New project sales galleries and their showflat are very quiet these days. At most times, there are only a handful of cars parked in front, most likely driven by the agents. That is why we were in disbelief when the media told us that Hillhaven and The Arcady at Boon Keng drew 2,000 and 3,000 visitors respectively over their preview weekend. Unfortunately, the first two … [Read more...]
When developer’s new launch becomes emperor’s new clothes
In my latest youtube video “What Q3 Property Data Tell Us”, I mentioned that developers are not doing so well after the July cooling measures, even though they learn to face the reality that buyers are limited and start lowering prices at new launch. How bad are new launches doing? End of September, Qingjian Realty’s 27 percent sales (330 out of a total of 1,206 units) … [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...]
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...]
Picking the best unit in a property project
Do you like visiting showflats of new launch projects? Was that once your favourite weekend activity before you bought your present home? Me too. Except that I didn't stop doing so even after I bought five properties. Have you chosen a good unit? In fact, I have visited well over a hundred showflats since year 2000. Now I can step into any sales gallery, flip the sales … [Read more...]