How to find a good and reliable real estate agent

The following post is excerpted from the newly launched Secrets of Singapore Property Gurus, in an interview with Mohamed Ismail Gafoor, CEO of PropNex Realty. Click here to get your copy now. A good real estate agent adds value to the investor’s assets through sound advice on property investment and reliably facilitating an investor’s property [...] … [Read more...]

Secrets of Singapore Property Gurus

I’m excited to tell you about a project I’ve been working on for quite a while that is finally ready to launch. Basically what I’ve done is to go out and interview the TOP property gurus on every aspect of property investing, and distill that down into a 188 page book that is packed with [...] … [Read more...]

Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (8)

Read? Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (7) I am glad that someone like Dr. Michael Leong who is well-known and respected local BB has the same view of paying off housing loan asap. Guess who are telling you to take the longest housing loan that you can find?  Are these people from the property or housing loans industry? Think about it. You probably know … [Read more...]

Why property is no longer an excellent Investment-Part 2 ( Continued)

This post is a continuation of part 1.Please read the link first. Based on the parameters and the given scenario ( Price stagnates, no capital appreciation) , below is the layout of the spreadsheet. Sold within 1 year of purchase By the end of the 1st month, if the property is sold, the percentage loss is 42.85%. When this loss is annualised, the percentage loss is 514% per annum. By the … [Read more...]

Why property is no longer an excellent investment (Part 1-to be continued)

Been debating with a friend on whether property is a good investment for ages!The problem with this debate is both of us just throw out qualitative statements about the good and bad of it. I gave up. Took out a spreadsheet and did a property calculator. Let this spreadsheet be the end of such meaningless debate. I have inputted the new rules implemented this January 2011. The following parameters … [Read more...]

Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (7)

Read? Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (6) Another colleague told me two years ago she has fully paid for her home by 41. The couple is now looking into either investing in another property for rental income or investing in blue chips. So it is not true that people nowsadays don't choose not to pay off their home as early as possible. Did the couple really … [Read more...]

2nd MasterYourFinance.com Gathering – 24 Jan 11

Dennis shared about the recent property measures implemented by the government as well as some of the impacts to the market during the 2nd MasterYourFinance.com gathering: Seller stamp duty has increased from 2% to 16% for first year, 12% within 2 years, 8% within 3 years, and 4% within 4 years. Compared to Hong Kong at 15%. This is worse than capital gain tax because for the latter, you pay tax … [Read more...]

Four DBSS projects to watch in 2011

The following article is by the folks at H88.com.sg, a property news and classifieds site. Our obsession with lists compelled us to put together this piece, which we hope might help some of you in your hunt to find the perfect DBSS flat as your first home. Following The Peak @ Toa Payoh (2009), four [...] … [Read more...]

The key is to look at demand and supply

Originally published in Today, this article is posted here with the kind permission of the author Ku Swee Yong, founder of real estate agency International Property Advisor, which provides services to high net worth individuals. We need good data and solid reference points to navigate towards investment decisions. A good source of raw data, with [...] … [Read more...]

Restoring sanity to property prices

Originally published in Today, this article is posted here with the kind permission of the author Ku Swee Yong, founder of real estate agency International Property Advisor, which provides services to high net worth individuals. When the latest property measures were unveiled on Jan 13, it took most market watchers by surprise, mainly because we [...] … [Read more...]

Singapore Interest Rate since 1988

Read? Fed Rate up, STI down? One of my friends has attended a property investing seminar and the attendees were shown a chart on past years Singapore interest rate and highest rate reached at around 4%. At such low rate property investors  can easily recover the interests payment with rentals. Here is the Singapore Interest Rate since 1998. The official interest rate is … [Read more...]

Property thoughts

I must admit I caught the property fever for the past year. I have been actively looking, together with property agents for a completed property for rental income. Why not? My current portfolio yields about $2,500 monthly without any spectacular leveraging. I was considering to liquidate a portion of it, take advantage of the current low interest rates to put a down payment of 20% for a $1M home. … [Read more...]

To Rent or Buy?

To rent or to buy? First of all, I will not talk about the rule of thumb used by economist: if the home price is 15 times higher than the annual rent for a similar property, it is better to rent. Nor will I talk about financial worksheets of formulas and ratios used by accountants to determine whether it’s better to lease or buy a property. No, I won’t mention them. (Smile) What I will … [Read more...]

Papaya measures to curb property prices

This is a good piece of news to me as a concerned Singaporeans and probably to many of our fellow friends who are looking towards buying their first property and yet being deprived by the speculators. The measures taken in September last year are too soft which in my opinion are not effective. The measures taken back then only reduce the crazy mode to a less crazy mode. Previously it rose at a … [Read more...]