Author: Property Soul

Buying trophy properties in a country

Before Chinese New Year, hubby told me he had prepared new banknotes and red packets like what he did every year. I also passed him the red packets from my relationship manager. “We can’t use those. Mine are special ones. I have to schedule an appointment at their priority banking branch in Orchard to collect these. See, they are all printed with the name of their priority banking brand.” I immediately checked my red packets. They were in four nice designs. But none of them indicated that I am a VIP customer. I also noticed that hubby’s special red...

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Podcast Ep#21: Four Property Lessons Learned Last Year

Singapore private residential property market finally has its full year report card when URA released real estate statistics for 4th quarter 2018 early this week. As the year of the dog is coming to a close, let’s review the performance of the housing market and the four lessons we learned last year in this youtube video: Lesson 1: You can’t wrap fire in paper Lesson 2: Never lose your head over FOMO Lesson 3: Developers’ stomach isn’t a bottomless pit Lesson 4: Your home can be a depreciating liability You can now watch the podcast below. If you want...

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2019 Property Strategies Presentation Videos

Last Saturday, over 100 attended the Year of the Pig Property Strategies Seminar. It is the quality rather than the quantity that we value more. We all know the difference between a paid neutral property seminar and a free sales-pitch talk: You attract participants with completely different background, experience and discernment. Our attendees know exactly what they can expect out of this seminar. Just like the way they know what they are looking for in properties. Same as previous years, they all arrived punctually so we could all start on time at 10.30 a.m. Many came with their property...

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2019 Resolution: Practice financial discipline

Do you have a new year resolution for 2019? I think most people do. A common goal for many is to lose weight and stay fit. Today has an article on Ministry of Health’s vision to help us “live long, live well and with peace of mind”. To lower obesity or diabetes rates, our government will introduce sugar tax. It is fine. Fresh and healthy drinks don’t need sugar to sweeten the taste. Just like reasonably-priced properties don’t need gimmicks to sweeten the deal. The government will also raise legal smoking age every year up to twenty-one by 2021....

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Quick Poll: New launch project to cover here

I am updating my presentation content for the How to Buy Good Quality Properties Workshop held next Saturday (January 12). As usual, I will show participants how to read a property brochure and pick the best unit in the whole project in 5 minutes – by studying the environment, siteplan and floorplans. Since I don’t make any commission out of marketing properties, I will be very straightforward in highlighting things that property agents won’t tell buyers, especially poor location, bad facing, undesirable object, fengshui taboo, impractical design and bad layout. In other words, what kind of houses, projects, blocks...

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To compromise for what?

There are two questions I often get from my blog readers and workshop participants. “You said you only buy an investment property if the yield is 5 percent after expenses. I have gone for many flat viewings but can’t find anything that fits that requirement. Most only offer 1 to 2 percent. Some are even negative. Do you think it is still realistic to look for 5 percent these days?” I don’t know about you. But I am investing my hard-earned money. Unless I am very sure I can make money the moment I buy, I won’t easily part...

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2019 Year of the pig property strategies

I have been running a property strategy seminar at the beginning of the year in the past three years. The encouraging response kept me going. Since this November, I have been thinking whether I should do it again in 2019. How we can do it differently this time. We need new speakers and more exciting topics. In early December, I finally plucked up my courage to contact Mr Ku Swee Yong, CEO of International Property Advisor. Yes, I need a lot of courage to approach someone who is much more knowledgeable than me about the local property scene, and...

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2019 Year of the pig property strategies

I have been running a property strategy seminar at the beginning of the year in the past three years. The encouraging response kept me going. Since this November, I have been thinking whether I should do it again in 2019. How we can do it differently this time. We need new speakers and more exciting topics. In early December, I finally plucked up my courage to contact Mr Ku Swee Yong, CEO of International Property Advisor. Yes, I need a lot of courage to approach someone who is much more knowledgeable than me about the local property scene, and...

Read More

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 from $1,239 psf” – a 10 percent discount from the launch price of $1,380 psf. Over at Daintree Residence sales gallery, Setia offered free lunch and baking demonstration to draw visitors. The developer is also giving away $318,000 as...

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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 from $1,239 psf” – a 10 percent discount from the launch price of $1,380 psf. Over at Daintree Residence sales gallery, Setia offered free lunch and baking demonstration to draw visitors. The developer is also giving away $318,000 as...

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Podcast Ep#20: Another Crap Property News

We have regulations in Singapore governing the property industry. But we don’t have any guidelines in Singapore monitoring the property news. That’s why we see misleading headlines, biased statements and hard-sell advertorials flying everywhere. Last week, there is another piece of crap property news seen all over the place. Let’s cut the crap here and get to the truth in this video. I will share with you five things in the podcast: 1) Who started all these crap? 2) Why we crave for country rankings? 3) How objective is the report? 4) How they built a virtual office market?...

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Podcast Ep#20: Another Crap Property News

We have regulations in Singapore governing the property industry. But we don’t have any guidelines in Singapore monitoring the property news. That’s why we see misleading headlines, biased statements and hard-sell advertorials flying everywhere. Last week, there is another piece of crap property news seen all over the place. Let’s cut the crap here and get to the truth in this video. I will share with you five things in the podcast: 1) Who started all these crap? 2) Why we crave for country rankings? 3) How objective is the report? 4) How they built a virtual office market?...

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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 between a good versus a bad time to buy. You don’t have to wait until there is blood everywhere in the street to buy. But you don’t buy when the time is not right. The end of a legendary...

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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 between a good versus a bad time to buy. You don’t have to wait until there is blood everywhere in the street to buy. But you don’t buy when the time is not right. The end of a legendary property...

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Podcast Ep#19: How Reliable Are Property Data?

Every day we read in the media all sorts of property data, research findings and market forecasts. They come from different organisations, authorities, industry stakeholders or government departments. Have you ever wondered how these people come up with those numbers and insights? How reliable are the information and data they provide? Can you trust the official property data released by the government? I will share with you how the Chinese provincial governments manipulated property price data to show perpetual market growth that fooled all the western media except the Chinese themselves. We are going to discuss the following in...

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