Monthly archive - July 2013

Capital Gains – The Singapore Property Wealth Trap

Posted on Jul 19, 2013 in Articles, Investment Strategy, Property Investors by 4 Comments

 Is Capital Gains the Singapore Property Wealth Trap?
We can see many dream-to-become-millionaire property investors on the streets. It’s interesting to see how dreamers of ‘The Next Singapore Property Millionaire’, behave like the hilarious first round participants of ‘The Next Singapore Idol’ contest who are thick-skinned enough to believe they have ‘it’.

My late multimillionaire grandfather said, “The Rich makes money with control, while dreamers always make money on hope… and hope is their only saviour.”

The 8th Property Cooling Measure & the financial implications on Mass Market Buyers

Posted on Jul 7, 2013 in Articles, Property Investors, Property Market by 0 Comments

The 8th Property Cooling Measure & the financial implications on Mass Market Buyers
 

The government recently announced the 8th cooling property measures to try to subdue the rise of property prices.

After 7 cooling measures and another one again, I think many of us are already immune by now, “Another one again! When’s the next one?”

From my previous writings, I’ve mentioned we do not need a rocket scientist brain to comprehend how hot we are in the property market cycle with so many cooling measures from the government.

As for the magic question ‘To buy or not to buy now’, you would have known by now (I hope you do) if you are going to buy any property today, you will be paying for it very expensively. Unless you do really know how to create a value even with the high price you paid for, or you’re drowning yourself in cash, buying just any property today is like trying to walk yourself across a field of landmines without getting a leg blown off.

What does the 8th Cooling Measure mean technically for you as a borrower?

Posted on Jul 2, 2013 in Articles, Property Market by 0 Comments

What does the 8th Cooling Measure mean technically for you as a borrower
 

Source: Mr. Propwise

http://propertymarketinsights.com/

Just in case you missed it…

On the latest property measures regarding loan borrowings announced by the government,  I’m not a certified CPA or mortgage advisor, therefore I’m using the below article with permission to help you understand better how the measures will affect you technically.

I will add my personal thoughts in my next blog.

From Mr. Propwise, (a good friend of mine)

It’s been less than six months since the Seventh Round of Property Cooling Measures and around four months since the hike in high-end property tax rates in Budget 2013, but the property market has not cooled. Developer sales, in particular, are still going strong while the resale market has been steadily recovering since March based on transaction volumes. Prices also stubbornly refuse to come down – the just-released URA flash 2nd Quarter 2013 increase of 0.8% is an acceleration of 0.6% compared to the previous quarter.