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Category: New Home Related

ABCs of Property Investment

No buyer wants to pay at bank valuation pricing?

A friend said recently that the property market is bad. Her reason is because no buyer wanted to buy her property at the bank valuation price. There are a few important things to note here. How do we know if property market is bad? First thing is to look at the number of transactions. If the property transaction numbers are dropping every quarter and all new property launches are empty of visitors, probably that’s a sign that the property market is not well. What’s the number of property transactions? Take a look at below:

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ABCs of Property Investment

Essential Inspection Tips for Your New Property

Inspecting your new property is crucial to identify defects before moving in. Gather necessary tools and check walls, ceilings, tiles, floors, doors, windows, fixtures, electrical points, and pipes. The inspection may take 1.5 to 2 hours. Addressing issues early can prevent further complications and ensure a smoother transition to your new home.

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ABCs of Property Investment

Mastering Property Investment: Start with Your Own Home

The article emphasizes that successful property investment should begin with purchasing a home for personal use, rather than aiming for quick profits. It advises against overstretching finances and highlights the importance of thorough due diligence. Slow and steady investment builds wealth while reducing risk, contrasting with the pitfalls of speculative buying.

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Affordable Properties

KPKT says no en bloc sale for any Urban Renewal Act (URA)

Briefly, en bloc sale meant the collective sale of all the units within the development to one developer / new owner and all the owners will collectively get a portion of the sale of the whole block or blocks. For many developed property markets, en bloc sale also meant that as long as a certain majority number of owners willing to sell is reached, then sale becomes a certainty.

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ABCs of Property Investment

Property market 2024? Transactions and Prices, Up or Down yeah?

According to the chart, the total transactions are actually growing. In fact it is only growing slowly from 2022 to 2023 and from 2023 to 2024. Some can interpret this as a recovery. Some could interpret this as positive for the property market. Some could also interpret this growth as a very slow growth. My personal interpretation is that the market has not reached the attention of enough buyers. In other words, a lot more potential buyers may not know that the total transactions has started to increase.

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