Personally, I have sold a few units of The Quintet EC over at Yew Tee before.
The first batch of owners really got lucky because they bought in during a market low and sold during a market high. Many of these families were sitting on a huge pot of gold.
Imagine without any effort on your part, except paying for the downpayment and monthly installments, there is a sudden huge amount of money ($300k-$500k) waiting for you to cash out.
There is a client which I’m still serving, they have reinvested their profits into a prime area condo back then 2018.
Fast forward this year 2022, they were looking to do decoupling, I checked and saw that their existing property has enjoyed another capital growth of $350k.
By just purchasing the right home for own stay, they have managed to achieve a total of near $800k capital gains through property.
They are in a different life stage now as the older boy is going into tertiary education, they are exploring to shifting back to the west.
The plan is to have the husband to takeover the property and the wife to purchase another smaller 3 bedroom condo in Clementi area.
In essence, this is what many people have been shouting about, “asset progression”. Buying more or higher value properties and let time in the market do job. Of course, in a safe manner without losing sleep at night.
