While many may now shun old-fashioned books in favor of the instant gratification the internet provides, books still remain as top conversation topics even in modern times. If Harry Potter is the first thing that comes to mind, but you’re not sure if that answer would impress, consider heading to your nearest bookstore to pick up of a copy of one of Singapore’s best-selling property books, and never be stumped again for an answer the next time someone wants to know what books you have read recently.
1) The Ultimate Guide To Real Estate Investment In Singapore (2011) by Mr Ismail Gafoor
When it comes to big-names in the Singapore property industry, Mr Ismail Gafoor, as CEO of PropNex, the largest real estate agency in Singapore, is second to none. His book provides a check-list on the various questions investors should ask themselves, ranging from whether choosing a resale or direct HDB purchase makes better financial sense, to whether an HDB flat still makes a better choice even for those who can afford private property. With advice coming straight from the mouth of a top real estate leader, it’s hard to go wrong with this book.
2) How You Can Become a Multi-Millionaire Real Estate Investor! (2008) by Milan Doshi
Although written more than 3 years ago, “How You Can Become a Multi-Millionaire Real Estate Investor!” still provides advice relevant to today, such as tips on how first-time investors can make sure they approach their investment from an unemotional angle, accurately accessing the fair or lower-than-market price and doing essential due diligence including making sure that buyers hire an assessor for older properties. A good starter book for those just beginning to get their feet wet in property investment.
3) Mortgage and Grow Rich (2011) by Alfred Chia
With the recent government cooling measures reducing the LTV (loan to value) from a previous 80% to now 60% for 2nd properties, knowing what financing strategies are available in today’s mortgage market becomes even more critical for the investor looking to minimize his or her level of risk exposure. Some of the key concepts that Mr Chia, the CEO of SingCapital, a financial services firm covers in this book include the various types of property loans available, including HDB concessionary loans, fixed and variable rate loans, as well as more general topics such as how to improve your credit rating with CBS (Credit Bureau Singapore). Reading this book may shed some light on some of the surprising reasons why your recent mortgage application was approved or declined.
4) Manic! (2004) by Andy Ong
Those familiar with the local business education industry would no doubt have heard of Mr Andy Ong, the CEO of ERC (Entrepreneur’s Resource Centre) Holdings, most well known for making his first million by the age of 26 through a series of astute property investments. Mr Andy Ong’s other publications include Singapore’s only financial planning textbook, “A Singapore Guide to Personal Financial Planning” (1999), but “Manic!” is his most recent publication providing tips on investing in Singapore property. He also currently runs a number of investor training sessions at his River Valley Road training centre, with single-day to week-long sessions available, with course fees ranging from several hundreds to thousands of dollars. If that sounds a little too steep for you, picking up a copy of one of his books is also a (much) cheaper way to learn from one of the pros in the property investment business.