Yesterday (December 15) right before midnight, the government announced new property cooling measures, with higher ABSD (Additional Buyer's Stamp Duties), lowered LTV (Loan-to-Value) and tightened TDSR (Total Debt Servicing Ratio). The predictable pattern to impose new curbs We had the last round of cooling measures just three years ago in July 2018. Let's recall the … [Read more...]
What’s happening in new projects and the private home market?
Allow me to start with our familiar tone of sponsored content in the media. • What Singaporeans need to know about condominium new launches • Prices of “not-so-new” developer projects after discounts may surprise you • Discover a smarter way to read the real estate market with URA’s property data • How sales performance of new projects looks like years after first … [Read more...]
5 miseries that unfortunate owners are facing
I am writing this blog post for a minority group in our society – the unfortunate owners of private homes. Their number is not small but their voices are not heard. You might say: But these people have money to buy private properties. Most of us can’t afford to live in condos. Some of us don’t even have an HDB flat under our name. Compared with us, their problems are not … [Read more...]
What did deflation of China’s property bubble tell us
Investors are holding their breath as the world witness the gigantic China property bubble deflate. Last week all eyes are on Evergrande to see whether China’s most indebted developer will default. The company is due to pay US$83.5 million in interest on September 23 and another US$47.5 million on September 29. It is nothing but a dead cat bounce A day before the … [Read more...]
Panic buying of homes out of FOMO
Panic buying in a perceivable crisis under the out-of-stock fear is real. Hideko Yamashita (山下秀å), the famous advocate of danshari (æ–æ¨é›¢), once handled an extreme case of hoarding. An elderly woman lived alone with over 200 rolls of toilet paper in her … [Read more...]