Finance

Labour market visibility for effective labour market policy

By Jeremy Chen Labour Market Testing (LMT), as implemented by the PAP government, is an unqualified failure. Its policy intent to ensure that Singaporeans are “fairly considered” for jobs is unenforceable and only weakly supported by “moral suasion”. Commentators have characterized the Fair Consideration Framework (FCF) as a labour market regulation whose only tangible impact is imposing a (short) delay. …

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When housing becomes unaffordable for the next generation

By Property Soul Just came back after spending five days in Hong Kong. During the daytime, we didn’t go to any popular sightseeing place except meeting up with friends and relatives. In the evenings, we went back to the hotel to watch the news on TV about the Occupy Central pro-democracy movement. A visit to the occupied zone With clashes …

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Buying property as a gift

By Property Soul A Singaporean man is suing his ex-lover for the return of gifts given to her during their courtship, including $340,000 for a condominium unit bought under the woman’s name. The ex-lover defended that he offered the property to her as a gift. He only asked for its return when their relationship turned soured. On the other hand, …

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Achieving a meaningful market correction of property prices

By Property Soul Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam told the press that there is “some distance to go in achieving a meaningful correction”, hinting that the property cooling measures are here to stay. I am surprised by Mr Tharman’s creative use of the word ‘meaningful’. It is an adjective or a descriptive word that leaves much room …

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Property survey: Only 5 percent say they are buying now

By Property Soul With developers rushing to launch or re-launch new and existing projects ahead of the festive season, the Saturday after the Hari Raya Haji public holiday saw twenty-two property advertisements in the Straits Times marketing local property projects. Despite aggressive marketing by developers, the PropertySoul.com Blog Readership Survey revealed that only five percent are saying that they are …

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Seven tactics to maximize the return of your investment property

By Property Soul (This article is extracted from my book No B.S. Guide to Property Investment, a bestseller at Kinokuniya and Times bookstores.) As an investor, you have two major objectives when you are holding your property: To generate an optimal return from your investment; andTo increase its value to be sold at a good profit in the future. To increase …

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To launch or not to launch, that is the question

By Property Soul Last night, I asked you whether you are married or not. There was dead air for ten seconds before you replied “I still consider myself single”. I was expecting a simple yes or no answer from you. This marital status question from my heart only offers two options: single or married, or at most with two more …

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Six reasons why property is not an antifragile investment

By Property Soul It was exciting to see Nassim Nicholas Taleb presenting “Antifragility: Gaining From Volatility, Stress And Disorder” in the open space outside National Library last Wednesday. Like a loyal fan longing to meet her idol, it made my day when I managed to get his autograph at the end of the session. (P.S. I hope that I can …

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Tough times ahead for Iskandar and Malaysia properties

By Property Soul Disclaimer: 1. The following blog post is not likely to be reposted or republished in any online media or property portals – particularly those advertising Iskandar and Malaysia properties, or organizing property shows for these properties. Expect to read this in PropertySoul.com only. 2. Without any new project to launch, any commission from buyers or any advertising …

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A retirement haven at a quarter of our cost of living?

By Leong Sze Hian Maximise our retirement dollars? A reader asked me if I could try to write about retiring in another country, in order to make our money work harder in our retirement. After all, life may not just be about saving, accumulating, investing – but perhaps by making our “retirement” cost of living much lower to maximise our …

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