What do you think is the biggest weakness of buyers when they shop for properties? Lack of experience? Insufficient fund? Age disadvantage? Resident status? Non 1st-time buyer? Not really. For any of the above problems, there is still a way out. The biggest weakness of property buyers is their lack of independent thinking. It is the lack of capability to think for … [Read more...]
The mentality of the rich
Do you agree that rich people are often misers? Maybe the difficult route to great fortune makes them more reluctant to part with their money. Or perhaps they come from a humble background. One day when they have money, they will treasure every dollar in their pocket. But I think the real reason is: the truly wealthy understand the difference between Price and … [Read more...]
The impact of media in properties
Since the release of the 7th round of property cooling measures, do you notice the media's pessimistic view on the near future of the property market? The fact is: Most people do not have the ability to judge what have just been thrown at them. They look around for others, for people who seem to have the authority or the experience, to tell them what is really going … [Read more...]
A roof over their heads
Last Sunday we drove to Malaysia to attend a funeral. On our way to the burial ground, my father-in-law pointed at a small shabby hut along the roadside. On the same street were a few simple stilt houses, all looked more elaborate than this humble place. "Look, this was the house where I grew up. My whole family of eight lived under the same roof." My father-in-law came … [Read more...]
The ‘now or never’ sales pitch
"Leave your money in the bank and it will be eroded by inflation. To beat inflation, you have no choice but ... " "If you don't buy now, tomorrow you will see prices continue to go up - until you can't afford it ... " "This is the last unit left that fits your budget and criteria. But we already have a few buyers waiting to submit their cheque. If you can't make a decision … [Read more...]