The Great Singapore Sale (GSS) has been an annual event in the little red dot since 1994. However, from 2024 the Singapore Retailers Association will not organize any activity. Don’t be disappointed. Great Singapore Sale is still on. In fact, it is everywhere around us though appears in different forms. Singapore inflation under control? A month ago, a new tranche … [Read more...]
2024 new private home market mid-year review
Half of 2024 is gone in the blink of an eye. Is life treating you well so far? My two 2024 family objectives have been accomplished. To ensure my younger child settle well in secondary school and to spend maximum time with the older one before she goes university. I had more personal time in the first half of 2024. Thanks to the quiet real estate market. Homebuyers: … [Read more...]
Money laundering and weak demand plague private home market
Singapore’s private home market was a pool of stagnant water in the last two months. We can’t blame developers for holding back new launches for three months. After all, it was traumatic in mid-August to sell only 53 units across three new projects during the same first launch weekend. Thanks to high interest rates. Resales volumes are no better. After it peaked eight … [Read more...]
Where’s the property market now and what’s next
The property market suddenly runs out of steam: Transaction volumes drop much lower. The private home for sale market is quiet. Condo rental deals also take much longer to close. Even property agents are taken by surprise. What is happening in the property market? How did it happen? Was it because of the 0.4 percent price fall in 2nd quarter flash estimate … [Read more...]
Why people miss the big picture
If you observed the property market long enough, you would notice that homebuyers and investors tend to go with the flow. Many are ready to trust what others said and follow what most people do. However, believing a half-truth is what makes people lose sight of the big picture. We are often carried away by what is happening at this moment. After reading some headlines in the … [Read more...]