When we were young, we believed when we grow older, we will have the answer to most questions. As time passed by, we had more questions than answers. As former US Secretary of Defense Donald Rumsfeld told us, “There are things we don't know we don't know.” Sometimes we ask a question. Rather than getting an answer, we end up with more questions. Philosopher Aristotle said, … [Read more...]
What happened to buyers who overpaid at new launch?
This blog post will share with you the bloody truth of buyers who overpaid for their homes at new launch. We will also look at condominiums that once set new price record in their respective district during launch and how they are doing now. Caution: This is not another feel good article about Q2 economy grows 14.3 percent or profit jumps 37 percent, compared with … [Read more...]
Will the cooling new sales market be frozen 2?
To divert public attention from the recent hot topic of supply glut in the property market, The Straits Times made use of November’s new sales to give developers a face-saving headline: “New private home sales rebound in November amid supply glut: URA data”. (The Straits Times, Dec 16) The article said “Excluding ECs, developers sold 1,147 units last month, 23.2 percent more … [Read more...]
The fear of losing out (part II: eCO showflat)
One Sunday afternoon hubby and I drove past the second property that I bought in 2003. Next to it, we were surprised to see the carpark almost full at the eCO showflat. The site of eCO is an empty slope right in front of Bedok Court. I remember the grass on this slope has been replanted at least twice in three years, probably to hold the loose soil. On the left of … [Read more...]