Is It Still Possible To Achieve Financial Freedom Through Property Investments

An individual typically spends their early 20 years playing and learning new information, before transitioning into their professional lives over the following two decades. We then dedicate these 20 years to our careers, families, and paying off car and home loans; once on this path of success, using these remaining 20 years to build our own businesses or advance existing careers such as purchasing another home for our children or funding schooling fees for them – before finally retiring for good and pursuing passions or goals with the remaining decades remaining in life.

The Continuum was built through an exciting collaboration with Hoi Hup Realty and Sunway and established in Singapore in 1983. Since that time, their property developer team has developed extensive expertise in various real estate fields. Over the last four years they have also actively acquired properties through government land sales as well as through an en bloc exercise.

Hoi Hup Realty have completed several developments prior to The Continuum Condo. They include Waterford Residence, The Continuum Showflat, Sophia Hills at Mount Sophia, Whitley Residences and Terra Hill at Pasir Panjang.

Property Investment

An investment property is any piece of real estate purchased with the goal of capital gains by renting it out for use as rental income and using any surplus to pay off their mortgage loan in full or partially over time. Investors purchase such investments with the intention of eventually selling it at higher values in the near future and increasing capital growth through greater appreciation of value over time.

Investment properties may include residential homes such as houses, townhouses, units or non-residential real estate such as commercial or industrial properties. Property investments tend to be safer and less volatile compared to other investments, although no guarantees can be provided and some risks could still exist.

Pros of Property Investment

Rent income can be generated through renting out investment properties while waiting for their value to increase. Furthermore, capital growth benefits may increase if purchasing the property at an attractive price and watching as its value continues to appreciate over time.

Additionally, interest paid on mortgage loans to rental properties may be tax deductible as rental investments. Our property stands out as being tangible compared to shares as it can be seen and touched while potentially serving personal purposes if needed.

Why Investing in Property?

Data shows that prices of private homes have steadily been increasing for several decades, reflecting government policies designed to help Singaporeans build wealth and retirement nests through home purchases.

The Highs are Higher than previous Highs

Singapore’s housing costs resemble being on an unpredictable roller-coaster ride from crisis to crisis, without ever reaching any plateau of stabilization or decline. Prices typically increase incrementally as Highs reach higher heights while Lows become more costly than previously.

This indicates that owners will maintain the original price of their property and won’t offer anything less than what was paid, leading prices upward.

Financial Freedom

Even if we do not seek financial liberty, we should at least not be trapped into being financially captive. Without having the freedom to change the source of revenue we rely on for daily expenses as well as paying our monthly debt obligations without penalty, life becomes increasingly unstable.

As we navigate this cycle of work and money management, we often struggle to find ways to break free. Money management should be taught from an early age through allowances provided by parents.

Finance requires effort, expertise, and planning in order to utilize money wisely and increase savings. Unfortunately our schools do not teach financial planning lessons, yet older generations continually remind their children to work hard and be cautious with money.

Save First, Pay Next

Financial advisors typically advise us to save a portion of our earnings for savings or investments prior to paying bills/debts/other expenses. By understanding the importance of regular savings as part of building wealth and income in our younger years, it can lead to new ways of growing income streams and creating additional ways of augmenting our income streams.

Save Money through Reducing or Postponing Unnecessary Expenditures or Finding an Additional Source of Income; whether this means using technology to sell products and services online through platforms or getting a second part-time job – which allows us to invest and build wealth over time – or finding another form of savings for longer-term future goals such as investing.