Author: Property Soul

Property news? Always question what they tell you

Have you read this week’s property news about sales of JadeScape on the first weekend? It is interesting to see an unanimous celebratory mood in the headlines and content across similar articles in The Straits Times, Business Times, The New Paper, PropertyGuru, iProperty, EdgeProp and Yahoo News. Strong sales, encouraging results, market confidence and new benchmark are positive words shared by the journalists and property agencies. It is not surprising to see all the print media under SPH coming up with indistinguishable news stories for convenience. But the online media also reach a consensus to show the developer that...

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Podcast Ep#14: When Is The Best Time To Buy?

Podcast episode 14 is a recording of the first part of my presentation “When Is the Best Time To Buy and Sell?” at the SMART Expo on 22 September 2018 at Sands Expo & Convention Centre. I was traveling when the organizer informed me the timing of my speaking slot early this month. I completely forgot to post the “mark your calendar” announcement in my blog. I only did so on the same week when I received the banner from the organizer. I know many of you couldn’t make it. So I arranged a recording onsite. About the audio:...

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New arrangement for full-day workshops

Just want to give you an update on workshops and courses conducted through Property Club Singapore. It is presented in a Q&A format for your easy reference. Q: Why are you conducting new face-to-face workshops? A: We rolled out the first e-learning course Buying My First Private Property Online Course on July 19 this year. Quite a number of people have signed up and attended the course online. Thank you for your support! The original idea of e-learning is catered to people who want to learn whenever and wherever convenient to them, during their free time and at their...

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See you at SMART Expo on September 22

I will be speaking at the SMART Expo this Saturday afternoon. Details are as follows: Event: SMART Investment & International Property ExpoDate : 22 September 2018 (Sat) 5 p.m. – 5.45 p.m.Venue: Hall A (Area 2), Sands Expo & Convention Centre, Marina Bay SandsTopic: When is the Best Time to Buy and Sell? Registration is free. Sign up here and see you on Saturday! Share this:...

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Financial crisis coming? We haven’t learned from the last one yet!

Ten years have passed since the collapse of Lehman Brothers. Did the world learn anything from the 2008 financial crisis? Are we heading for the next economic disaster? Rush in quick. Get out fast Speaking to CNBC’s “Crisis on Wall Street: The Week That Shook the World” documentary, Warren Buffet commented that another financial crisis is inevitable because of human nature, jealously and greed. “People start being interested in something because it’s going up, not because they understand it or anything else. But the guy next door, who they know is dumber than they are, is getting rich and...

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Podcast Ep#13: Should I Buy HDB or Condo?

One of the questions I frequently receive from my blog readers is: Do you think I should buy an HDB flat or a condo unit? The question often comes after they disclose their age, their spouse and children’s age, their household income, outstanding loan and bank savings. If you have the same question in mind, you don’t have to share with me your credit history or tell me your life story. Because in this podcast, I am going to share with you how to get the answer with four simple questions: 1. What am I buying it for? 2....

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6 gimmicks agents use to sell foreign properties

I watched a recent Hong Kong TV programme about buying properties in Malaysia’s Penang. It was a big surprise to see real estate in Penang being positioned as investment properties. To Hong Kong people, Penang is a beach holiday destination in Southeast Asia similar to resort places like Phuket or Bali. Foreigners go there to buy their holiday or retirement homes. How could marketers convince buyers that holiday homes are investment properties no different from high end condos in capital cities? Let’s try to summarize the six common gimmicks that marketing agents deployed to sell real estate projects overseas....

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Forest City proves buying an overseas home is to buy a cat in a sack

Malaysia leader Mahathir Mohamad organized a five-day official visit to China. Besides asking China to withhold two major Chinese infrastructure projects, an agreement was reached to directly import whole fruit of Malaysian durians to China. As early as 2019, thousand tons of Mao Shan Wang will be exported to different provinces in mainland China. Foreigners are not welcome While working on stronger ties with China, Mahathir didn’t forget about Forest City. Last Monday, the Malaysia Prime Minister said at a press conference that foreigners will not be allowed to buy residential units at the Country Garden project. They also...

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Podcast Ep#12: Six Reflections From Recent HDB Talk

During his speech at the National Day Rally 2018, our Prime Minister announced the new VERS (Voluntary Early Redevelopment Scheme) which allows HDB owners to sell their flats en bloc to the government before the lease expires. Since I am not doing my podcasts here to garner election votes, we can go straight to the point to unveil all the beautiful misunderstandings of HDB flats in this episode. Do take note that what I am going to say may not be what you like to hear. Because the naked truth is often disturbing and unpleasant. Below are the six...

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How the US-China Trade War is making the crazy rich Chinese poorer

Last Thursday, Donald Trump imposed new trade tariffs against China with 25 percent duties on 279 product categories worth a total of US$16 billion. China immediately responded by imposing retaliatory taxes on the same value of imported US products in 333 product categories. Who is the winner or loser in the US? For China, since the total amount of export to US (USD506 billion in 2017) is much higher than import from US (USD130 billion in 2017), it is not possible to come up with a reciprocal amount in retaliatory tariffs. However, China can take revenge by making it...

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Finding and Managing Residential Rental Properties Workshop

Vina Ip is a property enthusiast who bought her first condominium unit for rent since 2002. In the next 4½ years, she built up a portfolio of 5 private properties. By 2008, its total value had more than doubled. By 2011, she sold 4 of her properties, realizing a net profit of 80 to 120 percent. In 2010, she set up a personal blog PropertySoul.com to share her experiences as a property investor. In 2014, she published her first book No B.S. Guide to Property Investment. which was a bestseller in Kinokuniya and Times. She is also the founder of Property Club Singapore – a neutral...

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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...

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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...

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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...

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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:...

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