Author: Property Soul

The wisdom of passing wealth and properties to the children

We all wish to leave something behind to our next generation. It is a gesture of love and goodwill, and how we want to be remembered. But very often, we don’t know what, when and how to give. I just read a very good legacy planning book titled Wealth of Wisdom: The Top 50 Questions Wealthy Families Ask. The book has fifty-three chapters written by different subject matter experts in the industry. Don’t burden children with wealth too early Although children with well-to-do parents are seen as “having it all”, they are often living under the shadows of their...

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CEA’s response: Agents must act responsibly to promote clients’ interests

I refer to my letter to The Straits Times Forum titled “Questionable property ads popping up on social media” which was published on 3 May 2019 as follows: Questionable property ads popping up on social mediaMAY 3, 2019 When the Government implemented property cooling measures last July, individuals were cautioned against over-leveraging in property purchases. Recently, Facebook has been flooded with property ads offering free seminars and free guides advocating owning “multiple properties with no money down”, or “a condo on a $6k combined salary”, or “buy 2 private properties without paying ABSD”, among other examples. There was a...

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Podcast Ep#29: Interview with Ku Swee Yong (Part III) – Should I Buy Or Rent In Next 5 Years?

This is the last episode of the three interviews with Ku Swee Yong, CEO of International Property Advisor Pte Ltd. In this video, we will discuss whether it is a better option to buy or rent in Singapore in the next 5 years. We will ask Mr Ku the following questions: 1) What are the pros and cons of buying versus renting? 2) Under what circumstances do you recommend people to buy or rent? 3) For the next five years, is it better to buy or rent and why? You can now watch the podcast below. The video comes...

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Case Study: A curious case of “no money down” property schemes

We present the case of John and his parents. John is an undergraduate student who has taken finance and investment classes that cover a range of asset-types, including real estate. During a family dinner, when discussing a module that John was taking in the university, Real Estate Investments and Finance, his parents divulged that they have made a real estate investment several years ago: a 3-bedroom freehold condominium unit in Johor, Malaysia. Their decision to commit was based on 3 key factors: 1. They believe that real estate is a safe asset that will constantly grow in value. If...

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Podcast Ep#28: Interview with Ku Swee Yong (Part II) – What Can We Buy In This Market?

The second podcast of the Interview with Ku Swee Yong series will try to find answers for the big question “What can we buy in this market?”. In this video, Mr Ku will share his thoughts on the 4 queries we have in mind on the current property market: 1) When there is oversupply in the private residential market, what about the office market? 2) In 1st Quarter 2019, office prices are up but rentals are down. What is happening in this market? 3) What about retail real estate? 4) If I have to buy something, what should I...

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Podcast Ep#27: Interview with Ku Swee Yong (Part I) – Can The Market Absorb Upcoming Supply?

It is a big honor to interview Mr. Ku Swee Yong, CEO of International Property Advisor, in Property Soul Podcast. The full interview will be shown in 3 parts with the following topics: Part I: Can The Market Absorb Upcoming Supply? Part II: What Can We Buy In This Market? Part III: Should I Buy Or Rent In Next 5 Years? In the first episode “Can The Market Absorb Upcoming Supply?”, I will be asking Mr Ku 5 key questions: 1) Do you think there is a mismatch between new launch and take-up of new projects? 2) What strategies...

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Podcast Ep#26: Lies Behind Property Ads In Social Media

In this episode, we will discuss the issue of sponsored property scams in the social media. Exposing scams can be very unpleasant. And telling the hard truths can be really disturbing. Make sure that you are strong enough to hear the truth and brave enough to face the reality. 1. What are the common property scams and where is the catch?– Leverage your fully-paid HDB flat to own 2 private properties– Own multiple properties with little or no money down– How I make $50K passive income per month– Invest in this commercial property with x% return 2. Why property...

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The truth about people who have financial freedom

I was surprised to see the last post “The journey to financial freedom: my personal story” become my blog’s most viewed post in 2019 – in just 48 hours after putting it up. I thought financial freedom is a dry topic unrelated to properties that the readers probably won’t be interested. So, is it the keyword “financial freedom”, or the promise to share “my personal story” that draws your attention? Anyway, I am sharing the few things about financial freedom as promised in my last post. Since I haven’t figured out whether you are interested in the topic or...

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The journey to financial freedom: My personal story

I just read the book Financial Freedom: Talks With People Who Don’t Have To Work Anymore. The author Gisela Enders interviewed seven Germans who generate enough income from investments to cover their living expenses so they no longer have to work for money. It was originally written in German and being translated into English. (Which European will talk to strangers about their money except the Germans?) It was a good read and I could fully resonate with the experiences and views of the financially free people featured in the book. The real meaning behind financial freedom There are three...

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Podcast Ep#25: Singapore Property Market #10YearChallenge (Part II)

Podcast episode 25 is a recording of the second part of my presentation “Singapore Property Market #10YearChallenge” at the SMART Expo on 30 March 2019 at Suntec Singapore Convention & Exhibition Centre. The following topics are covered in Part II of the presentation: 1. The Hard-Hit vs The Resilient – Why prices of some projects tumbled 25 percent while others fell only 5 percent?– How non-landed private homes in CCR, RCR and OCR perform at the peak versus the bottom?– Which district is the best or worst performer from 2009 to 2019?– What sales transactions in the last 10...

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Podcast Ep#24: Singapore Property Market #10YearChallenge (Part I)

This video is a recording of the first part of my presentation “Singapore Property Market #10YearChallenge” at the SMART Expo on 30 March 2019 at Suntec Singapore Convention & Exhibition Centre. The following topics are covered in Part I of the presentation: 1. 2009 Financial Crisis: The Property Market– What happened to the property market during the 2009 financial crisis?– How did property prices and transaction volumes suffer back then?– What are the differences in sales and rental in different property sectors then and now? 2. Challenges of Developers and Home Buyers– How did the en bloc, new sale...

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Is home ownership for everyone?

The Singapore government is planning to reach out to 1,000 HDB rental-flat families to help them buy their own flats. The scheme aims to mitigate income inequality and uplift lower-income families because “home ownership is key to providing stability and progress for families in the long run”. A Home Ownership Support Team will be set up to provide stronger, personalised hand-holding. Low-income families living in subsidised two-room flats will be given a grant of up to $35,000 to buy a new or resale three-room flats in non-mature estates. In the last six years, about 5,000 out of 56,000 rental-flat...

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See you at SMART Expo on March 30

I will be speaking at the SMART Expo this Saturday afternoon. Event: SMART Investment & International Property ExpoDate : 30 March 2019 (Sat) 5 p.m. – 5.45 p.m.Venue: Hall 404             Suntec Singapore Convention & Exhibition CentreTopic: Singapore Property Market #10YearChallenge– Remember the property news and market concerns after the financial crisis?– Challenges of developers, agencies, banks, buyers and seller in a downturn– The hard-hit versus the resilient property sectors during a crisis– Projects advertised on papers 10 years ago – what happen to them now?– How likely are property’s #10YearChallenge risks and opportunities come back again? Registration is free. Get your...

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Property Investment Finance and Profit-Risk Analysis

Ku Swee Yong is the Chief Executive Officer of International Property Advisor Pte Ltd. in Singapore. He was a Director in the Real Estate Centre of Expertise at Société Générale Private Banking, responsible for advising clients on real estate investments, the Director of Marketing and Business Development at Savills Singapore and the General Manager at Far East Organization’s Indonesia office. Swee Yong’s opinion is regularly featured in the Straits Times, Business Times, 新明日报, 联合早报, Channel NewsAsia, TODAY, etc. He has published five books on the property market. He lectures on a part-time basis in the Singapore Management University and...

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Property investment tricks revealed

Recently, I received many messages from my blog followers asking me to comment on some social media ads promoting free property seminars and investment schemes. When the market is dead quiet, it is not surprising to see frequent appearance of such ads. Although Singapore’s real estate market is licensed by CEA and regulated by URA, cleaning up of the industry still has a long way to go. To the public, property is still very much a cowboy industry. If developers and marketing agents can play tricks of exaggerating new sale numbers, cover up with returned units without being caught,...

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