Have you stayed in your property for 5 years or more?
You might be able to gain a extra reserve funds of 100k-500k
Asset Progression Journey
If you have plans to upgrade, you might wanna know your options first
I have clients earning 7k or more, they have managed to apply to these systematic steps to grow their wealth and successfully upgraded to a 2 condos and still have reserve funds paying a installment of $500 in a average of the next 3 years.
contact me for a free sharing session
Questions you might have?
Am i able to afford? Is this applicable for everybody? Should i sell or continue to stay in my HDB? Can i buy a 2nd pte with ABSD?
Understand where you stand today.
At difference stages of our life, we can always plan for the best approach we can do to give our love ones a better life. Do you want to live in a condo to enjoy the facilities and yet collect rental for passive income?
all of these can be achieved with careful planning
I have 3 short stories to share
Mrs and Mr Tan who bought a condo without any ABSD which husband is a foreigner and
wife is a SC. They bought it at 99:1 matrimonial home. 5 years later husband
converted to SC free out his name by selling his share to his wife and bought
another PTE. But unfortunately his income is not so high so i advise him on a
pledge and unpledged approach. They also did a refinance and stretching their
loan tenure to 35.
How they have benefited: Chance to own 2 properties without ABSD
Adam aged 35 who bought a HDB terence 5 years ago at Jalan bahagia, at that point of time
he fully paid it at 900k and spent 100k on renovation. Today his property is only
worth 700k and he had paid a total of 70k interest to the bank in the past 5
years. In total he lost approximately 350k in 5 years which results to a
Instead he could have gone for a 3bedroom condo at 1mil, which the price is 1.3mil today. Buying another property under his newly married wifes name.
Mr and Mrs Yang aged 30 and 28 both bought a SOBF 6 years ago at 380k and today we sold it for 600k at MOP, During the 6 years my monthly instalment is 2000 but today they fully paid the property with 200k cash proceeds. Each of them bought a pte new launch and move over to stay with our parents to save electricity, car park, town council, fibre, and they get to take care of our parents. Every 3-4 years later they will subsale the 2 properties and buy another 2 new launch to flip. In 10 years it is possible to accumulate 1mil and semi retire at 40.
Learn what you can do in this FREE and non obligated meet up session!
How you can increase your monthly income
How you can restructure your property portfolio
How can you upgrade without touching any of your current savings
How to give your family a luxurious lifestyle and plan for a better future
What you can do to benefit you
Hi, I am Desmond Quek,
I’m a real estate agent with many years of experience. I can be able to assist you to choose the “RIGHT” property in Singapore. If you are keen to learn about how to avoid ABSD with 2 properties or more, getting a higher loan, how to cash out money without selling, entry & exit strategy or how you have grow your wealth without any of your savings.
Contact me for a FREE CONSULTATION on to how you can proceed with your asset progression plan and to find out more
Property investor, consultant & agent
“We are thankful and really appreciate the effort Desmond
has put into selling our current HDB flat and then helping us to purchase our
first private property.
To be able to help us sell our HDB flat at our expected
price within 3 weeks in this market really impressed us a lot! His knowledge of the market and eye for good projects was crucial in helping us to find the right property to invest in, and with the strategies and road map he has drawn out for us, we would definitely rely on him for our second property purchase in the future. We would also highly recommend him to our friends and family
should they need property related services. Well done!”
“We had been selling our 4 room HDB flat for 3 months with another agent but still can't sell, therefore when Desmond knocked on our door one day and said he could help us, we were skeptical. Eventually he convinced us to give him a chance and what a great decision it was because within 1 month he managed to sell it above our initial asking price!
The initial plan was to sell our current place to upgrade to an Executive Maisonette, but through his detailed calculations and clear planning, we realized that we could afford a private condominium comfortably, and still have cash for rainy days! We are glad that we have met a dedicated and down-to-earth agent such as Desmond and would surely recommend him to anyone buying or selling property.”
We have just managed safety upgrade our HDB to 2 condos still save up to $150.000 CASH while maintaining our monthly instalment. We have also managed to pay off their car loan and set aside some money for renovation and reserve funds for their children’s education.
We were not sure about our affordability and after going through the calculations, we went ahead and took action immediately. That is because if we took action next year the prices would be so much more. As a matter of fact, we were not able to get the loan but desmond had a solution for them and he also shared with us how he analyses properties to buy and the rental we will be getting in a 5 – 10 years plan customized.
We did not use any of their savings and i am sure you want to be like us and give your family a better life.