My Journey With
Some Wonderful Folks
My Journey With
Some Wonderful Folks
First Property Purchase
CASE 1
A pair of childhood friends who are Permanent Residents here decided to purchase their first property in Singapore after renting for more than 20 years since they started work in Singapore!
Shared with them the financials and price trends and they decided it makes sense to own their own property with Additional Buyer’s Stamp Duty (ABSD) than to carry on paying rent. Eventually they decided on a new condominium with potential capital appreciation and a strong blue-chip tenant pool.
KEY TAKEAWAY :
Facts and figures are only meaningful and helpful
if you share with those in need of them.
First Property Purchase
CASE 2
Helped a single lady to purchase a HDB flat (with special approval to sell) in an estate which has not achieved the Minimum Occupation Period (MOP).
There was a substantial price gap in sellers’ asking price and the price she was prepared to pay due to the dearth of transactions that can be used as comparables. Using the limited available transactions, I managed to convince sellers to accept my buyer’s offer.
KEY TAKEAWAY :
Always make full use of available information to work closely
with all stakeholders to come to a win-win situation.
Second Property Purchase
CASE 1
A couple co-owning a private property is planning to look for their dream landed home. After going through their preferred location and transferring the ownership to the wife, the husband was ready to purchase without the Additional Buyer’s Stamp Duty (ABSD).
However, there are very limited properties for sale in their preferred location. When I spotted a suitable and under the radar property, their delight quickly turned to disappointment when it was made known to us there’s some legal issues with the property and seller.
Working closely with their lawyer and carefully manoeuvring the potential landmine, we managed to secure their dream landed home with a $300,000 reduction in seller’s asking price!
KEY TAKEAWAY :
1. Never rule out any potential suitable property for consideration.
2. Work closely with all stakeholders to come to a win-win situation
3. “Fortune favours the brave”
Second Property Purchase
CASE 2
A couple-owns a private property in which they are residing in. They are exploring an investment property for capital appreciation and passive income. However, the wife is a housewife. After going through their financials and safety net, the wife transferred the property to the husband and proceeded with the purchase with no Additional Buyer’s Stamp Duty (ABSD) and loan was secured with pledging of funds
KEY TAKEAWAY :
1. Have a good understanding of the objective as well as situation to explore all possibilities before finding the best solution.
My Journey With
Some Wonderful Folks
First Property Purchase
CASE 1
A pair of childhood friends who are Permanent Residents here decided to purchase their first property in Singapore after renting for more than 20 years since they started work in Singapore!
Shared with them the financials and price trends and they decided it makes sense to own their own property with Additional Buyer’s Stamp Duty (ABSD) than to carry on paying rent. Eventually they decided on a new condominium with potential capital appreciation and a strong blue-chip tenant pool.
KEY TAKEAWAY :
Facts and figures are only meaningful and helpful if you share with those in need of them.
First Property Purchase
CASE 2
Helped a single lady to purchase a HDB flat (with special approval to sell) in an estate which has not achieved the Minimum Occupation Period (MOP).
There was a substantial price gap in sellers’ asking price and the price she was prepared to pay due to the dearth of transactions that can be used as comparables. Using the limited available transactions, I managed to convince sellers to accept my buyer’s offer.
KEY TAKEAWAY :
Always make full use of available information to work closely with all stakeholders to come to a win-win situation.
Second Property Purchase
CASE 1
A couple co-owning a private property is planning to look for their dream landed home. After going through their preferred location and transferring the ownership to the wife, the husband was ready to purchase without the Additional Buyer’s Stamp Duty (ABSD).
However, there are very limited properties for sale in their preferred location. When I spotted a suitable and under the radar property, their delight quickly turned to disappointment when it was made known to us there’s some legal issues with the property and seller.
Working closely with their lawyer and carefully manoeuvring the potential landmine, we managed to secure their dream landed home with a $300,000 reduction in seller’s asking price!
KEY TAKEAWAY :
1. Never rule out any potential suitable property for consideration.
2. Work closely with all stakeholders to come to a win-win situation
3. “Fortune favours the brave”
Second Property Purchase
CASE 2
A couple co-owns a private property which they are residing in. They are exploring an investment property for capital appreciation and passive income. However, the wife is a housewife. After going through their financials and safety net, the wife transferred the property to the husband and proceeded with the purchase with no Additional Buyer’s Stamp Duty (ABSD) and loan was secured with pledging of funds.