Singapore-based financial blog that aims to educate people on personal finance, investments, retirement and their Central Provident Fund (CPF) matters.

Monday, 12 October 2020

Dumb Sh!t My Property Agent Said - Part 1

My family recently went shopping for a new house. 

After we visited one of the homes, we had a conversation with the seller-side property agent.

The agent was explaining how to earn money in Singapore's property market.

Needless to say, I thought half of what the agent said was completely crazy or stupid.

To quote Uncle Roger, "Different people have different opinions, just some people are wrong".

Dumb Thing the Agent Said

"We should make our money work for us. That's why I recommend my clients if they have the chance to sell their 2 homes and upgrade to a landed."

Not the agent's exact words, but that's the gist of it.

Recommended Read: Cannot Withdraw CPF Money If Never Hit CPF Retirement Sum?

My Inner Thoughts

If you have 2 houses, you can stay in one, rent out the other one, and essentially live off rental income for the rest of your life - if it is sufficient.

That's the real "making money work for you".

If you sold the 2 houses to buy 1 landed and stayed in that landed.

Where you going to get your monthly (rental) income if you don't work?

You basically cannot retire or live off your rental income.

You going to break that landed into different segments and rent it out to different families while your own family stays in it?

To me, that was just the Agent making a sales pitch.

The commission from selling 2 houses and then buying a landed is HUGE!

Not a good investment or property advise.


A great property agent is not a great financial or investment adviser.

If the Agent can get your house sold easily, GREAT!

But financial or investment advice from them, take it with a pinch of salt.

There are more to come as a slowly breakdown crazy stuff the property agent said.

Subscribe to us so you will be notified once we published it 😉.

Recommended Read: Complicated Steps To Pay $10 DBS Stock Brokerage Commission

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