fbpx

Property Soul

When developer’s new launch becomes emperor’s new clothes

In my latest youtube video “What Q3 Property Data Tell Us”, I mentioned that developers are not doing so well after the July cooling measures, even though they learn to face the reality that buyers are limited and start lowering prices at new launch. How bad are new launches doing? End of September, Qingjian Realty’s 27 percent sales (330 out …

Read More »

The 7 kinds of property investor animals

I totally enjoy the new property workshop on Finding and Managing Residential Rental Properties held last Sunday at the National Library. The participants were seated in cluster groups to facilitate interactions and discussions. We started by introducing ourselves to everyone and identified our property investing style with different animals. In general, there are seven common types of investor animals in …

Read More »

How to spot property gems and make them shine

Forget about what marketers bluff about hidden gems in the property market. We can never be too good doing anything for the first time, especially when it comes to investment. With lack of knowledge and experience, we can have all the money in the world, but still end up buying a lousy property which turns out to be an underperformer …

Read More »

When home ownership is a religion

Our Prime Minister said home ownership is Singapore’s key national policy. A high homeownership rate of 90 percent has improved the lives of Singaporeans significantly. It allows us to enjoy the fruit of the country’s economic growth. It also gives us a stake in the country and something to fight for. Did our leader have to emphasize this if all …

Read More »

Why you need to be contrarians in property investment

In the preface of No B.S. Guide to Property Investment, I mentioned the reason why I wrote the book. I bought my first few properties in the early and mid-2000s during the economic downturn. Back then, there was not much public interest or media coverage of properties. I couldn’t find any good book on buying properties in Singapore. I thought …

Read More »

Accept that Singapore has the world’s lowest fertility rate

Last Friday a Straits Times article said Singapore’s total fertility rate plunged to a seven-year low of 1.16 last year. It is well below the replacement rate of 2.1. Do you know that Singapore has the lowest fertility rate in the world? According to the 2017 World Factbook published by the Central Intelligence Agency, the four countries with the lowest …

Read More »

Property news? Always question what they tell you

Have you read this week’s property news about sales of JadeScape on the first weekend? It is interesting to see an unanimous celebratory mood in the headlines and content across similar articles in The Straits Times, Business Times, The New Paper, PropertyGuru, iProperty, EdgeProp and Yahoo News. Strong sales, encouraging results, market confidence and new benchmark are positive words shared …

Read More »

Financial crisis coming? We haven’t learned from the last one yet!

Ten years have passed since the collapse of Lehman Brothers. Did the world learn anything from the 2008 financial crisis? Are we heading for the next economic disaster? Rush in quick. Get out fast Speaking to CNBC’s "Crisis on Wall Street: The Week That Shook the World" documentary, Warren Buffet commented that another financial crisis is inevitable because of human …

Read More »

6 gimmicks agents use to sell foreign properties

I watched a recent Hong Kong TV programme about buying properties in Malaysia’s Penang. It was a big surprise to see real estate in Penang being positioned as investment properties. To Hong Kong people, Penang is a beach holiday destination in Southeast Asia similar to resort places like Phuket or Bali. Foreigners go there to buy their holiday or retirement …

Read More »

Forest City proves buying an overseas home is to buy a cat in a sack

Malaysia leader Mahathir Mohamad organized a five-day official visit to China. Besides asking China to withhold two major Chinese infrastructure projects, an agreement was reached to directly import the whole fruit of Malaysian durians to China. As early as 2019, thousand tons of Mao Shan Wang will be exported to different provinces in mainland China. Foreigners are not welcome While …

Read More »