Author: Property Soul

Dashing someone’s property dream – Oops I just did it again

Do you notice what independent bloggers have in common? That’s what we call “independent” Firstly, they are expressive. They naturally feel and speak stronger than average people. Think actors and actresses who usually have big eyes to express their emotions clearly on big or small screens. Independent bloggers are also more suggestive and opinionated. You can’t be a thought leader if you are often sitting on the fence and seldom take side. If you explain or conclude every issue with “maybe” and “also can”, you are sharing nothing with your followers except to frustrate them. If the concern is...

Read More

Podcast Ep#11: Property Market After New Curbs

It has been a month since the introduction of the new cooling measures. In this episode, we will check the impact of higher ABSD and lower loan-to-value on the property market. 1. New Launch What are we seeing in the new launch market and what is going to happen next? 2. Collective Sale Market What is happening in the collective sale market and what are owners doing? 3. Non-Landed Resale and HDB Resale Market What are the latest URA Q2 Statistics and SRX July HDB Resale and Non-Landed Resale numbers telling us? 4. The 3 Oversupply Misconceptions Why a...

Read More

4 things Country Garden’s hiccups tell us about developers

Does the name Country Garden (碧桂园) sound familiar to you? If you have watched my youtube video “Mahathir, China Projects and Forest City”, you can probably recall that Country Garden is the developer behind Danga Bay and Forest City – the two controversial Johor Bahru projects in Malaysia. For the last two weeks, this largest and most aggressive property developer in China is in the headlines all over China, Hong Kong and Australia, but for all the wrong reasons. 1. Unending leverage game In January, Country Garden announced its intention to raise US$3 billion from the issue of 460...

Read More

Podcast Ep#10: When Overprice Becomes Oversupply

In this podcast, I will explain how all commodities, including properties, once overpriced, can eventually become oversupply. 1) Oversupply unlikely to happen? 2) Durians: From overprice to oversupply 3) The cycle of euphoria 4) When is the best time to buy? 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 channel and see you in my podcasts! [embedded content] Share this:...

Read More

Buyers beware: Misleading message on overseas properties

If you have been following my youtube channel and have watched my last podcast “The Truth Behind The New Curbs”, you might remember what I said at the end of the video: “Good or bad days, property agents still need to make a living … Very soon you will see companies selling alternative investment and agents marketing overseas properties again. The latter will claim to have no ABSD and seller stamp duty, easy to obtain mortgages and attractive returns.” In fact, this came faster than you could ever imagine. It’s only half of the full picture On the same...

Read More

E-learning Course: Buying My First Private Property

Our last Buying My First Private Property 1-day workshop was held on April 7. As expected, there are people who miss it and ask for a re-run again. Over the last four years, I have received feedback from people who suggest workshops to be held on weekday evenings. Weekends are their family days. There are also some blog readers who are not staying in Singapore, or are currently based overseas on a job assignment. E-learning is the best solution here – you can learn online whenever and wherever you prefer, during your free time and at your own pace....

Read More

Podcast Ep#9: The Truth Behind The New Curbs

Here comes part two of the new cooling measures show with the government raising five percent Additional Buyer Stamp Duty and lowering five percent for Loan-to-Value on July 5. In the midst of frantic last-minute buyers and discontented industry stakeholders, let me show you the true picture in this video: 1. How analysts prove to be the worst predictors again? 2. Where is the euphoria in the market? 3. What will happen to the buyers now? 4. Are developers done with building land banks? 5. How safe are our banks and their loans? 6. What is going to happen...

Read More

New cooling measures: The show has just begun

What a roller-coaster week for Singapore’s real estate market. It is a surprisingly well-coordinated good show put up by the Singapore government, complemented by the parts played by different stakeholders in the industry, with an unexpected ending of the cooling measures announcement. The show leading to the announcement Day 1: URA Q2 Estimate and PropNex IPO The show kicked off on Monday when URA showed an increase of 3.4 percent in its flash estimate’s of 2nd Quarter 2018 private residential property price index. The media reported the good news and the analysts cheered for another good year for the...

Read More

5 property lessons from my early years in Singapore

30 June 2018 is a special date to me. It marks the 20th year of my relocation to Singapore. On 30 June 1998, I boarded a flight departing for Singapore, with a luggage of personal belongings and banknotes equivalent to six hundred Singapore dollars. When you are in your 20s, you don’t think too much because you have nothing much to lose. In the midst of the Asian Financial Crisis, as a foreigner I was lucky to find a job paying S$4,000 a month. Not a lot but enough to pay my rent, living expenses and student loan instalments,...

Read More

The best kept secret in this market

Have you come across a hidden gem in the property market shared by someone from the industry? Did anyone tell you that he knows the best kept secret about a high return investment project? When was the last time somebody said he has insider news and told you to buy a stock that’s going to go up? Well, I hope you didn’t pick up too much of those top buys in the stock market recently. It looks like the bull market is changing its direction now. Are we officially in a bear market now? In barely two weeks’ time,...

Read More

Podcast Episode #8: Which Nationalities Are The Best/Worst Tenants?

Which nationalities are the best or the worst tenants? Being a landlord since 2002, and through chatting with fellow owners, I have my fair share of tenant stories. Let me clarify that this is not meant to be a racist podcast that stereotypes tenants in Singapore. It is not about stereotypes. It is about believing in somebody who will pay his rent on time, keep the property in good condition, and most importantly, won’t give you any trouble during his stay. As an owner, at the end of the day, you are only looking for peace of mind after...

Read More

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...

Read More

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...

Read More

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:...

Read More

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...

Read More

Like us on Facebook

Follow us on Twitter