Monday, May 16, 2011

Overwhelming Response!

I really must thank you for your overwhelming response to my last property class. We are totally sold out and yet many of you have registered to be on the waiting list. After much pondering, I will do one more class to share with you how I invest in property. The class is scheduled in early July and they are planning the logistics right now.

Tell your friends and hurry before you miss it.

I am really tired and for some of you who have seen me recently, you have remarked that I look really exhausted. I really am. In the last 3 months, I have been deep in the process of planning the new hotel, launching a Thai IPO, running and expanding the education side and plotting our next strategy. This is on top of resolving all my personal issues. I really am exhausted.

I hope you do understand why I’m stopping my classes. I will take a long break to really recuperate as I am no longer as clear as I was before. Thank you again my friends, your success is the reason why I am still battling forth.

Your Friend,
Andy Ong

Property market post elections.

Hi Guys. The election fever is over and many of you have asked me if there is impact on the property markets. This election has been described as a water -shed event, which is partly true. The opposition has made inroads but for them to threaten the ruling party, they are a long way off.

Government measures will play a role in the property market but as I have always reiterated, the biggest key will still be the interest rate environment. India has tried to increase interest rates and they have invited a fresh wave of money which ironically threatens to trigger off inflation.

The governments of Asia are serious about tackling inflation. In order to do that, they have to raise interest rates to lower demand. In the world environment that we are in, Asia is in a very unique situation. The US and Europe seems to able spluttering along at best. All eyes are on Asia for returns and higher interest rates will invite more liquidity and thus, more money chasing after too few goods, and therefore inflation.

We are in a no-win situation until the Western nations recover to a certain extent. Asian governments have gone to great extent to prevent a speculative property bubble and so far the results have been mixed at best. In Singapore, the increase in prices have been reined in as some of the most stringent policies in the world have been implemented in Singapore.

We are still seeing great interest especially in commercial properties. Quality commercial properties are expected to boom in the coming 2 to 3 quarters. Mark my words. So there, don’t say I did not advise you in advance.

Till my next entry, God Bless!

Your Friend,
Andy Ong

Thursday, May 5, 2011

Commercial Property Hot, Especially Hotels! Super Spot On!

Hi guys, I’m just back from a business trip and will be going away again this weekend after polling day. With all the focus on the elections, I am rather sad because I cannot vote….. again. I have never voted in my life because the opposition has never contested in my area. And guess what, I am again in the only constituency that has the privilege of a walkover. Well, better luck next time.

I was smiling to myself this week. The Straits Times carried 2 articles consecutively that made me smile. The first was on Monday when they highlighted that commercial property was super hot. The second was an article that featured research by CBRE. They anticipated that hotels rates are going to continue to be strong and even trending up in Singapore. This is because visitor arrivals are strong and even with anticipated supply going up, demand will still keep up. The sweet spot is in the boutique hotel segment.

This is all music to my ears as I have been positioning the group’s portfolio towards a commercial bias, especially in hotels. Our Prime Centre conversion has been handed to the team at Ong & Ong and I hope to get beautiful results with the new hotel concept we are bringing to the table. I am very excited and have been following up very closely with the whole process. Agents have been calling to explore interest in selling. They are quoting prices which will give us very good returns but I am keen to own a hotel. But lets see what happens.

I always put my money where my mouth is and well, my students have also done very, very well following my strategies. If you have been following my blog, I have highlighted these trends to you as well. I am looking forward to a long rest after my very last property class end of this month, from the 27 to the 29th of may. The class is nearly sold out even at this point, so if you are keen, book your spaces now.

Till then, God Bless and have a fruitful time voting.

Your Friend,
Andy Ong