The following article is an excerpt from my book No B.S. Guide to Property Investment - currently No. 2 in Kinokuniya Monthly Bestsellers (Finance & Investment) and No. 10 in Times Bookstore Non-Fiction Weekly Bestsellers as of last week. Donald Trump has this to say about mortgages in his book Trump: Think Like a Billionaire: "Never accept a first offer, and always … [Read more...]
Why developers can sell at future prices
Do you ever wonder why new projects from developers are able to command a large premium in asking price, sometimes up to fifty percent higher than nearby projects built in recent years? Below is an abstract from my interview with a VIP customer (as compared to the usual retail buyers). Me : How do you manage to buy before everyone do? VIP: After developers set the prices, … [Read more...]
Buying properties in your child’s name
With soaring property prices and unceasing cooling measures, more buyers are considering buying their second or third property under their children's names. Here are some of the reasons: 1) Buy for the next generation just in case they can't afford one in the future. 2) Buy it under a child who hasn't bought any property to avoid paying ABSD (Additional Buyer Stamp … [Read more...]