Back in August 2016, I met up with this couple who had fully paid their HDB flat in less than 10 years. They bought their first flat at $400k back in 2008 and now in 2016, it has been fully paid off. We met up to discuss the process of how they can move forward to buy their next property with his current savings on Read More
Blog
Should You Pay Off You HDB Loan Fully with Your CPF Monies?
This is one of the most frequently questions I get throughout my 10 year real estate career. The truth is, I have been looking for the best answer from people who are more smarter than me. But the truth is - even a top banker I know cannot give me a satisfying answer for this question. Scenario: We make a decision Read More
The Troubling Implications of Owning a 40-Year old HDB Flat
A HDB property only has a lease of a maximum of 99 years. Now the question of what happens after that has never been really answered. (Actually, it has been answered by the Minister of National Development) A leasehold implies that after 99 years, HDB can take back the flat at no cost. Some might interject and say Read More
4 Reasons Why You Should Upgrade Your HDB Flat to a Private Property
1. A HDB Flat Locks Up All Your Funds Even if your HDB flat makes you a $10 million profit - there is no way that you can take out these funds unless you sell the flat. There is really no point in feeling satisfied that your HDB flat can make you any profit especially when you are unable to use the money until the moment Read More
What is the Correct Entry Price?
The correct entry price is of paramount importance. Many people are asking me what they should buy today. When I get that question, I will always share with them about the correct entry price. Some of them will ask me: but do you think people will rent that place? My response to them will always be: if you Read More
5 Reasons Why You Should Buy A Private Property Today
1. Additional Buyer Stamp Duty (ABSD) If you don't have to pay ABSD, you are already paying considerably lesser then the rest who need to pay. So logically when you spend lesser, you make more money and likewise, those who do not have to sell at a higher price in order to cover the ABSD that they would have paid. Take Read More
Why People Choose Not to Move
The Background Question Recently, I met an owner of a Housing Development Board (HDB) flat in the Ang Mo Kio estate that is worth $500k. They chose not to take any actions even though they knew that I had given them a very good investment plan. I gave them a plan that could easily have given them a six figure amount Read More
Sims Urban Oasis
Finding a Good Deal How do you find a good deal? Many people in the market are asking me this very same question. I always tell them that there are many opportunities in the market. The most important thing now should be how we should buy properties at the most cost-efficient way. For example, recently I came Read More
Is Property Over-Supplied?
What Is the Issue? Is property over-supply real? Many have been talking about this controversy. Is it real? Let us look at the figures. For the next three years, the number of properties that are going to be ready is honestly a massive amount. What about after that? Do you see that in the year 2019, Read More
A Simple Check Might Make The Difference Between Profits
A recent discussion I had with someone ended up being a good reminder why it is so important to perform one very important check before you decide on a property to purchase. The consultation was regarding comparing between two properties: The Warren located at Choa Chu Kang and The LakeShore located at Jurong Read More