Podcast episode 14 is a recording of the first part of my presentation “When Is the Best Time To Buy and Sell?” at the SMART Expo on 22 September 2018 at Sands Expo & Convention Centre.
I was traveling when the organizer informed me the timing of my speaking slot early this month. I completely forgot to post the “mark your calendar” announcement in my blog. I only did so on the same week when I received the banner from the organizer. I know many of you couldn’t make it. So I arranged a recording onsite.
About the audio: The event has two presentations running concurrently at the same time. Speakers in the two areas were very close to each other. I told the organizer I need to do a recording. They said they would lower the volume of the other area. Unfortunately, when I started speaking, I could hardly hear my voice, only the sound of the other speaker. I should have asked them not just turn down but turn off the speakers of the other area.
Anyway, my videographer managed to tap on the audio of the sound system. So you won’t hear any background noise at all.
I have cut the presentation into two parts. This podcast will talk about “When Is The Best Time To Buy?” We will discuss “When Is the Best Time To Sell?” in the next video.
Topic: When is the best time to buy?
1. Wait for overprice becomes oversupply.
2. Timing is everything.
3. It is not about bad luck. It is about bad timing.
4. The two biggest curses in property purchase.
You can now watch the podcast below. If you want to read the script, turn on the “cc” button – the leftmost button at the bottom right hand corner.
Remember to subscribe to my youtube channel and see you in my next video.
Many new launches resulted in dismay sales but reported as success. One new launch sold 150 units on its launch weekend out of 720 units, reported as a success because they launch in phases and apparently they declared that they only launch 200 units, so they achieved 75 to 80% success????
Another sold 300 units out of 1200 units, but declared that they launched only 480 units and achieved over 60%????
In actual fact, these new launches only achieved about 20% sales. Ask any school kid, if they only achieved 20% of their score after half way through their exam, can they get high distinction or good grades? These results are considered bad or flop.
In the good days, sales over launch weekends were 90 to 100%, that was why balloting was required, over subscribed. These days, even after balloting and lengthy show, still cannot meet F9 grade! (20%, what is your grade?)
And yet media can paint the picture and describe the sales as highly successful??
Thank you for your comments. I agree with you totally.
I am quoting my facebook comments about the confusing news report of first weekend launch ofJadeScape:
“Interesting to see vested media Straits Times, Business Times, EdgeProp and PropertyGuru etc all singing the same song. If new sale business is so good, can someone answer the following questions?
1) Is 27% sales on the first launch weekend very encouraging? What about last time when new launches that were 80 to 90% sold or sold out on the first weekend?
2) Why 800 cheques submitted for balloting but only 330 units are sold? Does that mean 59% of buyers decided to hold back after passing a cheque to their agent?
3) Why developer need to assign the job to 6 property agencies (how many agencies we have in Singapore?) when the common practice is 2? No more business from new launch coming up?
4) Why 9,000 at the preview weekend on Sep 8-9 but only sold 330 units on the first weekend? Were there 8,670 property agents at the preview?
Check the number of returned units next month at squarefoot.com.sg “