Singapore Property Price : Have we reached the peak?

When the property price peak is near or when then boom is beginning to turn to a slump, some of the tell tale signs are : 1) Lots of constructions activities, cranes everywhere. 2) Plenty of seminars conducted to attract buyers. 3) Many experts expounding conflicting information and views. 4) Peak and slower population increase, migration rate 5) Economy is still good, everybody is having a good time, income peaks. 6) Sales of property volumes peak but is beginning to slow and it takes longer to sell or rent. 7) Affordability decreases. Are we there yet?

Reading Digest: Grow Rich with the Property Cycle

How can one predicts the property cycle, timing when to buy and when to sell, the 64 million dollar question is finally all answered  by New Zealand author and property expert Kieran Trass through his intensive research in this book. For example, he has analysed that all cycles start off with the high end prime properties, follows by mid price suburban and low end housing. He also advises how to read the signs that indicates at which point of the cycle we are at, Boom (early Boom, mid Boom or late final Hoorah), Slump, or Recovery. Get a copy, you can only profit from it.

Quote: Procrastination on Real Estate

Room with a View

Property prices follows a cycle, what goes up must come down. But the question is when is a good time to buy and what is a right time to sell, one thing for sure, when the timing is right to buy or sell, never procrastinate.

I hesitate to make a list

of all the countless deals I’ve missed;

Bonanzas that were in my grip –

I watched them through my fingers slip:

The windfalls which I should have bought,

were lost because I over thought;

I thought of this, I thought of that,

I could have sworn I smelt a rat.

And while I thought things over twice,

another grabbed them at the price.

It seems I always hesitate,

then make my mind up much too late.

A very cautious man am I,

and that is why I never buy.

I choose to think and as I thought,

they bought the deals I should have bought.

The golden chances I had then are lost,

and will not come again.

Today I cannot be enticed,

for everything’s so overpriced!

The deals of yesterday are dead;

the market’s soft – and so’s my head!

At times a teardrop drowns my eye,

for deals I had, but did not buy.

And now life’s saddest words I pen:

“If only I’d decided then”…

Anonymous

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Real Estate Scam: Thailand

Buying property in Thailand can be risky proposition, make sure you buy from reputable developer, or better still go for completed projects. In the last 20 years, countless instances of scams were reported in the paper. Amazing is how some of the scammers legitimately bankrupt their un-built projects and return to cheat again and again.