A Story Of Two Properties

In 1991, I bought a shophouse at Dunlop Street, an area that is part of Little India. I paid $350,000 for it, a princely sum in the old days.

A year later, I was made an irresistible offer to sell it for $450,000. The buyer knew something that I didn’t because he went on to resell it within three months for $550,000.

In the past 23 years, I bought and sold a few more shophouses in Little India.

In November 2014, I got interested in that vicinity again.

My wife and I were looking at setting up a non-profit charity centre to reach out to migrant workers. The purpose was to provide purposeful assistance and support to them.

Our search ended up at Veerasamy Road, a short distance away from Dunlop Street.

As we studied the real estate micro-segment of that area, it was interesting to find out that the shophouses were going for as much as $4.5 million.

We ended up renting one of them and will be paying a hefty sun of money for the monthly rental. If it was not for the good cause,we would have walked away from the area.

Imagine if you had bought the shophouse at Dunlop Street in 1991 and had kept it through the ups and downs of the property cycle.

By 2014, you would have completed all the mortgage payments. Perhaps, like Jan Somers the property investment author had recommended, you had leveraged on the property to acquire other properties.

You would be worth at least $4.5 million. Probably more than you could ever achieve in business, as an employee, or from most instruments of investment.

On top of that, you will be collecting a hefty sum of money from me every month to live well and do more good for society.

Sadly, as I reflect on the past, many people did absolutely nothing to improve their lot.

They would not plan for their future, make sacrifices, discipline themselves, and persevere in achieving their financial dream. They are still dreaming about the missed opportunities.

What about you? What are you going to do about your future?

Remember, as long as Singapore is approximately 720km, the supply will be limited.

There is no question that our population will have to increase. In other words, demand will continue to be on the rise.

I also believe the quality of demand will improve over time.

The economic tide will turn from the west to the east and the Asia Pacific region will probably go through one of the biggest economic booms in history.

Together with an effective government, I believe our people will achieve arguably one of the highest socioeconomic levels in the world.

There will be great investment opportunities locally and around the region. Opportunities for you to achieve financial freedom and success that is way beyond your expectation.

The question is: Are you ready?

What are you going to do today and for all the future “today”s to make them really count in eternity?

Go4It!

I hope this message will find a place in your heart.

By the way, I have also recorded other reflections.

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Please read my reflection and continue to teach me.

Life is FUNtastic!