The world over is experiencing freak weather conditions. Its pouring cats, dogs and elephants causing massive flooding in several regions across the globe whilst causing horrible heatwaves at other parts. Even London and New York City has not been spared. And its even the wrong time of the year for such things. Its mad.
The Stock Market had been experiencing a bull run for the last couple of months, and then suddenly, without much warning, it tumbles and tumbles and hasn't stopped tumbling. Just about everything is in the red. My whole stock watchlist is now all red, as if joining in the celebrations for Singapore's 42nd Birthday.
The worst is the Property Market. Everyone seems to be jumping onto the bandwagon and trying to make a quick buck out of the recent releases, latest launches and special sale previews. 99 year property, freehold property... everything goes. The lines have been blurred and the distinctions of 99 year properties, 999 year properties and freehold properties, once hailed as the premium properties has been done away with.
"Its a dog-eat-dog-world out there", we were told by one property agent, who did one of the strangest things ever. We discovered this last Sunday after a random call.
G and I were reading the Sunday papers and G saw an advert in the classifieds advertising a particular sized unit in a development that we had acquired in the last 6 months. Our stack is the only one with that size, so we were curious which of our soon-to-be-neighbours was succumbing to making a quick buck. (OK, you got me. I admit it. We wanted to get a rough feel of how much ours was worth.) Anyway, as the story goes, G calls the agent and to all our dismay (including the howling pooch in the background), the agent is trying to tout us... drumroll please..... the exact same unit that WE bought! Geez.
"Is there something you're not telling me, DEAR?"
Geez. I never knew that we had even put our unit onto the market for sale. This is absurd. Can you believe it? Agents actually pay good money to advertise units that the sellers don't even have the intention to sell, or sellers are not even aware of someone trying to sell their home away. This is really bizarre. The parents were immediately smsed (they are currently in the States visiting the Brother and his family) and interrogated on whether they were putting our unit up in the market without us knowing. Heh. Just checking...
Oh, and it didn't please us that the asking price this entrepreneurial agent tried to sell us wasn't enough to convince us to sell. Far from it, actually. And of course, he didn't know that we actually owned the unit he had advertised.
Just his luck to get us to call up and enquire on his advert. Oh well.
The Stock Market had been experiencing a bull run for the last couple of months, and then suddenly, without much warning, it tumbles and tumbles and hasn't stopped tumbling. Just about everything is in the red. My whole stock watchlist is now all red, as if joining in the celebrations for Singapore's 42nd Birthday.
The worst is the Property Market. Everyone seems to be jumping onto the bandwagon and trying to make a quick buck out of the recent releases, latest launches and special sale previews. 99 year property, freehold property... everything goes. The lines have been blurred and the distinctions of 99 year properties, 999 year properties and freehold properties, once hailed as the premium properties has been done away with.
"Its a dog-eat-dog-world out there", we were told by one property agent, who did one of the strangest things ever. We discovered this last Sunday after a random call.
G and I were reading the Sunday papers and G saw an advert in the classifieds advertising a particular sized unit in a development that we had acquired in the last 6 months. Our stack is the only one with that size, so we were curious which of our soon-to-be-neighbours was succumbing to making a quick buck. (OK, you got me. I admit it. We wanted to get a rough feel of how much ours was worth.) Anyway, as the story goes, G calls the agent and to all our dismay (including the howling pooch in the background), the agent is trying to tout us... drumroll please..... the exact same unit that WE bought! Geez.
"Is there something you're not telling me, DEAR?"
Geez. I never knew that we had even put our unit onto the market for sale. This is absurd. Can you believe it? Agents actually pay good money to advertise units that the sellers don't even have the intention to sell, or sellers are not even aware of someone trying to sell their home away. This is really bizarre. The parents were immediately smsed (they are currently in the States visiting the Brother and his family) and interrogated on whether they were putting our unit up in the market without us knowing. Heh. Just checking...
Oh, and it didn't please us that the asking price this entrepreneurial agent tried to sell us wasn't enough to convince us to sell. Far from it, actually. And of course, he didn't know that we actually owned the unit he had advertised.
Just his luck to get us to call up and enquire on his advert. Oh well.
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