Do You Aspire to be one of the 20,000 owners who Owned 2 or more properties in Singapore?

Read on to find out How!

SINGAPORE: A total of 20,000 Singaporeans, Singapore PRs and foreigners own three to 10 private residential properties in Singapore, said the Ministry of National Development (MND) on Monday (Feb 5). 

In a written answer to a parliamentary question by Ang Mo Kio GRC MP Gan Thiam Poh, MND said 381,000 owned one private residential property, while 59,000 owned two. 

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Financial services director Jamson Chia always made it a point to pay himself first, and this was how he managed to buy his first property barely two years after starting work. “I saved 20 per cent of my income at the start, and when I earned more I increased it to 30 per cent,” said Mr Chia, 41, who now heads a team of 42 consultants at insurer AIA. He started by saving around $500 a month, of which he invested half. After two years, his savings, coupled with the bonuses that he did not spend, were enough to put down for his first property – a unit at Spottiswoode Park. “My big break was the first property,” he said, adding that the profit from that first investment provided the capital for his subsequent property purchases. “I had to scrimp and save, and if I really had no money, I would go back and have dinner at home,” Mr Chia said, referring to the early years of his career. His strategy to delay gratification has paid off as he is now living in his dream house…. 

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