Author: Property Soul

The truth about people who have financial freedom

I was surprised to see the last post “The journey to financial freedom: my personal story” become my blog’s most viewed post in 2019 – in just 48 hours after putting it up. I thought financial freedom is a dry topic unrelated to properties that the readers probably won’t be interested. So, is it the keyword “financial freedom”, or the promise to share “my personal story” that draws your attention? Anyway, I am sharing the few things about financial freedom as promised in my last post. Since I haven’t figured out whether you are interested in the topic or...

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The journey to financial freedom: My personal story

I just read the book Financial Freedom: Talks With People Who Don’t Have To Work Anymore. The author Gisela Enders interviewed seven Germans who generate enough income from investments to cover their living expenses so they no longer have to work for money. It was originally written in German and being translated into English. (Which European will talk to strangers about their money except the Germans?) It was a good read and I could fully resonate with the experiences and views of the financially free people featured in the book. The real meaning behind financial freedom There are three...

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Podcast Ep#25: Singapore Property Market #10YearChallenge (Part II)

Podcast episode 25 is a recording of the second part of my presentation “Singapore Property Market #10YearChallenge” at the SMART Expo on 30 March 2019 at Suntec Singapore Convention & Exhibition Centre. The following topics are covered in Part II of the presentation: 1. The Hard-Hit vs The Resilient – Why prices of some projects tumbled 25 percent while others fell only 5 percent?– How non-landed private homes in CCR, RCR and OCR perform at the peak versus the bottom?– Which district is the best or worst performer from 2009 to 2019?– What sales transactions in the last 10...

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Podcast Ep#24: Singapore Property Market #10YearChallenge (Part I)

This video is a recording of the first part of my presentation “Singapore Property Market #10YearChallenge” at the SMART Expo on 30 March 2019 at Suntec Singapore Convention & Exhibition Centre. The following topics are covered in Part I of the presentation: 1. 2009 Financial Crisis: The Property Market– What happened to the property market during the 2009 financial crisis?– How did property prices and transaction volumes suffer back then?– What are the differences in sales and rental in different property sectors then and now? 2. Challenges of Developers and Home Buyers– How did the en bloc, new sale...

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Is home ownership for everyone?

The Singapore government is planning to reach out to 1,000 HDB rental-flat families to help them buy their own flats. The scheme aims to mitigate income inequality and uplift lower-income families because “home ownership is key to providing stability and progress for families in the long run”. A Home Ownership Support Team will be set up to provide stronger, personalised hand-holding. Low-income families living in subsidised two-room flats will be given a grant of up to $35,000 to buy a new or resale three-room flats in non-mature estates. In the last six years, about 5,000 out of 56,000 rental-flat...

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See you at SMART Expo on March 30

I will be speaking at the SMART Expo this Saturday afternoon. Event: SMART Investment & International Property ExpoDate : 30 March 2019 (Sat) 5 p.m. – 5.45 p.m.Venue: Hall 404             Suntec Singapore Convention & Exhibition CentreTopic: Singapore Property Market #10YearChallenge– Remember the property news and market concerns after the financial crisis?– Challenges of developers, agencies, banks, buyers and seller in a downturn– The hard-hit versus the resilient property sectors during a crisis– Projects advertised on papers 10 years ago – what happen to them now?– How likely are property’s #10YearChallenge risks and opportunities come back again? Registration is free. Get your...

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Property Investment Finance and Profit-Risk Analysis

Ku Swee Yong is the Chief Executive Officer of International Property Advisor Pte Ltd. in Singapore. He was a Director in the Real Estate Centre of Expertise at Société Générale Private Banking, responsible for advising clients on real estate investments, the Director of Marketing and Business Development at Savills Singapore and the General Manager at Far East Organization’s Indonesia office. Swee Yong’s opinion is regularly featured in the Straits Times, Business Times, 新明日报, 联合早报, Channel NewsAsia, TODAY, etc. He has published five books on the property market. He lectures on a part-time basis in the Singapore Management University and...

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Property investment tricks revealed

Recently, I received many messages from my blog followers asking me to comment on some social media ads promoting free property seminars and investment schemes. When the market is dead quiet, it is not surprising to see frequent appearance of such ads. Although Singapore’s real estate market is licensed by CEA and regulated by URA, cleaning up of the industry still has a long way to go. To the public, property is still very much a cowboy industry. If developers and marketing agents can play tricks of exaggerating new sale numbers, cover up with returned units without being caught,...

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Podcast Ep#23: Returned Units – Who’s The Liar?

Developers have been overstating the sales results of their new projects after last July’s new cooling measures. The situation became out of control in the 4th quarter of 2018. When Credit Suisse published the report “Developer pre-sales: more than meets the eye”, the trick was exposed and the truth was finally out. In this episode, we will discuss what caused the deflation of Singapore’s private home market. 1) Who deflated the credibility of property news and data? 2) Who deflated the market recovery of the private home market? Who should take the blame – the developers, property agencies, the...

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Finding and Managing Residential Rental Properties Workshop

A Workshop by Property Club Singapore Learn how to pick the right rental property  and how to be a successful landlord 9 March 2019 (Sat) 9.30 a.m. – 4.30 p.m. HDB Hub Convention Centre $299 (1 pax), $549 (2 pax) for members $299 +$99 membership fee (1 pax) for non-members $549 + $99 membership fee (2 pax) for non-members (Fees include lunch and 2 tea breaks.) For Members, please log in and make your payment here or by clicking the button...

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The SOS Guide to breaking the lottery curse

Last Friday, two lucky winners split the $13.6 million prize money from the Toto Hongbao draw. If you were one of them, what would you do with the $6.8 million windfall? For Singaporeans, we would probably pay off our loans first. Then go buy a nice house and a luxury car. Afterall, we are a car proud and property obsessed country. If we ask people joining the long queue to buy TOTO or Big Sweep what they will do if they strike the jackpot, 9 out of 10 will say that they are going to buy a nice home...

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Quick Poll: Presentation topic at next SMART Expo

I will be speaking again at the coming SMART Expo at Suntec Convention & Exhibition Centre on 30-31 March 2019 (most probably on Saturday late afternoon). I have three presentation topics in mind. Could you let me know which topic you want me to cover at the event? 1st Topic: Implications of Singapore’s Aging Population on Housing– Past, present and future trends in population and household incomes– Is the Singapore government adopting the right policies?– What will happen to our public, private and landed housing?– Retirement living: learning from the developed world 2nd Topic: Singapore Property Market #10YearChallenge– Remember...

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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 en bloc deals can go soar. Finally, we will find out where the en bloc owners have gone. Before we end the video, let’s identify the big “winners”...

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Buying trophy properties in a country

Before Chinese New Year, hubby told me he had prepared new banknotes and red packets like what he did every year. I also passed him the red packets from my relationship manager. “We can’t use those. Mine are special ones. I have to schedule an appointment at their priority banking branch in Orchard to collect these. See, they are all printed with the name of their priority banking brand.” I immediately checked my red packets. They were in four nice designs. But none of them indicated that I am a VIP customer. I also noticed that hubby’s special red...

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Podcast Ep#21: Four Property Lessons Learned Last Year

Singapore private residential property market finally has its full year report card when URA released real estate statistics for 4th quarter 2018 early this week. As the year of the dog is coming to a close, let’s review the performance of the housing market and the four lessons we learned last year in this youtube video: Lesson 1: You can’t wrap fire in paper Lesson 2: Never lose your head over FOMO Lesson 3: Developers’ stomach isn’t a bottomless pit Lesson 4: Your home can be a depreciating liability You can now watch the podcast below. If you want...

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