Singapore’s pandemic-fueled home buying fever is cooling faster than what everyone has expected. Last week ended with the shocking news that three new launches sold a total of merely 53 units in their first weekend: - TMW Maxwell sold 7 units out of a total of 324 units (2.2 percent sold) - The Arden sold 27 units out of a total of 105 units (25.7 percent sold) - … [Read more...]
New project with most returned units. The winner is …
Lately, there were media reports every other week on a new condo launched with a bang. On the other hand, a check on URA monthly data on sales by developers also reveals the fact that the number of returned units from buyers is on the rise. What are returned units to developers? Returned units are new units of uncompleted projects. Homebuyers have already placed a … [Read more...]
Why private home buyers aren’t buying now
The pool of private home buyers is fast shrinking in the current property market. While HDB resale flat prices are on the rise, why are HDB owners not upgrading? Other countries are fighting hard to avoid slipping into recession. In contrast, the economy of Singapore still looks fine at least on the surface. Where have all the private home buyers gone? Private home sales … [Read more...]
2023 Singapore Private Home Market
In case you miss the Meet The Blogger Session last Saturday. We have recorded the presentation and Q&As at the event. Below please find the content of the video. Happy watching! 2023 Singapore Private Home Market (1-hour presentation) Strategies amid interest rate hikes Who should buy and what's worth buying now Are high prices and high rents sustainable? … [Read more...]
When there is no trust, there is nothing left
You suddenly receive an ALL CAPS email from your boss. You are told to do something immediately. No question asked. Do you trust your boss and do it right away? Or you think the email account has been hacked and delete the message? Will you at least go and verify? Such is the case two weeks ago when the CEO of a Silicon Valley startup received urgent messages from the … [Read more...]