Recently, I have received many enquiries about Property Club Singapore and our upcoming event. Below is a list of Q&As for your easy reference.
Q: How is Property Club Singapore different from any property group?
A: I think we are all tired of property talks and seminars organized by industry stakeholders with vested interests.
As potential buyers and property investors, we are interested to know the latest figures and future trends of the property market, but free of sales pitches and property projects for sale. We like to learn and network, but we also want to hear neutral and unbiased views.
That is exactly why Property Club Singapore exists. And I can say that we are the only neutral property group formed by liked-minded private property buyers, investors and owners.
Q: Why do you pick housing mortgage and financing strategy as the topic of your event next Saturday?
A: It is interesting that for a while the Fed has been playing the ‘cry wolf’ game to shout about raising interest rates, but people are still being caught unprepared.
I am afraid that we may be seeing what happened in the year 2005 and 2006 when interest rates was raised 3 to 4 times in a short period of time. My housing mortgage interest jumped from 1.3 percent to 4 percent in 18 months. Every time the increment would take effect on the following month. But repricing and refinancing took time and need another three months to be effective. I was holding a few properties at that time. It was a painful lesson to learn and I don’t want to see our club members repeat my mistake.
Q: How can people with no existing housing mortgage benefit from the talk?
A: The event is not only targeting mortgagors. We have an economist from Standard Chartered to present the economic outlook and how it affects the property market, on top of the rising SIBOR issue that everyone is talking about.
We are also honored to have an experienced conveyancing lawyer to share the tips and tricks concerning property financing. Besides being an excellent speaker, Mr Rayney Wong is also a savvy property investor himself who understands the industry inside out. One small secret: He probably didn’t know that his company has helped me on a few property transactions in the past. And I had my fair share of disappointing encounters with other legal firms before I found them.
Q: Why are we doing a luncheon and how is it different from any of the previous events?
A: We had received very positive feedback for all our previous talks. We had relevant topics, great speakers and fruitful sessions. They served the purpose of education but I would like to see more opportunities for networking. Besides learning from the experts in the field, it is also critical to network with like-minded people and learn from our peers.
In this coming event, we have round table seating to facilitate interactions. We will rotate people to ensure that we can talk to more participants. There will be 20 minutes of ice-breaking, 30 minutes of group discussions on real-life mortgage scenarios and 90 minutes for a networking lunch – a total of 140 minutes’ time for networking!
Q: What is the value to participants attending the Mortgage Luncheon?
A: Isn’t paying just $45 for a sumptuous buffet lunch and goodie bags with piggy banks and Liverpool caps, pens, keychains, etc. already very good value-for-money?
On a serious note, the objective of all our events is to impart invaluable knowledge and experiences. For instance, we organize the Mortgage Luncheon because we want people to avoid the costly mistakes of not doing anything or choosing the wrong strategy in property financing. Above all, the opportunities to meet or network with like-minded people and learn from people more experienced than you is priceless.
So what are you waiting for? Register now if you haven’t done so. See you next Saturday at the Making A Smart Move For Your Mortgage Information and Networking Luncheon!
I am lost says
Hi. Good day.
I’m currently renting a unit and would like to buy one for own stay but couldn’t decide between resale EA/Jumbo or private condo. We are SC/SPR. We thought of buying HDB as 1st pty then buy private condo as 2nd pty after MOP. Housing prices are still at the high end. Appreciate your views. Thanks.
Property Soul says
Read my blog posts here and my book No B.S. Guide to Property Investment and you will be able to find some clues. Remember to run through the 3:3:5 affordability test mentioned here -> http://propertysoul.com/2014/06/20/can-you-afford-your-dream-home-after-taking-the-3-3-5-test/
I am lost says
Hi. Good day.
I’m currently renting a unit and would like to buy one for own stay but couldn’t decide between resale EA/Jumbo or private condo. We are SC/SPR. We thought of buying HDB as 1st pty then buy private condo as 2nd pty after MOP. Housing prices are still at the high end. Appreciate your views. Thanks.
Property Soul says
Read my blog posts here and my book No B.S. Guide to Property Investment and you will be able to find some clues. Remember to run through the 3:3:5 affordability test mentioned here -> http://propertysoul.com/2014/06/20/can-you-afford-your-dream-home-after-taking-the-3-3-5-test/