If you are planning to buy your 1st private home, you should watch this video. It will answer some common questions from 1st time buyers like you: 1. What should you do before you buy? 2. What should you buy for the 1st time? 3. What projects should you buy: new launch or resale? 4. How do you know you can afford it? 5. How many homes should you view before you buy? 6. … [Read more...]
3 common lies property agents tell you
Last month, a PropNex agent was fined S$30,000 and suspended for 12 months by the Council for Estate Agencies (CEA) for being unprofessional and unethical in a property transaction (The Straits Times, Oct 21). The agent in question was found to be telling lies and faking offers and counter-offers in order to pocket a higher commission - simply because he failed to negotiate for … [Read more...]
Podcast Ep#13: Should I Buy HDB or Condo?
One of the questions I frequently receive from my blog readers is: Do you think I should buy an HDB flat or a condo unit? The question often comes after they disclose their age, their spouse and children’s age, their household income, outstanding loan and bank savings. If you have the same question in mind, you don’t have to share with me your credit history or tell me your … [Read more...]
How easy is it for Singaporeans to fall victim to herd mentality?
We were waiting for the lift in a shopping mall. Only two lifts were in service for the whole building, including the top few parking levels. More people joined us after they parked their cars. Two families moved next to us. Another three groups stood right behind. The lift on the right was full after it reached the fourth storey. Instead of continuing to go up, it … [Read more...]
Is property the reason why Singapore is not among the happiest countries in the world?
As we are near the end of the first quarter in 2018, we take a look back and see how the year has started on a happy note. Singapore’s GDP grows 3.5 percent in 2017. Salaries are expected to rise 3.9 percent this year. The stock market continues to close at new record highs. An en bloc deal is closed every other week, the latest being the second-largest ever recorded sale of … [Read more...]