One of the questions I frequently receive from my blog readers is: Do you think I should buy an HDB flat or a condo unit? The question often comes after they disclose their age, their spouse and children’s age, their household income, outstanding loan and bank savings. If you have the same question in mind, you don’t have to share with me your credit history or tell me your … [Read more...]
Podcast Ep#9: The Truth Behind The New Curbs
Here comes part two of the new cooling measures show with the government raising five percent Additional Buyer Stamp Duty and lowering five percent for Loan-to-Value on July 5. In the midst of frantic last-minute buyers and discontented industry stakeholders, let me show you the true picture in this video: 1. How analysts prove to be the worst predictors again? 2. … [Read more...]
New cooling measures: The show has just begun
What a roller-coaster week for Singapore’s real estate market. It is a surprisingly well-coordinated good show put up by the Singapore government, complemented by the parts played by different stakeholders in the industry, with an unexpected ending of the cooling measures announcement. The show leading to the announcement Day 1: URA Q2 Estimate and PropNex IPO The … [Read more...]
5 property buying mistakes buyers can’t stop making
British novelist Joe Abercrombie once said, "I have learned all kinds of things from my many mistakes. The one thing I never learn is to stop making them." To err is human. To repeat the same mistake is human weakness. Out of all the property buying mistakes that home buyers can make, it is not difficult to notice five faults that buyers keep committing over and over … [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...]