Call Joe Ng K C Now @ +6590265006 for more details.

 

(How to create a saving plan in real estate by using Other People Money to pay for your retirement❗️)


Statistics show that across different regions in Sg average transacted price base on a 2 bedroom New Condo increased by  42% to 86% from 2008 to 2018)

 

Please refer to the chart below. (By EdgeProp)


Dear Readers,  

 

1️⃣Lack of understanding.


Buying or selling a property is a big thing for many of us because everyone is fearful of losing our hard-earned money especially when we are making the first move. For those who purchased your first property in the past 5 to 10 years ago,

 

I am very sure you will have a lot of fear you enter back then when you are penning down your signature.


Why do many of us have so much fear? Mainly is because of the lack of knowledge in us.

 

One of the emotions is fear which stopped many people from moving forward in getting their private property.

 

 

 


2️⃣   Stress tests  using our  Risk Assessment Management System

 

Many people who haven't bought property say it's stressful with a high mortgage. When the market is unstable, some say " don't buy, it will drop ." But their judgement is based on what knowledge? 

 

Don't fall for emotional traps, as working hard for money won't make you rich. Banks earn big money by lending your deposits at a higher interest. Instead of being leveraged by the bank, use your hard-earned money to work hard for you. ( working hard for money is an old way who born in the day of a caveman )

 

Don't speculate and take high risks that result in stress and unhappiness. 


By doing stress tests  using our Risk Assessment Management System  can help our clients to make better decision when comes to your numbers and to ensure Risk are reduce to the minimum before deciding whether is safe to buy that property.

 

Below article 85% of people make money with property, but some still lose. Why?

 




3️⃣ TDSR Plus  prudent decision.

 

Note: Example beofe 2012 September Cooling Measure.


Well I can tell you the main reason is  lack of financial planning   Knowledge  which is what I am trying to say above.

 

Therefore, it is always important to do proper financial planning via our RAM system. 

 

 

A case study:  If you're considering purchasing a property, check your loan eligibility first. Based on a family income of $8k, they can borrow up to 75% of the $1,171,872 property price, which is $878,904. At a 2.5% interest rate for 25 years, the monthly payment would be $3943.

 

 

But should you max out your loan? What are the factors to consider?



1️⃣After paying for housing, the family would have a balance of $4057.

 

2️⃣However , there are additional expenses to take into account, such as insurance ($500), parents allowance ($500), kids' tuition ($500), monthly bills ($300), monthly expenses ($500), groceries ($500), etc. After all these expenses, the final balance would only be $1200.

 

 

 

It's important to consider whether $1200 balance is comfortable for your family.

 

Simply relying on the TDSR framework (55%) may not be enough. It's crucial to factor in your monthly expenses ( TDSR Plus ) to make a more informed and prudent decision.

 

 

 

 

 

4️⃣ Reserve Fund

 

I suggest checking your cash savings or CPF balance after purchasing a property and calculating if you have enough funds or spare fund to cover your mortgage if you stop working temporarily for at least 3 to 5 years to create a predictable plan.

 

Use our RAM system  allows you to adjust the purchase price and determine your remaining funds based on your comfort level.

 

Many people lose money due to poor financial planning, but this can be avoided by logically evaluating the numbers before making a property purchase. Don't let emotions cloud your judgement, make a well-informed decision.

 

Below is what I am referring to, reserve funds 


Our RAM system  will even show you the best and worst scenario based on after your purchase, how long can it last you with your  reserved fund when you stop working and has the holding power to hold your property and choose only to sell and cash out profit during Upmarket. 


With all this planning, your  fear  can be greatly   reduced  and   predictable. 

So remember to plan for a reserved fund for at least 3 to 5 years. 

 

 

 

 


5️⃣In fact, to me property is a “ Asset saving plan ”, the  bigger property you are buying, you save even  more, why do I say that? 

 

Just take the example below, you will understand why.👇

 

 

If you look at the above example, if your property is rented out, your tenant is paying the interest for you and on top of that they are saving $2,642 (including  your  own monthly top up $192) into your principal every month, if you look at one year, they are saving $31,704 for you and $158,520 in 5 years.

 

🧐Think about it, if you were to put the same amount of money in the bank, will you be getting this amount yearly from the bank via your fixed deposit? 

🚫Note: we have not even taking about the property value appreciated over time. 

 


To me is better than a bank saving. I called it Asset Saving Plan.

 

Even if you are staying in this property, you are just paying less than $1000 to stay in a condominium with your family.  This is the reason why many rich prefer to put money in property as a saving because they leverage on the bank and let the tenant save money for them.



Building Generation Saving

My advice to all the readers, start to become like a bank ( own property to rent out,  let  tenant to help you to built your wealth) soon and not let the bank leverage on you. Imagine you own 2 renting properties, fully paid by tenants over 25 years start from the age of 35, by the time you reach 60 years old,  the monthly Rental will Continue to pay for your retirement, I call this using  others people money for our retirement , sound good?

 

As I mentioned, all risks can be calculated when you have the right property advisors and use our RAM system. Start create a saving plan in real estate.

 

There are many misconcepts or mistakes when comes to buying and selling a property. For just for today, I will be only touching on this as I do not want to overload you with so many things to read.

 

If you need anything else or wanted a non-obligation RAM analysis, please WhatsApp me, I will be very happy to share with you.

✅ How to Create a “Saving Plan” in Real Estate by using ”Other People Money” to pay for your Retirement using “4W1H “ Proven strategies to Shine your Asset regardless Bull or Bear market”

 

✅ (Statistics show that across different regions in Sg Resale Condo prices averagely increase between 52% to 72% over the last 10 years and 42% to 86% for New Projects)

https://www.edgeprop.sg/property-news/how-much-has-condo-prices-changed-last-10-years



Question, Why more than 75% are still not using Real Estate as a saving plan. What are the common Misconceptions and Fears? 👇

Which suit you? Bank saving or Real Estate saving?

https://r009874h.propnex.net/50015/mt-Bank-VS-Real-Estate--which-Saving-better-

 

 

😊 Sharing is Caring.

Know someone who will benefit from this article, share it with them.

 

 

 

Wait to Buy Asset. I can Tme the Market!

Click here to read more👇
https://r009874h.propnex.net/35397/mt-When--WAIT-To-BUY---Joe-Ng-90265006



 

When? To Resale Sellers. Sell High and then Buy High? Still can make Profit? Click here to read more👇

 https://r009874h.propnex.net/21700/mt-When--To-Resale-Owners--Sell-High---Buy-High---Can-still-make-Profit--Joe-Ng-90265006#/

 

When? To Private Sellers/Buyers . Time the Market. Uncertainties, Sell/Hold/Buy? Click here to read more👇

 https://r009874h.propnex.net/21476/mt-When--To-Buyers---Private-Sellers--Uncertainties--Time-the-market--Hold--Enter-or-Exit--Joe-Ng-90265006#/

 

 

How to Buy? Misconception of popular saying Rules. Click here to read more👇

https://r009874h.propnex.net/22031/mt-Misconceptions-when-choosing-a-property--Joe-Ng-kc-90265006#/



 

Where to buy? FreeHold or 99 lease? click here to read more👇
 https://r009874h.propnex.net/10731/mt-WHERE-to-Buy--To-Buyers--Freehold-vs-Leasehold--Joe-Ng-90265006

 

Listen to CEO Ismail Gafoor as he shares insights on the latest cooling measures in an  exclusive radio interview with MONEY FM 89.3. Click below link to learn more...

https://r009874h.propnex.net/54813/mt-New-Cooling-measure#/

 

#joengpropertysolution

Joe Ng K C

CEA NO. : R009874H

Disclaimer:

PropNex Realty Pte Ltd or its salespersons will not be responsible for any errors or omissions or for the results obtained from the use of this information. All information is provided with no guarantee of accuracy. If in doubt, kindly seek appropriate advice from your financial advisors or bankers before you make any property investment decision.