Author: Property Soul

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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Building a Win-Win Relationship with Your Property Agent Education Seminar

Building a Win-Win Relationship with Your Property Agent An education seminar by Property Club Singapore Synopsis Do you know your rights when dealing with property agents? What are the ways to protect yourself as a consumer? What can you do when you have disputes with your agent? Do you know that property agents can make or break your deal? Can you tell a good agent from a bad one? How do successful investors and smart landlords benefit from using a good agent? Come and learn first-hand from experienced industry experts who will share with you all the tips and...

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Fishing at the bottom

(Below is an article extracted from my book No B.S. Guide to Property Investment – Dirty Truths and Profitable Secrets To Building Wealth Through Properties) A friend of mine is puzzled why I keep warning others to beware of buying overpriced properties in an overheated market. “Didn’t you make your bucks from people who bought recklessly at the last peak of the market?” “If all buyers are so cautious, where can you find good deals next time when the market crashes?” I was speechless. You won’t go warning the fish about the bait when you also want some fish...

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The privilege to learn from the best

I received lukewarm response when I first told my property investor friends that I wanted to set up a neutral property club for the learning and networking of fellow property enthusiasts. Why savvy property investors don’t like to share “What? You have time to do this? You are not busy enough?” “It won’t make any money. Why don’t you just focus on looking for good deals?” “I’m keen to explore any property opportunity with you, but not this property club thing.” “Don’t waste time. Who cares about the man in the street?” “We Asians keep to ourselves about our...

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Property investor scores a home run (the unpublished version)

An article on Property investor scores a home run which features “me & my money” was published yesterday on The Sunday Times invest section. You may be interested to read a longer version of my answers to the standard questions. Read the unpublished additional details highlighted in italics. Q: Are you a spender or saver? I am a compulsive saver. During my years of investing in properties, I saved 70 to 80 per cent of my monthly salary so that I could pay the down payment on my next property earlier. With passive income from my rental properties, I...

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