Let assume that you bought this property at Ascentia Sky Property near Red Hill MRT at 1.1M and today it is worth 1.8M. Every month, you get a passive income of about $800 after you loan repayment, will you sell your property ?
Whether to sell or don’t sell, we cannot look at just this. Let us look at some numbers
I have plotted this chart of Ascentia Sky, it show that the price went up to here. But it has stagnant for 2013-2017 and has already been five years. So is this period of time wasted ?
Most owner will feel that they do not really need to sell since they are getting passive income. But how long does you need to get this passive income to reach $331,000
A lot of time , owner goes on a short term insight on the $800 rather than the huge gain of $331K. If you have let go at 2013, it actually open you up a chance to gain this type of profit again.
You see, the profit margin went up again.