2024 is a significant year. It marks the commencement of Period 9 (九运) in the Chinese calendar. On February 4 precisely at 4.37 pm, we welcomed the arrival of spring (立春). From that moment, we officially entered Period 9 that will last for 20 years until the end of 2043. What is three cycles and nine periods? I remember the teacher mentioned three cycles and nine … [Read more...]
5 property lessons from my early years in Singapore
30 June 2018 is a special date to me. It marks the 20th year of my relocation to Singapore. On 30 June 1998, I boarded a flight departing for Singapore, with a luggage of personal belongings and banknotes equivalent to six hundred Singapore dollars. When you are in your 20s, you don’t think too much because you have nothing much to lose. In the midst of the Asian … [Read more...]
Why property prices won’t be recovering any time soon
There was a recent article in the paper with the headline “Time to review property cooling measures” (Straits Times, July 4). The argument is that, if private home prices have been down; HDB flat prices have dropped; oversupply has worsened; rents have weakened; interest rates have risen; the real estate industry has shed jobs, it may be time for the government to review the … [Read more...]