Jason Ho and wife Evonne Tang of Jason & Evonne Property have been deeply involved in Singapore’s real estate industry for the past 15 years, fueled by a passion for helping people find their dream homes and guiding them through one of life’s most significant investments.
The duo shares, “Over the years, we've honed our expertise, especially in asset progression and working with homeowners who want to maximize the growth potential of their properties. Our focus has been on creating sustainable wealth through real estate, while our specialty lies in identifying undervalued properties with high growth potential, particularly in private properties like condominiums, and guiding our clients through strategic buying, selling, and upgrading decisions.”
Ho and Tang understand that navigating the complex world of home ownership and property investment can be a daunting task. Here, they shed light on the intricacies involved in hopes of getting those embarking on the process to stay on the right track.
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Investing in property is not a one-size-fits-all process. What’s the most important piece of advice you have for those who are looking to invest in private properties for the first time?
The most important piece of advice we give to first-time investors is to have a clear understanding of their financial goals and risk tolerance. It’s essential to approach property investment with a long-term perspective, ensuring that the property not only fits your current needs, but also has the potential for capital appreciation over time. Conduct thorough research, work with a knowledgeable agent who understands the market trends, and ensure that the property aligns with your overall investment strategy. Remember, location, future developments, and entry price are key factors that can significantly influence your returns.
Can you share some do’s and don’ts when it comes to property investment in Singapore that most people might not know about?
Do’s:
- Do Your Research: Understand the market, the property’s location, and potential for future growth.
- Do Plan for the Long Term: Consider how the property fits into your long-term financial goals, whether it’s for personal use, rental income, or capital appreciation.
- Do Work with a Professional: Having a trusted and experienced agent can provide you with insights that aren’t readily available online or through casual research.
Don’ts:
- Don’t Overstretch Your Budget: It’s crucial not to over-leverage yourself financially. Ensure that you have a buffer for unforeseen circumstances like interest rate hikes or economic downturns.
- Don’t Follow the Herd: Just because a particular property type or area is popular doesn’t mean it’s the right investment for you.
- Don’t Ignore Exit Strategies: Always have an exit plan in place, whether it’s selling, renting, or refinancing the property. Know when and how you’ll realize your investment returns.
There are plenty of considerations to take when entering and exiting the property market. As industry professionals, when do you think is the right time do so? Are there any market indicators that to watch out for, whether they’re entering or exiting?
Timing is critical in the property market, but it’s also one of the most challenging aspects to master. The right time to enter or exit the market often depends on a combination of personal circumstances and market indicators. For entering the market, look for periods where there is a slight cooling of prices, possibly due to government cooling measures or macroeconomic factors that might temporarily soften demand. For exiting, consider selling when you’ve reached your targeted capital appreciation or when market indicators suggest a peak, such as high transaction volumes and rapidly rising prices.
Market indicators to watch out for include interest rate trends, government policies, supply and demand dynamics, and economic forecasts. Always consult with a professional to help interpret these signals accurately.
For the latter part of 2024, are there any neighborhoods on your radar that investors should look into?
The Rest of Central Region (RCR) is particularly promising for investors. This area is becoming increasingly attractive due to its strategic location and the rare new launches in mature estates. Notable upcoming projects include Chuan Park at Lorong Chuan, Emerald of Katong at Tanjong Katong, and a new development at Toa Payoh Lorong 1. The RCR offers a balanced mix of affordability relative to the Core Central Region (CCR) and better accessibility. For investors looking for a safe bet, these RCR projects provide an excellent opportunity to enter the market with confidence, backed by the strong fundamentals of mature estate living and the growing demand for well-located properties in Singapore.
For more information, contact:
JASON HO
Propnex Realty Ltd
Tel: 9191 0797
jasonhoproperty@gmail.com
@jasonhosg
EVONNE TANG
Propnex Realty Ltd
Tel: 9694 5290
evonneslt@gmail.com
@evonne.realtor
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