Recently, I was invited for a discussion about property organized by PropSocial. The discussion participated by Magdeline Tan, GM PropSocial, Aldrin Tan and Ty Koon, both from Esprit Property Agent and Michael Tan, founder of Freemen.
The discussion took place at One Serambi Cafe and our chit chat session was recorded as below:
Important matters that we discussed, were due to the feedback and comments through PropSocial Network which many people have expressed their concern due to economic situation and whether the property market has reached its peak and created property bubble. In addition, many property agents also were looking for extra income through other jobs to support their cost of living. Whether, the entire comment is true, we think this will vary from case to case.
Is 2016 The Year Of Property?
As 2016 approaches, a lot of changes include subsidy reform, the impose of additional of tax has caused major concerns how people are going to sustain under this circumstances. In the discussion, we agreed that with the economic turmoil and depreciating value in properties in certain parts of the country, probably is the best time for some to acquire their property now.
The key points to look for in this discussion:
Are You Ready To Buy
How Much Do You Want To Make
Education & Training
Advice For Property Investors
What Will You Buy This Year
For people with extra cash in hand, this is probably will be the best time for property investment. For me, as the value of property in some areas are quite stable, the main factor for investing in property is, whether financially you are ready to buy. So depending on your situation, are you a buyer or owner, 2016 will be the best time for some property investment, according to Aldrin Tan, MD of Esprit Property.
Some of the points in the discussion, we mentioned the fundamental in investing whether, your investment is a mid or long term and whether you are prepared for current property investment. Whether you are a keeper or a flipper, 2016 will be the year, when your skills and education will be put to the test for you to make the right decision. I would recommend that investment should be kept simple and it is for long term.
Michael Tan, later highlighted that your investment should be kept in a certain bandwidth of 400k – 700k depending on area and your capacity of investing. Find out more in the video what you should buy this year whether it is commercial or residential, which is the best for 2016 investment. I suggest, while watching the discussion video to look for key points, and send us your comment whether you have the same view. Watch it a few times so you will not miss the valuable information from the discussion.
Later, after the talk, Ty Koon and I extended our discussion on how to create cash flow through property investment. Koon is famous for her ability to add value to properties. She has many good cash flow properties in her portfolio. So, if you also want to learn how to create more good cash flow properties? I’ve recorded a training session with her to show you:
– The factors to consider in getting a good rental property
– How to attract tenants who will pay you high rental
– How to create more rental space?
2 replies to "How Would You Invest In Property In 2016?"
some questions: 1) in the general discussion geared towards residential, commercial & /or industrial? except for the specific reference. 2) mentioned return of 6-8% – this is gross – across the board? or net of assessment, insurance etc etc 3) what are key factors to keep in mind when comparing / considering between the 3 sectors?
Hi Belinda,
1. It is geared towards the general sentiment
2. Gross yield
3. The key factor is the investor’s personal risk appetite and investment plan. For starter, residential is the safest play. For more sophisticated investors, can consider commercial and industrial properties.