Agent Sha shares how to make your property work FOR you instead of against you
Making real estate investments to reap profits when you are already struggling with day-to-day expenses might seem like a distant dream. But what if this is not the impossible feat that you think it is?
Agent Sha, Senior Associate Marketing Director of PropNex, says that middle-class earners can own multiple properties without incurring any additional financial strain, as long as they have the right guidance and a proper plan in place. Previously the owner of a start-up specialising in Real Estate Data Analytics, Agent Sha is now a Singapore-based asset progression realtor who helps clients achieve their financial goals. He recalls one memorable case that has stuck with him till today.
The case dates back to three years ago, when a former client introduced Agent Sha to Mr. & Mrs. Lawrence. Like many others, the married couple sought to lay a foundation of financial stability for their family’s future. However, they were hesitant to capitalise on a new investment strategy due to many understandable questions, concerns and fears.
The Problem: An “Unattainable” Dream
Mr. & Mrs. Lawrence had been living in a 5-room HDB flat in Sengkang ever since getting married 12 years ago. With a combined household income of $7,350 and three young children to raise, they struggled to put aside significant cash savings due to the rising costs of living.
In fact, 80% of their life savings actually went into their HDB property — a property that had stopped appreciating over the past five years — leaving Mr. & Mrs. Lawrence feeling financially trapped.