Author: Property Soul

MAS makes commentators look foolish again

Last Thursday, Managing Director of Monetary Authority of Singapore (MAS) Ravi Menon mentioned at the annual report media conference that it is “not time yet to ease the cooling measures”, “they remain necessary” and “easing the measures now would send a wrong signal”. 10 Sorry, cooling measures are to stay Menon cited two reasons for the decision: 1) Good pick-up of recent project launches under low interest rate environment; and 2) Increased tightening of property buying restrictions in other countries. Menon emphasized that “property prices should be aligned with broader income trends in the economy and the government will not...

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Speaking at Investors Exchange on July 29

am one of the seven financial investment writers or bloggers invited to speak at Investors Exchange 2017 on July 29. The half-day Investors Exchange seminars are organized by BIGScribe with the objective to offer small retail investors useful investment advice and concepts from successful investors. The event is running for the 4th time. Every time the seats are sold out well before the event date. Early bird discount of S$49 is available till Saturday (July 8). Act fast! Event: Investors Exchange 2017 Date: July 29, 2017 (Sat) 1 p.m. to 5 p.m. Venue: DBS Auditorium, Marina Bay Financial Centre Tower 3, Level...

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4 traits of millennial homebuyers and how they impact properties

Still remember my previous blog post “3 disruptive trends that will forever change the property industry”? There is a fourth trend on millennial homebuyers. Millennials (not the yellow color “minions” in the Despicable Me movie) are also known as Generation Y. They are referred to those who are born between 1982 and 2004 (or between 13 to 35 years old). Every serious industry stakeholder who cares about the future of the property industry must spend some time understand about millennials. Because this group will soon become the cornerstone of our society and the main supporter of our economy. As...

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Why unemployment is the real killer in the property game

Last Wednesday Federal Reserve announced a quarter-point rate hike as the industry has expected. This is the second approved raise by the central bank this year. There will still be a third round most likely in September. Why rate hike is not a big concern But who cares about the raise of a quarter point? Banks don’t need any excuse to raise interest rate. Mortgage payers may already be used to the banks sending them occasional mail on revised interest rates and increased installments, which are made effective next month, immediately, or backdated a month ago. How we wish...

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3 disruptive trends that will forever change the property industry

Two months ago at SMART Expo, I spoke about ‘5 Disruptive Trends That Are Changing the Singapore Property Industry’. In my presentation, I shared with the audience how digital technologies like Big Data, Fintech, Virtual Reality and Smart Homes are reshaping the Singapore property market, while highlighting the emergence of the DIY generation. Let me recap 3 of the disruptive trends that will forever change our real estate industry. Trend #1 Every buyer will be an ‘Informed Buyer’. I mentioned in my book No B.S. Guide to Property Investment that the real estate industry is an imperfect market. Homebuyers and property...

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Useful tips to unmask the wolves’ sheep clothing

Another property investment company A2A Capital was being put on the investor alert list by the Monetary Authority of Singapore (MAS). The company marketed a land-banking scheme with investment in the United States and Canada that promised attractive returns of 134 percent or potentially 3 times the initial investment over 10 years. When the Singapore investors did not receive the promised payout, they filed police reports against A2A. It was discovered that the property firm has a paid-up capital of only $100 when it set up in 2009. And its office has already moved from Raffles Place in Singapore...

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Are Singapore developers forced to walk a tightrope?

Government Land Sales for residential sites in Singapore just crossed the S$1 billion mark. A 99-year leasehold site in Queenstown Stirling Road was sold at a top bid of S$1.003 billion. (Read article in Bloomberg.) The winning consortium is China’s Nanshan Group and Logan Property (a Chinese developer listed in Hong Kong). Nanshan has been eyeing at the Singapore property market for long. In the past 12 months, it participated in 8 of 11 tenders in Singapore’s land auctions. What is the role of the government? In Singapore, land use is regulated by Singapore Land Authority and Urban Redevelopment...

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It’s not bottoming-out. It’s dead cat bounce.

How do I know home buying sentiments have improved? Answer: When I receive more email asking me which units to buy in a new project than email regretting buying at new launches. If property purchase sentiments are weak, there is a reverse in the number of messages from both sides. Very accurate. No need to conduct any survey. Now is the perfect time to launch There is usually a 3-month time lag between the performance of the stock market and the property market. It’s because it takes around 12 weeks to complete a property transaction. The Straits Times Index...

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How to Buy Good Quality Properties 1-Day Workshop (May 14, 2017)

How to Buy Good Quality Properties 1-Day Workshop A workshop by Property Club Singapore Synopsis Do you know how to choose the best unit in a property development and the best house in the street? Do you know if you want to lease or sell your properties faster and at a rate higher than the competition, the project, direction, facing, layout, fengshui, etc. can make all the difference? Unfortunately, many property buyers have no clue. Are you one of them? The trainer will share with you how to pick good quality properties from her knowledge and experience accumulated after...

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Is property a good investment in times of war?

The Easter weekend was filled with tensions. It started with Donald Trump using Afghanistan as a testing ground for the Mother Of All Bombs and killed 96 Islamic State militants. This was followed by a failed missile launch by North Korea on Sunday. US Vice-President Mike Pence warned that ‘the era of strategic patience is over’. Suddenly, everyone is on their toes. A war sounds imminent. What will happen if there is a war? Are we safe? Will Singapore economy be intact? How are we affected financially? What will happen to the property market? Wars won’t stop mortgage payments...

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PropertySoul.com awarded Top 75 Property Investment Blog

Great news! Your favourite property blog PropertySoul.comhas just been awarded as one of the Top 75 Property Investment Blogs in the world! PropertySoul.com is number 23 in the list of 75 and the only winner from Singapore. Awarded by Feedspot, the 75 Best Property Investment Blogs were chosen from thousands of property investment blogs and websites in the planet using search and social metrics. According to Feedspot, the best property investment blogs are selected and ranked based on 4 criteria: 1) Google reputation and Google search ranking; 2) Influence and popularity on Facebook, twitter and other social media sites; 3) Quality and consistency of...

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3 reasons why adjustments to property measures is not a good sign

Last Friday, a press release was jointly issued by Ministry of National Development, Ministry of Finance and Monetary Authority of Singapore to make adjustments to the Seller’s Stamp Duty (SSD) and Total Debt Servicing Ratio (TDSR) framework, with effect from 11 March 2017. 1) The holding period liable for SSD is revised from 4 to 3 years. There is also a 4 percent reduction every year on the original SSD payable. 2) TDSR is exempted for mortgage equity withdrawal loans with LTV (Loan To Value) ratios of 50 percent and below. 3) A new stamp duty Additional Conveyance Duties...

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Understanding legal issues in real estate

I have written an article “Secret formula to win the property game” in my book No B.S. Guide to Property Investment. One of the 4 key factors in this secret formula is to build a winning team. In this team, you need a good conveyancing lawyer. An experienced conveyancing lawyer can advise you the right way to handle legal matters in managing your wealth. A meticulous conveyancing lawyer never fails to warn you any term in the contract that put you in a disadvantageous position. A good conveyancing lawyer could save you from all the costly mistakes in your...

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Should Singaporeans be grateful for property cooling measures?

Singapore’s Second Minister for Finance Lawrence Wong said in a Bloomberg TV interview that the government hasn’t “made any movement in the budget” to relax the property cooling measures because “demand remains very resilient” and “property volume in terms of transactions have increased and not decreased”. Sacrificing housing affordability for foreign investment Singapore private property prices have fallen only 3 percent in 2016 and a total of 11.2 percent from the last peak in the third quarter of 2013, after a surge of 92 percent since the bottom of 2003. But compared with our counterpart in Hong Kong, home prices there...

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Trust is a scarce commodity in properties

In properties, market confidence determines the boom and doom of the industry. To property buyers and investors, trust can make or break a deal. In this digital world, trust is more valued than ever. Unfortunately, trust is increasingly rare to be found in industry stakeholders and the mass media. Have something up your sleeve? It is interesting to see how the stakeholders with vested interest interpret the market data in their favor, and craft a deceiving and misleading picture to place their products in a good light. When it is time for budget announcement, we heard property agencies speculating...

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