This March companies are busy preparing sales forecasts for the new financial year. Regarding forecasts, I have said this in my book Behind The Scenes of The Property Market: “With high uncertainties looming in the global economy, it is doubtful whether anyone can predict what will happen in six months, let alone the full year. Those who claim that they can do so are most … [Read more...]
Home buying spree is fading fast
Singapore’s pandemic-fueled home buying fever is cooling faster than what everyone has expected. Last week ended with the shocking news that three new launches sold a total of merely 53 units in their first weekend: - TMW Maxwell sold 7 units out of a total of 324 units (2.2 percent sold) - The Arden sold 27 units out of a total of 105 units (25.7 percent sold) - … [Read more...]
CEA’s response: Agents must act responsibly to promote clients’ interests
I refer to my letter to The Straits Times Forum titled "Questionable property ads popping up on social media" which was published on 3 May 2019 as follows: Questionable property ads popping up on social media MAY 3, 2019 When the Government implemented property cooling measures last July, individuals were cautioned against over-leveraging in property … [Read more...]
Podcast Ep#22: En Bloc? It’s All Over Now
In this podcast, we will talk about this round of en bloc wave for residential projects, which is fast approaching the end of it. We will look at some facts and data of the en bloc market. When trying to explore the mindsets of en bloc buyers and sellers, I am using the analogy of the different positions of customers and the owner in a restaurant. Next, we will discuss how … [Read more...]
Learning from Hong Kong’s Property Godfather
I was in Hong Kong during Chinese New Year. With 92 percent of the population being Chinese, everyone was taking a break during the public holiday. Not for the property agents. Some agency branches even opened on the first day of Chinese New Year. One of them was Centaline Property Agency (中原地產), a top real estate brokerage firm in Hong Kong. Its founder Shih Wing-ching … [Read more...]