How do I know home buying sentiments have improved? Answer: When I receive more email asking me which units to buy in a new project than email regretting buying at new launches. If property purchase sentiments are weak, there is a reverse in the number of messages from both sides. Very accurate. No need to conduct any survey. Now is the perfect time to … [Read more...]
Keeping the Singapore property dream alive
Business Times published a property feature yesterday that highlights ‘the seven year itch’ of Singaporeans to invest in properties. The property itch is in the DNA of Singaporeans who like new launches and equate owning properties with being rich. Properties represent a significant portion in the wealth of Singaporeans. The performance of the local property market is a … [Read more...]
Queens Peak review from a buyer’s point of view
I was invited to MCC Land’s Queens Peak VIP preview on October 22. The Edge Property says there were 4,000 people at the sales gallery during the preview weekend. It won’t be surprising that probably half of them are property agents. Don’t visit Queens Peak at peak hours When the show suite opened at 10 a.m., it was already fully packed with sales representatives from the … [Read more...]
What is so ‘grande’ about Lake Grande?
During the first weekend launch, MCL Land managed to sell 436 units or 60 percent of 710 units at Lake Grande. Buyers paid an average price of $1,368 psf for the units. Singaporeans accounted for 17 out of every 20 buyers. Two weeks later on National Day, the developer has moved a total of 470 units. Sales has slowed down significantly since then. According to the URA records, … [Read more...]
4 things buyers wish they knew before buying a property
The radio is playing Cher’s “If I Could Turn Back Time” when an email from a blog reader popped up on my screen, “Property Soul You’ve Got Mail.” It’s another message about a home buyer’s remorse. Every week there are so many messages on disappointment and regret after buying properties. They all go like this: “I wish I had … before I bought …” “Why didn’t … [Read more...]