Category: Housing & Property

Ohmyhome – A simple way to buy, sell, or rent HDB flats completely FREE!

In this new digital economy, middlemen are being reduced or completely bypassed. And technology is making it easier for producers/sellers and customers/buyers to deal directly with each other. The property market is no exception. In a previous article, I argued that unless property agents demonstrate value to their clients, their services will be more and more debased as technology makes transactions easier, more transparent, and so “boilerplate” that it’s possible for two parties to DIY the transaction. With Ohmyhome, this DIY route is made more feasible, and is completely free.

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Furnish Your Home for Free with #OOTD

ootd
I hope my #OOTD will inspire you to have your own!

I recently moved to another home, and in the process of moving and documenting all my belongings, I realised that the majority of my furniture pieces were obtained FOC (free of charge). No, they were not given to me, at least not knowingly. I’ve never met any of the previous owners.

In the course of 5 years, I’ve collected 14 pieces of furniture, which account for nearly 70% of all the furniture I have in total, along with a myriad of other knick-knacks that I’ve salvaged. What does this have to do with #OOTD? Well in my world, #OOTD stands for Out Of The Dumpster. Want to see my #OOTD collection? (more…)

Your REAL Rental Yield in Singapore is likely ZERO

Have you been fooled with 3 – 4% rental yields, when actual yields are really 0?
Photo by Ken Teegardin

Here’s the story/scenario that property agents or financial advisors tell you to convince you that investing speculating on a condo in Singapore to get rental income is always a smart thing to do. “If you buy a condo, then rent it to a ready and willing expat tenant, he/she will pay rent that will cover your mortgage payments and even give you some extra pocket money. And after the term of the loan (usually 25 or 30 years), the home will be yours free, paid off with passive rental income.” The story is often followed by the agent giving you a wide-eye/gaping mouth look that suggests, “everyone is doing this, this is the only way to get rich, and you would be a complete fool if you don’t do it too.” Here’s where they’re wrong: (more…)

Are Property Agents Really Needed in Singapore?

directhome
Buy, sell, and rent properties directly with DirectHome.

Imagine for a moment the Singapore property market without any property agents. Some would argue that this would make the industry disastrous; others would cheer and say that the industry would not only be more efficient but also be more value-driven.

For years now, the internet has disrupted many industries, and the FIRE sector (finance, insurance, real estate) is no exception. Many believe that this sector is parasitic in nature, charging exorbitantly high fees and delivering little in terms of value while producing absolutely nothing. Just as we’ve seen the rise of Direct Purchase Insurance (DPI) through CompareFirst which started last year, now comes DirectHome, a portal in which you can buy, sell, and rent properties directly without the middlemen (i.e., the property agent), potentially saving you both time and money. (more…)