Will HDB sales of $1million be the norm?

Reports of 3 houses hitting the $900k mark has sparked new apprehenSion whether that will be the norm. Here’s why I don’t think HDB homes won’t cross the $1 Million mark. At least not yet. The bumper crop of BT0s will stabilise the market in 2 to 3 years. Prices have started bottoming out..valuation & [...]

Interview on TV

So i got interviewed on Vasantham Express..Great experience..Actually there was not enough time to explain a lot more details, so here’s my take of the outlook for property market. First and foremost, to describe the market, is an uphill task. How would you explain the throngs of people buying condo units at showrooms? BTOs are [...]

2011- A perspective

Overall it has been a great year! Start of the year, i asked for 3 things from God, a practice we do in New creation church: 1) that my son will do better in school-he had a learning disability, He couldn’t even write or read when he entered school last year in 2010. Now he [...]

Private homes sales expected to rise even further

Sales of residential private housing in the first half this year are set to beat the second half of 2010. But analysts said that will not prompt the government to introduce more property cooling measures in the short term. However, they noted that the last round of cooling measures may have had an unintended effect [...]

Going paperless?

With the recent changes in the Real Esate scene with regards to conformity and uniformity, it would be a great idea to go paperless, like how the financial planning companies does, where we could input into documents and get clients to sign on the spot. Then begs the question:  What platform?. With and onslaught of [...]

Housing Supply: Allocating scarce resources

The property market has a history of repeating itself. I guess that is why they call it the property cycle. There is a huge clamour for flats today, and we can’t seem to build flats fast enough to satisfy demand. Yet, when I became Minister for National Development in 1999, one of my first challenges [...]

HDB resale flats still rising

So what did the new measures after Aug 31st 2010 really do? Prices for HDB houses have gone up in valuation, and COV has come down. The valuation has gone up to at least $20,000 to $60,000, in a short space of time.According to media, it is said that valuers take into account the present [...]

2010 in review

The stats helper monkeys at WordPress.com mulled over how this blog did in 2010, and here’s a high level summary of its overall blog health: The Blog-Health-o-Meter™ reads Fresher than ever. Crunchy numbers A helper monkey made this abstract painting, inspired by your stats. A Boeing 747-400 passenger jet can hold 416 passengers. This blog [...]

So, Can your house fetch C.O.V $50k?

Since the cooling measures that kicked in after Aug 31st, HDB sales have seen a drop. But sales are still going on, albeit a lesser COV. Lesser Permanent Residents are in the market looking for homes, possibly looking at alternatives of “moving” their private properties back in their homeland.   So begs the question, which [...]

Are ECs better than private properties?

Executive Condos,or ECs, have been recently been resurrected again after a hiatus. Those who’s household income is above $8000, less than $10,000, cannot get a HDB, has an alternative with ECs. They are to hold it for 5 years before selling it to locals, and 10 years for foreigners. Initially when ECs were launched, they [...]