It’s the season for rate hikes. This Wednesday (July 27) the Federal Reserve raised another 0.75 basis point for second consecutive month. It vowed to go for more rate hikes to fight the battle against inflation. Taking the hint from the Fed, Singapore banks are likely to follow suit to raise rates like the previous round. After all, this was how the three local banks … [Read more...]
What’s happening in new projects and the private home market?
Allow me to start with our familiar tone of sponsored content in the media. • What Singaporeans need to know about condominium new launches • Prices of “not-so-new” developer projects after discounts may surprise you • Discover a smarter way to read the real estate market with URA’s property data • How sales performance of new projects looks like years after first … [Read more...]
What happened to buyers who overpaid at new launch?
This blog post will share with you the bloody truth of buyers who overpaid for their homes at new launch. We will also look at condominiums that once set new price record in their respective district during launch and how they are doing now. Caution: This is not another feel good article about Q2 economy grows 14.3 percent or profit jumps 37 percent, compared with … [Read more...]
Is property the reason why Singaporeans are not among the smartest in the world?
I had an old blog post titled “Is property the reason why Singapore is not among the happiest countries in the world?”. I thought the topic was a bit dry. Unexpectedly, it turned out to be one of the most read posts in my blog. That is not a good sign. It shows that many Singaporeans are not really happy with life. Because normally, people don’t read an article when they … [Read more...]
Behind the “sins” of the property market
The title of this post is inspired by one of the readers who ordered my new book Behind The Scenes of The Property Market online. He asked in his e-mail when he would have “The Sins of the Property Market” delivered to him. I immediately sent him the book because any delay would be a sin. Besides, he is most likely a loyal follower of my blog who got the idea from my old … [Read more...]