A friend of mine is puzzled why I keep telling others to beware of buying overpriced properties. "Didn't you make your bucks from people who bought at the last peak of the market?" "If all buyers are so cautious, where can you find good buys next time when the market clashes?" I was speechless. Yes, you won't go warning the fish about the bait when you also want … [Read more...]
Let’s separate marriage with property
There’s a 'uniquely Singapore' way of proposing to a lady, "Let's apply for a flat together." Unknowing to both parties, this is often the root of future problems. During my 1st year in Singapore, I rented a 4-room HDB flat from a young lady through referral from work. Back then the rent was $850, including utility costs. One evening, I heard someone opening the … [Read more...]
HDB flats or private properties?
Quite a number of readers have been asking this question. The answer is simple. You only have to ask yourself one question: are you buying your home or buying for investment? HDB flats are for your own stay. HDB is a home ownership scheme meant for owner-occupation only. HDB states clearly in their website that "HDB plans and develops public housing towns that provide … [Read more...]
Ten good reasons of starting young
Are you in your 20s and want to invest in properties? Looking back, I am grateful that I started early. There are at least 10 reasons why you should do so: 1. You build a habit of saving, and a nest egg for the future. The formula is: start early, invest right and retire early. 2. You have more drive and energy for property-related activities, including house hunting, … [Read more...]
Singapore guys and 1st time home buyers
I was in Hong Kong last week. A good friend of mine who relocated there few years ago said she would like to find someone and settle down (finally!). She has stayed in both Asia and Europe. She found Asian guys more compatible with her set of values. Unfortunately, there is a serious sex ratio imbalance in Hong Kong. For every 1,000 females, there are only 955 males. In … [Read more...]