tag:blogger.com,1999:blog-7944902213075756335.post9175439693707716293..comments2024-03-28T23:00:40.055+08:00Comments on A Singaporean Stocks Investor (ASSI): Making your first million dollars in real estate investment: Dreams and nightmares.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger30125tag:blogger.com,1999:blog-7944902213075756335.post-37010136009244738562011-09-27T10:02:22.540+08:002011-09-27T10:02:22.540+08:00Hi Rock,
All valid points but I am also worried a...Hi Rock,<br /><br />All valid points but I am also worried about lifts breaking down. There are days when one lift would be out of service, for example. ;)<br /><br />Thanks for sharing. Appreciate it. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-72395774243896831242011-09-27T09:03:31.141+08:002011-09-27T09:03:31.141+08:00Hi AK,
I will like to share with you on the lift t...Hi AK,<br />I will like to share with you on the lift that you had concerned.<br />Sometimes, it not just by doing calculation on the units/lift. You should also include time into the formula. :)<br />Condo lift is moving faster than the old point block HDB. The condo lift came with 2 doors and I saw some HDB lift only has 1 door. The one with 2 doors sure will take shorter time to close/open. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-34350189835224829772011-09-26T21:32:41.234+08:002011-09-26T21:32:41.234+08:00Hi Motley,
Yup, get a good piece of real estate ...Hi Motley, <br /><br />Yup, get a good piece of real estate at the right price and we are all set. If the property is in a good location and if the economy isn't in the doldrums, cashflow shouldn't be an issue.<br /><br />Of course, if Lady Luck were to frown upon us, we could have a nightmare no matter what.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52584568222206038182011-09-26T21:30:12.507+08:002011-09-26T21:30:12.507+08:00Hi financialray,
Yes, I agree. We have developers...Hi financialray,<br /><br />Yes, I agree. We have developers and we have main contractors. I believe this case could have negative ramifications for both.<br /><br />I think it was mismanagement on the part of Wheelock to have let this gotten out of hand. $14m is probably a drop in the ocean for the company. <br /><br />If I were running the company, I would get all the problems fixed instead of AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-25162267498490983882011-09-26T21:27:01.265+08:002011-09-26T21:27:01.265+08:00Hi Ah John,
I think, like you, quite a few people...Hi Ah John,<br /><br />I think, like you, quite a few people are waiting for that next opportunity. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-25751725721947614122011-09-26T21:24:11.058+08:002011-09-26T21:24:11.058+08:00motley: i do think it is the best way ... real est...motley: i do think it is the best way ... real estate. strike at the right time you get leverage and cashflow. In that way it is easier than looking for a multi-bagger. Cashflow is key though ... or you lose everything.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-18514242008751867382011-09-26T20:07:20.787+08:002011-09-26T20:07:20.787+08:00Actually, we should also take note of the main con...Actually, we should also take note of the main contractor Tiong Aik and RSP architects.<br /><br />Since Wheelock so well known, perhaps it is good to take note of who they sub-contract to.<br /><br />Is Tiong AIk in charge of another up and coming project called Coralis somewhere nearby??financialraynoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-7477265846313318772011-09-26T17:30:11.527+08:002011-09-26T17:30:11.527+08:00Hi Calvin,
You could do all that, couldn't yo...Hi Calvin,<br /><br />You could do all that, couldn't you? Well, you know what they say: once you are married, your life is not yours alone. <br /><br />Live it up as I am sure there will be upside as much as there is downside! ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-54087927816092211722011-09-26T17:29:13.888+08:002011-09-26T17:29:13.888+08:00The timing maybe, when govt allows 10% down paymen...The timing maybe, when govt allows 10% down payment for 2nd loan again.AhJohnhttps://www.blogger.com/profile/07927395374670213105noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-24369204692545726672011-09-26T17:27:25.086+08:002011-09-26T17:27:25.086+08:00Hi Phyllis,
I still have a small long position in...Hi Phyllis,<br /><br />I still have a small long position in MIIF. These were at 30+c a unit. I cannot remember the price exactly as it was years ago. Most of my investment in MIIF was sold quite a while back.<br /><br />I have not been actively monitoring MIIF. So, I cannot say with any confidence if it is a good investment now but I know they have lowered their gearing significantly and are AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-56762369966975012332011-09-26T17:24:26.924+08:002011-09-26T17:24:26.924+08:00Basically, property in sg is good, especially you ...Basically, property in sg is good, especially you can pay installment by rental. I am waiting for next crisis ...AhJohnhttps://www.blogger.com/profile/07927395374670213105noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-66877589251230727412011-09-26T17:08:03.853+08:002011-09-26T17:08:03.853+08:00Hi AK,
That's what I guessed. I am getting ma...Hi AK,<br /><br />That's what I guessed. I am getting married soon and my to be wife will not want to stay together with my parents. <br /><br />Otherwise, I could rent out my house and get more rental income! Or I could sell it to realize the capital gains and reinvest.<br /><br />Calvin<br />http://www.investinpassiveincome.comCalvinhttp://www.investinpassiveincome.comnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-53096024038603640542011-09-26T16:35:07.816+08:002011-09-26T16:35:07.816+08:00Hi AK,
I am considering buying Marquarie Infrastr...Hi AK,<br /><br />I am considering buying Marquarie Infrastructure fund (MIIF) at $0.48. I have previously bought some at $0.57 previously. The yield now is quite high. What do you think?<br /><br />Thank you<br /><br />Regards<br />PhyllisAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-37337015991901448602011-09-26T13:17:13.577+08:002011-09-26T13:17:13.577+08:00Hi SMOL,
Even amongst landed, there are so many s...Hi SMOL,<br /><br />Even amongst landed, there are so many sub-classes. I can't be bothered really. I go for what I like. I am one of the least classy people I know. Some even say I am low class. ;p<br /><br />I am on good terms with my siblings too but since I am the only son, I guess it is only natural for me to take 100% responsibility for my parents' well being if I could afford to, AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-69342436294687268952011-09-26T12:41:12.487+08:002011-09-26T12:41:12.487+08:00Hi AK,
Opps! I got eyes never see or-yi-or again....Hi AK,<br /><br />Opps! I got eyes never see or-yi-or again. Apologies, you already landed class.<br /><br />I am lucky in the sense that my relatonship with my siblings is tight. So the load is not so shared. <br /><br />Best wishes and good health to you and your parents.Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-61483461727340943352011-09-26T12:34:34.693+08:002011-09-26T12:34:34.693+08:00Hi SnOOpy168,
Yup. Lifts. Very important for high...Hi SnOOpy168,<br /><br />Yup. Lifts. Very important for high rise dwellers. ;)<br /><br />Go to the left sidebar and look for "RESOURCES". You want Propwise.sg. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-44075682512167724472011-09-26T12:18:49.851+08:002011-09-26T12:18:49.851+08:00Wow. Never thought of this "lift" issue ...Wow. Never thought of this "lift" issue as I had been a HDB dweller on a "take it as it is" basis.<br /><br />BTW, is there blogs, similar to ASSI, for the property market or owners-to-be ?SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67015165293153529152011-09-26T10:29:24.804+08:002011-09-26T10:29:24.804+08:00Hi SMOL,
Hearing property values doubling in the ...Hi SMOL,<br /><br />Hearing property values doubling in the last 8 years is quite common but a tripling is rare! Congratulations!<br /><br />If you are not thinking of selling that piece of property in your lifetime, it certainly does not matter if it was 99 years leasehold or freehold. <br /><br />Even buying a property with only 60 years left to its lease is plenty for people in their 40s if itAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-89607542710653712672011-09-26T04:24:05.579+08:002011-09-26T04:24:05.579+08:00Hey AK!
We bought around the same time in 2003!
...Hey AK!<br /><br />We bought around the same time in 2003! <br /><br />Although mine is in a different league altogether - a 3 room HDB resale. It's value has almost tripled!? Crazy right? <br /><br />Nothing beats owning a place of my own - however small or humble. <br /><br />It an inflation hedge and "flexible" retirement tool to me. When I old and need income, I can rent out a Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8854399304270711762011-09-25T22:47:52.228+08:002011-09-25T22:47:52.228+08:00Hi Marco,
It seems that many people are intereste...Hi Marco,<br /><br />It seems that many people are interested in buying more units in Suntec REIT going by the comments and emails I get.<br /><br />Personally, I still have some units bought some time ago at $1 a piece. At that price, we are looking at a distribution yield of about 10%. That is when I might be interested again. <br /><br />Fundamentally, its high exposure to office space could AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-51812445253666009182011-09-25T22:33:35.594+08:002011-09-25T22:33:35.594+08:00SUNTEC Reit has slipped to SGD1.17. I am consideri...SUNTEC Reit has slipped to SGD1.17. I am considering to go in at SGD1.15.<br /><br />Mind to share your view?Marcohttps://www.blogger.com/profile/16887797151013544047noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-5527884043955899432011-09-25T22:22:30.969+08:002011-09-25T22:22:30.969+08:00Hi financialray,
If I were in your shoes, I would...Hi financialray,<br /><br />If I were in your shoes, I would probably do the same. :)<br /><br />We can only hope that our country continues to prosper and property values continue to appreciate under the right leadership, of course. Most Singaporeans as asset rich and cash poor with their flats as the primary store of wealth.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86711348796581088582011-09-25T20:04:45.558+08:002011-09-25T20:04:45.558+08:00I believe for most people, property investments pr...I believe for most people, property investments probably make more money than stock investments, presuming both investments are for the long term, that is at least 5 years and above.<br /><br />When my sons are eligible, I will make sure they apply for their own HDB when they grow up. My own home is for me and my wife. Not to be judgemental, but it is better to keep our property in our names financialraynoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14226964139631766302011-09-25T16:23:45.898+08:002011-09-25T16:23:45.898+08:00Hi Temperament,
I think living in a smaller apar...Hi Temperament, <br /><br />I think living in a smaller apartment is a great idea for elders as long as there is no need for more space.<br /><br />Are you planning on selling your 5 room flat to your son and using the money to get a smaller apartment?<br /><br />As for whether I have any direct experience as a landlord, I have to say "no" although I do co-own another condominium with AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-22680153431582265212011-09-25T16:12:13.527+08:002011-09-25T16:12:13.527+08:00Hi Calvin,
I realise after having fun with my las...Hi Calvin,<br /><br />I realise after having fun with my last comment, I forgot to answer your first question. ;)<br /><br />No, I do not intend to buy another condo for self stay at the moment. I was just visiting showflats to get a feel of things.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com