Recently, there is public concern over what will happen to old HDB flats with less than 60 years in their remaining lease. There are 4 important lessons we learned from this matter. I will cover them in details in this podcast: Lesson #1: HDB flats is for your stay, not for investment. Lesson #2: The days of making big profits from HDB flats are over. Lesson #3: HDB … [Read more...]
4 questions to 5 projections from DBS property report
I read with bewilderment Today newspaper's May 16 article titled “New private homes to cost up to S$2,900 psf on average by 2030: DBS report”. The five projections of DBS on Singapore’s property projections in 2030 caught my attention: 1. Singapore’s population to hit 6.3 million to 6.5 million 2. Homeowners’ incomes to grow at compound growth rate of 1.5 percent to 3.2 … [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...]
5 property advice in the Year of the Dog
We kick-started the new year with a Property Club Singapore education seminar titled “Reading Property Signs in the Year of the Dog”. I used the occasion to share with the audience the property strategies for homebuyers and investors in the year of the earth dog. The presentation can be summed up with five key property advice. Advice #1: It’s all but a tail-chasing … [Read more...]
Should Singaporeans be grateful for property cooling measures?
Singapore’s Second Minister for Finance Lawrence Wong said in a Bloomberg TV interview that the government hasn’t “made any movement in the budget” to relax the property cooling measures because “demand remains very resilient” and “property volume in terms of transactions have increased and not decreased”. Sacrificing housing affordability for foreign … [Read more...]