Being a property agent for the past 13 years, I have seen all the weird and interesting behaviour from investors during the various periods when significant rulings were put in place. I remembered seeing a high net worth investor buying 10 units simultaneously and selling the Option To Purchase (OTPs) just a few hours later with significant markup. And people actually flocked to him to buy! It was the Wild West and cowboy town for a while before the government stepped in to regulate all Read More
5 Reasons Why Older Residential Properties Remain Popular
I previously wrote about Looking for Capital Gains? A Comparison of New Launch vs Resale Condos on the difference between a new launch property and a older properties in terms of capital gains. It actually received a lot of attention. Some of the feedback from my readers was that they still preferred an older property as compared to a new launch property. You may wonder why some people still prefer to invest in older properties? New properties have a more modern and creative appearance Read More
The CPF Accrued Interest of a 50-Year Old Multiple Property Investor
Earlier this year, I had the opportunity to meet up with this gentleman who is in his early 50s. During the meeting, I found out he owns 3 properties! Within his portfolio, he has: 1 bedder private condo unit located at Geylang (he recently sold it) 1 bedder private condo unit located at Sims Drive (currently still holding) 5-room HDB flat located at Serangoon that was fully paid off Not bad right? Financially, I thought he was doing well. Most of us don’t even own Read More
Parc Clematis – Is It A Worthy Investment?
Disclaimer: This article is merely providing an opinion and not an advice to buy. Please do your own thorough research before you make a decision. Parc Clematis has been launched this year after Parc West went through the en-bloc process in early 2018. (This was before the July 2018 cooling measures) In this case, the developer had paid $850 psf per plot ratio. The starting prices at Parc Clematis is currently at average of $16XX PSF. My interest in Parc Clematis is from my experience Read More
Why Paying ABSD Maybe A Wise Decision
“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 Read More
How Your Personal Bias Might Cost You Financially
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 Read More
Your Condo Property Investment – The Importance of Identifying the Correct Tenant Mix
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 Read More
Is Your Property A “Better Store” of Value?
“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 Read More