In July, I wrote the blog post “Cash is king now”. Two months later, the trends covered in the post have advanced faster than anyone can predict. Everywhere we hear people saying, “Inflation makes everything expensive. I need more money!” Inflation stress far more contagious than Covid-19 As of this writing, Singapore has close to 2,500 daily new cases. However, the … [Read more...]
4 reasons behind the loss of appetite for private homes
Last Monday (August 29), there was an article in The Straits Times titled “Drop in appetite for private homes among some HDB owners”. It said HDB upgraders’ love affair with private properties has cooled in the first half of this year. According to URA’s data, buyers with HDB addresses only bought 3,649 new and resale non-landed private homes. The figure was down 26.2 … [Read more...]
Cash is king now
We all heard of the saying “cash is king”. It is especially true at this point of time. To cope with rising inflation, the Monetary Authority of Singapore has gone ahead with three rounds of monetary tightening. Each round resulted in further reduction of money supply. Suddenly, cash becomes precious. Everywhere people are looking for cash now. The old trick of money … [Read more...]
Be prepared for post-Covid recession
During the May Day Rally, Prime Minister Lee Hsien Loong warned Singaporeans to be prepared for more economic challenges in the year ahead. Because there may be a recession within the next two years. As a small island country, the fate of Singapore is intertwined with and affected by the destinies of many countries. We import most of our supplies overseas and export … [Read more...]
Podcast Ep#39: Old Wives Tales About The Residential Property Market (Part II)
Thanks for waiting. Here is the second half of the presentation by Mr. Ku Swee Yong, CEO of International Property Advisor Pte Ltd, at the SMART Expo on October 5, 2019. Again the presentation "Old Wives Tales About The Residential Property Market" is busting the six biggest property myths in the industry: - 1st Myth: Singapore is land scarce. - 2nd Myth: If you open … [Read more...]