THE SINGAPORE WEALTH

Introduction

It all began in the fourth quarter of 2009 when I transitioned from the chemical industry to pursue a career in real estate. Initially, my focus was on selling HDB properties in vibrant areas like Queenstown, Bukit Merah, and Tiong Bahru, where I achieved numerous record-breaking prices. However, my path shifted towards marketing new property launches in 2012. Over a brief six-month period, I successfully assisted approximately five families in securing new homes. However, I found myself more inspired by the resale market. Therefore, in 2013, I returned to concentrating on HDB properties for another four years. By 2017, I began receiving numerous referrals to handle private property sales and assist with portfolio planning. It was during this period that I recognized the importance of wealth advancement in achieving financial freedom more rapidly. Consequently, I redirected my primary focus towards helping owners with wealth advancement, as I strongly believe this path resonates with me the most. I reached a milestone when I completed a transaction worth 12.8 million in a single deal, and I also accomplished a sale within a day, setting a personal record for the quickest turnaround time. These experiences have enhanced my confidence and passion, enabling me to effectively handle various types of properties.

How many times can an investor flip properties in a lifetime? While flipping can generate quick capital, long-term wealth is usually built by holding multiple properties. For many investors, flipping serves as a stepping stone to accumulate enough funds to expand their portfolio by mid-life. A good rental property generates steady passive income after covering all expenses. Ideally, this income should help grow the portfolio faster; otherwise, it simply sustains the investor's current lifestyle without driving real growth. Starting young is crucial because, like many others, I took time to fully understand this — and by then, age can limit your ability to act. Let’s not repeat the same mistake.

Are you deciding between HDB and private property? This has become a common consideration for many buyers, partly because the loan assessment process differs significantly between the two. Yet, while many focus on affordability and the appeal of lower monthly mortgage payments, it’s worth asking, does this truly mean freedom from financial stress?

In certain cases, the price gap between HDB flats and private properties has narrowed significantly, especially in prime locations. For example, resale HDB flats in mature estates may cost $950K to $1.2M, while entry-level private condos in the OCR (Outside Central Region) start at $1.2M to $1.5M. This narrowing gap often prompts buyers to weigh the long-term benefits of each option carefully.

When was the last time you reviewed your property portfolio and considered what you could achieve with the sale proceeds? Don’t wait any longer—now is the perfect time to assess your potential and take action. Let’s explore your options and see what opportunities lie ahead! [Dec 2024]

The price gap between HDB resale flats and private condos has been steadily widening, driven by factors such as rising private property prices, higher demand for land, and policy changes. As we approach 2025, this trend is likely to continue, with limited supply in the private sector and increasing land costs contributing to the disparity.
For HDB owners looking to upgrade, this growing gap may make the transition more challenging. They may find it harder to afford the larger down payments and higher mortgages required for private properties, especially if their HDB flats have not appreciated as quickly.
Ultimately, while the price gap between HDB flats and private condos poses a challenge, owners can still manage to upgrade by exploring a variety of strategies that balance financial capacity with long-term housing goals. Flexibility, creative financing, and smart timing can all help make the transition more achievable. [Dec 2024]

Why Choose Baron Yeo

Because of my extensive industry experience, I have gained the expertise, connections, problem-solving capabilities, and self-assurance to elevate the quality of your transaction.

Having the necessary tools to support you in determining the pricing for your property, allowing us to position our pricing accurately.

We have the capability to feature your listing on over seven platforms, providing us with the opportunity to maximize its exposure.

We don't simply sell your house; we also prioritize securing your next home, allowing for a smooth, consecutive process.

Baron is capable of assisting you with HDB upgrades or downsizing. Furthermore, Baron can provide guidance on transitioning to a condo, including options such as resale condos or New launches developments.

Baron prioritizes your case, and the reviews and feedback provide assurance that entrusting me with your property ensures it will be well taken care of.