Trust is a scarce commodity in properties

In properties, market confidence determines the boom and doom of the industry. To property buyers and investors, trust can make or break a deal. In this digital world, trust is more valued than ever. Unfortunately, trust is increasingly rare to be found in industry stakeholders and the mass media. Have something up your sleeve? It is interesting to see how the stakeholders with vested … [Read more...]

Housing Choice link to Retirement Comfort ! ( STE photos sharing )

Much been written about “Housing choice vs Retirement comfort “ , another types of Cs in our financial planning. Life is full of “choices “ , one may choose to “stay single or marry “, to “have kids or be DINKs “ , to “climb the corporate ladder or be a freelancer” , to “save more or spend more “ , to “save or invest “ , to “buy a health insurance or take the risk ( bo chap)”……and the list goes … [Read more...]

Housing Finances – How Much Will Your First BTO Cost You?

Although we’ve yet to apply for our BTO, I’ve been asked to share my plans and financial calculations, so here goes! Hopefully this will help those of you who need a guide on how to plan your finances for your housing needs. I previously wrote about waiting for the February 2017 BTO launch, but unfortunately neither Bukit Batok nor Sengkang appealed to my fiancé and I as we prefer to stay … [Read more...]

Couple Talk: EC or Resale

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I've dated my partner for close to 5 years. I always joke that I gave him my youth (that's true). 5 years is a long time. I also joked about how if we're fortunate enough, we would already have a baby (好命的话,我的baby可能1岁咯). Unfortunately, we have been sorely unsuccessful in getting a flat. I probably am more anxious than him because I feel like I've an expiry date, and my biological clock is … [Read more...]

Unbiased New Launch Review – Forest Woods

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By KK Tong (guest contributor) Launched in early October 2016, Forest Woods showed a strong response from buyers as 337 out of 519 units were sold on the launch weekend. Located at Lorong Lew Lian in District 19, this 99-year leasehold development is jointly developed by CDL, Hong Leong, and TID. A total of 519 units sit on a plot size of 150,712 square feet. TOP is expected to be in May … [Read more...]

A tale of two HDB flats by Darles Chickens.

Chinese New Year is a time of family bonding, catching up with friends and also gossiping. What? Gossiping is not a Chinese New Year tradition? Alamak.  Oh, it is something we do daily? OK lor. Since this is the Year of the Chicken (What? Not Chicken? Is Rooster? Rooster is not a Chicken meh?), I present to you "A tale of two HDB flats" by Darles Chickens. Gossip Tale … [Read more...]

1st guest post from Ted of Redbrick

I receive no rewards/ compensation of whatsoever from this blog post. My intention is simple, someone ask me for help, I help. Red brick, is talking about HdB loans options. I do not see how providing convenient to Ted in this case can anyway turn out detrimental to my readers and I believe the info might be quite useful. Again, I emphasized, I do not endorse anything and receive nothing in … [Read more...]

4 reasons why Hong Kong’s new stamp duty can’t save Singapore’s property market

Bloomberg just published an article on ‘Hong Kong Property Tax May Help End Singapore’s Housing Slump’ (Bloomberg, Jan 19). The journalist cites the remarks of a Cushman & Wakefield spokesperson that foreign buyers may turn to Singapore after the 15 percent increase (30 percent in total) of stamp duty in Hong Kong. This can benefit Singapore to end the slide of property prices this year, … [Read more...]

Why I DIDN’T chose a 30 year bank loan but a much shorter one???

Read more on ? Housing Loan A few questions to be seriously answered before we know whether we ARE LIKELY to be right in the future. (1) You seriously think that you won't get married and have kids. (2) You don't REALLY have any dependents counting on you alone. (3) You don't foresee you will be forced into unexpected early retirement If the answer is all YES! You can go ahead … [Read more...]

A Prediction About Properties 13 Years Ago

Before I became a blogger in 2012, I contributed to the Straits Times (ST) Forum Page once in a blue moon. My first letter was written in Dec 2004 and discussed the issue of whether downgrading homes was a viable means of providing for retirement. I was 29 that year. Certainly, I was not thinking of retirement then, but what aroused my interest a few years earlier was whether properties could be a … [Read more...]

Choosing A Longer HDB Loan

A comment by Andy from Tacomob in a previous post on HDB loans led to this post. I was sufficiently intrigued to try and dig out my calculations from 5 years ago. Unfortunately, they are nowhere to be found. Heck, so I made new ones! This time, I cheated by using a financial calculator app, though. Sidetrack a little for now – I saw this post yesterday on buying a first home and the … [Read more...]

Upscale Property Cracks Emerging?

Just saw this interesting article on the Straits Times: Banker buys out 45 of the 55 units of an upscale FH condo in town. 45 out of 55 is kind of absurd, isn't it? Since it was a bulk deal, he managed to get in at $2300psf, or an 18% discount. For a FH condo in town, that really isnt too bad. It's 2 blocks away from an upcoming TEL station and just down the road from the Botanic … [Read more...]

Year of the Rooster Property Strategies

On January 15, over 80 attended the 2017 Singapore Property Strategies and Opportunities in Auctions education seminar organized by Property Club Singapore. My presentation topic was ‘Year of the Rooster Property Strategies for Buyers and Investors’ that covered the following points: – What are the likely scenarios? – Is the market slowing down or bottoming out? – What are the strategies … [Read more...]

Infographic – All You Need To Know About HDB Loan And Bank Loan (Guest Post)

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Buying a HDB flat for the first time can be an intimidating experience. It’s probably the first big ticket purchase in your life that will take the next couple of decades to pay off, so you’d definitely want to rake in as much savings as you can. Perhaps you have not really thought about what kind of loan to take up. If you don’t already know, you have a choice between taking up a HDB or bank … [Read more...]

Can’t Get BTO Flat? What Are The Other Options Available?

Applying for a BTO may not be as easy as it seems with many couples trying many times and still can't get the flat they want. BTO stands for Build To Order where the government will launch new flats every 3 months for couples to try their luck in getting one of the units. The November 2016 BTO was especially hot with good areas such as Bedok, Kallang and Bidadari (Toa Payoh). All these locations … [Read more...]

GEPIC 2017 – FREE TICKETS FOR PROPWISE SUBSCRIBERS!

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There will be a Global Economics and Property Investment Convention (GEPIC) 2017 this coming 15 February. This seminar is strictly educational and will provide you an outlook of the economy, property market, and disruptive technology. This year, we have invited 3 renowned speakers to share on the following exciting topics: 1)      The Future of Global Economics – Mr. Song Seng Wun Mr. … [Read more...]

Income Review 2016

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Not many streams of income left in 2016 that will bring me into 2017, having liquidate most of my positions to purchase a second home. Passive income: As can be seen... my passive income dropped from 2016 as compared to previous years. Liquidated most of my assets to get another house which i am currently staying in. So it will be like a fresh start in 2017 when i try to build up my … [Read more...]

Why I think reducing the Starting Land Lease of HDB flats from 99 to 60 years won’t help much

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I bumped into a good friend not too long ago while I was on my way to a seminar. The conversation shifted again to one of the topics that we like to complain incessantly about, which is housing in Singapore is expensive. I made a resolution this year not to get into too many debates that lead nowhere but I do have a takeaway that some frightful things such as the fear of not being able to … [Read more...]

Important rules to find good bargains at auctions

Auction sale of properties are on the rise in a lackluster market plagued by slow rental and high vacancy. With a worsening economy, both auction properties and mortgagee sales are expected to flourish in 2017. A mortgagee sale happens when the owner of the property defaults on mortgage payment. The mortgage bank then steps in to repossess the property and put it up at auctions for … [Read more...]

How I Generated $900 Of Passive Income In Real Estate

There are many ways to invest in real estate and there’s no one right way to invest. People are becoming millionaires and billionaires using this asset class longer than stocks, bonds, and options. With the price of real estate out of reach for many ordinary people, many of you are probably curious to find out how I generated $900 of passive income each month. In this blog post, I’ll discuss how I … [Read more...]