Author: Property Soul

More about buying condos in Bangkok

I received some questions from you after posting my latest podcast “Buying Condos in Bangkok” on my youtube channel. Let me try to address them in this blog post so other followers can read them too. How could people buy without doing their homework? I am not against anyone buying condos in Bangkok. If you love the city, like the project, and have the financial means to buy a holiday home there, why not? But it is surprising to see so many buyers who don’t bother to do their research before acquiring properties, whether it is in Singapore or...

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Podcast Episode #7: Buying Condos in Bangkok

Last week I was on vacation in Bangkok. Of course I made use of the occasion to view properties there. Curious to know everything about buying condos in Bangkok? Come follow me to Bangkok now! In this episode, I will share with you: 1. Why and what foreigners buy – What are the 3 reasons for foreigners to buy properties in Thailand? – What kind of properties can you buy in Thailand? – Why you should buy completed properties only? – Which are the good locations to buy in Bangkok? 2. How a high-end condo looks like – How...

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Property Soul Podcast Episode #6: Four Lessons Learnt From Scrapping of HSR

The most shocking news this week is no doubt the sudden decision of Malaysia to cancel the Kuala Lumpur-Singapore High Speed Rail project. What are the lessons learned for all of us? How big is the damage with scrapping of the high speed rail? Will it impact the Jurong Lake District development plan? How to survive and find opportunities out of the crisis? We will discuss all of them in this podcast. Watch the YouTube video below and share with me your thoughts. Don’t forget to subscribe to my YouTube channel. [embedded content] Share this:...

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How FOMO in the past becomes a regret today

The most shocking news this week is the sudden announcement of Malaysia to terminate the Kuala Lumpur-Singapore High Speed Rail (HSR) project. When Dr Mahathir declared that “Malaysia’s decision to scrap the HSR project is final”, his words immediately shattered the dreams of developers and home buyers who place high hopes on the value appreciation of properties near the planned railway stations. Now what for Jurong Lake District? The original plan of HSR is to set up eight stations, namely Kuala Lumpur, Sepang-Putrajaya, Seremban, Ayer Keroh, Muar, Batu Pahat, Iskandar Puteri and Singapore. In Singapore, the HSR station is...

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Property Soul Podcast Episode #5: Four Lessons learnt From Old HDB Flats

Recently, there is public concern over what will happen to old HDB flats with less than 60 years in their remaining lease. There are 4 important lessons we learned from this matter. I will cover them in details in this podcast: Lesson #1: HDB flats is for your stay, not for investment. Lesson #2: The… [read more] The post Property Soul Podcast Episode #5: Four Lessons learnt From Old HDB Flats appeared first on Property...

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4 questions to 5 projections from DBS property report

I read with bewilderment Today newspaper’s May 16 article titled “New private homes to cost up to S$2,900 psf on average by 2030: DBS report”. The five projections of DBS on Singapore’s property projections in 2030 caught my attention: 1. Singapore’s population to hit 6.3 million to 6.5 million 2. Homeowners’ incomes to grow at compound growth rate of 1.5 percent to 3.2 percent 3 New private homes to cost between S$2,300 and S$2,900 psf 4. Demand from HDB upgraders and foreigners for private units to reach 12,000 and 16,000 5. Average size of private units to shrink to...

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Property Soul Podcast Episode #4: Mahathir, China Projects and Forest City

This week all eyes are on Mahathir Mohamad after he won the Malaysia General election. While Singaporeans are concerned about any possible change in infrastructure projects with Malaysia, the Chinese have more reasons to worry. During his election campaign, Mahathir already emphasized repeatedly that he will re-exam all China-linked projects in the country. Is Mahathir a threat to China’s investments in Malaysia? In this podcast, we will discuss: 1. Which China investment projects are at stake now? – How much has China invested in real estate and infrastructure under ‘One Belt One Road’? – Which projects are likely to...

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5 home selling mistakes owners can’t stop making

After I published my last blog post “5 property buying mistakes buyers can’t stop making”, reader cobweb left a comment asking me for “5 mistakes sellers make”. As an obliging blogger, I immediately answered his request with my next post titled “5 home selling mistakes owners can’t stop making”. I have been to hundreds of flat viewings, bought five private homes and sold four of them. The following is the learnings based on my observations of home sellers and my experience as one. If you are planning to let go of your property, please avoid making these common home...

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Property Soul Podcast Episode #3: Should I Buy Near MRT Stations?

Our Transport Minister just announced the building of the new Jurong Region Line. Singapore is going to have 7 MRT lines: North-South, East-West, North-East, Circle Line, Downtown Line, Thomson-East Coast Line and Jurong Region Line. By 2030, there will be 30 interchanges and 170 MRT stations in this Little Red Dot. This podcast covers 3 popular topics that home buyers are concerned about: 1) How will the building of the new Jurong Region Line affect the neighborhood? 2) What are the three major factors to consider when deciding whether to buy near MRT stations? 3) Does the building and...

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5 property buying mistakes buyers can’t stop making

British novelist Joe Abercrombie once said, “I have learned all kinds of things from my many mistakes. The one thing I never learn is to stop making them.” To err is human. To repeat the same mistake is human weakness. Out of all the property buying mistakes that home buyers can make, it is not difficult to notice five faults that buyers keep committing over and over again. Mistake #1: They trust the “experts” know what they are talking about. Flip the newspapers and you read comments of spokespersons from big developers, top agencies, prestigious banks and experienced investment...

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Property Soul Podcast Episode #2: URA 1Q2018 Statistics

The Urban Redevelopment Authority just released the 1st Quarter 2018 real estate statistics last Friday (April 27, 2018). The media, analysts and industry stakeholders can interpret the way they like. But numbers don’t lie. What are the numbers telling us? Where is the hidden time bomb? I will be sharing 3 things with you in this podcast: 1) The 3 different property price indexes in the market; 2) How to read the URA quarterly real estate numbers; and 3) My personal analyses on non-landed private residential prices, rental, vacancy and supply. Enjoy the youtube video and let me know...

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When is the next market crash?

Someone threw the million-dollar question to me at a recent Q&A session: When will the market crash? As they said, the answer ranges from imminent to most likely to happen in these two to three years. All markets have cycles, ups and downs, booms and busts, peaks and bottoms. Nothing can escape this, be it the economy, equities, properties, bonds, currencies or commodities. Investing is taking a roller coaster ride blindfolded The investment world is no different from an amusement park. You pay the entrance fee, step inside and have fun. There are shows to watch, games to play...

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Property Soul Podcast Episode #1: Home Sharing

It’s exciting to announce the birth of my first Property Soul Podcast. I have picked a highly debated topic on home sharing or short-term rental, especially after the URA proposal that came out last Monday. The video answers four main questions of home sharing: 1. What is home sharing or short-term stay? 2. What are the likely outcomes of URA’s proposal? 3. Should we leave the decision to consensus? 4. Why landlords need short-term rental? Special thanks to Michael Cho from Urban Zoom who kindly sponsored the webcam and microphone, and above all, his invaluable advice and comments to...

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Selling property buyers dreams and fantasies

I like watching TV and online commercials, especially the award-winning ones from Asia. Those from Japan and Thailand are my favourite. They are always creative and entertaining. The ads can be a funny episode, a humorous situation or a touching story. At times, they keep you guessing until the very end what they are really advertising. (Not sure whether it is the problem of the agencies or the clients. But those made in Singapore can hardly leave an impression on the audience.) Nissin Cup Noodles Es Club Commercial Early this month, Nissin re-launched their three ethnic favoured cup noodles....

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How easy is it for Singaporeans to fall victim to herd mentality?

We were waiting for the lift in a shopping mall. Only two lifts were in service for the whole building, including the top few parking levels. More people joined us after they parked their cars. Two families moved next to us. Another three groups stood right behind. The lift on the right was full after it reached the fourth storey. Instead of continuing to go up, it descended to the third floor. Seeing the lift on the left slowly climbing up from the ground floor, a couple found their way to get in front of us. I could feel...

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