Author: Property Soul

Learning to be a smarter landlord

I had my first tenant since 2002. For more than five years, I was renting out four condominium units at the same time. Over the years, like any multiple-property landlord, I signed tenancy agreements with dozens of tenants on both company and individual leases. I had tenants who were Japanese, Koreans, Europeans, Americans, Indians and Singaporeans. Similarly, I encountered problems and issues like any other landlord, including bad tenants, dishonest agents, low rental, frequent repairs, late payment, etc. After being an owner in Singapore for longer than a decade, I thought I could call myself an experienced one. Well,...

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Achieving a meaningful market correction of property prices

Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam told the press that there is “some distance to go in achieving a meaningful correction”, hinting that the property cooling measures are here to stay. I am surprised by Mr Tharman’s creative use of the word ‘meaningful’. It is an adjective or a descriptive word that leaves much room for imagination. It is up to the target audience to figure out the real meaning behind it. When the government replies with a definite yes or no answer, you are certain what is next. When the government replies with a vague answer,...

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Attracting good offers in a competitive property market: An expert interview

Date: October 27, 2014 Venue: A condominium unit in Orchard with home staging in progress Interviewee: Kelvin Yeo, General Manager, Singapore Furniture Rental PS = Property Soul Kelvin = Kelvin Yeo PS: The rental and property price indexes of private residential properties have been on the decline since the second half of 2013. There are four to five thousand completed private residential units added to the market every quarter. Facing intense competition from fellow owners and lower rental return, how can owners lure good buyers and tenants in the current market? Kelvin: The more stagnant the market, the more...

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Only 5 percent say they are buying now: Property survey

With developers rushing to launch or re-launch new and existing projects ahead of the festive season, the Saturday after the Hari Raya Haji public holiday saw twenty-two property advertisements in the Straits Times marketing local property projects. Despite aggressive marketing by developers, the PropertySoul.com Blog Readership Survey revealed that only five percent are saying that they are planning to buy a private property now. The property survey asked 355 respondents when they are planning to buy a private property. It was conducted online between September 5 and 23 this year on readers of PropertySoul.com. Prefer to rent than buy...

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Seven tactics to maximize the return of your investment property

(This article is extracted from my book No B.S. Guide to Property Investment, a bestseller at Kinokuniya and Times bookstores.) As an investor, you have two major objectives when you are holding your property: 1. To generate an optimal return from your investment; and 2. To increase its value to be sold at a good profit in the future. To achieve that, you have to maximize the rental income and minimize the costs at the same time. In other words, Maximizing the return of your property = cost savings + value creation Below are seven useful tactics that you...

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To launch or not to launch, that is the question

Last night, I asked you whether you are married or not. There was dead air for ten seconds before you replied “I still consider myself single”. I was expecting a simple yes or no answer from you. This marital status question from my heart only offers two options: single or married, or at most with two more for divorced or widowed. Sorry a vague answer won’t open you to more options. Because I am naturally confused by ‘yes but’ answers. Don’t tell me that you are single but attached, married but available, single but engaged, married but separated, or...

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Six ways to add value to your property

We are fortunate to have Andrew Esmonde-White, COO and Co-Founder of Kluje, to speak in the upcoming Smart Landlords vs Smart Tenants Education Seminar. Below is a blog post from Andrew where he shares with property owners how smart touch-ups can add value to their properties. 6 ways to add value to your property (by Andrew Esmonde-White) In the current market, it’s all about the longevity of your home. You may be living in it at the moment, but you could never entirely eliminate the possibility of putting it in the resale market. Using the right renovation techniques to...

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From being a tenant to being a landlord: What I should have learned

My life as a tenant I arrived in Singapore alone in 1998. I started renting on my own but ended up moving three times in just 13 months. First, it was a common room in an HDB flat for three months. Next, I stayed in the whole 4-room HDB flat (with one room locked up) for ten months. Then I moved to a private apartment sharing with two flatmates. Being new to Singapore, I didn’t know much about the property laws. So I experienced renting without a tenancy agreement and eviction by the landlord (despite paying the full rent...

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Six reasons why property is not an antifragile investment

It was exciting to see Nassim Nicholas Taleb presenting “Antifragility: Gaining From Volatility, Stress And Disorder” in the open space outside National Library last Wednesday. Like a loyal fan longing to meet her idol, it made my day when I managed to get his autograph at the end of the session. (P.S. I hope that I can cheer my readers up the same way when I autograph my book.) Taleb answered every question from the audience with a series of metaphors. One must have a comparable high level of imagination to follow his arguments. I thoroughly enjoy reading his...

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Tough times ahead for Iskandar and Malaysia properties

Disclaimer: 1. The following blog post is not likely to be reposted or republished in any online media or property portals – particularly those advertising Iskandar and Malaysia properties, or organizing property shows for these properties. Expect to read this in PropertySoul.com only. 2. Without any new project to launch, any commission from buyers or any advertising dollar from developers, this blog is not compelled or incentivised to write about infrastructure development across the Causeway, property investment opportunities in Malaysia, or choices for homeowners in Iskandar. 3. If you are marketing an Iskandar or Malaysia project, have just bought...

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Smart Landlords vs Smart Tenants Education Seminar

Smart Landlords vs Smart Tenants An education seminar by Property Club Singapore Synopsis What are the tax implications when you buy, lease and sell your properties? Do you know that your purchase fund and selling profit can lead to unforeseeable taxable income? How do smart landlords maximize their rental return by saving cost and adding value? How to increase the rental value of your properties with smart touch-ups and proper maintenance? What are the tips and traps of renting a home for expatriates in Singapore? Are there better ways to handle rental disputes between landlords and tenants? Want some...

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Property Financing Quiz: here are the answers

Hundreds of readers have tried the Property Financing Quiz in the last 5 days. With more than 130 participants who went all the way to submit their entries, only three managed to score 10 out of 10. I know you are very close to that. Good try! Here are the answers of the questions that you have been waiting for. Hope you enjoy taking the quiz and manage to pick up something about property financing. Cheers, Property...

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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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