In Singapore, a large number of home buyers consider real estate like The Continuum to be both a commodity and a cultural icon, frequently basing their real estate investment decisions on their emotions. Millionaire Raymond Giam of PropNex provides enlightening viewpoints for anyone who wants to own prosperous real estate.
As an experienced real estate advisor and multiple property investor, Giam combines his Continuum Price insight into the industry with a profound comprehension of human behavior.
Finding Value through Proper Property Selection
Over coffee in a cafe next to an HDB store near The Continuum Showflat, which he bought in September 2022 and sold for a profit of more than $500,000 in less than a year, Giam shared his views with Edgeprop Singapore. He highlights that choosing a property is not the only step in making effective real estate ventures.
In addition to emphasizing the property itself, Giam emphasizes the importance of strategic activities and timely exits that match the investor’s aims, capital, and market conditions when determining the “right” property.
Leveraging decades of real estate experience, Giam ensures customers understand market dynamics and appreciate finely detailed properties for well-informed decision-making by fusing his judgment and intuition with data research and analysis.
Giam’s network of contacts goes far beyond real estate, including bankers, lawyers, interior designers, contractors, and even property developers. “I provide everything for my clients; their success is paramount,” he states.
Giam’s methodical approach to property identification, selection, and in-depth study is essential to his success.
His investment decisions are guided by three fundamental principles.
First and foremost, it is imperative to comprehend goals and objectives, be they for short-term or long-term earnings, rental income, or asset buildup. It’s comparable to a navigator charting a course before setting sail. A home that offers both a personal dwelling and an investment return is what many buyers of residential real estate seek. It might be difficult to balance various requirements, but having certain goals in mind helps make decisions easier.”
Second, it’s critical to understand what makes a property special. Giam emphasizes the need for careful consideration before broadening study scopes by using the analogy of observing tigers to understand tigers and not be sidetracked by focusing on other objects like weather, foliage, or other animals in the mountains.
Giam concludes by highlighting the value of fieldwork, site visits, and investigating the facilities, infrastructure, demography, neighborhood layout, and ethnicity.
One of the most important things I do in my capacity as a consultant and investor is tour sites. For example, I was presented with the opportunity to purchase a freehold commercial retail space in the East in December 2023. The owner was ready to sell for less than the bank estimated.
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