Me too strategy is a plan of action that hardly has any differentiation from the mainstream. In other words, one follows what looks popular, or do what everybody else is doing. The reason to adopt me too strategy is often the effect of herd mentality. Me too strategy is widely adopted in the Little Red Dot, especially during property purchase. Why do Singaporeans like to … [Read more...]
Why we only buy when prices are high
The title of this blog post is not meant to be sarcastic. It is about human nature to follow the herd, especially the irrational urge to buy something when prices are high. A second-hand HDB home for over a million? Our local media have the tendency to report properties that were recently sold at an unbelievably high price. Or the purchase price had just set a new … [Read more...]
Podcast Ep#21: Four Property Lessons Learned Last Year
Singapore private residential property market finally has its full year report card when URA released real estate statistics for 4th quarter 2018 early this week. As the year of the dog is coming to a close, let’s review the performance of the housing market and the four lessons we learned last year in this youtube video: Lesson 1: You can’t wrap fire in paper Lesson 2: … [Read more...]
When home ownership is a religion
Our Prime Minister said home ownership is Singapore’s key national policy. A high home ownership rate of 90 percent has improved the lives of Singaporeans significantly. It allows us to enjoy the fruit of the country’s economic growth. It also gives us a stake in the country and something to fight for. Did our leader have to emphasize this if all Singaporeans can see … [Read more...]
Podcast Ep#16: Should I Buy Resale HDB Now?
Are you currently looking to buy a home for your own stay? Should you buy resale HDB flats? Let’s discuss it in this podcast. We will cover four main topics in the video: 1. Will HDB resale prices continue to fall? 2. Why more are buying HDB resale flats? 3. Which property types should you buy? 4. What about the age of HDB flats? You can now watch the podcast … [Read more...]