Author: Property Soul

Podcast Ep#17: Market Implications of New URA Guidelines

This week the most exciting property news is no doubt the new URA development guidelines for non-landed private residential projects. In this video, we are going to discuss the market implications of the new URA rules for the developers, home buyers and property investors. 1. What are the two major guidelines? 2. Why is it another blow to the developers? 3. What home buyers should thank URA for? 4. Why buyers and investors should stop buying shoebox units right now? You can now watch the podcast below. If you want to read the script, turn on the “cc” button...

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When home ownership is a religion

Our Prime Minister said home ownership is Singapore’s key national policy. A high home ownership 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 Singaporeans can see it? What exactly are we unhappy about? Housing in Singapore has improved by leaps and bounds from humble squatter houses and over-crowded slums in the 1950s to world-class public housing today. HDB homes gives us...

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Podcast Ep#16: Should I Buy Resale HDB Now?

Are you currently looking to buy a home for your own stay? Should you buy resale HDB flats? Let’s discuss it in this podcast. We will cover four main topics in the video: 1. Will HDB resale prices continue to fall? 2. Why more are buying HDB resale flats? 3. Which property types should you buy? 4. What about the age of HDB flats? You can now watch the podcast below. If you want to read the script, turn on the “cc” button – the leftmost button at the bottom right hand corner. Remember to subscribe to my youtube...

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Why you need to be contrarians in property investment

In the preface of No B.S. Guide to Property Investment, I mentioned the reason why I wrote the book. I bought my first few properties in the early and mid-2000s during the economic downturn. Back then, there was not much public interest or media coverage of properties. I couldn’t find any good book on buying properties in Singapore. I thought it would be useful if I could write a book from a fellow property investor’s perspective to share neutral and unbiased views for the reference of property buyers. The situation is totally different now. Everyday there are many new...

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Accept that Singapore has the world’s lowest fertility rate

Last Friday a Straits Times article said Singapore’s total fertility rate plunged to a seven-year low of 1.16 last year. It is well below the replacement rate of 2.1. Do you know that Singapore has the lowest fertility rate in the world? According to the 2017 World Factbook published by the Central Intelligence Agency, the four countries with the lowest total fertility rate in the world are namely Singapore (0.83), Macau (0.95), Taiwan (1.13) and Hong Kong (1.19). Our neighbour Malaysia obviously has much higher “productivity”. It occupies the 80th position in a list of 224 countries from high...

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Podcast Ep#15: When Is The Best Time To Sell?

Podcast episode 15 is the second part of my presentation “When Is the Best Time To Buy and Sell?” presented at the SMART Expo at Sands Expo & Convention Centre on September 22. I apologize for “shouting” at the top of my voice during the speech because I couldn’t hear myself on the stage. Thanks for all of you who answered enthusiastically my question “When is a good time to buy for you?” at the end of my presentation (that’s a nice surprise!). And sorry I forgot to open the floor for Q&As after getting all your great answers....

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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 by the journalists and property agencies. It is not surprising to see all the print media under SPH coming up with indistinguishable news stories for convenience. But the online media also reach a consensus to show the developer that...

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Podcast Ep#14: When Is The Best Time To Buy?

Podcast episode 14 is a recording of the first part of my presentation “When Is the Best Time To Buy and Sell?” at the SMART Expo on 22 September 2018 at Sands Expo & Convention Centre. I was traveling when the organizer informed me the timing of my speaking slot early this month. I completely forgot to post the “mark your calendar” announcement in my blog. I only did so on the same week when I received the banner from the organizer. I know many of you couldn’t make it. So I arranged a recording onsite. About the audio:...

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New arrangement for full-day workshops

Just want to give you an update on workshops and courses conducted through Property Club Singapore. It is presented in a Q&A format for your easy reference. Q: Why are you conducting new face-to-face workshops? A: We rolled out the first e-learning course Buying My First Private Property Online Course on July 19 this year. Quite a number of people have signed up and attended the course online. Thank you for your support! The original idea of e-learning is catered to people who want to learn whenever and wherever convenient to them, during their free time and at their...

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See you at SMART Expo on September 22

I will be speaking at the SMART Expo this Saturday afternoon. Details are as follows: Event: SMART Investment & International Property ExpoDate : 22 September 2018 (Sat) 5 p.m. – 5.45 p.m.Venue: Hall A (Area 2), Sands Expo & Convention Centre, Marina Bay SandsTopic: When is the Best Time to Buy and Sell? Registration is free. Sign up here and see you on Saturday! Share this:...

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Financial crisis coming? We haven’t learned from the last one yet!

Ten years have passed since the collapse of Lehman Brothers. Did the world learn anything from the 2008 financial crisis? Are we heading for the next economic disaster? Rush in quick. Get out fast Speaking to CNBC’s “Crisis on Wall Street: The Week That Shook the World” documentary, Warren Buffet commented that another financial crisis is inevitable because of human nature, jealously and greed. “People start being interested in something because it’s going up, not because they understand it or anything else. But the guy next door, who they know is dumber than they are, is getting rich and...

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Podcast Ep#13: Should I Buy HDB or Condo?

One of the questions I frequently receive from my blog readers is: Do you think I should buy an HDB flat or a condo unit? The question often comes after they disclose their age, their spouse and children’s age, their household income, outstanding loan and bank savings. If you have the same question in mind, you don’t have to share with me your credit history or tell me your life story. Because in this podcast, I am going to share with you how to get the answer with four simple questions: 1. What am I buying it for? 2....

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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 homes. How could marketers convince buyers that holiday homes are investment properties no different from high end condos in capital cities? Let’s try to summarize the six common gimmicks that marketing agents deployed to sell real estate projects overseas....

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Forest City proves buying an overseas home is to buy a cat in a sack

Malaysia leader Mahathir Mohamad organized a five-day official visit to China. Besides asking China to withhold two major Chinese infrastructure projects, an agreement was reached to directly import whole fruit of Malaysian durians to China. As early as 2019, thousand tons of Mao Shan Wang will be exported to different provinces in mainland China. Foreigners are not welcome While working on stronger ties with China, Mahathir didn’t forget about Forest City. Last Monday, the Malaysia Prime Minister said at a press conference that foreigners will not be allowed to buy residential units at the Country Garden project. They also...

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Podcast Ep#12: Six Reflections From Recent HDB Talk

During his speech at the National Day Rally 2018, our Prime Minister announced the new VERS (Voluntary Early Redevelopment Scheme) which allows HDB owners to sell their flats en bloc to the government before the lease expires. Since I am not doing my podcasts here to garner election votes, we can go straight to the point to unveil all the beautiful misunderstandings of HDB flats in this episode. Do take note that what I am going to say may not be what you like to hear. Because the naked truth is often disturbing and unpleasant. Below are the six...

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