singapore property weekly issue 203

8/9/2019 Singapore Property Weekly Issue 203

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Issue 203Copyright © 2011-2014 www.Propwise.sg. All Rights Reserved.

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CONTENTS

p2 15 Dirty Secrets of “Get Rich Quick”

Seminar Organizers

p7 Singapore Property News This Week

p11 Resale Property Transactions

(March 25 – March 31 )

Welcome to the 203th edition of the

Singapore Property Weekly .

Hope you like it!

Mr. Propwise

FROM THE

EDITOR

mailto:[email protected]://www.propwise.sg/advertise/http://www.propwise.sg/advertise/mailto:[email protected]


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SINGAPORE PROPERTY WEEKLY Issue 203

Page | 2Back to Contents

By Gerald Tay (guest contributors)

From over a decade ago, many local seminar

entrepreneurs have ridden the trend of

popular gurus such as Robert Kiyosaki (“Rich

Dad”) to teach property and wealth seminars

to make money from the masses. Of course,

they want you to believe that they are doing it

to spread the knowledge, but this isn‟t always

true.

The 15 dirty secrets that will make you

lots of money running a seminar business

The following are 15 secrets that these

“gurus” use to make

15 Dirty Secrets of “Get Rich Quick” Seminar Organizers


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themselves (but not necessarily you) a lot of

money:

1. Come up with your own get rich quick

“secret” in a specific niche market(property, forex, stocks, etc.), the more

sensational the better. For example, “How

to own multiple properties with little or no

money.”

2. Coin catchy phrases, for example

“Millionaire”, “Secrets of …”, “No-Money-Down” – anything that gives an oomph for

your seminar title to entice your target

market. “Why buy a car when you can

buy a hotel?”

3. Create a long marketing page filled withbold and cheesy statements, put up fake

testimonials and unbelievable ROIs. E.g.

“ Generate 20%-25% per annum from

your investments with proven results!”

4. Get yourself interviewed in The Sunday

Times “Invest” page for added publicity.

Most reporters desperately need a story

and have no time to verify your claims.

5. Get a ghost writer to write your book.

Get it published and buy out your own

first printing to make it appear your book

was popular. Many "best sellers" used this

tactic to get to the Best Seller status. Your

books don‟t have to sell like “Rich Dad,Poor Dad”. Simply recoup back your

money and time by selling more

seminars.

6. Register several shell-companies to

give the impression that you‟re also a

successful owner of several “businesses.”

Or invest $1,000 in each of your friends‟

businesses and become a co-owner in

name. Or invest in a publicly listed


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company‟s shares and claim you‟re also a

co-owner.

7. Invent stories to captivate your

audiences at your free previews. Thestoryline must include sad beginnings of

how “poor” you were to invoke

sympathy from your audience.

“Bankruptcy” is always a good storyline

to start with.

8. Proceed to amaze them about how you

rose from the “grave” and made

millions in only x years with your “secret”

strategy.

9. Hire a few people to fake testimonials

to the audience. Promise them a cut from

the number of sign-ups as commission.

10. Price your seminar fees in the 5-figure

range. If it‟s too cheap people will think

it‟s worthless. Too expensive and your

target audience cannot afford it.

“Generously” throw in tons of worthless

freebies.

11. Sales Trick-of-the-Day: At your preview,

slash your 5-figure seminar fees down,

first by 50%, then another 20%, followed

by another 20%, and finally offer a price

that ends up looking irresistibly attractive.

Invent silly reasons why the price theypay is only a small “investment” versus

the money they can make. Offer early bird

discounts (“signup today!”) to close the

sale.

12. Get an award. Win some unheard of

business award, e.g. “Soul of

Entrepreneurship”. Or simply invent one

yourself. Having some business “awards”

will help you sell your seminars better.


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13. Cut deals with property developers

(especially over seasones) and offer

them to your students. For every buyer,

you get a cut of the profits or even

better, a free property unit to add to

your claim of being an “ owner of 100

properties.” It does not matter if the

deals turn out badly – you got yourself a

free lunch anyway. (EcoHouse,

anyone?)

14. Upsell more stuff during your seminar.

15. Remember: You’re the magician and

movie director . The better the stage set-

up, the more money you‟ll make.

Get Real

These seminars usually charge somewhere in

the range of $3,000 to $5,000 or more for a

two to three day program. They use annoying

marketing tactics to sell you programs of

questionable value. The truth is, there are no

shortcuts or secrets that will get you there

faster. Hard work is the answer.

Unless they are conducted by highly

reputable learning institutions or by realprofessionals with recognised qualifications,

you should be cautious about overpaying for

these seminars.

There are some „down-to-earth‟ seminars by

real individuals with real experiences.


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They are priced very affordably without the

hype.

The bottom line is, you don‟t need to spend a

lot of money to educate yourself financially.

Never let the scammers steal your hard-earned money.

By guest contributor Gerald Tay, who is the

founder and coach at CREI Academy Group

Pte Ltd , an organization dedicated to

empowering retail property investors with

smarter investing philosophy and strategies.He is a full-time investor with over 13 years of

solid experience in building his wealth

through Property Investment and is financially

wealthy today.

SINGAPORE PROPERTY WEEKLY I 203

http://www.crei-academy.com/http://www.crei-academy.com/http://www.moneymatters.sg/http://www.crei-academy.com/http://www.crei-academy.com/http://www.crei-academy.com/http://www.crei-academy.com/http://www.crei-academy.com/http://www.crei-academy.com/http://www.crei-academy.com/http://www.crei-academy.com/http://www.crei-academy.com/


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Singapore Property This Week


Residential

M a r c h H D B r e s a l e p r i c e s f a l l 0 . 8 % m o n t h -

o n - m o n t h

According to flash estimates by SRX, HDB

resale prices fell by 0.8 percent in March from

the previous month and 6.6 percent from lastyear. Prices fell for three-room, four-room,

and five-room HDB flats according to the

flash estimates. SRX sub-indices for HDB

resale prices show that there was a 0.9

percent and a 0.8 percent fall in the mature

and non-mature estates respectively.Nonetheless, resale transaction volumes

have increased. Data compiled by SRX

showed that there was a 17.5 percent

increase in the number of HDB flats sold from

1,148 units in February to 1,349 units inMarch. However, this is still 5 percent less

than the 1,420 units that changed hands in

March last year.

(Source: Business Times)

HDB res ale t ran s ac ti on s ex pec ted t o i m p r o v e fr o m M a r c h

According to Eugene Lim from ERA Realty,

the volume of HDB resale transactions are

expected to increase from March. He added

that if resale volumes improve, the total

number of units that changed hands may

increase from last year‟s all-time low of

17,318 units. He expects that there would be

about 18,000 to 20,000 units sold by the end

SINGAPORE PROPERTY WEEKLY I 203


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of the year in the resale market due to a

reduction in Built-To-Order flats. Based on

data by SRX, prices fell by 0.9 percent, 1.1

percent and 0.5 percent in the three-room,

four-room and five-room flats respectively.

Since the lowering of the lending cap of the

mortgage servicing ratio, Ong Kah Seng from

R‟ST Research said that prices of smaller

flats have remained flat. Ong added that

buyers‟ interest will increase around mid-2015

as he expects resale prices to fall further.

Wong Xian Yang from OrangeTee said that

when the HDB income ceiling is raised, more

first-time buyers who were previously

ineligible for property grants may choose a

resale flat over a private property.


W in n in g G LS b id s f el l b et w een 3 t o 24

per cent

This year, winning bids for residential sites

sold under the Government Land Salesprogramme have fallen by 3 to 24 percent in

price relative to comparable sites sold in the

last two years. This excludes the tender for a

residential site at Sturdee Road. Market

experts believe that land prices will continue

to fall this year. Ong Teck Hui from JLL saidthat developers are placing more

conservative bids as they are more cautious

on the market. Christine Li from Cushman &

Wakefield believes that land prices are

expected to fall further as the cooling

measures had not been lifted and interestrates are expected to rise.



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The rise in construction cost due to a

shortage of labour has also pushed the price

of land bids down, said Cheang Kok Kheong

from Frasers Centrepoint Limited.


G CB at R id o u t R d at tr ac ts 10 b id s an d

another at Gal lop R d is s old fo r $25.8m

A Good Class Bungalow (GCB) site at Ridout

Road has closed for tender. The 73,277 sq ft

freehold bungalow has attracted 10 bids. It is

believed that the highest bid is around $85

million. According to the Business Times, the

land area may be further subdivided into four

smaller GCB plots due to its large size. Also,

another GCB site at Gallop Road has been

sold for $25.8 million or $1,712 psf. The

15,070 sq ft of land area consists of a two-

storey bungalow with five bedrooms and a

swimming pool. According to information from

URA, it was built in 1984.


M o r e t h a n h a l f o f t h e 9 2 0 u n i t s a t N o r t h

Par k R esidences have been r eser ved

Since its launch, more than half of the 920

units at North Park Residences have been

reserved. According to the BusinessTtimes,

almost all of the units at North Park

Residences would be up for sale by the

weekend. Nicholas Mak from SLP

International said that its prime location and

close proximity to facilities such as shopping

centres and Yishun MRT Station would attract

buyers. At its soft launch, 313 units out of the

413 released units were sold. Singaporeans

accounted for 88 percent of buyers and there

were equal distribution of buyers across all

room types, from one-bedders to five-

bedders.



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A one-bedroom plus study unit is priced from

$758,000 while a two-bedder costs about

$840,000. A three-bedder costs $1.049

million, a four-bedder starts from $1.496

million while a five-bedder costs about $1.79million.

Commercial

C o l l i er s : o w n e r s o f o l d e r b u i l d i n g s n e e d t o

low er r ents to r emain at t r act ive

According to a report by Colliers International,occupiers are moving into newer office

buildings. As such, demand for office space in

existing developments in the CBD area may

be affected. On average, the occupancy rates

of premium grade office space in Raffles

Place has increased by 3.6 percentage pointsquarter-on-quarter to 91.8 percent. The

average monthly gross rents for premium

grade offices in that area has remained

unchanged at $11.93 psf in Q1 2015 from the

previous quarter. On the other hand, rents of

Grade A offices in that market have increased

by 1.6 percent to $10.41, while rents of Grade

B offices have increased by 1 percent to

$8.74. Rents of Grade A offices are expectedto increase further, according to a report by

Cushman and Wakefield. Owners of older

buildings should offer better incentives or

more competitive rents in order to retain its

tenants, said a report by Colliers.



http://propertymarketinsights.com/


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Non-Landed Residential Resale Property Transactions for the Week of Mar 25 – Mar 31

Postal

District

Project NameArea

(sqft)

Transacted

Price ($)

Price

($ psf)

Tenure

1 MARINA BAY SUITES 2,691 7,932,750 2,948 99

1 THE RIVERSIDE PIAZZA 947 1,180,000 1,246 99

3 TANGLIN VIEW 872 1,220,000 1,399 99

3 THE ANCHORAGE 1,765 2,100,000 1,190 FH

5 ONE-NORTH RESIDENCES 1,615 2,228,000 1,380 99

5 WEST BAY CONDOMINIUM 872 770,000 883 99

8 CITY SQUARE RESIDENCES 1,238 1 ,490,000 1,204 FH

8 KERRISDALE 1,270 1,315,000 1,035 99

9 HILLTOPS 1,593 4,840,000 3,038 FH9 ONE DEVONSHIRE 1,324 2,800,000 2,115 FH

9 THE TRILLIUM 1,798 3,780,000 2,103 FH

9 WATERMARK ROBERTSON QUAY 1,324 2,250,000 1,699 FH

9 LANGSTON VILLE 936 1,300,000 1,388 999

10 8 NAPIER 2,777 8,575,376 3,088 FH

10 ARDMORE II 2,024 4,700,000 2,323 FH

10 TANGLIN PARK 1,119 2,000,000 1,787 FH

10 BOTANIC GARDENS VIEW 1,755 3 ,100,000 1,767 FH

10 DUCHESS MANOR 1,033 1,750,000 1,694 99910 WATERFALL GARDENS 2,196 3,320,000 1,512 FH

10 NATHAN PLACE 1,367 1,500,000 1,097 FH

11 PARK INFINIA AT WEE NAM 969 1,830,000 1,889 FH

11 MANDALE HEIGHTS 570 835,000 1,464 FH

Postal

District

Project NameArea

(sqft)

Transacted

Price ($)

Price

($ psf)

Tenure

11 THE LINCOLN MODERN 1,410 1,950,000 1,383 FH

11 THE TREVOSE 1,733 2,200,000 1,269 99

11 MINBU VILLA 2,519 2,400,000 953 FH

12 DE ROYALE 1,281 1,620,000 1,265 FH

12 BALESTIER PLAZA 1,023 1,068,888 1,045 FH

12 ST FRANCIS LODGE 1,238 1,060,000 856 FH

15 THE BELVEDERE 1,302 1,930,000 1,482 FH

15 IMPERIAL HEIGHTS 1,033 1,360,000 1,316 FH

15 THE MAKENA 1,152 1,500,000 1,302 FH15 COSTA RHU 1,841 2,335,000 1,269 99

15 PARADISE PALMS 915 1,120,000 1,224 FH

15 IDYLLIC RESIDENCES 850 970,000 1,141 FH

15 OLA RESIDENCES 1,442 1,440,000 998 FH

15 CANNAVILLE 1,216 1,200,000 987 FH

15 VILLA MARINA 1,249 1,230,000 985 99

15 THE PROMINENCE 1,324 1,050,000 793 FH

16 COSTA DEL SOL 1,324 1,750,000 1,322 99

16 FAIRMOUNT CONDOMINIUM 958 880,000 919 9918 MELVILLE PARK 936 752,000 803 99

18 EASTPOINT GREEN 1,184 920,000 777 99

19 KOVAN RESIDENCES 1,765 2,075,000 1,175 99

19 KOVAN RESIDENCES 1,259 1,390,000 1,104 99



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NOTE: This data only covers non-landed residential resale propertytransactions with caveats lodged with the Singapore Land Authority.Typically, caveats are lodged at least 2-3 weeks after a purchasersigns an OTP, hence the lagged nature of the data.

Postal

DistrictProject Name

Area

(sqft)

Transacted

Price ($)

Price

($ psf)Tenure

19 THE SPRINGBLOOM 1,130 1,165,000 1,031 99

19 THE QUARTZ 1,044 1,050,000 1,006 99

19 THE QUARTZ 1,066 1,060,000 995 99

19 PIN MANSIONS 1,249 1,220,000 977 FH

19 COMPASS HEIGHTS 1,550 1,300,000 839 99

19 NOUVELLE PARK 1,550 1,300,000 839 FH

19 RIO VISTA 1,238 960,000 776 99

20 THE GARDENS AT BISHAN 1,152 1,268,000 1,101 99

23 PARK NATURA 1,410 1,490,000 1,057 FH

23 TREE HOUSE 1,249 1,310,000 1,049 99

23 THE MADEIRA 1,055 950,000 901 9923 REGENT HEIGHTS 1,163 1,040,000 895 99

26 CASTLE GREEN 1,410 1,160,000 823 99
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singapore property weekly issue 203

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