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Property

Young lawyer at 28 already saddled with $1.1 million mortgage loan

South China Morning Post reported yesterday that as the era of ultra-low interest rates is over, Singaporeans with home mortgage payments are now feeling the pinch ('What rising interest rates mean for Singapore property', 25 Dec). Indeed, last Wed (19 Dec), the US Federal Reserve raised the benchmark interest rate again, the 4th time this year, which sent Wall Street …

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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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Govt has exciting plans for Tanjong Pagar after port moves to Tuas

The recent maritime dispute between Singapore and Malaysia has put a spotlight on Singapore's land reclamation at Tuas. Last Thu (6 Dec), Transport Minister Khaw Boon Wan dismissed Malaysia’s argument that Singapore cannot claim the disputed waters on the basis of its reclamation works in Tuas in recent years. Reclamation at Tuas has nothing to do with maritime boundary dispute, …

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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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MND releases first half of 2019 Government Land Sales (GLS) Programme

The Ministry of National Development (MND) on Thursday (6 Dec), said it has decided to moderate the total supply of private residential units for the first half of 2019 Government Land Sales (GLS) Programme as the the demand of private housing units has started to moderate. it stated that the Government will continue to monitor the property market closely and adjust …

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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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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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