*Official* MasterLeong Thread - Part 2

[SeVenn]

Sph keep shooting CDG

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Win liao lo liddat

 

[lbs]

When you are earn a high income?

20k/mth = 10% expenses is $2,000

let me put it this way... i doubt i will ever earn anything above 5k in my life. that is why i need to do investing.... and I need to be able to invest really well else i doubt I can escape the rat race.

 

[Carnesir]

Found a very interesting yet bit hilarious post from Investing Note written by forumer kelvinkoh.

I usually keep my impulse at bay by dollar cost averaging all my disposable income into stocks.

stocks is very expensive to buy. 1000 Banking shares DBS/UOB/OCBC can easily hoot away all my impulse for cameras, laptops and designer bags combined.

thats why i always tell my fiance i 'poorer' then her.

 

[Carnesir]

let me put it this way... i doubt i will ever earn anything above 5k in my life. that is why i need to do investing.... and I need to be able to invest really well else i doubt I can escape the rat race.

i used to think like u, until i got a few lucky breaks last few years and after 2 rounds of poaching i more then doubled my income.

stay honest, stay hungry, humble and willing to learn. the money will come soon after.

 

[Mr.Canberra]

moi cant even afford a car

If work and save hard for a few years. Anyone can easily afford a second hand car with COE balance of 1 year or less. Especially those without mortgage loan.

 

[Layers]

I usually keep my impulse at bay by dollar cost averaging all my disposable income into stocks.

stocks is very expensive to buy. 1000 Banking shares DBS/UOB/OCBC can easily hoot away all my impulse for cameras, laptops and designer bags combined.

thats why i always tell my fiance i 'poorer' then her.

yea stock make me poor. Dun anyhow hoot things

But when things start to spoil. @@ esp shoes n Jean every 1 or 2 have to change due to wear n tear.

Dunno why ladies need dozens of bags and shoes ( a few is fine)

Guys need 1 wallet, 1 pair of shoes 2 set of cloths can wear whole year liao

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[eveee99]

HLS got hit 43cts? i see 52 week is 42cts onli

Yup...I bought early 2015 but can't remember when I sold.

 

[Mr.Canberra]

Sph keep shooting CDG

2 years ago more property agents are leaving the industry.

This year is taxi drivers turn.

 

[akwl88]

2 years ago more property agents are leaving the industry.

This year is taxi drivers turn.

SINGAPORE — The number of licensed property agencies and registered agents in Singapore has dropped to its lowest since 2011, highlighting persistent weakness in an industry that is also increasingly facing disruption from new platforms designed to cut out the middleman.

Data by the Council for Estate Agencies (CEA) yesterday showed that as of Jan 1, there were 28,397 registered agents in Singapore, down about 3 per cent from 29,262 agents the previous year. The number of licensed agencies also fell to 1,286, down 6 per cent from 1,369 the previous year. Both the number of agents as well as agencies are at their lowest since the CEA began collating the data in 2011.

“The reduction in the number of registered agents could point to a slight consolidation of the industry given the current property market sentiments,” said Mr Heng Whoo Kiat, director of Policy & Licensing at CEA. “The real estate agency industry landscape is evolving. For example, with technological innovations, consumers’ lifestyles and preferences in handling their property transactions are changing, and this could shift demand for real estate agency services.”

Property agents and agencies are also exiting the industry faster than they join it. A total of 95 agency licences and 3,200 agent registrations lapsed at the turn of the year. In comparison, the CEA issued 40 agency licences and 1,189 agent registrations throughout 2016. Multiple cooling measures and loan curbs since 2009 have hit Singapore’s housing market, although the lower prices have nudged volumes up in recent years.

Data for both the public and private markets show that 2016 transactions are on track to overtake 2015 volumes.

Data from the Urban Redevelopment Authority (URA) show that 11,993 private homes were sold in the primary and secondary markets in the first nine months of last year.

While the figure is not far off from the 14,117 units transacted in the whole of 2015, it is far shy of the nearly 38,000 units sold in 2012 before the Total Debt Servicing Ratio (TDSR) framework was implemented.

In the public housing market, resale transactions totalled 15,801 in the first nine months of last year, Housing and Development Board (HDB) figures show. For the whole of 2015, a total of 19,306 HDB units were resold, up from 17,318 units the previous year.

“Though the volume of property transactions in 2016 has increased over 2015, the overall number is still low compared to the peak. Agents leave the industry because there are a lot fewer transactions now,” said Mr Eugene Lim, key executive officer of ERA Realty Network.

“Agencies that are small outfits bear the brunt of slower transactions as they may have problem covering overheads with the decreased revenue. We have seen small companies close down and the entire team cross over to join large companies like ours,” he added.

In addition to the weaker property climate, the industry also has to contend with new mobile apps such as OhMyHome that easily allow sellers and buyers as well as landlords and tenants to transact directly with one another without going through an agent.

“This is an area of concern that the industry is watching closely,” said Mr Lim, adding that ERA has invested heavily in technology and apps to increase its agents’ productivity.

Ms Tracey Wong, CEO of Institute of Estate Agents (IEA), an industry association, said: “Estate agents should embrace change, make the best of technology and not look at it as disruptive, but take full advantage of technology to be an added useful tool to further enhance services. There is no stopping technology from evolving. We should see how we can make better use of it to our advantage rather than to compete against it.”

http://www.todayonline.com/business/more-property-agents-agencies-exit-industry

they still leaving this year

 

[madtari]

in certain industries, you need to job hop around to speed things up, no point talking about loyalty to company nowadays...

in civil service, good scheme of service and high cep is all you ever need, whereas in private sector you need to have the capability to bring in lots of money and sales for the company.

as much as you don't trust increasing income over inflation rates, I am pretty sure there are abundant cases where income outpaces inflation by a fair bit.

Actually I dun trust increasing income. Esp in ths era

Sent from Sony E6853 using GAGT

 

[Layers]

2 years ago more property agents are leaving the industry.

This year is taxi drivers turn.

But then uncles likes to NATO. Can believe ma?

Sent from Sony E6853 using GAGT

 

[Layers]

SINGAPORE — The number of licensed property agencies and registered agents in Singapore has dropped to its lowest since 2011, highlighting persistent weakness in an industry that is also increasingly facing disruption from new platforms designed to cut out the middleman.

Data by the Council for Estate Agencies (CEA) yesterday showed that as of Jan 1, there were 28,397 registered agents in Singapore, down about 3 per cent from 29,262 agents the previous year. The number of licensed agencies also fell to 1,286, down 6 per cent from 1,369 the previous year. Both the number of agents as well as agencies are at their lowest since the CEA began collating the data in 2011.

“The reduction in the number of registered agents could point to a slight consolidation of the industry given the current property market sentiments,” said Mr Heng Whoo Kiat, director of Policy & Licensing at CEA. “The real estate agency industry landscape is evolving. For example, with technological innovations, consumers’ lifestyles and preferences in handling their property transactions are changing, and this could shift demand for real estate agency services.”

Property agents and agencies are also exiting the industry faster than they join it. A total of 95 agency licences and 3,200 agent registrations lapsed at the turn of the year. In comparison, the CEA issued 40 agency licences and 1,189 agent registrations throughout 2016. Multiple cooling measures and loan curbs since 2009 have hit Singapore’s housing market, although the lower prices have nudged volumes up in recent years.

Data for both the public and private markets show that 2016 transactions are on track to overtake 2015 volumes.

Data from the Urban Redevelopment Authority (URA) show that 11,993 private homes were sold in the primary and secondary markets in the first nine months of last year.

While the figure is not far off from the 14,117 units transacted in the whole of 2015, it is far shy of the nearly 38,000 units sold in 2012 before the Total Debt Servicing Ratio (TDSR) framework was implemented.

In the public housing market, resale transactions totalled 15,801 in the first nine months of last year, Housing and Development Board (HDB) figures show. For the whole of 2015, a total of 19,306 HDB units were resold, up from 17,318 units the previous year.

“Though the volume of property transactions in 2016 has increased over 2015, the overall number is still low compared to the peak. Agents leave the industry because there are a lot fewer transactions now,” said Mr Eugene Lim, key executive officer of ERA Realty Network.

“Agencies that are small outfits bear the brunt of slower transactions as they may have problem covering overheads with the decreased revenue. We have seen small companies close down and the entire team cross over to join large companies like ours,” he added.

In addition to the weaker property climate, the industry also has to contend with new mobile apps such as OhMyHome that easily allow sellers and buyers as well as landlords and tenants to transact directly with one another without going through an agent.

“This is an area of concern that the industry is watching closely,” said Mr Lim, adding that ERA has invested heavily in technology and apps to increase its agents’ productivity.

Ms Tracey Wong, CEO of Institute of Estate Agents (IEA), an industry association, said: “Estate agents should embrace change, make the best of technology and not look at it as disruptive, but take full advantage of technology to be an added useful tool to further enhance services. There is no stopping technology from evolving. We should see how we can make better use of it to our advantage rather than to compete against it.”

http://www.todayonline.com/business/more-property-agents-agencies-exit-industry

they still leaving this year

my friend just started his course

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[yihao93]

n u know the next bag is coming

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Of course tell her keep for investment not for spending mah

 

[Layers]

in certain industries, you need to job hop around to speed things up, no point talking about loyalty to company nowadays...

in civil service, good scheme of service and high cep is all you ever need, whereas in private sector you need to have the capability to bring in lots of money and sales for the company.

as much as you don't trust increasing income over inflation rates, I am pretty sure there are abundant cases where income outpaces inflation by a fair bit.

my skills isn't transferable.

So i dunno how to change job. Holding tight for now

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[Layers]

Of course tell her keep for investment not for spending mah

If u got control over it lol

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[Mr.Canberra]

Actually I dun trust increasing income. Esp in ths era

Focus on capital preservation and retain purchasing power is more important.

In Singapore average inflation per year since 1962 is 2.66%. Your savings/investments must generate 3% p.a. yield to break even or your money is worth lesser and lesser as the years go by.

I do not think most companies even give 3% for annual salary increment hahaha. Never cut pay or get retrenched consider very good liao loh!

 

[madtari]

good for you! no wonder you can pay for your wedding & reno bills, maintain a car and still have 100k portfolio before 30 years old!

i used to think like u, until i got a few lucky breaks last few years and after 2 rounds of poaching i more then doubled my income.

stay honest, stay hungry, humble and willing to learn. the money will come soon after.

 

[MasterLeong]

2 years ago more property agents are leaving the industry.

This year is taxi drivers turn.

ya lor... feels like economy down cycle gao gao

 

[akwl88]

my friend just started his course

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good luck to him

 

[MasterLeong]

I usually keep my impulse at bay by dollar cost averaging all my disposable income into stocks.

stocks is very expensive to buy. 1000 Banking shares DBS/UOB/OCBC can easily hoot away all my impulse for cameras, laptops and designer bags combined.

thats why i always tell my fiance i 'poorer' then her.

in the past some stocks really very hard to buy

I saved like 1 year full then able to hoot 1 big lot of UOB in the past... lol