To divert public attention from the recent hot topic of supply glut in the property market, The Straits Times made use of November’s new sales to give developers a face-saving headline: “New private home sales rebound in November amid supply glut: URA data”. (The Straits Times, Dec 16) The article said “Excluding ECs, developers sold 1,147 units last month, 23.2 percent more … [Read more...]
Podcast Ep#31: Should You Buy When Prices Go Lower?
With mismatch of supply and demand, many new launch projects are priced to sell. Developers are giving away more discounts. The question is: Should we buy now when prices are lower? Let’s discuss three things in this episode: 1) What are the latest prices and unsold stocks? 2) What things get cheaper even when there is inflation? 3) How long will this round of … [Read more...]
Podcast Ep#30: Where Is The Market Demand?
When we buy a home or invest in any property, there is a key question we need to ask: Where is the demand coming from? In this episode, I am going to cover the topic of supply and demand from the point of view of a fellow home buyer. Let me share with you my thoughts on two questions: 1) Who control the fate of the property market? Is it the developers, agencies, banks, … [Read more...]