These days we are told that the world is experiencing high inflation. Things are expensive. But do you know that there are many things that are incredibly cheap now? At any single point of time, there will be things that are cheap and worth buying. If you don’t see them, you are probably looking at the wrong direction. After all, most people are drawn to what is hot in the … [Read more...]
New cooling measures is a waiting game
On September 29 (Thursday) evening, the government announced new property cooling measures again. The new rules aimed to moderate demand and ensure prudent borrowing amid rising interest rates. They were also meant to address the public concern of rising home prices and to improve housing affordability. While industry stakeholders and homebuyers were caught by surprise, some … [Read more...]
Buying homes under inflation? What will happen next
In July, I wrote the blog post “Cash is king now”. Two months later, the trends covered in the post have advanced faster than anyone can predict. Everywhere we hear people saying, “Inflation makes everything expensive. I need more money!” Inflation stress far more contagious than Covid-19 As of this writing, Singapore has close to 2,500 daily new cases. However, the … [Read more...]
4 reasons behind the loss of appetite for private homes
Last Monday (August 29), there was an article in The Straits Times titled “Drop in appetite for private homes among some HDB owners”. It said HDB upgraders’ love affair with private properties has cooled in the first half of this year. According to URA’s data, buyers with HDB addresses only bought 3,649 new and resale non-landed private homes. The figure was down 26.2 … [Read more...]
How rate hikes hit developers and homebuyers
It’s the season for rate hikes. This Wednesday (July 27) the Federal Reserve raised another 0.75 basis point for second consecutive month. It vowed to go for more rate hikes to fight the battle against inflation. Taking the hint from the Fed, Singapore banks are likely to follow suit to raise rates like the previous round. After all, this was how the three local banks … [Read more...]