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Private Property Home Price Trend

Source : Barclays Research : Trend of private property chart.. It seems like we are heading for a soft landing after 5 years of strong bull run of property prices.. Do you think it will correct up to 20% from the peak? My humble opinion : Yes. There's going to be a huge supply of houses coming into the market this year 2014, 2015 and 2016. Many people are upgrading to ECs and private condos because of a strong run in HDB prices over the years. The upgraders to EC have to sell their HDB, people who bought condos have to rent it out when it's TOP (Either their condo or HDB). There will be a big supply of condos/HDB for rent, HDB for sale, and many BTOs for first timer to apply. Who is going to fill up this resale gap? The locals, PR or foreigners? Property is like trading. Whenever there's fear, everyone will try to rush out through a single door, everyone wants to get out/cut loss. But unlike stocks, property is illiquid , it's not easy to get out should market corrects.. In property prices, it will always be uptrend due to limited land in Singapore. You would need to have holding power to ride out the downs during the property cycle. Nothing goes up forever, property market needs a breather like a stock market.    

By |2014-08-31T11:48:17+08:00January 15th, 2014|blog|0 Comments

How to make your life as a Landlord easier with repairs?

I walked into a car showroom a few years back. The cars were new, I could smell the car seat fragrance. The drive was fantastic, smooth and reliable. Everything was so good and comfortable... However, after a few years, things started to go downhill.. Aircon is not cold, engine cooling system is not working, noise in the braking pad, etc etc... Breakdowns are unavoidable in the lifespan of cars. Similarly, breakdowns are also very common in rental properties. What should a Landlord do? Most of the time, I hear tenants complaining to me about things breaking down in the house. Aircon spoil, washing machine faulty, drains clogged.. the list goes on.. As a landlord, there will be a 1 month warranty for all the electrical appliances in the house to the tenant, except for damages done by the tenant. Landlord is also responsible to ensure that the appliances is in good and working condition before handing over to the tenant. Nonetheless, there are a few tips/clause that you can put in the Tenancy agreement contract that can make your life as a landlord much easier: 1. Keep the operation manual of all the appliances and leave the file there so that the tenant can look at it for easy reference. Inform the tenant to check out the operation manual for any machine malfunction/google the fault through the internet before contacting the Landlord or Landlord's agent. 2. State in the Tenancy Agreement that Tenant is responsible for all-minor repairs and routine maintenance of the premises not exceeding $100 or $150 (amount agreed betw. the Landlord and Tenant) per item per job throughout the term of the said lease If it exceeds $100 or $150, then the [...]

By |2014-08-31T11:46:26+08:00January 7th, 2014|blog|0 Comments
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