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How to select a good unit in a new launch property that outperforms? (17 Sep 2019)

This write-up was reproduced with permission from Ray’s Estate Clinic, written by Founder, Raymond Chng. Please refer to the end of the article for more information on Raymond. Over the years, I have had the opportunity to market numerous properties in different developments, some within the same developments. What I noticed was, even within the same condominium, there are units that sell within 3-4 weeks, while some took more than 3 months. There are some units that are just more desirable by most buyers. There are also some owners that managed to make significant profits while some struggled to make […]

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Ernest’s market outlook (6 Jan 2017)

Dear readers, Two weeks ago, I mentioned that although Hang Seng is in a downtrend, it may rebound as oversold pressures build. Hang Seng jumped 928 points in the past two weeks. What lies ahead?   S&P500 Index Just to recap what I have mentioned on 23 Dec 2016 (see HERE), I wrote “S&P500 is consolidating its gains for the past two weeks. It continues to be on a clear uptrend amid rising exponential moving averages (“EMAs”). ADX continues to rise from 36 on 9 Dec 2016 to 39 on 23 Dec 2016 on the backdrop of positive placed directional […]

STI chart as of 5 Sep 16

Ernest’s STI market outlook (5 Sep 16)

Dear all, I am not able to do the biweekly “Ernest’s market outlook” as I am in the midst of transiting to another chart platform. While I am still exploring Chartnexus, here is my interpretation of our STI chart.   STI Based on Chart 1 below, STI faces a cluster of resistances at 2,865 – 2,870, followed by 2,882. ADX remains weak at 17 on 5 Sep 2016, indicative of a lack of trend. Indicators such as OBV, MFI continue to slide with price. RSI closed at 50.5 today. A sustained break below 2,800 is bearish for the chart. Near […]