Recently, I keep getting messages from readers of my blog, asking whether they should invest in overseas properties. Places where these properties are built include Iskander, Kuala Lumpur, Penang, Australia, UK, US, Japan, Thailand and the Philippines. The only reason that justifies buying abroad Basically, I am not against the idea of investing overseas if the … [Read more...]
5 property questions that you can’t ask
As a member of the fairer sex, I am aware of questions that I shouldn't ask anyone, especially my better half. "Do I look fat to you?" "Do I look older now?" "Do you still love me?" The person being thrown these questions will most likely refrain from saying what he really thinks. Because he knows that the person asking them wants reassurance rather than the truth. … [Read more...]
4 property investment myths
I just came across a very good property investment article titled 4 Commonly Believed Property Investment Myth. The author starts with a vivid description of an ‘ordinary property investor’ in Singapore: ... anyone who's holding a full-time back-breaking job, dependent on a job for income, maybe has a family to support, has some money to invest, dreams of becoming wealthy … [Read more...]
Why you can’t buy it now
A friend of mine is puzzled why I keep telling others to beware of buying overpriced properties. "Didn't you make your bucks from people who bought at the last peak of the market?" "If all buyers are so cautious, where can you find good buys next time when the market clashes?" I was speechless. Yes, you won't go warning the fish about the bait when you also want … [Read more...]
Why people make losses in properties?
Someone laments that, for those investing in a second property in Singapore, only 10 percent make money at the end. Getty Goh mentioned the same in his book 'Buy Right Property' (2011), Of the properties that were purchased in 1996, more than 80% were sold for a loss, with the largest drop in value amounting to more than $1,466 psf. In other words, if the unit was 1,000 … [Read more...]