Associate Group Director
More about me
Your passionate Retirement Consultant in PropNex (Singapore Largest Real Estate Listed Agency).
Dear Valued Clients,
Some background about myself. I used to own HDB flat with my wife. Then we asked ourselves these QUESTIONS:-
(a) Will this HDB be our retirement home?
(b) If we fully paid for this HDB, Can we really retire comfortably?
(c) What if one day we in need of money, can we cash out immediately at a very good price?
(d) How much will we need when we retired at the age of 65 years old and if live until the age of 87 years old?
(d) Will $2,000 per month retirement amount be enough for 22 years or more? That will be at least half a million (0.5mil) needed per person.
(e) If we sell our HDB at today price, can we buy back later at a cheaper price?
(f) Are we able to be financially free at the age of 50, 60 or 65?
Then we realised that the money struck in the house is Just NUMBERS! Why owners are cashing out in today's market and build their retirement income? and that is why myself and my wife decided to sell our HDB flat in order to build our retirement fund.
Other than that, we also asked ourselves why are we working so hard in life? Don't you think we should learn to enjoy life..., with family, children and our friends.... (who does not want that?....)
Therefore, in order to address the above, we need to have a strategic planning for our retirement plan!
How did we do it? We managed to purchase a private condo. The cash outlay is only 5% of the purchasing price and the next 20% can be used from our CPF. Is it a burden to own a private property? I realised that actually our monthly mortgage loan for the private investment property can be financed by the monthly rental fee.
Then we see the opportunity that our private condo has actually appreciated more than $200K few years after that. We sold and cash out. We realised the important of taking advantage of potential upside properties with "Build-In Profit" without having to hope and pray that this investment property make money. This is very important especially when we started using the 7 strategies rules.
Currently, we have proceed to continue our retirement goal. My wife has purchased a new launch developments and I am currently looking to purchase another ones. And after selling our HDB and the private condo, other than the cash outlay for purchasing of the new launches, we have also set aside reserve fund in case of raining days. How are we able to do that as a safety net?
Currently myself and my family are staying at a private condo which we are glad that we took the action to not just start planning for our retirement, but also to enjoy life with my family.
I have shared how I started to build my retirement fund. I have also helped not just my friends but also my valuable clients and I see how they benefited from it and that made me passionate about using real estate as a retirement plan. I love to share my strategy and to help you build your retirement plan too.
Would you want to be worrying about money for your retirement?
Would you rather work hard for money or get your money to work harder for you?
How do you leverage on other people money (OPM) and start to build your retirement plan?
Call me and let's have a non-obligation chat!
David Soh (PropNex)
Associate Group Director
Ask Me Now
I cannot express enough thanks to David Soh for his continued support in the past few weeks. David is professional. He represented me to negotiate with landlord in contract details, communicated between landlord and I well. David is trustworthy. He replies messages promptly, and very responsible in reminding you of some details. David is friendly. He always puts smile on his face, and explains every detail to me patiently.
I, as a new resident in Singapore, feel so much assured and firmed in mind. David managed to reach consensus between landlord and me, and walked me through every corner of the building and corner in apartment in the process. I deeply appreciated his efforts and I would recommend him to be your best agent in Singapore.
|2019||3QC||Top Individual Producer Award|
As Singapore's largest listed real estate agency with over 8,000 sales professionals, PropNex is an integrated real estate services group that prides itself on delivering best-in-class services in real estate brokerage and project marketing.
Having established a strong presence in Singapore's residential market, PropNex continues to enhance and expand its suite of real estate services in Singapore and grow its operations regionally. The Group already has presence in Indonesia,
Malaysia, and is currently looking to expand to Vietnam by end-2018. PropNex also offers access to international markets through its partnership with leading property consultancy Jones Lang LaSalle.
With a strong commitment to service excellence and quality, PropNex is the proud recipient of numerous accolades and a recognized leader in real estate agency services.