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Ken Tan

Just a Real Estate Agent and part time Keyboard Warrior

Ken Tan

3Upvotes

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Just a Real Estate Agent and part time Keyboard Warrior

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Ken Tan

3Upvotes
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Condominium

Property

Ken Tan
Ken Tan

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Level 2. Rookie
Answered on 04 Jun 2018
1 consideration that my expats clients have would be the future of their property after they leave Singapore. If you do not want to manage a property oversea then you can explore renting instead. A good time frame for property appreciation is about 10 yrs? Question would be.. will you still be holding on to your Singapore property after 10 years?

Savings

Investments

Condominium

Property

Ken Tan
Ken Tan

()

Level 2. Rookie
Answered on 04 Jun 2018
It depends on your own risk appetite. For investment, you can consider the growth areas earmarked by URA. District 1 is something to consider if the pricing is right. My favourite areas are - Southern Waterfront - Paya Lebar Regional Centre

Loans

Property

Ken Tan
Ken Tan

()

Level 2. Rookie
Answered on 04 Jun 2018
when you refinance home loan, you are basically changing banks to get the same loan at a lower rate. for home equity loan, you are using your home as a collateral to get more funds out. Similar to a credit line. Would probably need more details before giving advice. Example. Some of my clients who have fully paid landed property, took home equity loan to leverage out at a very low interest rate and used that money for other investment. In this way, they can use the current low investment environment to generate more passive income and perhaps even invest in another property if their finances allows.

Condominium

Salary

Resale HDB

Property

Ken Tan
Ken Tan

()

Level 2. Rookie
Answered on 24 Apr 2018
For any form of Property Investment, we would recommend holding a longer term. As property investment is usually considered as a hedge against inflation. At the current market, property prices are on an uptrend and I agree that there is a very high chance that property prices will appreciate quite a fair bit 5 years from now. However, we cannot guarantee that it will not drop 5 years from now. Hence, longer holding periods will allow you to have more flexibility to ride out the volatility in property prices if any. And for you to gain real appreciation, you will have to factor in the stamp duties, monthly maintenance as well as commission fees for the sale of the property. On the other hand, if property prices do increase in your favor, you will be able to retain your money as well as make a handsome profit should the market situation allows. For your case, I will recommend that you draft out your finances for both situations and make he comparison. For example, what would your rental outlay be like for a period of 5 years vs the outlay for holding/owning a property for the next 5 years. Factor in the costs and estimate what the selling price of the property should be like in 5 years and how much should you sell your property for in order for the investment to make sense. With the numbers in hand, you can decide if you should rent or own a property base on what you value in life. Hope this helps.
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