The radio is playing Cher’s “If I Could Turn Back Time” when an email from a blog reader popped up on my screen, “Property Soul You’ve Got Mail.” It’s another message about a home buyer’s remorse. Every week there are so many messages on disappointment and regret after buying properties. They all go like this: “I wish I had … before I bought …” “Why didn’t … [Read more...]
Who said property cooling measures may never be lifted?
I read with bewilderment the article from Singapore Property Review titled “An inconvenient truth: Property curbs may never be lifted, analysts warn”. “The report argued that unless property prices plunge suddenly and dramatically, buying curbs may not be lifted in order to substantially reduce Singapore's unhealthy fixation with real estate.” This remark from the Maybank Kim … [Read more...]
Say it until it comes true
In my twelve years studying in a Catholic girls school, I was taught to pray if I need to. Till today, whenever I run into troubles, I just keep praying. And I also visit different temples to say the same prayer just in case. I believe that, in the end, some God will do something. It may have nothing to do with my devotion, but the fact that God just can’t stand my nagging any … [Read more...]
How far can pigs fly?
On October 17, National Development Minister Lawrence Wong told the press that it is still not time yet to unwind the cooling measures. Price adjustments so far have been moderate compared to the increase in prices in the past few years. Price corrections are moderate So how “moderate” is price adjustments? Have price corrections been “meaningful” so far? According to URA, … [Read more...]
Developer invited you to play Project Discount
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...]