is high. That is why property agents tell you that you must make that buy decision right away. If you are … [Read more...]
What retirement planning has taught me
Long-time readers would know the reason why I set up this blog twelve years ago. It was to create a platform to share experiences and exchange ideas with fellow property investors. Gradually, I got many emails from people telling me the stories of their regrettable property purchase. Then I started writing about tricks and traps of this not-so-transparent real estate industry. … [Read more...]
Scams: Everything is fake, except the crook
Under the new normal, Singaporeans are not only learning to live with Covid-19, but also to live with scams. With lockdowns around the world, the businesses of criminals are affected by social gathering restrictions, nightspot closures and logistic disruptions. To make up for the shortfall, organized crimes are driven online for alternative sources of income. More … [Read more...]
Case Studies: How private homebuyers ended up buying crap
I talked about the five miseries that unfortunate owners are facing in my last blog post. In response, there were messages from readers sharing their own sad stories. It proves that Singapore really lacks a proper platform for owners and homebuyers to voice their grievances. One of them commented that there is a 6th misery of homebuyers – poor construction quality of … [Read more...]