Below is an article first published in my book No B.S. Guide to Property Investment – Dirty Truths and Profitable Secrets To Building Wealth Through Properties. After I sold one of my properties exclusively by my property agent, another agent who used to lease that property for me learned about it and said, "What? Only $xxx,xxx? I could have easily sold thirty to fifty … [Read more...]
Can you afford your dream home after taking the 3-3-5 test?
Earlier this week, a repost of my article "A Simple Affordability Test" by Yahoo News and Propwise.sg from my book No B.S. Guide to Property Investment has sparked off some debate online. Below is the original article in my book for your reference: A simple affordability test Daniel is a single in his mid-thirties. He is staying with his parents now but is … [Read more...]
Property Great Singapore Sale: To buy or to wait?
The annual GSS (Great Singapore Sale) may have started only on May 25. But for property new launches, the GSS started much earlier. The sale is now on With the steam of an overheated property market dying down, the buzz has now shifted to developers playing discount games to push new projects or clear old stock. With so many 'great deals', buyers are spoiled for … [Read more...]
Why we buyers and investors need a club of our own
When I first started blogging about property investment in August 2010, some readers asked me whether I was a property agent. I was puzzled. If property agents can have webpages to market their listings, if property developers can put up websites to showcase their projects, why can't we property investors set up our blog to share experiences among ourselves? Why this blog … [Read more...]
It’s not easy to profit from your home
From 10 March 2014, the Housing Development Board only accepts valuation requests from resale flat buyers or their property agents after granting the Option to Purchase by the sellers. The Revised HDB Resale Procedure is believed to encourage buyers and sellers to focus their price discussions on the recent sales transactions, rather than the Cash Over Valuation (COV) that … [Read more...]