For Million-Dollar Deals,
We Don’t Just Assume.
You Can Make Losses in Real Estate By Buying “Good” Properties
Most buyers buy properties based on their general assumptions about the market. For example, freehold condos near MRT stations are supposedly the best! But how many buyers have actually tested this assumption and studied the price trends of such properties? Have you checked how much faster have prices of freehold condos increased compared to leasehold condos? Can you afford to make a wrong multi-million purchase based on unverified assumptions? What if you can use factual data to help you with your real estate decisions at no additional cost?
Hi, I am William Chen, an Associate Marketing Director with PropNex. Prior to joining Real Estate, I was a senior banker for over 10 years in a few international banks, covering regional corporate customers in Asiapacific. My previous role required extensive analysis and coordination across countries amongst internal and external stakeholders to meet my client’s requirements.
How is that relevant to you?
Today’s real estate market is governed by many more regulations and cooling measures than it used to be. If you are not careful, you may end up paying more than you should. The biggest challenge is that you may not be able to avoid certain problems if you did not know it is a problem to begin with. What do I mean? Let us use some case studies for illustration.
Case Study 1
Under the wrong advice of another agent, one of my clients placed a booking for a condo under his company’s name. His previous agent wrongly informed him that the ABSD payable was 15%. When I learnt about it, I alerted him that the ABSD was recently revised to 25% for companies, and told him not to exercise the option unless he was prepared to and able to fork out the additional 10%. He narrowly avoid huge losses, which he would have only discovered later if he had gone ahead to exercise the option.
Case Study 2
With the right planning, I’ve helped one of our clients sell her 4R HDB with $19k COV and upgrade to another property whose prices rose much faster than her previous flat, whose value dropped over time. The transaction was planned not just meet to meet their immediate housing needs, but was also meant to take care of their retirement plans in 30-years’ time. Read their full story here.
Case Study 3
Husband is a Singapore Citizen. Wife is a PR. With the right planning and execution, we worked together to purchase 2 separate properties without incurring any ABSD obligations.
Here are what some of my clients felt about working together with me:
A property transaction is probably the biggest transaction in your life, ever! If you plan to buy or sell any properties over the next 5 years, protect yourself and get up to date on the real estate market. Making decisions based on assumptions or emotions are common reasons why investors lose money in any asset, including shares and real estate. Let’s avoid that together.
Learn Something New
Would it be ok to learn something new and let your money work for you? If yes, let’s have a chat!