Are Singapore developers forced to walk a tightrope?

Government Land Sales for residential sites in Singapore just crossed the S$1 billion mark. A 99-year leasehold site in Queenstown Stirling Road was sold at a top bid of S$1.003 billion. (Read article in Bloomberg.) The winning consortium is China’s Nanshan Group and Logan Property (a Chinese developer listed in Hong Kong). Nanshan has been eyeing at the Singapore property market for long. In … [Read more...]

The Tale Of Three Old Men In The Same Office Space (True Story) – 2

Read? The Tale Of Three Old Men In The Same Office Space (True Story) After reading this ---> Exclude this, exclude that... Lets return to the HDB heartlands. Even without a 2nd investment/rental property, those who treat the humble HDB flat as an investment would play the 2 bites of the cherry, upgrade, downgrade game. Look around your relatives, neighbours, colleagues and … [Read more...]

Chiong Housing Loan or Take It Slow?

I was chatting with a friend and congratulating him on getting his BTO a while back. I got a 4 room HDB for 430k while he got a 5 room HDB for 590k (both of ours are on mature estate and what a huge difference!). One of our conversation was on how he plans to take up a 10 years HDB housing loan and repaid it ASAP. I was telling him that he should start investing and let the money compound instead … [Read more...]

Nano apartments less than 200 sq ft in area for Singapore?

Do you know that a car park lot in Singapore must be at least 124 sq ft in area? That is the rule by LTA. Do you know how big is the smallest flat in Hong Kong? According to an article in The Sunday Times, it is 61.4 sq ft! That is smaller than the smallest hotel room I have ever stayed in! There are more and more homes which are less than 200 sq ft in size being built in Hong Kong and they … [Read more...]

Landed property as an investment?

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Recently I’ve been asked my a close friend if I would purchase a landed property as an investment… So I spotted a real nice Terraced Flat (3B/2T/Full renovated/1.5k SQF/99 Years/Terraced/Prime location) online going for $850k and decided to use that as a comparison to a REIT etf. These are factors I took into consideration: Total cost of the property Downpayment (20% of Property Price = … [Read more...]

To rent or to buy: Rule of 15 revisited.

Reader: My bf and me are both PR. And the topic of housing is always a big question mark to us. Both of us is not eligible to buy BTO, unless one of us convert to SC and this option will take longer time (apply SC, BTO...) We are not married yet, so not eligible to purchase resale HDB flat. My bf and his brother in law invested in a shoebox apartment in Singapore. So, even if we marry, … [Read more...]

Why do I choose to stay in a condo?

This is for readers who do not follow me in Facebook and for those who do not read comments in Facebook. Reader: By the way , there is nothing wrong to stay at condo also what ... ( AK also stays at condo ) , so long you can afford it , why not ? You work so hard , deserve to upgrade and enjoy also . Save tons of money and not using it also can't bring them with you one day . So , we don't … [Read more...]

How much do you need to buy a resale flat in Singapore?

So you have been dating for some time with your other half, and would like to get married. Most of your friends around you have gone for a BTO flat but you don't want to wait that long. Somehow, you ponder and think about getting a resale flat, but you are unsure whether you have enough. Many people like you have the same question. That's why this post was written, to shed more light on how … [Read more...]

It’s not bottoming-out. It’s dead cat bounce.

How do I know home buying sentiments have improved? Answer: When I receive more email asking me which units to buy in a new project than email regretting buying at new launches. If property purchase sentiments are weak, there is a reverse in the number of messages from both sides. Very accurate. No need to conduct any survey. Now is the perfect time to launch There is usually a … [Read more...]

Short Housing Conclusions May 2017

Since my previous post, I have been ravenously reading up about property - more so than my usual latent interest.One of my more detailed previous posts that I re-read was a long one about BNP's property research report. Since 2015 wasn't over since the report was published and we are already in 2017 now, I found the relevant 2015 and 2016 numbers and plugged it into the model. Unsurprisingly, at … [Read more...]

Investing in Singapore Property: The Ultimate Guide

Singapore’s transformation from a malarial swamp to one of the richest nations in the world has been nothing short of astonishing. Its strategic location along the Strait of Malacca, a pro-business government, openness to foreign investment, along with a bit of ingenuity have all helped the country leap forward over the past few decades. Having the most developed economy in the region and … [Read more...]

Upgrading from 4 room flat to executive condominium.

Reader: Hi AK, I have been scouring your blog and other cpf articles but need your advice. I currently have about 67k in my cpf OA (I refunded my OA with cash for my hdb installments which I previously paid using OA, thus considered cash payment for my hdb) And 63k in my SA (due to yearly top up). I am turning 30 this year. I started using cash to continue paying for my hdb installments … [Read more...]

Worried about upgrading your home?

Reader: I remembered you mentioned that our home is consumable. Not a asset. AK: Our home, if fully paid, is an asset. It is just not an income generating asset. ;) Reader: I'm contemplating job change after many years in same company so upgrading also a bit worried. AK: It would be very nice to do something you love. Reader: Just like you now.. be farmer at home and watch … [Read more...]

Time to put on my Property Hat

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A property that I have been stalking has recently had it's hopeless owners panic a bit. I am seeing double the number of listings and some particular unit owners are getting desperate. I've been on the sidelines observing for a while, but I think I need to start getting my act together.I've got to get back into my property mode with my head screwed on straight. That means me learning about all the … [Read more...]

Time to put on my Property Hat

giphy.gif

A property that I have been stalking has recently had it's hopeless owners panic a bit. I am seeing double the number of listings and some particular unit owners are getting desperate. I've been on the sidelines observing for a while, but I think I need to start getting my act together.I've got to get back into my property mode with my head screwed on straight. That means me learning about all the … [Read more...]

How to Buy Good Quality Properties 1-Day Workshop (May 14, 2017)

How to Buy Good Quality Properties 1-Day Workshop 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? … [Read more...]

Is property a good investment in times of war?

The Easter weekend was filled with tensions. It started with Donald Trump using Afghanistan as a testing ground for the Mother Of All Bombs and killed 96 Islamic State militants. This was followed by a failed missile launch by North Korea on Sunday. US Vice-President Mike Pence warned that ‘the era of strategic patience is over’. Suddenly, everyone is on their toes. A war sounds … [Read more...]

HDB Lease does Expire – How you can Win with your HDB Flats

A portion of Singaporeans got a jolt these few weeks when National Development Minister Lawrence Wong said that not all the old HDB flats are eligible for Selective En bloc Redevelopment Scheme (Sers). Under SERS, the HDB acquires ageing blocks for redevelopment, compensates residents at market rates for their old flats and lets them buy new units nearby at subsidized rates. What shocked … [Read more...]

Good time to buy investment property now.

Dear AK, Morgan Stanley thinks that property prices in Singapore will double by 2030. Is a good time to buy investment property now? Source: AsiaOne. AK replies: No one can say what the future holds with total confidence. Of course, people could and some would continue to make predictions for any number of reasons. I do know that there were times in the past and also … [Read more...]