Real Estate Realities , livre ebook

Marshall Cavendish International - Ku Swee Yong

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110 pages

English

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Following the success of Real Estate Riches and Building Your Real Estate Riches, which were bestsellers in major bookstores, as well as on the Sunday Times bestsellers' list for weeks, property expert Ku Swee Yong now offers an updated essential guide to help investors to maximise their investment returns. Especially for those who are keen on commercial or industrial properties, this book gives practical advice that will help you make sound decisions. Backed by solid research and astute observations, Real Estate Realities cuts through the haze of speculation and advertising clutter. It addresses current issues faced by property investors through a collection of articles previously published in Today and The Business Times, and reveals insights into public and private properties, mixed developments, luxury estates and legacy planning.

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Gestion et management

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Publié par	Marshall Cavendish International
Date de parution	13 août 2014
Nombre de lectures	0
EAN13	9789814634892
Langue	English

Informations légales : prix de location à la page 0,0500€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

Extrait

In an increasingly crowded environment, where an overload of data and computer programmes are attempting to displace human intuition and analysis, this book reminds us that data is only helpful when used properly, and that intuition and a good understanding of real estate issues from walking the ground and smelling the earth are still important parts of real estate investment.
TAN KOK KEONG CEO, REMS Advisors Pte Ltd
Having worked with the author, his passion for real estate is evident. He does both his homework and legwork . He is a competent practitioner and yet remains an enthusiastic student of the subject, consistently exploring opportunities and offering insight with a multi-dimensional approach that goes beyond the bricks-and-mortar of the subject matter.
TAN LI FONG Banker and ex-colleague
Given the current world situation, the word globalisation not only applies to the global economy but also to the world of real estate. Interest in properties in Asia will always see global appeal and demand and Real Estate Realities is that ideal textbook for professionals and investors alike. I have been looking forward to Swee Yong s new book for a long time and am really happy to have read this third book.
MAKOTO KOJIMA Director, HN CAPITAL Pte Ltd
From rich data applied with rigorous analysis and synthesised with insightful connectivity to practical information from ground experience, this book is the go-to reference for an understanding of the local and international real estate scene. A must read to help you on your journey to leverage real estate as part of your wealth accumulation portfolio.
WOON LAI HAR Investor and ex-finance director
One of the many challenges in real estate investing is selecting the right tools and information for investment. Swee Yong enlightens us on the fundamental errors, assumptions and interpretations that occur in reports made by educated individuals, therefore making us aware of how we interpret what we read. He opens our mind to consider changing public policies and cooling measures, and breaks down to what statistics really mean. Real Estate Realities - I believe this book has achieved its goal.
RALPH NUNIS CEO of property development firm Sunfire Asset Pty Ltd (Perth, Western Australia)
Swee Yong views the property market often in interesting ways few others ever contemplate. His views are based on research, backed by facts, logic and reason. He is not afraid to ask the right questions. The book provides examples of his honest thoughts, with added practical considerations for the reader to better appreciate the market.
ALVIN MAH Chief investment officer in a real estate investment fund
There are many books on property investment - some guarantee you success, others promise to make you a millionaire, and most are hot air blowing in the sky. Swee Yong s book would put you on the solid ground of hard facts and fundamental data. His pragmatic approach and critical analysis of the current issues would give investors better insight into the upcoming developments of the property market. Anyone who is serious about property investment should take note of the findings; you may not agree to all the points but it helps to set the framework, a sound base approach, to investing in properties.
LUKE KAI MAN NG Executive Director, 21 Holdings Limited; CEO, Century 21 Hong Kong and Macau; Owner and Director, Century 21 Singapore
Swee Yong s previous books are an insightful read both for casual readers as well as investors in the Singapore property market. This book continues the trend.
UMA SHANKARI E x-property journalist , The Business Times

2014 Marshall Cavendish International (Asia) Private Limited
Published by Marshall Cavendish Business
An imprint of Marshall Cavendish International
1 New Industrial Road, Singapore 536196
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National Library Board Singapore Cataloguing in Publication Data
Ku, Swee Yong, author.
Real estate realities : accommodating the investment needs of today s society / Ku Swee Yong. - Singapore : Marshall Cavendish Business, 2014
pages cm
ISBN : 978-981-4516-39-6 eISBN : 978 981 4634 89 2
1. Real estate investment - Singapore. 2. Aging - Economic aspects - Singapore. I. Title.
HD890.67.Z63
332.6324095957 - dc23
OCN885289789
Printed in Singapore by Fabulous Printers Pte Ltd
To architects, builders and developers who design and build buildings that last for generations and centuries.
CONTENTS
Preface
1. When luxury meets liquidity
2. Are ECs still relevant?
3. Hot money in real estate?
4. Housing the growing masses
5. Picking a home for legacy planning
6. The surge in subletting needs dealing with
7. Re-examining the basis for public housing
8. The future of ECs
9. Predicting the sun will rise in the East
10. Higher supplies equal rising prices?
11. Are ECs within easier reach than five-room resale flats?
12. Where is the excessive borrowing?
13. The price war has begun
14. Mixed developments, mixed results
15. Are sixty-year leasehold residences here to stay?
16. Gardens in the air
17. Japan property gets Olympics push
18. The three hexagons of Tanglin Halt
19. Master Plan 2014
20. The allure of international properties
An interview with the author
Partnering Century 21
About the author
PREFACE
A senior gentleman recently asked for my opinion on the Urban Redevelopment Authority (URA) Master Plan 2014. We discussed the aging population and I suggested we offer first-line healthcare to our senior citizens and retirees at the neighbourhood level, so that instead of placing our seniors into old folks homes, the services, software and heartware available in such homes are incorporated into each neighbourhood. This means that we need to start training many caregivers across a wide range of qualifications starting today.
We also discussed the population growth numbers and while growing the population to support jobs to grow our economy is a good plan, I wish for Singapore to build up the necessary infrastructure first - as Mr Lee Kuan Yew and the nation builders did in their day. They had embarked on the ambitious Mass Rapid Transit (MRT) train system when our population was scarcely 3 million. They built Changi Airport before competition from other regional air-traffic hubs came in. They developed Jurong Island and then attracted billions of dollars worth of inward investments, which not only solidified Singapore s position in the oil and petrochemical world, but also created many high-value jobs for Singaporeans.
Like then, we need to build that capacity before we bring in more jobs. We also need to bring in more jobs to bring in more people. So the key to success is infrastructure capacity. Similar to Singapore Airlines very successful strategy to order sufficient aircraft to sustain eight to ten years of traffic growth, if we build the pipes and the trenches in Jurong Island, the multi-national petrochemical firms will come.
To fill these jobs, we need to widen and deepen the education level of our workforce. The pioneer generation of leaders spared no expense to provide all Singaporeans with ten to twelve years of formal education. But to stay ahead of the global competition, the Singaporean workforce is likely to need more years of education. We need to train more specialists to become experts in their fields. These highly respected Singaporean talent will become a magnet for foreign talent. So while public debate carries on about children s education, we should also discuss the qualifications of Singaporean business leaders. Should we increase the proportion of Singaporeans with postgraduate degrees? A similar question has been asked within the banking industry: Do we have a core team of Singaporean leaders in banking and finance?
But we digressed. The articles in this book deal with similar broad-level issues. Issues such as public housing policies, the population white paper, the seemingly high household debt of Singaporean families, prices for sixty-year leasehold retirement condominiums, among other things. I have concluded with a long opinion piece on the Master Plan 2014 with my views on where we should invest and where to stay away.
It has been three years since the article on overseas property investments appeared in my first book Real Estate Riches , so I review the recommendations made at that time, and then update my views about which countries we might consider for the next five to ten years.
Finally, I am thankful to my friends, colleagues and industry seniors for their valuable inputs a