“You are a property agent! Of course you will say paying the Additional Buyer Stamp Duty (ABSD) is not a bad idea!” The above must be the thoughts running through your head. Yes, I am a property agent. But for the second part – let me illustrate to you why paying ABSD is not such a bad idea. Now, ABSD is very important and relevant only when you plan to buy a 2nd, 3rd, 4th property in Singapore. It is not applicable if you are
Buying an investment property and then renting it out – this is a popular and common investment vehicle that some Singaporeans use to enjoy passive income. It sounds easy on paper – getting a lease signed and a tenant that is willing to pay their monthly rental with no fuss. But in my 13 years of experience, managing and closing approximately 300 residential tenancies – this form of investment is NOT as easy as it seems. This is especially so when there is a dispute
I was reading this article by RICE media “East-Siders Always Think Their Side of the Island Is Better. But Why?”. It is a light-hearted look at how some people who have stayed in the east all their life would always prefer staying there. I have friends who stayed in the east side of Singapore all their life – and I noticed it is a point of pride for them. It is a very interesting observation. As a property agent who has traversed all over this
When I was shadowing my ex-boss as she made decisions on property investments, I slowly picked up some knowledge in uncovering the factors why a certain property was selected and why some do not. One of those key factors was basically being able to ascertain who will be the potential tenants in the future. If it was a commercial property, a tenant mix was key – we won’t have bakeries side by side or similar verticals within the same area. For residential properties, it would
“Increasingly, those who can afford it will also turn to private homes as a better store of value.” – TODAY, 19 Sept 2018 According to this Credit Suisse report – private property can be seen as a better store of value for you as compared to a HDB flat. But what does “better store of value” exactly means? To explore this issue deeper, let’s look back into the past. Not too long ago, the older HDB resale flats were considered a better choice compared to
For the past 1 year, the debate on the ageing leases of HDB flats has been raging on. During the National Day Rally, some clarity has come into the debate as PM Lee confirmed that HDB flats will depreciate to zero at the end of the 99-year lease. Doesn’t this apply to 99-year private properties as well? Yes. For all 99-year leasehold properties, their value will eventually depreciate to zero. But remember, there is the option of doing an en-bloc sale to a developer –
I do realize the title of this post might attract some naysayers and unhappiness. It is not “correct to say” that we should monetize our flat or public housing. Instead, our HDB flats should be the basis of a home where we grow our family and it should never be monetized. It should be viewed as an expense and rightly so – because we live in it. Right? But we should not discount the fact that HDB owners have made good returns and profited from
My ex-boss has a net worth that is above the S$100 million range. You could definitely define that as a “crazy rich Asian.” By the way, did you watch the movie? The reaction from my former boss about “Crazy Rich Asians”? She hated that movie. She said that majority of rich people don’t behave that way. How Do The Super Rich Behave Then? When I first starting working with her, she was only driving a Mazda 3 despite owning assets worth more than $100 million.