Finance

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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Developer invited you to play “Project Discount”

By Property Soul To survive the cooling measures, property developers have no choice but to constantly come up with creative ways to move their units from the shelves. Buyers are a rare species Where can they find that rare species called buyers who possess all of the following? Can afford the hefty cash downpayment of units in new projects; Are …

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Should property owners be happy about the new Thomson-East Coast Line?

By Property Soul On August 15, the Land Transport Authority and Singapore Land Authority issued a joint press release that Singapore is going to have a sixth MRT line known as the Thomson-East Coast Line (TEL). This is a follow-up on the Jan 2013 announcement about the construction of two new MRT lines previously known as Thomson Line and Eastern …

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Singapore Flyer sold to Straco Leisure

By Howard Lee The iconic Singapore Flyer has been sold to Straco Leisure, a subsidiary of Straco Corporation, for S$140 million today (28 August). Mr Tim Reid, the receiver of Singapore Flyer, was quoted by media as saying that both parties are “confident that the prospects of the Flyer are extremely exciting under the new ownership”. Straco Corporation has experiencing running …

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