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Property Soul

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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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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