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...]
4 dumb property decisions we made
Homebuyers are prone to making dumb property decisions because of human weaknesses. Hong Kong author Suhei (素黑) said human beings have five major weaknesses - greedy, confused, lazy, stubborn and dumb. We need conscience and guts to admit that we have made a mistake. However, it is not difficult for us to confess that we can be greedy, confused, lazy or stubborn at times. … [Read more...]
Know who to trust in your property decision
I must admit that I am the type of person that won’t trust others easily. Very often, I question what strangers say, especially what salespeople tell me. I am not born skeptical or cynical. It is learned over the years. After two decades investing in properties and other assets, I have my fair share of trusting the wrong source or person. There were many times I regretted … [Read more...]
How rate hikes hit developers and homebuyers
It’s the season for rate hikes. This Wednesday (July 27) the Federal Reserve raised another 0.75 basis point for second consecutive month. It vowed to go for more rate hikes to fight the battle against inflation. Taking the hint from the Fed, Singapore banks are likely to follow suit to raise rates like the previous round. After all, this was how the three local banks … [Read more...]
What’s happening in new projects and the private home market?
Allow me to start with our familiar tone of sponsored content in the media. • What Singaporeans need to know about condominium new launches • Prices of “not-so-new” developer projects after discounts may surprise you • Discover a smarter way to read the real estate market with URA’s property data • How sales performance of new projects looks like years after first … [Read more...]