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Property

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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Property agent: Very difficult to find buyers for aging HDB flats now

Property Update published an article on Monday (29 Oct) revealing that the value of old 3-room HDB flats in Toa Payoh has dropped by as much as 30 percent in the past few years. These are old flats with about 50 years of lease left. The writer, Timothy Quek, is a property agent. He said, "As a property agent specializing …

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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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Why would the government lose money in sale of HDB flats?

The Housing Development Board (HDB) reported on Mon (22 Oct) that it had incurred an overall deficit of $1.7 billion in the last FY. In 2013, then National Development Minister Khaw Boon Wan explained that HDB actually has to pay the government for land to build HDB flats. He said the price of land is tied to acquisition costs, reclamation …

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A new Orchard Road on the horizon, says Senior Minister Chee Hong Tat

Orchard Road is in line for a revamp, says Senior Minister of State for Ministry of Trade & Industry Chee Hong Tat at ITB Asia 2018 on 17th October. As part of the latest strategies to attract tourist to Singapore, Mr Chee said that plans are being made to transform Singapore’s famed Orchard Road into more than just a shopping …

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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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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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Nine new precincts participate in pilot Business Improvement District (BID) programme

Nine new precincts will be participating in the Urban Redevelopment Authority’s (URA) pilot Business Improvement District (BID) programme to drive place management of their precincts. Announced at the annual Place Management Seminar organised by the URA, Minister for National Development and Second Minister for Finance Lawrence Wong stated that with more active participation by stakeholders, the public can look forward …

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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 …

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