Lately there have been quite a number of developments being marketed in Singapore. Some clients asked me if they should buy South Yarra or Lygon, or along Queens road. All of these areas in my opinion are great areas. If you are in for the long term, you cannot go wrong.

The other day, I had a client who asked me a similar question. I told him whilst they are good areas, he could get carried away looking at so many new developments and the fact that he can’t possibly buy all of them means that there is something more than just looking at new projects and adding them to his already ‘messy’ portfolio.

I explained the importance of having a STRATEGY in place. It allowed him to have a helicopter view of where he is going and chart the course for his acquisition strategies. At the end of the day, it is down to a 15-year strategy and possibly looking at an annual income of $100,000 or more from his rental income. He was happy with it and it is not at all aggressive and definitely realistic; looking back at the past performances of the Australian property market where median price growth averages about 9% per annum.

Folks, at the end of the day, you can buy anywhere, for that matter; anywhere in the world. I guess the key is to have a holistic strategy. Just like what Stephen Covey said, ‘BEGIN with the END in mind!’…