Dear HDB owners,

Do you know why HDB is not an asset? An asset will generate an income while you sleep and puts money into your pockets every month while liability takes money from you every month. Your cash and CPF will remain as Dormant Capital because it cannot create any passive income. The secret is to unlock your Dormant Capital and convert them into Active Capital (Income Generating). Active Capital helps HDB owners accumulate wealth and save for retirement quickly with greater certainty.

With the strategy of Property Wealth Planning, you can upgrade to condo without touching your savings. It is possible but not many people know this technique as they are only shared in seminars that cost a few thousand dollars per person. I can share with you the options you have & customized investment roadmap to help you get started. I have helped many of my property owners create passive income streams and attain FINANCIAL FREEDOM earlier in their lives!

With just a household income of $10K, many HDB owners have UPGRADED to 2-3 properties without touching their savings.

Dear Home Owners,

Generally, there are two methods that many homeowners are doing now. The ownership in the property may be transferred by way of gift or through a part share sale of the property.

1. Transfer by way of gift to spouse or children.

Transferring the property by way of gift refers to when a co-owner transfers his share in the property for $0. Generally, such a transfer will only be valid when the property is fully paid and CPF and accrued interest refund back to the co-owner CPF account.

2. Transfer by way of sale

Buying over the property by way of the sale refers to selling co-owner’s part share to the other co-owner. Generally, the property need not be fully paid, you just need to do a valuation of your property, buy over co-owner share, and pay the ABSD.

In this way, you can own 2-3 properties without selling.

Dear investors,

New Launches
The condos are generally under building under construction and priced are estimated at about 20% higher in terms of PSF compared to surrounding resale development. It follows the progressive payment scheme stipulated by URA. Once a particular segment has finished the construction, the developer will call for the progressive incremental payment until the Temporary Occupation Period (TOP) which will be ready in 3 years. Everything in the condominium is brand new and comes with pre-renovated flooring, kitchen cabinets, bathroom accessories, appliances, air conditioning, and in some cases also come with a free fridge, washer, and smart home features.

Resale
The resale transactions required about 10 weeks to complete and installment payment will start upon key collection. Resale condominium prices normally are 10-20% lower than surrounding new launches and the size is bigger with a lower PSF. You need to be tactful when purchasing because what are you see is what you get and be prepare that minor repair here and there is inevitable. Painting the whole unit, replacement of air-con system, fridge, washer, and electrical appliances may be necessary before you can move in or rent it out.

Which one can appreciate more?

For the new launch, normally it will get a “10-20% paper gain” when the project obtains a Temporary Occupation Permit (TOP) status. Everything is brand new, you just need to proceed with defect check and provide some furniture and start marketing the unit. are on the way to collect the rental.

For resale, you need to prepare for the unforeseen circumstances - your maintenance cost of the unit as it gets older. Another challenge that you may need to consider whether there will new condominium around your area in next few years. Tenants would prefer newer development because everything is new and it could directly affect your rental income. Furthermore, after 5-10 years, your unit will be older and the resale price may be stagnant or lower than you have bought previously.

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