It is not easy to tell the difference between the truth and a sales tactic. To trust or not to trust, that is the question. Singapore is a high trust society. According to the 2024 Edelman Trust Barometer, Singaporeans have high level of trust in the government (77 percent), non-governmental organizations (66 percent), business (63 percent) and media (60 … [Read more...]
Just sold at record high!
Another headline about a property just sold at record high. These days we all desperately want to hear some good news. There is enough bad news around on company layoffs and new condo projects that can’t sell. Luxury projects just sold at record high! The following are common property headlines in local media: “xxxxxxx sold for record price of S$xx million” “xxxxxxx … [Read more...]
Wealth not in properties next 20 years in Period 9?
2024 is a significant year. It marks the commencement of Period 9 (九运) in the Chinese calendar. On February 4 precisely at 4.37 pm, we welcomed the arrival of spring (立春). From that moment, we officially entered Period 9 that will last for 20 years until the end of 2043. What is three cycles and nine periods? I remember the teacher mentioned three cycles and nine … [Read more...]
The most honest property developer
Which is the most honest property developer? In 2012, former CapitaLand chief executive Liew Mun Leong urged the government to regulate the building of shoebox apartments. He criticized shoebox developers for wasting Singapore’s limited land. Besides, these homes are “almost inhuman” and not good for the welfare of the family. Apparently, Liew himself grew up in a … [Read more...]
Money laundering and weak demand plague private home market
Singapore’s private home market was a pool of stagnant water in the last two months. We can’t blame developers for holding back new launches for three months. After all, it was traumatic in mid-August to sell only 53 units across three new projects during the same first launch weekend. Thanks to high interest rates. Resales volumes are no better. After it peaked eight … [Read more...]