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Sunday, April 06, 2008
Never only look at things from one point of view..

Some acquaintances of mine have been telling me how good the resell market has been in Singapore, and how the en-bloc fever is blanketing the nation. This was particularly when i was back in January, where friends of friends all echo the same sentiments.

Just like the mid-90s property boom, my "minute" level of understanding is that:

  • yes, you can earn a lot from selling your current property
  • but you're going to spend most of the income from the initial sale for your purchase of your next flat

As some folks might say, net-net same amount, or whatever goes into left pocket goes out of the right pocket immediately.

Just read a blog post here and it described how a reader's pain and challenges in going through such an experience of en-blocing, if you can even call it a word. Ouch!

[via The Singapore Daily]

posted by Jonathan at 10:00 PM | Permalink |


At 12:03 PM, Anonymous Anonymous

U heng ahhhh ... now not living with this gal in the same country, after watching this, don't tell your U.S friends where you are from....

check this out and read the tons of comments on her and what they think about singapore, thanks to her … KNNBCCB~!!!!



At 3:53 PM, Blogger Jonathan

i just received a mail in one of my company's mailing lists that mentioned her. She's getting all the f(l)ame that she wants i guess.