Property Soul

3 property statements that don’t hold water

I always believe that there are things best leave it to the professionals, such as legal and taxation matters. On the other hand, there are things best to be managed on your own, especially when it comes to finance and investment. I immediately struck a chord with Andrew Craig when I read his book How to Own the World: A …

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Case Study: A curious case of “no money down” property schemes

We present the case of John and his parents. John is an undergraduate student who has taken finance and investment classes that cover a range of asset-types, including real estate. During a family dinner, when discussing a module that John was taking in the university, Real Estate Investments and Finance, his parents divulged that they have made a real estate …

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Buying trophy properties in a country

Before Chinese New Year, hubby told me he had prepared new banknotes and red packets like what he did every year. I also passed him the red packets from my relationship manager. “We can’t use those. Mine are special ones. I have to schedule an appointment at their priority banking branch in Orchard to collect these. See, they are all …

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The journey to financial freedom: My personal story

I just read the book Financial Freedom: Talks With People Who Don’t Have To Work Anymore. The author Gisela Enders interviewed seven Germans who generate enough income from investments to cover their living expenses so they no longer have to work for money. It was originally written in German and being translated into English. (Which European will talk to strangers …

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Is home ownership for everyone?

The Singapore government is planning to reach out to 1,000 HDB rental-flat families to help them buy their own flats. The scheme aims to mitigate income inequality and uplift lower-income families because “home ownership is key to providing stability and progress for families in the long run”. A Home Ownership Support Team will be set up to provide stronger, personalised …

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Property investment tricks revealed

Recently, I received many messages from my blog followers asking me to comment on some social media ads promoting free property seminars and investment schemes. When the market is dead quiet, it is not surprising to see frequent appearance of such ads. Although Singapore’s real estate market is licensed by CEA and regulated by URA, cleaning up of the industry …

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The SOS Guide to breaking the lottery curse

Last Friday, two lucky winners split the $13.6 million prize money from the Toto Hongbao draw. If you were one of them, what would you do with the $6.8 million windfall? For Singaporeans, we would probably pay off our loans first. Then go buy a nice house and a luxury car. Afterall, we are a car proud and property obsessed …

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Developers have lowered prices. So what?

When everyone is busy with Christmas shopping and year-end travels, developers are trying one last shot to clear as many units as possible from their new launch projects before Christmas. Over the weekend, City Developments targeted young families with workshops for kids at Whistler Grand and The Tapestry sales galleries. The advertisement of Whistler Grand said units are “irresistibly priced …

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Property investment is all about timing

When I presented “When Is The Best Time To Buy or Sell?” in September’s SMART Expo, I talked about timing in property investment. I mentioned that property agents often tell you it is impossible to time the market. You may not be able to time the market. But you can never be too good if you can’t tell the difference …

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New launch returned units and 3 mysterious cases

It all started with long queues at the shopping mall roadshow. It took us some time to realize that people are not queuing for popular food or warehouse sale, but for the trackers of National Steps Challenge Season 4 – an initiative by the Health Promotion Board to encourage Singaporeans to be physically active. Getting fit or getting freebies? The …

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