ABOUT ME

Derek has been a realtor for almost 2 years. Prior to joining the industry, he has close to 8 years of experience helping major brands and MNCs with their digital marketing and advertising using Big Data and in-depth analysis while being a certified Google and Facebook marketer.

What sets him apart is not just the ability to analyse, brand and profile potential buyers effectively to maximise selling prices or identify good property purchase but his records of care, professionalism and putting the client’s interest first – he will not hesitate to advise a client not to make a purchase if he felt that it will be risky for the buyer and the family.

Derek graduated from the National University of Singapore and is happily married recently to his wife who is a social worker. Home for them is a 3- bedroom Executive Condominium in the west of Singapore.

Our approach is to go beyond the typical transactional conversation of “What do you want to sell/buy”, and to take a comprehensive and holistic approach to ensure that your interests are well-protected through the transaction.

Derek Ng

Email: Derekng@PropNex.com

Mobile: 97839654

CEA Registration No.: R058642D

THE SITUATION BACK THEN

At 31 years old and getting married in 2017, my then girlfriend (now wife) wanted a place of our own within a year. Having been always prudent, we were looking at HDB resale flat in Ang Mo Kio. Being a matured estate, the lease remaining for the HDB there are between 50- 70 years.

After doing a thorough calculation where we realised we are able to afford and have rainy day savings to cover our mortgage based on 3% interest for 3 years, we bought an Executive Condo in Choa Chu Kang instead.

TODAY

My 3-bedroom Executive Condo has risen about $140,000 based on bank valuation. The Ang Mo Kio HDB value has dropped significantly because of this statement.

WHAT’S NEXT FOR ME?

  • If we decided to take it slow in life, I can sell my EC and moved into a resale flat (fully paid perhaps) and have cash reserves.
  • We could potentially decouple to invest in 2 properties without the ABSD while keeping this EC.
  • We could sell to upgrade accordingly knowing that we would have a potentially good profit to build on.
  • We could potentially acquire a term loan at mortgage interest rate to leverage and build our wealth on or simply to support our family in time of needs.

EVERY PROPERTY DECISION HAS TO BE HIGHLY CUSTOMISED, LET’S CHAT.