Author: Property Soul

Put yourself to the test: the Property Financing Quiz

How knowledgeable are you with housing loans? Do you know enough about TDSR? How good are you in negotiating with the banks? Dare to challenge yourself by taking a short 10-question quiz? 1. Please refrain from checking the answers in the internet. No cheating please! 2. Participant with the highest score stands the chance to win a special prize at the Understanding Property Financing & TDSR Framework Education Seminar this Sunday. 3. All attendees of the property financing seminar will receive a goodie bag with various gift items, including a Balenciaga pen from Standard Chartered Bank. So, are you...

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Developer invited you to play Project Discount

To survive the cooling measures, property developers have no choice but to constantly come up with creative ways to move their units from the shelves. Buyers are a rare species Where can they find that rare species called buyers who possess all of the following? – Can afford the hefty cash downpayment of units in new projects; – Are willing to pay 5, 7, 10 or 15 percent Additional Buyer Stamp Duty; – Don’t mind holding the property for 4 years to avoid paying 4 to 16 percent Additional Seller Stamp Duty; – Can pass the TDSR test and...

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PropertySoul.com Blog Readership Survey

Dear readers, Thank you for your support of PropertySoul.com. We would like to find out more about our readers. May I ask for 3 minutes of your time to share your thoughts in a short survey? Individual results and personal data will be kept strictly confidential. Reply by September 15 (Monday) to receive the 17-page Report on Mixed Development Projects (2014) – with my personal analyses, details of 28 projects and special highlights on two development. Click here to begin now. Hope to hear from you soon! Best regards, Property Soul...

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Do’s and don’ts while waiting for housing loan approval

I came across this article from ActiveRain titled The Do’s and Don’ts During a Home Loan Closing! and found it very insightful. Many home loan applicants are not aware of these unwritten rules and go on to do ‘silly’ things while waiting for the approval of their mortgage. Read the article, especially the six Don’ts. It can definitely save you from the shock and disappointment of being rejected by the mortgagee bank. The “Do’s and Don’ts” During a Home Loan Closing! by Barbara Mooers You have done the hard part in the house buying process and chosen a lender...

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Getting the most out of housing loans

The following article is an excerpt from my book No B.S. Guide to Property Investment – currently No. 2 in Kinokuniya Monthly Bestsellers (Finance & Investment) and No. 10 in Times Bookstore Non-Fiction Weekly Bestsellers as of last week. Donald Trump has this to say about mortgages in his book Trump: Think Like a Billionaire: “Never accept a first offer, and always ask for better terms. Negotiate or be eaten alive! If you receive a better deal from lender A, always go back to lender B and see if they can match it … Mortgages are designed to be...

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Is Jurong Lake District the next hotspot for property hunting?

I have to admit that Prime Minister Lee Hsien Loong’s 10th National Day Rally speech failed to get my attention the whole time. But the moment when I heard our PM said “I thought tonight I should show … Jurong Lake – at sunset”, my heart immediately skipped a beat. He devoted a big part of his speech to paint a heavenly picture of the Jurong Lake District, followed by all the possibilities for future development of the area, before he ended his speech with a sentimental note on ‘believing in Singapore’. Wow, as property-obsessed Singaporeans, how could our...

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Should property owners be happy about the new Thomson-East Coast Line?

On August 15, the Land Transport Authority and Singapore Land Authority issued a joint press release that Singapore is going to have a sixth MRT line known as the Thomson-East Coast Line (TEL). This is a follow-up on the Jan 2013 announcement about the construction of two new MRT lines previously known as Thomson Line and Eastern Region Line. The two are now grouped into one, with the completion timeline changed from 2020-2021 to 2023-2024. Expect lots of work-in-progress MRT sites From 2015 to 2030, there are countless stations being added to the existing MRT map: 1. Construction of...

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Property Financing and TDSR Framework Education Seminar

Understanding Property Financing and TDSR Framework An education seminar by Property Club Singapore Synopsis What are the procedures and criteria for banks to approve housing loans? How can you prove to the banks that you are a good pay master? What are the common misunderstandings of the TDSR framework? Which is the best tool for step-by-step calculation of affordability and debt ratio? How to negotiate with banks for the best deal for your property mortgage? What advantages can priority banking customers enjoy in their property loans? How do banks deal with late payments, loan defaults and negative equities? Seminar...

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Meet-the-Author: No B.S. Guide to Property Investment

Come and meet the author of No B.S. Guide to Property Investment at the Kinokuniya bookstore. Watch the live interview of the author, ask your questions about property investment, and don’t forget to bring your book along for autograph! Date : 16th August 2014 (Saturday) Time : 3.30 – 4.30 p.m. Venue: Kinokuniya Main Store, Ngee Ann City Level 3 URL : http://www.kinokuniya.com.sg/events/vinaip/index.html See you...

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How Australian properties are marketed to Singapore investors

A journalist from The Sydney Morning Herald contacted me in mid-June to find out more about the recent trend of Singaporeans snapping up Australian properties. The article “Singaporean investors hungry for a piece of the Australian housing market” was finally published in the paper on July 26, 2014. It is about Singapore property buyers flocking down under for properties because of restrictive measures at home, a strong Singapore dollar, record low interest rates and the promise of attractive return from Australian developers. While browsing through the article to find the quotes from me, the brutal truth pointed out by...

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Selling your properties at auctions: An interview with Knight Frank

Date: July 5, 2014 Venue: YMCA@One Orchard Interviewee: Sharon Lee, Director & Head, Auction, Knight Frank Sharon Lee is armed with a valuation licence and more than 20 years of experience in the Singapore property market. Headed by Lee, properties sold by the Knight Frank auction team range from residential, commercial and industrial properties to development sites. Knight Frank auctions an average of 180 properties a year, grossing a total of more than $50 million. Their major clients include banks, financial institutions, government and statutory boards, liquidators, public companies, trustees and individuals. Q. Compared with traditional listings, what are...

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Post-event report: Property Auctions and Mortgagee Sales Education Seminar

Over 100 participants attended the Property Auctions and Mortgagee Sales Education Seminar organized by Property Club Singapore at YMCA@One Orchard on July 5, 2014. Property Soul kicked off the seminar with updates on the development and future events of Property Club Singapore. This was followed by the much-anticipated presentations by our three speakers. Selling properties at auctions Sharon Lee, Director and Head of Auction at Knight Frank shared her insights about “Leveraging property auctions to market your property to buyers”. She highlighted the fact that aggressive marketing and extensive network of an auction house are critical to help owners...

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How to tell good property agents from bad ones

Below is an article first published in my book No B.S. Guide to Property Investment – Dirty Truths and Profitable Secrets To Building Wealth Through Properties. After I sold one of my properties exclusively by my property agent, another agent who used to lease that property for me learned about it and said, “What? Only $xxx,xxx? I could have easily sold thirty to fifty thousand higher for you!” I know how the deal can be pushed higher. There are many agents and owners in this market who will do anything to sell properties at the top price. But I...

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The obsession of buying properties: why some countries get it while others don’t

Finally, Germany won the World Cup. The team didn’t get to keep the 18-carat gold trophy, but they were happier to take home a whopping $35 million prize money. Mind you, it is another $35 million on top of the economic powerhouse’s $3.7 trillion GDP. So the richest are getting richer. Advantages of being the odd one Being the largest country in the EU, Germany has long been head and shoulders above the rest of the EU countries in terms of economy, much to the jealousy of the rest of the Europeans. The Germans are just too industrious, uptight...

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