ST PHOTO: NG SOR LUAN

We don’t know if you’ve heard, but more than 7,000 people flocked to “condominium show-flats (…) on Thursday (July 5) night, with buyers hoping to secure units before the higher additional buyer’s stamp duty (ABSD) kicks in on Friday (July 6).

The Government announced that the ABSD will be raised by 5 percentage points for individuals.”
– The Straits Times (online) (1)

Here’s how it may impact you.

1) Loan-to-value (LTV) Changes:
“LTV is the housing loan quantum a bank or financial institution is willing to offer as a percentage of the property’s valuation. LTV depends on whether this is your first, second or subsequent mortgage and your loan tenure.” – Ohmyhome (2)

– Impacts both First Time Buyers and Property Investors.
– Buy what you can afford.

2) Increase in ABSD (Additional Buyer’s Stamp Duty) Rates:
Taxes for Multiple Property Owners
– First Timers are not being taxed.
– This move is meant to filter out property investors, and not those who just want to stay in it.

3) Taxes for Entities Increased by 10% plus 5% non-remission-able tax

(Developers will risk paying 25% of Land Cost if they cannot sell the properties within 5-Years for Licensed Developers)
– This move is to dampen collective sales market on two fronts.
– Land Demand: This policy compels the developer to risk dishing out bigger taxes and therefore higher costs.
– Land Supply: The window of opportunity has decreased significantly for owners of potential en-bloc sites

What does this means for us, who have always yearned for an investment opportunity in properties?

1. Shift your mindset. Be teachable and learn the new rules.
2. Explore Other Investment Approaches. Investing into Properties may no longer yield us that chance to grow a significant income. Explore other avenues of building an alternate source of income
3. Model after success. There are robust investment opportunities such as dividend stocks and high yielding endowments that mirrors both appreciation and rental opportunities that properties provide.

Too little people know that you can take your CPF's growth into your own hands - and that's almost a crime. Figuratively.

"I have no control over my CPF at all".
"I don't think I'll get to withdraw anything at 55".
"My CPF money is gonna be stuck forever!"

These are very common statements that you'd hear, or you probably might have said.

UNLOCKING THE GOLDEN GOOSE

Love it or hate it, the hard truth is that your CPF is here to stay. It has proven to be one of the most resilient and efficient national monetary systems in the world.

Once you understand and appreciate the mechanics behind these 'Golden Geese', you will be able maximise them to an extent that you would have never thought you could before.

Since you are already working hard to beat rising inflation and low wage increases, you may be interested to discover how you can make YOUR MONEY in these schemes WORK HARDER for you!

WHAT'S IN IT FOR YOU?

- Hear from industry experts (Property AND CPF investing) on how you can make your CPF work harder for you without even touching it

- Participate in the hands-on activity and find out what is YOUR VERY OWN FINANCIAL INDEPENDENCE milestone

- Use our formula to find out what is your GOLDEN GOOSE NUMBER and INCREASE your investment portofolio RETURNS

- Most importantly, this seminar will show you how the strategies, like the Golden Goose can lay golden eggs PERPETUALLY

WHO SHOULD COME?

If your income is at least $3,000 A MONTH
If you are a working adult BELOW THE AGE OF 50
If you want your money to grow using PROVEN WEALTH ACCUMULATION STRATEGIES

Oh, have we already mentioned that this workshop WORTH $450 is completely FREE?