Ten years have passed since the collapse of Lehman Brothers. Did the world learn anything from the 2008 financial crisis? Are we heading for the next economic disaster? Rush in quick. Get out fast Speaking to CNBC's "Crisis on Wall Street: The Week That Shook the World" documentary, Warren Buffet commented that another financial crisis is inevitable because of human … [Read more...]
4 questions to 5 projections from DBS property report
I read with bewilderment Today newspaper's May 16 article titled “New private homes to cost up to S$2,900 psf on average by 2030: DBS report”. The five projections of DBS on Singapore’s property projections in 2030 caught my attention: 1. Singapore’s population to hit 6.3 million to 6.5 million 2. Homeowners’ incomes to grow at compound growth rate of 1.5 percent to 3.2 … [Read more...]
When is the next market crash?
Someone threw the million-dollar question to me at a recent Q&A session: When will the market crash? As they said, the answer ranges from imminent to most likely to happen in these two to three years. All markets have cycles, ups and downs, booms and busts, peaks and bottoms. Nothing can escape this, be it the economy, equities, properties, bonds, currencies or commodities. … [Read more...]
Is property the reason why Singapore is not among the happiest countries in the world?
As we are near the end of the first quarter in 2018, we take a look back and see how the year has started on a happy note. Singapore’s GDP grows 3.5 percent in 2017. Salaries are expected to rise 3.9 percent this year. The stock market continues to close at new record highs. An en bloc deal is closed every other week, the latest being the second-largest ever recorded sale of … [Read more...]
3-3-5 rule now endorsed by the CPF Board
It is official. CPF Board just endorsed Property Soul’s 3-3-5 rule. The statutory board recently published an article “How to use the 3-3-5 rule to consider if you can afford your new home” in its “Are You Ready?” portal. “Are You Ready?” is an initiative by the CPF Board to educate Singaporeans on how to plan for major financial decisions at different stages of their … [Read more...]