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...]
Learning from the richest
Do you know that the concept of accumulating wealth is not the same in different continents? Asians emphasize hard work, suffering and sacrifice to get what they want. Americans talk about individuals 'being different' to achieve that American dream. Europeans place 'enjoying life' above having lots of money. Mind you,'enjoying life' does not mean being lazy. In fact, … [Read more...]
All property developers are liars?
I am reading Seth Godin's book 'All Marketers are Liars'. Although I am a veteran marketer myself, being a liar has never crossed my mind. In his book, Godin talks about "the power of telling authentic stories in a low-trust world". I know not everyone who read my posts agree with what I say. But I'm not a property developer, real estate marketer, property agent, … [Read more...]
How to make it in properties
I’m excited to see comments in my posts and messages in my mailbox. They can cheer me up even on a bad day. The traffic of my blog usually surges during public holidays. Messages kept coming in during the recent Christmas, New Year and Chinese New Year breaks. But I am still waiting for somebody who can drop me words like … 1) I also made my 1st pot of gold from … [Read more...]
A small trick to trap buyers
Came across an interesting episode of 'Property Virgins' in a pay-TV channel. A young couple is looking for a new house in Canada through a property agent. I can’t exactly recall their budget but it should be around $350,000. The agent shows them a house marketing at $380,000. The built-up area is quite small, with a small living room, a tiny kitchen and very narrow … [Read more...]