Author: Property Soul

The best advice for home buyers

A Hong Kong actress met a renowned fengshui master recently at a press conference. With Chinese New Year approaching, she asked him about her relationship in the new year. “You will find Mr. Right these two years. If you want a good marriage, remember one thing: No need to find a very good man. Just don’t pick a 衰人 (bad guy).” This is the best relationship advice I’ve heard from a fortune teller! The first prediction is a self-fulfilling prophecy. If the actress believes what the fengshui master said, from now on she will start focusing more on her...

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Lessons learned from the fall of bitcoin

Last Friday, the cryptocurrency market suffered an irrational sell-off. An estimated $115 billion worth of different digital coins were wiped off in a single day. What happened to bitcoin? In less than 13 hours, the price of bitcoin plunged 15 percent to USD7,700, before bouncing back to the USD9,000 level on Saturday. As I am writing this, the price of bitcoin continues dropping below the USD8,000 level. Bad news keeps coming for bitcoin. First, it was the regulatory crackdown by China, India and South Korea. This was followed by payment processor Stripe’s announcement that it is no longer accepting...

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4 major concerns over Oxley’s game plan

I attended Oxley Holdings’ 2QFY2018 results briefing last Friday and left the meeting with four concerns regarding the Singapore developer’s strategic directions. 1st Concern: New projects have to be launched ASAP Oxley’s quarterly results ending 31 December 2017 was filed with SGX on Thursday evening. Below is the summary of the developer’s financial performance comparing with the previous year (2QFY2017) by Business Times: – Revenue tumbled 33 percent to S$406.1 million – Net profit fell 45 percent to S$68 million – Earnings per share dropped 42 percent to 2.1 Singapore cents The unimpressive performance is the result of no...

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Bad seminars sucks! 4 traits you are joining one

Do you know the differences between useful and useless seminars? A gentleman went twice to our Property Club Singapore seminars. I told him it is more worthwhile to sign up as a lifetime member for $99 and pay member fee to attend all the events. “Better not. I already joined a few property groups and spent a few thousand dollars every time to attend their seminars. They were not as useful as I thought. I would see whether I should join your club later.” I was puzzled. How is it possible for someone to have no clue in telling...

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Helping you make money with your money

A girlfriend was tired of being single and looked for Mr Right from popular online dating sites and dating apps. She soon found a guy who met her quality checklist – decent looking, well-educated and with good sense of humour. He is also a professional working in the financial industry. They met for dinner after communicating online for some time. He was friendly and interesting in person. They had some good conversations. Everything went well. When it’s time for dessert, he asked whether she found herself overwork at times. She thought it’s a fact of life working hard to...

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Reading Property Signs in the Year of the Dog

Reading Property Signs In the Year of the DogAn education seminar by Property Club Singapore Event Details Date : January 13, 2018 (Saturday)Time : 10 a.m. – 2 p.m.Venue: OUE Downtown 2 Agenda Digging the Truth In A Market With Mixed SignalsTay Kah Poh, Executive Director and Head of Residential Sales & Leasing, Knight Frank Singapore– Latest market data and trends on new launch, resale and rental– Not the same breed: varied performances of residential districts and property classes– Local property opportunities and risks in 2018 Year of the Dog: How Not to Bark Up the Wrong TreeVina Ip,...

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How to Buy Good Quality Properties 1-Day Workshop

How to Buy Good Quality Properties 1-Day Workshop (Jan 20, 2018) A workshop by Property Club Singapore Synopsis Do you know how to choose the best unit in a property development and the best house in the street? Do you know if you want to lease or sell your properties faster and at a rate higher than the competition, the project, direction, facing, layout, fengshui, etc. can make all the difference? Unfortunately, many property buyers have no clue. Are you one of them? The trainer will share with you how to pick good quality properties from her knowledge and...

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Singapore’s latest demographics: what it means for housing

The best property analysis released these days is not about the red-hot en bloc fever, or the optimistic projection of possible growth for the property market in 2018. The only recent piece of analysis that leaves much food for thought is Ku Swee Yong’s three-part articles on “Big Singapore Market Upgrade – Hype or Reality?” where he questions Morgan Stanley’s remarks about “property prices on track to double by 2030”. In particular, Mr Ku provides his personal data and analyses to highlight three important facts which I can’t agree with him more: 1. Low population growth; 2. Home ownership...

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3 strategies to avoid buying properties out of paiseh

Throughout my career, compared with being a department head in the management team, it is more satisfying to be an independent property blogger – I have absolute freedom to write what I like, say what I believe is right, and tell the truth from my heart. In return, I receive messages from readers who also bare their heart to share their property stories. Once in a while, there are sad stories from homebuyers or investors who regretted buying the wrong thing at the wrong price. Some of them said they didn’t plan to buy in the first place. It...

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Thoughts from the release of PSLE results

Last Friday was an exciting day for me as I joined the parents of 38,942 primary six students who had their PSLE (Primary School Leaving Examination) results released on Black Friday. The PSLE result experience It was done in the school hall where all the pupils sat in lines on the floor. Their equally-anxious parents were seated behind at the back of the hall. Before my elder daughter joined her classmates, I reassured her that I would be proud of her regardless of her PSLE score, and my love for her would not change. When the clock struck eleven,...

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To live a long life for properties

Do you know there are at least 3 scenarios that you need to stay healthy and live a reasonably long life for the sake of properties? Scenario 1: When you need to pay a 35-year mortgage. Scenario 2: When you buy your property at a historically-high price. Scenario 3: When you are really into property investment. Scenario 1: If you have a 35-year mortgage According to a survey by Department of Statistics in 2016, the median age at first marriage for Singapore guys is 30.3. Our culture equates tying the knot with applying for a flat. Assuming that you...

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The 7 deadly sins of Singapore property buyers

I was recently invited to speak at the Investors Exchange organized by BIGScribe – a half-day seminar offering retail investors useful investment advice and concepts from successful investors. I could have chosen the title “7 Common Mistakes of Singapore Property Buyers”. But no one likes to admit that they have made a mistake. So I call it “7 Deadly Sins” instead to highlight the sinful “temptations” faced by many property buyers. Sin #1: The “worship” of properties Singapore is a property-crazy nation and Singaporeans are property-obsessed. What is the Singapore dream? Firstly, apply for an HDB or BTO flat....

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The day I bought my first private property

In the evening of 30 June 1998, I arrived in Singapore alone with a luggage of personal belongings and some cash equivalent to S$600. In a few days’ time, I would start a job paying S$4,000 a month. I was grateful to find employment in the midst of the Asian Financial Crisis. The next morning I went to POSB to open a savings account. After I deposited all my S$600, I was told that I should go to a foreign bank that I had an account in my hometown in order to send money home every month to my...

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3-3-5 rule now endorsed by the CPF Board

It is official. CPF Board just endorsed Property Soul’s 3-3-5 rule. The statutory board recently published an article “How to use the 3-3-5 rule to consider if you can afford your new home” in its “Are You Ready?” portal. “Are You Ready?” is an initiative by the CPF Board to educate Singaporeans on how to plan for major financial decisions at different stages of their life cycle – from starting work, getting married, buying a house to planning for retirement. The article also comes with an infographic using guidelines from the 3-3-5 affordability test for home buyers to calculate...

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Chinese developers: Who exactly are they?

Since the start of the year, cash-rich property developers from mainland China have been actively participating in Government Land Sales (GLS) tenders. Aiming to expand their footprint in Singapore, they have set new records in bidding prices for residential sites. This is no doubt a big windfall for the government. But not for local developers who may be involuntarily priced out of their hometown by the better-off counterparts from China. Facing thin margins and depleting land bank, they may have to explore the collective sale market or venture abroad for greener pastures. Aggressive globalization of Chinese developers On the...

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