Property Investors’ Guide 2018: Owning Your Second Property In Singapore

Build Your Wealth Systematically With Property Asset Progression and Strategic Financial Planning?

Compound Interest is one of the most intense powers on the planet. He who understands it, earns it … he who doesn’t … pay it”         Albert Einstein

Have you ever considered about own your first private condo as early as possible? Have you at any point wanted to upgrade to EC or private condo, or have you ever envisioned how to own 2 private condominiums beginning from my current HDB home?

We are currently here to discuss from the rich to richer. Simply envision, if you purchased 2 private condos before 2006 and sell them in 2013, how much more wealth would you create?

A property, either as HDB home or private condo, is maybe the most profitable resource for Singapore residents. We have seen such a significant number of individuals have profited from the property boom amid the previous decades.

When we take a gander at the HDB resale price chart, envision you bought a 5 room flat in 2007, how much more money you would make if you sell it in 2013?

Source: HDB

Simply envision, if you obtained 1 private home in 2006 and sell them in 2013, how much more cash would you make? Imagine a scenario in which you bought 2 and more condos in 2006, could you not be laughing all the way to the bank?


Source: URA

It was not hard to make $500,000 additionally amid the years from 2007 to 2013 if you had done legitimately. The property market was on the uptrend. Is that simple to collect $500,000 in your bank account by savings, bonus, part-time income? Not easy at all, it’s not just rely upon how you can do well in your occupation yet additionally the solid self-control for quite a long time.  We have encountered that one’s pay attempt to get up to speed with expenditure.

Putting resources into property can bring enormous returns in the event that you apply the correct methodology to your points of interest. Property Asset Progression is one of the kind. It’s simply pursuing the market incline with the correct property portfolio.

How about we take a look at what can Property Asset Progression do with your wealth creation. Property Asset Progression is a very ground-breaking yet practical strategy to help property owners to rebuild their property portfolio timely with strategic financial planning.

By doing so, you as property owners will keep owning more valuable property assets. Property market as a fundamental economic activity is a cycle. History will repeat. When the market move uptrend once more, you will re-organize your property portfolio as well. Along the course, you will accumulate your total value of the property. You are on the road to financial freedom and wealth abundance.

When you achieve 60-year old, you can retire very comfortably by just cash out some part of your solid property portfolio. Obviously, you can pass the rest to your loved ones for generations by proper legacy planning.

Additionally, the Government has forced a series of cooling measures which promote finance prudence among home purchasers. As an insightful homeowner, you ought to find out about Total Debt Servicing Ratio (TDSR) framework, Additional Buyers’ Stamp Duty, Loan-To-Value Ratio, Seller Stamp Duty and so on.

With those financial restrictions in the place, imminent buyers are requested to put a considerably higher amount of cash in the front for property purchase. The amount of home loan that you are granted by the bank is likely much less than that in the old days too.

Property Asset Progression with strategic financial planning is even more critical. It’s our duty to make the good use of the limited financial resource for the majority.

How about we Explore Further How Growing Your Assets Systematically Can Be Achieved.

1) Without Selling Your Current Property.

2) And Without Spending Extra Cash To Qualify For Maximum Loan

Mr. and Mrs. Lim both with a consolidated income of $10 000 age 45 would like to sell their 3 room condominium in order to cash out their profits and purchase a 2 room condominium. After our talk on different alternatives, they never knew they could accomplish more than that.

How About We have a Look At This Case Study of Mr & Mrs Lim

Today they maintained their own 3 room condo and bought a 2 room condo with a balance of $200, 000 cash. In the event that they have continued to sell their 3 rooms condo, they could have missed their good opportunity on rental income.

The fact of the matter is owning the 2nd property is NO LONGER just for the CASH RICH.

Maybe you have been you have been in the similar situation like my clients Mr. and Mrs.Lim. Thinking that still paying for the current home loan, and the little savings and have to pay additional stamp duty, that it is not possible to grow your property portfolio.

Mr. and Mrs.Lim were shocks that they did not need to sell at all for their house profits. They not only have saved 7% ABSD on their 2nd purchase of property but able to borrow 80% loan again. In the event that you might want to invest in another property, you can do so without selling your present unit.

By walking through an Asset Progression plan with me, you will learn various options to leverage on.

Step 1. Review your present financial situation, this is the beginning stage, we will quantitatively analyze usable money related assets. Here are a few inquiries we require to find the true facts. What amount of cash savings and CPF OA you can put for property investment? How is the your monthly or annual income during the past 2 years? How are the profits of your investment (stock, fund, forex, bond, etc.)? How healthy is the liability if you have any? how much home loan could you be granted from the bank?

Step 2. Review your present property portfolio and assess its performance: how is the market valuation, what about the rental income if have, how is the balance loan if have, how is the profitability and future potential? any risk in the current property asset? etc..

Step 3. Monitor the opportunity in the market: is there any good buy property (i.e. entry price, potential upside, low risk) to recommend matching one’s financial position.

Step 4. restructure your property portfolio: after analyzing your current financial situation and property portfolio, with recommended good buy property in mind, we will work out a strategic financial plan with a proper timeline to optimize your property asset. It’s a great opportunity to dispose of the bad or less performing property and own more valuable property with well-risk management.

As a matter of fact, we are committed to giving professional consultation service as a certified financial planner does on your financial investment portfolio. We need to keep pace with times to reorganize your property portfolio for the greatest returns as much as possible. Follow the right trend, the time will give you abundant rewards one way or another.

Schedule A Free Consultation To Get Your Customised Asset Progression Plan

Here’s what you’ll learn when you schedule your free session:

  • Do you know what costly mistakes HDB buyers and sellers made in their property transactions?
  • How do I plan for a smooth transition of the sale of my property and next purchase?
  • How much cash proceeds will you have and how to maximise your funds and/or diversifying your property portfolio?
  • Free customised report for your complimentary home report today to find out how much is your property worth!
  • With the current abundance of new launches, can you spot the value buys from the not-so-ideal buys? We will be able to provide a free complimentary comprehensive report and comparison on new launches.

Let our Property Wealth Advisors help you craft out a systematic and low-risk path to own multiple properties whether you are intending to upgrade from a HDB to a private property or thinking of your second property.