Am I buying above valuation? That is the question clients asked me lately in our one-to-one property consultation sessions. Buyers often mix up a home’s asking price and fair valuation. Many cannot tell the difference between price and value. In short, price is what we pay for something and value is what it is really worth. Valuation is different for homebuyers and … [Read more...]
4 reasons behind the loss of appetite for private homes
Last Monday (August 29), there was an article in The Straits Times titled “Drop in appetite for private homes among some HDB owners”. It said HDB upgraders’ love affair with private properties has cooled in the first half of this year. According to URA’s data, buyers with HDB addresses only bought 3,649 new and resale non-landed private homes. The figure was down 26.2 … [Read more...]
More investors are playing Russian roulette
It has been eight months since the first Singapore Covid-19 case was reported on January 23. Together with the rest of the world, we have gone through different scale of travel restriction, country lockdown, shop closure, unemployment and recession. Under the threat of Covid-19, a growing group of fearless investors still stand tall to prove that they are true-blue market … [Read more...]
The common traits of banks
If you understand something about banks, you may notice that they have a few common traits: 1. When you least think of them, they contact you most (with cold calls). 2. When you don’t want to see them, they want to reach you (to collect outstanding loan). 3. When you need them the least, they want to lend you the most. 4. When you need them the most, they want to lend you … [Read more...]