Author: Property Soul

Book review by SG Wealth Builder

Below is a book review published in SG Wealth Builder: Many Singaporeans are obsessed with property investments but not many have been successful. Some have made a windfall, while many have lost a lot of money. Those who have become rich through property investments are reluctant to share their experiences and prefer to keep a low profile. This is understandable as who would want to reveal their secrets to being rich? Therefore, I was a bit skeptical initially when Property Soul asked me to do a book review on her newly launched book “No B.S. Guide to Property Investment...

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The day I found you

Paperbacks are available in stores now. All pre-orders have been sent. Please look out for it in your mail. Thank you for all your support! Happy...

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The resurrection of property prices

The past Easter holiday celebrates the resurrection of Jesus Christ from death on the third day, a critical belief in Christianity. By coincidence, the past Easter holiday also marks the resurrection of the purchase price for a private property bought in the mid-1990s by a friend of my father-in-law. I am not surprised that it takes him almost 20 years to break-even. I just wonder how many people are comfortable telling others how long it takes for their overpriced property to ‘return to life’ again. Why PPI can be deceiving? The Property Price Index (PPI) does show that the...

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My conversation with SG Young Investment

SG Young Investment is a blog that documents a young guy’s journey to financial freedom. I was interviewed by the blogger recently and below is a summary of the Q&As. You can read the full version here. Q: How and when did you get interested in property investment and what got you started? I come from a very humble background and I have dreamed of owning my own place from a very young age. I started researching about private properties after I relocated myself to Singapore in my 20s. And I finally bought my first private property for rent...

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An interview by BigFatPurse.com

Below is an abstract from a recent interview by BigFatPurse.com, a reputable Singapore financial website that provides sound stock investing advice to retail investors. Why the name Property Soul? I wouldn’t expect “Soul” to be related to property. I am an idealist. I wish all stakeholders in the property industry – including the developers, agents, marketers, lawyers, bankers, sellers and landlords – will ‘have a soul’ in their undertakings in property matters. What got you started in property investing? I am a property enthusiast. From a young age, I have been dreaming about owning my own place one day....

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“No B.S. Guide to Property Investment” Book Trailer

  Paperbacks and ebooks are available for online pre-order now (until April 12 by 12 pm). Below are the purchase points and available dates: 1. Paperbacks ($25) at PropertySoul.com Meet the Blogger Session on Apr 27 2. Pre-order online available till April 12 by 12 pm – Paperback (S$26.90) – eBook (S$23.90) – Paperback + eBook (S$29.90) 3. Paperbacks in bookstores (S$29.96) availability to be confirmed...

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PropertySoul.com Meet the Blogger Session

Dear readers, It has been a while since our first “Meet the Blogger” event. I am happy to announce that we are organizing our next meeting, with details as follows: Date: 27 April 2014 (Sunday) Time: 2.30 p.m. to 5 p.m. Venue: Marketing Institute of Singapore 51 Anson Road #03-53 Anson Centre Agenda 14.00 Registration and networking 14.30 Investment traps and tricks in today’s property market 15.30 Tea break (with light refreshment) 16.00 Secrets of successful property investors 17.00 End of event Content Topic: Dirty tricks and profitable secrets in property investment We will kick off the session with...

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It’s not easy to profit from your home

From 10 March 2014, the Housing Development Board only accepts valuation requests from resale flat buyers or their property agents after granting the Option to Purchase by the sellers. The Revised HDB Resale Procedure is believed to encourage buyers and sellers to focus their price discussions on the recent sales transactions, rather than the Cash Over Valuation (COV) that sellers expect buyers to pay on top of the flat’s value. Since when have HDB flats become a goldmine? Back in 1996, 2007 and 2010-2013, the media liked to pick up stories of HDB sales transactions that came with very...

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The changing faces of property new launch

With property developers rushing to launch new projects, the once quiet market is buzzing again. I spent a few Saturdays visiting the sales galleries of some property new launches, including the Jewel@Buangkok, Sant Ritz, Bartley Ridge, the Panorama, etc. I also went to see some mixed development like the VE NUE Residences, Midtown Residences and Nine Residences. When the sellers outnumbered the buyers URA just released the latest sales figures of new condos. Developers managed to sell a total of 724 units in February. It is 28 per cent higher than January but is still some 55 percent lower...

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Three biggest risks buying overseas properties

With the hands of property buyers tied by the TDSR rules, property marketers are making the most of the situation to hold overseas property seminars and exhibitions. I have no intention of selling you any foreign investment opportunity in my blog. Over the years, I have seen too many people who regret buying overseas properties. And their stories show that many buyers do not think carefully before they commit. Let me summarize the top three risks of buying properties in an overseas market: Risk #1: Foreign language and culture • How do the locals, especially your neighbors, see owners...

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A bank employee, a property purchase, and a tragic death

On 18 February 2014, a 33-year-old employee of JPMorgan Chase jumped to his death from the rooftop of the company’s 30-storey office building in Hong Kong. This is already the third suicide in three weeks for the financial institution. In January, a 39-year-old Vice President of Corporate and Investment Banking Technology plunged to his death at the bank’s 33-storey London office. He joined the company since 2004. Earlier this month, the body of a 37-year-old Executive Director of the Global Equities Group in the New York office was found in his suburban home. The Harvard graduate had been working...

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Finding great bargains in a Chinese New Year fair

We were in Hong Kong during Chinese New Year. Four of us stayed in an hotel’s family room overlooking the Victoria Park. The Victoria Park Lunar New Year Fair was just across the road. We decided to pay a visit the next morning. The first visit It was the largest flower market in Hong Kong, with 475 stalls occupying six soccer fields. Besides three rows of festive flower stalls, there were five rows of stalls selling Chinese New Year goodies and decorations, horse-themed souvenirs, and toys for all ages. We were overwhelmed by the varieties. But everything looked pricey:...

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How necessary is the exemption of the TDSR rules?

On Monday evening, the Monetary Authority of Singapore (MAS) suddenly issued a press release to broaden the existing exemption from the Total Debt Servicing Ratio (TDSR) rules introduced in June last year. Fine-tuning financing restrictions a norm? Financing restrictions introduced by MAS under the context of prudent borrowing are usually made effective the following day. However, it is not uncommon to see subsequent fine-tuning after the announcement. Motor vehicle loan is a good example: – On 25 February 2013, MAS imposed financing restrictions on car loans that cap maximum loan-to-value to 50 or 60 percent and loan tenure to...

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An interview with the CEO of PropertyGuru

Date: 21 January 2014 Venue: The Grand Hyatt Interviewee: Steve Melhuish, Co-Founder and CEO, PropertyGuru Q&As: PS = Property Soul Steve = Steve Melhuish PS: What do you think about the property market in 2013 and what is going to happen in 2014? Steve: 2013 is an important year with the cooling measures showing their impact on the reduction of transaction volumes in the first half of the year, followed by the softening of prices in the last two quarters. In 2014, with increased supply and declining prices, home buyers and investors will continue to adopt a wait-and-see approach and delay...

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