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…
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…
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…
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…
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:…
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…
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…
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…
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…
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:…
