The Great Singapore Sale (GSS) has been an annual event in the little red dot since 1994. However, from 2024 the Singapore Retailers Association will not organize any activity. Don’t be disappointed. Great Singapore Sale is still on. In fact, it is everywhere around us though appears in different forms. Singapore inflation under control? A month ago, a new tranche … [Read more...]
The showflat in my dreams
New project sales galleries and their showflat are very quiet these days. At most times, there are only a handful of cars parked in front, most likely driven by the agents. That is why we were in disbelief when the media told us that Hillhaven and The Arcady at Boon Keng drew 2,000 and 3,000 visitors respectively over their preview weekend. Unfortunately, the first two … [Read more...]
The most honest property developer
Which is the most honest property developer? In 2012, former CapitaLand chief executive Liew Mun Leong urged the government to regulate the building of shoebox apartments. He criticized shoebox developers for wasting Singapore’s limited land. Besides, these homes are “almost inhuman” and not good for the welfare of the family. Apparently, Liew himself grew up in a … [Read more...]
Case Studies: How private homebuyers ended up buying crap
I talked about the five miseries that unfortunate owners are facing in my last blog post. In response, there were messages from readers sharing their own sad stories. It proves that Singapore really lacks a proper platform for owners and homebuyers to voice their grievances. One of them commented that there is a 6th misery of homebuyers – poor construction quality of … [Read more...]
Podcast Ep#23: Returned Units – Who’s The Liar?
Developers have been overstating the sales results of their new projects after last July’s new cooling measures. The situation became out of control in the 4th quarter of 2018. When Credit Suisse published the report “Developer pre-sales: more than meets the eye", the trick was exposed and the truth was finally out. In this episode, we will discuss what caused the deflation … [Read more...]