Easter is just over. Lingering in my head is a happy bunny. Who doesn’t want to be a happy bunny – always happy, contented and satisfied with life. Be happy after having money When we are living hand to mouth or have piles of loans to repay, we don’t have the luxury to think whether we are happy or not. We only have one simple goal in mind: survival. When I was new … [Read more...]
Things I wish I knew as homebuyers 15 years ago
It has been two years since clients came to me for one-to-one property consultation sessions. Different homebuyers have different personal circumstances and housing needs. Some know better than others. Some are more prepared to buy. No matter which stage they are in, I thoroughly enjoy answering their questions and sharing my knowledge. It is satisfying to see that, at the … [Read more...]
What properties to buy in a recession
When Singapore missed its GDP target in Q2, Maybank said we are heading for a technical recession next quarter. A technical recession happens when there are two successive quarters of fall in GDP. I remember it was July 2001. Three years after I came to Singapore, the country was in recession. The economy contracted by 2 percent - a big contrast to the strong growth of … [Read more...]
The dilemma of foreign ownership
Just read the news article "Landed property – fewer foreigners to get approval" in last week's TODAY. Our Law Minister expects approved purchases of landed property by foreigners to be reduced by half. 'Foreigners' are confined to Permanent Residents only. The current foreign ownership is 3.5 percent (below the target of less than 5 percent). Under the Residential … [Read more...]