I’ve been researching on the property market for the last few days. It’s no longer a secret that recently there was a hike in property prices. I can’t help but to wonder if there’s a bubble brewing and when will it burst? I’ve gotten some many opinions from friends who are well-versed in this area. While there are no certain answers, I decided to wait a little.

This afternoon, though, I was looking through prices for all the properties I have once set my eyes on. One of my top choices caught my attention with its attractive asking price. This unit is considered a low-cost apartment but it has a fantastic rental yield. Depending on how you go about it, it can potentially bring in 10% yield, or at least 8% (minimum). I’ve called up the agent and will be viewing it tomorrow. If I could get a higher loan margin, I don’t even need to fork out any money and just receive cash-flow every month. This could be a good one while I continue to search for other good buys. Excited!! The mere thought of “kaching kaching” makes me happier than anything else. I am a money magnet. Money, money, come to mama!

Just end of last year, I wanted to get another really good property around that area. Sadly, I’ve missed the boat while busy setting up my business. The property has a high rental yield and now it has even shot up 30% in price. Oh well…I believe in abundance! There will be more good properties coming my way.

I started liking properties in 2008 when I bought my first property. The condo is now making 8% rental yield and the property price went up 20%. ^^ I’m also very happy to have friends like Heng and Mah, who are into it as well (and they are in the business too). It’s a lot better when you can get more opinions in this matter. Knowledge is power.

Sorry, folks. Still not ready to tell you my property buying experience for the last few days. Stay tuned….

Thank you, universe!

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