When I presented “When Is The Best Time To Buy or Sell?” in September’s SMART Expo, I talked about timing in property investment. I mentioned that property agents often tell you it is impossible to time the market. You may not be able to time the market. But you can never be too good if you can’t tell the difference between a good versus a bad time to buy. You don’t have … [Read more...]
Chinese developers: Who exactly are they?
Since the start of the year, cash-rich property developers from mainland China have been actively participating in Government Land Sales (GLS) tenders. Aiming to expand their footprint in Singapore, they have set new records in bidding prices for residential sites. This is no doubt a big windfall for the government. But not for local developers who may be involuntarily … [Read more...]
When property hotspots become ghost towns
The original meaning of ghost town refers to a village or a city that has once been populated but is abandoned due to bad economy, high unemployment, or natural or human-caused disasters. In recent years, the media have given ghost town a new definition: a new city that has been built and ready for resident occupation but no one moves in. It has been abandoned even before any … [Read more...]