Stories By: Property Soul (164 Articles Found)

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Case studies: How private homebuyers ended up buying crap

I talked about the five miseries that unfortunate owners are facing in my last blog post. In response, there were messages from readers sharing their own sad stories. One of them commented that there is a 6th misery…

5 miseries that unfortunate owners are facing

I am writing this blog post for a minority group in our society – the unfortunate owners of private homes. Their number is not small but their voices are not heard. You might say: But these people have…

Office rents bottom out in Q3, to cautiously improve in Q4

For the first time since Q4 2019, prime grade office rents within the Raffles Place / Marina Bay precinct increased by 0.2% q-o-q to $9.98 psf pm. The hike comes as occupancy rates within the precinct remained relatively…

Panic buying of homes out of FOMO

Panic buying in a perceivable crisis under the out-of-stock fear is real. Remember Singaporeans’ panic buying and hoarding behaviour during every raise of Covid-19 alert level? Human beings under panic attack became irrational shoppers. More and more people…

What rental viewings told me about the leasing market

My long-time friend was recently relocated to Singapore a second time. When her stay home notice ended, I tagged along with her to go for rental viewings. We shortlisted many one and two-bedroom units that met her budget…

Why we only buy when prices are high

The title of this blog post is not meant to be sarcastic. It is about human nature to follow the herd, especially the irrational urge to buy something when prices are high. A second-hand HDB home for over…

What happened to buyers who overpaid at new launch?

This blog post will share with you the bloody truth of buyers who overpaid for their homes at new launch. We will also look at condominiums that once set new price record in their respective district during launch…

The truths behind our higher incomes in census 2020

DOS released the latest Singapore Census of Population 2020 last month. The results show that Singapore residents are earning higher incomes. Also, those households in the highest income bracket of $20,000 and over make up the biggest group…

Are retail and office properties still safe bets?

It has been five weeks since the country was under Phase 2 Heightened Alert. Drawing from the experience of last year’s circuit breaker, we have established a routine at home. With no dining out, every day I will…

Is property the reason why Singaporeans are not among the smartest in the world?

1) We are contented with a little luck and small successes – Our new generation tends to be contented with just a little luck in life – Find the right person to apply for a new BTO flat.…

Behind the “sins” of the property market

1) Buy spokespersons’ interpretations of property data – Why is it surprising to see new sales doubled from 645 units in Feb to 1,296 units in Mar? How many homebuyers and agents are free to buy and sell…

When a fling becomes a thing

Are you tempted to chase after surging prices of hot stocks to make some easy money? Do you often jump on the bandwagon of hot investments for fear of missing out any profit? A fling is an affair…

How well are developers’ new projects selling?

Normanton Park is the biggest new condominium launch since the start of 2021. Before the end of the launch weekend on Jan 17 Sun 6 pm, ST and BT published unanimously a celebratory headline online that read “Normanton…

Why homebuyers do the wrong things

Once we were invited to a friend’s housewarming party. The young couple was pleased to show us around. Suddenly, the wife lamented that they were upset about the agent who sold them the flat and the contractor who…

Best deals in the market as of December 31

What is the biggest difference between an ordinary shopper and a bargain hunter, or an average homebuyer and a value investor? They are two distinctive types of people who have totally different definitions of value-for-money, what they consider…

Another unpublished letter to The Straits Times Forum

Last Tues, MAS has urged households to be prudent when taking up new debt or committing to property purchase. Coincidentally, I have written to the editor of ST on the same subject. Unfortunately, it ended up the same…

Ecohouse conman finally arrested

Ecohouse, a fake Brazilian public housing development, used to be the most popular overseas property project among Singapore investors back in 2012. Two years later, after it closed its office at Suntec City, more than 800 Singapore victims…

Always question what the media tells you

1) How neutral are the spokespersons? – Our media tends to interview industry stakeholders and quote their comments in catchy headlines. It is awkward to ask real estate executives what they think about the property market when their…

My love-hate relationship with CPF

I became a Singapore PR under the AIP scheme the year I relocated to Singapore in 1998. My Singapore citizenship was approved four years later. CPF was something new to me. Initially, I was not comfortable with it.…

Busting six property myths of the Ghost Month

1) You cannot go property viewing during the Ghost Month – Despite what others tell you, it is perfectly fine to arrange property viewings. Just remember that before you make your entry, say this aloud or in your…

How to save air travel, retail and Reit

How much bad news can we take in one week? Singapore’s unemployment rate hit 2.9 per cent in the second quarter. As if it is not bad enough, GIC reported its worst annualized return since 2009. July ends…

A never-published letter to the Straits Times forum

Below is a letter I wrote to the editor of ST three weeks ago. Unfortunately, it was not picked up and has never been published in the ST forum. Let me share the content of the letter in…

Coronavirus crisis will prove survival of the fittest

Survival of the fittest is a Darwinian evolutionary theory that believes during natural selection the weak die, leaving only the strongest to continue living and reproduction. With coronavirus lingering for over two months, we learn that this disease…

3 important lessons we learned from coronavirus

1) The big boys are playing the musical chair game again – See who ends up holding the hot potatoes when the music stops. Knowing the uncertainties ahead, developers and property agents are doing whatever they can to…

The courage to find the truth in new launches

Back in Nov 2018, I have been reporting the high number of returned units for new launch projects. Contrary to what was reported in the media, the impressive number of new units sold could never tally with URA…

Seeing the impact of coronavirus on retailers in one day

Singapore moved up coronavirus outbreak alert to orange in the late afternoon last Fri. The next day I went for my routine trip to the wet market after my morning jog. It was crowded with people stocking up…

How coronavirus may impact properties: Lessons from SARS

2020 Year of the Rat is not just another Lunar New Year. Everyone received far more updates on Wuhan coronavirus than auspicious greetings. SARS happened between Nov 2002 and July 2003, with 8,098 cases and a death toll…

Is home ownership irrelevant for Generation Z?

I notice there are more and more neighbours showing an orange colour triangle label on their car’s front screen. All the kids around have grown up and they are all driving their parents’ cars. My 14-year-old daughter wonders…

Will the cooling new sales market be frozen 2?

To divert public attention from the recent hot topic of supply glut in the property market, ST made use of Nov’s new sales to give developers a face-saving headline: “New private home sales rebound in Nov amid supply…

The naked truth of Singapore’s property porn

According to HSBC’s 2019 survey, Singaporeans spend an average of over three hours per week on property-related window shopping, reading real estate magazines, or browsing property online listings. They can do so even when they do not intend…

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