Investmentat Salary.sg – Your Salary in Singapore |
Banks use the Debt Service Ratio to assess your creditworthiness.
Defined as the monthly loan installment amount divided by your gross monthly income, your DSR typically has to be somewhere in the 35% to 40% region for banks to be happy to grant you that mortgage. (See also past article on second home loan.)
However, the DSR [...]
In its steepest decline since its inception in 1975, the URA property price index plunged a hefty 14.1% in Q1 this year.
The URA property index tracks private home prices in Singapore.
The apparent recovery triggered by the strong sales of Alexis and Caspian condominiums in February was just a mirage.
As predicted by Salary.sg in October last [...]
I quite agree with what Dennis Ng wrote for Sunday Times yesterday.
“… estimate at which stage of the market cycle we are in… identify the major trend direction… position ourselves accordingly…”
What he’s saying is to estimate the market upturn and buy. He then gave an example: DBS hovered between $8 and $10 for over a [...]
It’s a rhetorical question.
In his highly anticipated annual letter to shareholders of Berkshire Hathaway, the legendary investor Warren Buffett said the following, clearly accepting blame for the lacklustre performance of his investment firm:
“During 2008 I did some dumb things in investments,… I made some errors of omission, sucking my thumb when new facts came in [...]
… by running his motivation business and investing in shares and properties. But I would compare him with another “guru” Clemen Chiang.
The founder of Adam Khoo Learning Technologies Group, which conducts personal development courses for children (and adults too), has invested in 2 condos (sold off 1) and stays in a 5,000 sq ft semi-detached [...]
If you have the good fortune of remaining unscathed by the recession, perhaps you should turn aggressive and try to take advantage of it instead.
First, make sure you have set aside enough money to cover 1 year’s worth of your family expenses, just in case.
Then invest the rest. Take advantage of the recession.
Now is the [...]
In a rather critical article, the Wall Street Journal says our export-driven economy is “falling on its face” and the growth model which our government has embarked on “needs rethinking.”
The main criticisms seem to be our low consumption, the government’s risky bets on certain industries, and our over-reliance on the government:
“Singapore’s economy would be more [...]
So says a shocking Citi report on Singapore property.
Citi expects our GDP to contract by 2.8% this year, “making it the most severe recession in Singapore history.”
As for property prices, the report also says that a crash is imminent (see related article: Property Must Crash).
Condominiums in the mid-tier segment is expected to have a price [...]
Haven’t you noticed? Whenever interviewed by the media, they almost always talk up the property market, saying things like prices have stabilized and now is the best time to get into property.
Yes, according to them, NOW is always the best time to buy property.
Recent case in point: in today’s Sunday Times, among the 10 investment [...]
Only 267 condominiums and private apartments changed hands in the whole of November.
This is the fourth consecutive month of decline in non-landed private property transactions, down from a peak of 1,613 recorded in July this year.
As property agents depend on transacting deals to make a living – sellers typically pay them 2% of transacted price [...]
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