Disclaimer: This article is not sponsored by the Central Provident Fund Board. Although I am grateful that my 3-3-5 rule was endorsed by CPF 3 years ago, I am not obliged to return the favor by encouraging the public to deposit spare cash into their CPF account. All views expressed in this post are my personal opinions. Readers are advised to refer to the CPF website for … [Read more...]
More investors are playing Russian roulette
It has been eight months since the first Singapore Covid-19 case was reported on January 23. Together with the rest of the world, we have gone through different scale of travel restriction, country lockdown, shop closure, unemployment and recession. Under the threat of Covid-19, a growing group of fearless investors still stand tall to prove that they are true-blue market … [Read more...]
Podcast Ep#44: Three Property Delusions Under Covid-19
Under the threat of Covid-19, there are 3 questionable sayings circulating in the property market: 1) Government should lift unnecessary cooling measures during this difficult time. 2) A low or zero interest rate from the banks will provide cheap money for property investors. 3) With the easing of the circuit breaker, things will go back to normal and the market will … [Read more...]
Why unemployment is the real killer in the property game
Last Wednesday Federal Reserve announced a quarter-point rate hike as the industry has expected. This is the second approved raise by the central bank this year. There will still be a third round most likely in September. Why rate hike is not a big concern But who cares about the raise of a quarter point? Banks don’t need any excuse to raise interest rate. Mortgage … [Read more...]
Keeping the Singapore property dream alive
Business Times published a property feature yesterday that highlights ‘the seven year itch’ of Singaporeans to invest in properties. The property itch is in the DNA of Singaporeans who like new launches and equate owning properties with being rich. Properties represent a significant portion in the wealth of Singaporeans. The performance of the local property market is a … [Read more...]