In the evening of 30 June 1998, I arrived in Singapore alone with a luggage of personal belongings and some cash equivalent to S$600. In a few days’ time, I would start a job paying S$4,000 a month. I was grateful to find employment in the midst of the Asian Financial Crisis. The next morning I went to POSB to open a savings account. After I deposited all my S$600, I was … [Read more...]
Trust yourself you can create wealth in property
I received a few messages from readers of my blog which read something like this: I like properties and I want to learn everything about it. My dream is to earn passive income from property investment. I hope to be financially free one day ... But I am only a 20-something guy who just started working a few years back. I live on a humble four-figure salary every month. I … [Read more...]
Property investor scores a home run (the unpublished version)
An article on "Property investor scores a home run" which features “me & my money” was published yesterday on The Sunday Times invest section. You may be interested to read a longer version of my answers to the standard questions. Read the unpublished additional details highlighted in italics. Q: Are you a spender or saver? I am a compulsive saver. During my … [Read more...]
Dealing with repairs in rental properties
I parked my car outside the house. A neighbor accidentally kissed it and damaged the license plate. It was replaced after a week so I drove it to an 8 a.m. meeting on Monday. Unfortunately, I was stuck in the highway for an hour. When I reached the carpark, the agitated vehicle was already complaining with strange noises. It waited till I was on the way back that it finally … [Read more...]
Property agents in a haze
With no better suggestion from the government, the only way Singaporeans can deal with the haze from Indonesia is to stay at home, with all the doors and window closed. Despite poor visibility, through the glass window we could still see a property agent showing the house of our neighbor living opposite us. And there he was, walking his clients to the house in the midst … [Read more...]