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...]
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...]
Story of my third property (part I)
Hi, I'm back with sharing my property buying stories. Right after the completion of my 2nd purchase, I resumed my flat viewing routine. Again my criteria of purchase were: 1) Good location and layout; 2) Minimum 5% net rental return; and 3) At least 15% below last transacted price. I remember it was Christmas in 2003. The property market was very quiet. Bad … [Read more...]