First and foremost, I am a mother of 2 school-going children. I am the typical ordinary Singaporean who strives to be a good wife & mother. Before I made the decision to become a real estate agent about 8 years ago, I was a Principal Engineer at an American MNC. Technically I worked office hours, but I was practically on “standby” in case anything broke down.
The job had very long hours but the worst was having this “axe” hanging above your head. In 2008, there were 2 rounds of retrenchment going on that year. I was not retrenched but I knew it could happen at anytime and any moment. It was unsettling to work in a place where bad news can happen without warning.
Hence I decided after my 2nd child was born, that I would take control of my own time and my own income. I became a property agent in 2008 – that’s when my pay cheque was dependent on me for the first time in my life! No boss, no employers to depend on. It was a scary but exhilarating experience at the same time.
I still remember it well – I chose to leave my job at the height of the financial crisis in 2008.
My Property Investments Was Parallel To My New Career
Like 90% of Singaporeans, my first property was a HDB flat. My husband and I bought it together when we got married. It was a 5-room HDB flat in Punggol.
It was a decent sized flat and that’s where my family grew in size. By all accounts, I could have decided to stay on. Plenty of room for a growing family right? However, after the 5-year Minimum Occupation Period (MOP), we made a decision to sell the flat and upgrade to private property.
The first private property we purchased was The Montage. This was a freehold condo that was located in Telok Kurau.
We completed the sale of our flat about 10 months later in Dec 2007.
The Montage was completed in 2010, so in the meantime, we stayed in our parents’ place. This was a conscious decision we’ve made. Instinctively I knew that it was time to move on from a HDB flat. I will share my reasons why later on.
The Montage was a very nice place to stay. I enjoyed it. My family enjoyed it. And not just because we waited 3 years to move in!
The location was good with great amenities. But this was also a private property – and there was NO restrictions on selling it. There was NO such thing as a MOP to hold us down.
It was so important to be rational and be able to set aside our emotions… I can still remember that it was where my family made this place a home. When it came down to it, The Montage was just another property – an investment vehicle. No point attaching emotions to this place.
So when the right offer came along, we made another big decision.
The Second Property Move
Barely 1 year after moving in, we decided to move on. That was when we decided to sell The Montage and buy another new private property development. This time we moved to a freehold apartment located near the Joo Chiat area.
This is my family’s current residence.
The Investment Decision
In 2012, my siblings and I came together to purchase a new investment property. After much research, we decided to purchase A Treasure Trove. This development by Sim Lian Group was completed in 2015.
This current investment property is now currently under a tenant’s lease and I am glad to say the ROI for this condo development is good.
Why did we choose to invest in A Treasure Trove?
I cover this in great detail in my Case Study Download here.