According to a report by Credit Suisse Global Wealth Report, the typical average wealth per adult in Singapore is US$282,000 and this includes a person’s home, if he owns it. In other words, if the house is still under mortgage loan, then it is not included. This is an amazing number and it came to the … Read more174,000 millionaires in Singapore
I read in The Star today about some developers feeling the heat from all the cooling measures undertaken by the government. I seriously believe if their product is the right one for the mass market, there is nothing to fear. Whatever cooling measures undertaken is to ensure the property bubble does not happen and there … Read moreDevelopers feeling the heat?
Recently, a friend said that she does not mind buying a house with little renovations because if she were to renovate it would probably be just the kitchen anyway. This brought me back to what I am looking for when I look for properties. If it is for my own stay, the renovation MUST meet … Read moreRenovation gets higher returns?
I have a friend who earns very high salary. In fact amongst all my friends, I think he is ranked second highest. He knows that I love properties and he told me confidently that he is now keeping his money in FD so that when the bubble bursts, he will enter the market and buy. … Read moreONLY BUY after property bubble burst
I have been asked this question many times when I was with my previous company. If I answer YES, then the customer would say, if can sell, I no need to advertise a lot. If I answer NO, then the developer would ask me, why, why, why. Let me put this in very clear manner, … Read moreMy property can sell?
Google him and you would know who this person is. Need no explanation in the economics world. He wrote an article in The Edge recently detailing how the global financial crisis was triggered by a series of collapsing housing market bubbles. He mentioned US as the one most well known. I think all of us … Read moreFrothiness building up in property market – Nouriel Roubini