“Land monopoly is not the only monopoly, but it is by far the greatest of monopolies; it is a perpetual monopoly, and it is the mother of all other forms of monopoly.”

  • Winston Churchill

It may interest you to know that the real estate industry is one of the world’s largest industries. It encompasses different aspects associated with property management, including – leasing, renting, purchasing, and selling. In addition to this, the researches show how it has added a whopping amount of $1.898 trillion to the GDP of the United States. This is 13% of the total GDP of the U.S. 

All such factors make a word like ‘property’ a hot term that pops up with countless passive income opportunities while adding a lot to your overall property investments. No matter if you have heard of this word from a social media channel or a local realtor, by now, you must have ample knowledge about properties and how they add to your overall wealth. 

Many people see property as a medium to seeking consistent profits, whereas others prefer it to attain financial freedom at its best. All in all, everyone has their own definition of property investments. If you are new to this concept, then here are some thorough insights into it.

What is property wealth planning?

The approach of property wealth planning is often tailored on the basis of clients’ specific needs. Here, a wealth management manager utilizes various financial disciplines like accounting, investment advice, tax services, estate planning, retirement planning processes, and much more. All of these aspects have an impact on the client’s overall wealth planning. 

One of the significant purposes of property wealth planning is to manage finances while ten folding the investments into multiple sectors. Generally, such programs are designed for people with higher net worth and who wish to continue expanding their estate and wealth creation. This practice is considered ideal for reducing the financial crunches in life while preserving your family members’ assets. 

When discussed in simple terms, the concept of wealth planning works as a guide for those property owners who are likely to expand their investment horizon. For this, understanding the literal meaning and insights of property wealth planning is necessary. Here, majorly the property owners prefer to reallocate the purchased properties to seek capital appreciation at their best. Like any other investment methods like – instrumental, equities, or gold, the concept of property investment comes with its own kind of returns and risk factors. 

Thinking if property wealth planning is an ideal solution for you or not. If you have been under such doubts, then here is something for you. 

Where property wealth planning and investment sound like an enticing plan to expand your wealth, you need to be fully aware of different factors associated with it. And when talking about property investments, always remind yourself that you have not taken enough risk appetite. For instance – you have a high income with no more dependents. This can put you under a little bit of risk as you may be the only breadwinner for the family to survive. 

All such factors call for a rigid wealth planning structure for your financial security. And if you have made your mind to go for then don’t forget to skip these factors – 

  1. You must have sufficient cash available or CPF funds to survive 
  2. High-risk appetite is important for appropriate wealth management 
  3. You must have an existing asset to upgrade or downgrade the property 
  4. Above all, you must have the willingness to plan for the future 

Now, when discussing property wealth planning programs, the criteria differ from person to person. Generally, there are different categories of individuals undergoing this scheme. It includes – HDB homeowners, first-time buyers, condo homeowners, and EC homeowners. 

Here are some prerequisites for all categories to understand and proceed with – 

For HBD Homeowners – 

  1. Six months of MOP 
  2. Completely paid HDB 
  3. The HDB prices may touch a stagnant position 

For First-Time Homeowners – 

  1. Must have the financial potential to purchase the 1st property for investment purposes only. This means the individual must have an alternative place to live in. 
  2. Must have enough cash savings to survive 
  3. The first purchase can be considered as a part investment and homestay for better convenience. 

For Condo Homeowners – 

  1. It should pass the Stamp Duty protocol 
  2. It is fully paid 
  3. The Condo rates may touch a stagnant stage at one time 

For EC Homeowners – 

  1. EC is for six months to MOP 
  2. It is a fully paid EC 
  3. The prices of EC may reach a stagnant platform 

How does it work?

It encompasses a thorough process including – 

Step 1 – Financial analysis 

Any property wealth planning program begins with a thorough analysis of the financial status or the future property investment requirements. This will make you dig into the different economic factors like cash flows, assets, and overall expenses. Furthermore, it will help you get subtle advice on property investments for future references. 

Step 2 – Funding Needs 

Once the financial analysis is complete, the financial advisor would give his or her remarks on how much funding you require to invest in the dream property. Generally, this often involves a breakdown of the costs included – legal costs, stamp duties, miscellaneous charges, and much more. 

Step 3 – Different Approaches of Investment Analysis 

By this stage, you will get to explore a series of properties designed within your funding range. This process may vary from advisor to advisor. Most financial advisors prefer to segregate the property type on the basis of different filters, making it convenient to narrow down the number of choices. It is an ideal approach to choose the right property for investment purposes. 

Takeaway – 

Everyone wishes and desires to tenfold their wealth and property investments with time. Here, it’s necessary to be familiar with the basics of property wealth management and planning at its best. Invest in properties that can prove to be a great source of passive income throughout life. For this, a financial planner or property wealth manager can assist you the best. 


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