If you observed the property market long enough, you would notice that homebuyers and investors tend to go with the flow. Many are ready to trust what others said and follow what most people do. However, believing a half-truth is what makes people lose sight of the big picture. We are often carried away by what is happening at this moment. After reading some headlines in the … [Read more...]
Know who to trust in your property decision
I must admit that I am the type of person that won’t trust others easily. Very often, I question what strangers say, especially what salespeople tell me. I am not born skeptical or cynical. It is learned over the years. After two decades investing in properties and other assets, I have my fair share of trusting the wrong source or person. There were many times I regretted … [Read more...]
Why we only buy when prices are high
The title of this blog post is not meant to be sarcastic. It is about human nature to follow the herd, especially the irrational urge to buy something when prices are high. A second-hand HDB home for over a million? Our local media have the tendency to report properties that were recently sold at an unbelievably high price. Or the purchase price had just set a new … [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...]
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...]