Author: Property Soul

Buyers beware: Misleading message on overseas properties

If you have been following my youtube channel and have watched my last podcast “The Truth Behind The New Curbs”, you might remember what I said at the end of the video: “Good or bad days, property agents still need to make a living … Very soon you will see companies selling alternative investment and agents marketing overseas properties again. The latter will claim to have no ABSD and seller stamp duty, easy to obtain mortgages and attractive returns.” In fact, this came faster than you could ever imagine. It’s only half of the full picture On the same...

Read More

E-learning Course: Buying My First Private Property

Our last Buying My First Private Property 1-day workshop was held on April 7. As expected, there are people who miss it and ask for a re-run again. Over the last four years, I have received feedback from people who suggest workshops to be held on weekday evenings. Weekends are their family days. There are also some blog readers who are not staying in Singapore, or are currently based overseas on a job assignment. E-learning is the best solution here – you can learn online whenever and wherever you prefer, during your free time and at your own pace....

Read More

Podcast Ep#9: The Truth Behind The New Curbs

Here comes part two of the new cooling measures show with the government raising five percent Additional Buyer Stamp Duty and lowering five percent for Loan-to-Value on July 5. In the midst of frantic last-minute buyers and discontented industry stakeholders, let me show you the true picture in this video: 1. How analysts prove to be the worst predictors again? 2. Where is the euphoria in the market? 3. What will happen to the buyers now? 4. Are developers done with building land banks? 5. How safe are our banks and their loans? 6. What is going to happen...

Read More

New cooling measures: The show has just begun

What a roller-coaster week for Singapore’s real estate market. It is a surprisingly well-coordinated good show put up by the Singapore government, complemented by the parts played by different stakeholders in the industry, with an unexpected ending of the cooling measures announcement. The show leading to the announcement Day 1: URA Q2 Estimate and PropNex IPO The show kicked off on Monday when URA showed an increase of 3.4 percent in its flash estimate’s of 2nd Quarter 2018 private residential property price index. The media reported the good news and the analysts cheered for another good year for the...

Read More

5 property lessons from my early years in Singapore

30 June 2018 is a special date to me. It marks the 20th year of my relocation to Singapore. On 30 June 1998, I boarded a flight departing for Singapore, with a luggage of personal belongings and banknotes equivalent to six hundred Singapore dollars. When you are in your 20s, you don’t think too much because you have nothing much to lose. In the midst of the Asian Financial Crisis, as a foreigner I was lucky to find a job paying S$4,000 a month. Not a lot but enough to pay my rent, living expenses and student loan instalments,...

Read More

The best kept secret in this market

Have you come across a hidden gem in the property market shared by someone from the industry? Did anyone tell you that he knows the best kept secret about a high return investment project? When was the last time somebody said he has insider news and told you to buy a stock that’s going to go up? Well, I hope you didn’t pick up too much of those top buys in the stock market recently. It looks like the bull market is changing its direction now. Are we officially in a bear market now? In barely two weeks’ time,...

Read More

Podcast Episode #8: Which Nationalities Are The Best/Worst Tenants?

Which nationalities are the best or the worst tenants? Being a landlord since 2002, and through chatting with fellow owners, I have my fair share of tenant stories. Let me clarify that this is not meant to be a racist podcast that stereotypes tenants in Singapore. It is not about stereotypes. It is about believing in somebody who will pay his rent on time, keep the property in good condition, and most importantly, won’t give you any trouble during his stay. As an owner, at the end of the day, you are only looking for peace of mind after...

Read More

More about buying condos in Bangkok

I received some questions from you after posting my latest podcast “Buying Condos in Bangkok” on my youtube channel. Let me try to address them in this blog post so other followers can read them too. How could people buy without doing their homework? I am not against anyone buying condos in Bangkok. If you love the city, like the project, and have the financial means to buy a holiday home there, why not? But it is surprising to see so many buyers who don’t bother to do their research before acquiring properties, whether it is in Singapore or...

Read More

Podcast Episode #7: Buying Condos in Bangkok

Last week I was on vacation in Bangkok. Of course I made use of the occasion to view properties there. Curious to know everything about buying condos in Bangkok? Come follow me to Bangkok now! In this episode, I will share with you: 1. Why and what foreigners buy – What are the 3 reasons for foreigners to buy properties in Thailand? – What kind of properties can you buy in Thailand? – Why you should buy completed properties only? – Which are the good locations to buy in Bangkok? 2. How a high-end condo looks like – How...

Read More

Property Soul Podcast Episode #6: Four Lessons Learnt From Scrapping of HSR

The most shocking news this week is no doubt the sudden decision of Malaysia to cancel the Kuala Lumpur-Singapore High Speed Rail project. What are the lessons learned for all of us? How big is the damage with scrapping of the high speed rail? Will it impact the Jurong Lake District development plan? How to survive and find opportunities out of the crisis? We will discuss all of them in this podcast. Watch the YouTube video below and share with me your thoughts. Don’t forget to subscribe to my YouTube channel. [embedded content] Share this:...

Read More

How FOMO in the past becomes a regret today

The most shocking news this week is the sudden announcement of Malaysia to terminate the Kuala Lumpur-Singapore High Speed Rail (HSR) project. When Dr Mahathir declared that “Malaysia’s decision to scrap the HSR project is final”, his words immediately shattered the dreams of developers and home buyers who place high hopes on the value appreciation of properties near the planned railway stations. Now what for Jurong Lake District? The original plan of HSR is to set up eight stations, namely Kuala Lumpur, Sepang-Putrajaya, Seremban, Ayer Keroh, Muar, Batu Pahat, Iskandar Puteri and Singapore. In Singapore, the HSR station is...

Read More

Property Soul Podcast Episode #5: Four Lessons learnt From Old HDB Flats

Recently, there is public concern over what will happen to old HDB flats with less than 60 years in their remaining lease. There are 4 important lessons we learned from this matter. I will cover them in details in this podcast: Lesson #1: HDB flats is for your stay, not for investment. Lesson #2: The… [read more] The post Property Soul Podcast Episode #5: Four Lessons learnt From Old HDB Flats appeared first on Property...

Read More

4 questions to 5 projections from DBS property report

I read with bewilderment Today newspaper’s May 16 article titled “New private homes to cost up to S$2,900 psf on average by 2030: DBS report”. The five projections of DBS on Singapore’s property projections in 2030 caught my attention: 1. Singapore’s population to hit 6.3 million to 6.5 million 2. Homeowners’ incomes to grow at compound growth rate of 1.5 percent to 3.2 percent 3 New private homes to cost between S$2,300 and S$2,900 psf 4. Demand from HDB upgraders and foreigners for private units to reach 12,000 and 16,000 5. Average size of private units to shrink to...

Read More

Property Soul Podcast Episode #4: Mahathir, China Projects and Forest City

This week all eyes are on Mahathir Mohamad after he won the Malaysia General election. While Singaporeans are concerned about any possible change in infrastructure projects with Malaysia, the Chinese have more reasons to worry. During his election campaign, Mahathir already emphasized repeatedly that he will re-exam all China-linked projects in the country. Is Mahathir a threat to China’s investments in Malaysia? In this podcast, we will discuss: 1. Which China investment projects are at stake now? – How much has China invested in real estate and infrastructure under ‘One Belt One Road’? – Which projects are likely to...

Read More

5 home selling mistakes owners can’t stop making

After I published my last blog post “5 property buying mistakes buyers can’t stop making”, reader cobweb left a comment asking me for “5 mistakes sellers make”. As an obliging blogger, I immediately answered his request with my next post titled “5 home selling mistakes owners can’t stop making”. I have been to hundreds of flat viewings, bought five private homes and sold four of them. The following is the learnings based on my observations of home sellers and my experience as one. If you are planning to let go of your property, please avoid making these common home...

Read More

Like us on Facebook

Follow us on Twitter