Today, 1 February 2011, marks the beginning of a new chapter for me in property investment. By handing over to the buyer the last property in my porfolio, I can officially put a footstop to phase one of my property investment. In fact, I have been offloading my properties (apart from my own residence) one by one over the past one year. I am selling them not because I am … [Read more...]
The story of buying my first property (part III)
But there’s no point in thinking 'if only'. We are not victims of fate. What I learn from my experience is that: Success is not defined by how much you know but how quickly you can find what you need to know. If you want your property investment to be successful, there’s definitely more you need to know. 3) Don’t go for the lowest interest rate If you remember the bad … [Read more...]
The story of buying my first property (part II)
I’m listing the lessons I learned from my 1st purchase. Hopefully you won’t make the same mistakes in your property investment. 1) Don’t just listen to the agent The property agent told me that this was the last batch of high floor 1-bedroom units with sea view. After I bought my unit, there were more high-floor units released for sale. Towards the end, UOB obviously just … [Read more...]
The story of buying my first property (part I)
It really takes me very long to decide to share with you my 1st property purchase. Don’t get me wrong. I have no problem telling everything about all my other properties. But the first one … it just reminds me of all those silly mistakes that I made due to ignorance and inexperience the first time. The feeling is like, you know, an out-of-place ex-boyfriend whom you are … [Read more...]
How I save for my 1st property
After relocating to Singapore, I began taking steps to realize my property dream. Allow me to share with you how I did it some years back. I imagined me as a company and assigned myself as the Financial Controller. My job was to minimize unnecessary spending and maximize profitability. A regular income statement would be prepared to show total revenues and expenses. The … [Read more...]