I am not sure how many of us ever pay any attention to the URA Concept Plan which is being reviewed every 10 years. The Concept Plan is a strategic land use plan that will guide Singaproe’s development over the next 40 to 50 years in all land use such as housing, businesses, transport, infrastructure, recreation, and community needs. In real estate business, it is important to identify the gist of the Concept Plan which will mould and shape the Master Plan of Singapore in many ways.
Just in case that you are …

With the bullish market in the property, I have been advising my buyers in purchasing resale units since the prices are still much lower than the newly launched prices. Even so, we have been seeing the resale prices creeping upwards. In Novena, the average resale transaction prices I am involved in are ranging from $1200 to $1600 psf depending on the location and unit condition. Like wise for Balestier and Potong Pasir area, the average resale transaction prices are from $800 to $950 psf and $750 to $1000 psf respectively.

If …

I have to admit it is always tough to have an impartial and unbiased stand in your profession when it comes close to conflict with your business. It is similar to asking a barber do you need a haircut.
I had once literally turned away a deal because I advised my clients to choose a new HDB flat rather than buying a new condominium unit. It was after long discussion with them on their financial planning and practicality of their lifestyle that we realized buying a private residential unit may not be …

I promised to share with you more on Uncle A’s investment.   Uncle illustrated 2 shophouses he invested recently.
Shophouse 1 in Iskandar
The first one is a 3 storey shophouse in the new Iskandar site in Johor Bahru. He bought it at RM $650k. The shophouse unit obtained TOP at end 2008, but he delayed the take-over till middle last year. The reason being that the shophouse is located in the new township, and he would want the developer to take maintenance of the unit till the last minute if possible. …

I have a relative from Malaysia. I shall name him as Uncle A. Uncle A is an old bird in investment, both in stocks and property. He is not highly educated, however he believes in self-upgrade that he applies what he learns from newspaper and books on his investment. And he is an extremely smart guy with a calculus in his mind, who believes  in cash flow more than capital appreciation.
I was told he only get his first one million at the age of 40, through prudent saving and conservative …