My maternal grandfather was a real estate developer. I didn't get to see him because he passed away at a young age of 39. After his death, the wealth of the family vanished through bad management and family politics.
My family had to do odd jobs in our small apartment in Singapore, like pasting stamps on envelopes for a postal company in order to make up for our income short-fall. Life was hard.
Today, I am a Singapore real estate advisor
with PropNex Realty
, the largest and listed real estate agency in Singapore with over 8,000 salespersons. I focus on new projects and resales. And I lead a team of property consultants in PropNex Realty.
Having been in Singapore’s real estate industry for over a decade, I have experienced 2 rounds of property cycles in Singapore (the busts and the booms). I have seen people coming out the cycles better off or worst off.
I have observed that if done right, real estate is the most powerful wealth creator, a better strategy to build and multiply our wealth.
Real Estate has created the most millionaires in the world. As an entrepreneur, we ought to study real estate, if we want our money to work harder for us.