Am I buying above valuation? That is the question clients asked me lately in our one-to-one property consultation sessions. Buyers often mix up a home’s asking price and fair valuation. Many cannot tell the difference between price and value. In short, price is what we pay for something and value is what it is really worth. Valuation is different for homebuyers and … [Read more...]
2024 new private home market mid-year review
Half of 2024 is gone in the blink of an eye. Is life treating you well so far? My two 2024 family objectives have been accomplished. To ensure my younger child settle well in secondary school and to spend maximum time with the older one before she goes university. I had more personal time in the first half of 2024. Thanks to the quiet real estate market. Homebuyers: … [Read more...]
The most honest property developer
Which is the most honest property developer? In 2012, former CapitaLand chief executive Liew Mun Leong urged the government to regulate the building of shoebox apartments. He criticized shoebox developers for wasting Singapore’s limited land. Besides, these homes are “almost inhuman” and not good for the welfare of the family. Apparently, Liew himself grew up in a … [Read more...]
Money laundering and weak demand plague private home market
Singapore’s private home market was a pool of stagnant water in the last two months. We can’t blame developers for holding back new launches for three months. After all, it was traumatic in mid-August to sell only 53 units across three new projects during the same first launch weekend. Thanks to high interest rates. Resales volumes are no better. After it peaked eight … [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...]