Once when I was conducting the How to Buy Good Quality Properties 1-Day Workshop, I showed some property launch newspaper ads to illustrate how deceiving they could be (for one every unit doesn’t come with a beautiful wife and two lovely kids). During the break one of the participants came forward and asked to take a close shot of one new launch print ad. He explained that … [Read more...]
Should I buy or rent?
A friend recently moved from one rented home to another. The family of four is still staying in a condominium in the east side of Singapore, but this time a better one - it is newer, bigger, and asking for lower rent too. According to the latest SRX Rental Market Flash Report, rents for non-landed private rentals in October 2015 has fallen 5.7 percent from a year ago. … [Read more...]
Why developer defects is the worst nightmare of off-plan property buyers
Residents of Trivelis, an 888-unit Design, Build and Sell Scheme (DBSS) project in Clementi, are disappointed about the quality of their new flats. What happened to Trivelis after TOP? Owners who collected keys to their new units since January complained about defective stove knobs, rusty dish racks, stain-prone kitchen countertops, poor quality laminate flooring, … [Read more...]
Never read the news like the bible
Did you notice that when you flipped the newspapers in 2012 and 2013, all the articles on properties were about 'the next hotspot, 'property boom continues', 'robust sales in projects' and 'achieved record high'? Did you notice that fast forward to 2014 an 2015, the same media published articles consistently on 'lower transaction volumes', 'drop in property prices continues', … [Read more...]
Why people often end up buying the wrong thing?
Wardrobe spring cleaning I spent my Labor Day holiday doing the long overdue task of spring cleaning my wardrobe. How hard can it be? Well, any lady will tell you that this is a labor-intensive plus physically and mentally-draining chore, with lots of surprises and heartbreaks along the way. It took me almost two days to complete the job, after endless rounds of repeating … [Read more...]