Saturday, July 30, 2011

Andy Ong ’s current views on Property Investment

Hi guys, I am writing again to you from the skies over China. I am on a 3 city tour this time around. This is a backlogged trip from 6 months ago. My China country manager has been trying to get me to visit our representative offices that were set up a year ago! I have been postponing this like forever. I am reading this article in China Daily basically saying that rich Chinese investors are looking to the ASEAN area to buy homes.

Quite a few of you are again confused with all the noise and happenings around the world. The US political squabble, European debt issues and Singapore economic slowdown have got quite a few of you worried. Add to the fact that some analysts are predicting huge over supply of residential housing in 2013, this analysis definitely would have caused you some sleep. These factors could have caused me sleepless nights as well, as our exposure is quite huge, (think hundreds of millions).

Macro-economically, Singapore’s economy is still intact. Hey, if we continue to grow at the kind of breakneck pace, something will snap. The Western countries sagging economies are a source of worry as they are key consumers of Asia’s exports. However, think very big picture. International hot money needs a home and for the time being, Asia is it(especially Singapore). Why? With the Euro and US dollars falling quicker than anyone can cover their positions, investors are trying to park their money in stronger Asian currencies.

There is actually not that many choices as the Hong Kong Dollar is pegged to the USD and of the rest of the Asian currencies, the Singapore Dollar is an obvious choice. What does this mean? Low interest rates! Why? Because if interest rates were to go up, all the hot money will not just flow in but tsunami in! Asset inflation will surely occur!

Over-supply concerns? Then don’t acquire the assets which are deemed to be in over-supply. This is primarily in the mass market properties. There are other asset classes which will catch the eye of international investors as they do not attract the 16% seller’s stamp duty. The property investment scenario still have pockets of opportunities but you must know what you are dong or you will be in very, very deep shit. Don’t say I never warn you in advance!

Your Friend,
Andy Ong

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Andy Ong

Friday, July 29, 2011

Reflections from ERC’s Property Investment Program.

Hi Guys! I am honoured when my students told me over the weekend they attended our property class to learn from Andy Ong only. I have been extremely blessed as people who are smarter than me have bothered to shared with me and I have been honing my property investment skills over the years. Through the last 18 months of sharing with you how to invest in property effectively, I have been understanding your pains. I understand that many of you want to get into the game but lack the financial resources and know how.

Many of you have also wasted a lot of money learning from the countless so called ‘gurus’ out there who are more interested in selling you crap properties and earning for themselves very fat fees. In fact, the last 2 intakes were pretty overwhelming as people realized that I do not want to teach any more. After the course, I was overwhelmed with the positive response from you. I was rather upset when a number of you actually came up to me and told me that they regretted going into other programs as they gained so much more usable and implementable knowledge. They advised me that other programs are just sales pitches for crap overseas properties. Sad but true. The appeal list for me to teach for a couple more courses is staggering. I will consider and let everyone of you know after my birthday weekend. I will not be taking my usual break as I am so backlogged with all the business matters. The new hotel, our new schools and coping with the infrastructure and logistics of our current businesses have caused this situation.

If anyone of you want to assist me and can play a role, I will be very happy to have a chat. The business has grown so incredibly that I really need to be looking out for capable people to be successors. It has been an incredible journey and I hope to give you the opportunity to have incredible journeys as well.

Till the next post, have fun!

Your Friend,

Thursday, July 7, 2011

Crystal Tower En-bloc (We told you so!)

Hi Guys. I really do not mean to gloat. For those of you who attended my property class and went on the road trip with me, one of the properties that we visited has just announced it is pursuing an en-bloc sale. We have stopped by the property and I thoroughly analysed its potential which has been verified by the markets. I know 2 of you bought units at that development and I am proud because you have taken action. For your efforts, you will have been greatly rewarded. I love creating millionaires, the act of that gives me the zest of life.

I was bullied by my staff to do one more property class as there was a waiting list. The class is this Saturday and it has been sold out and again there is a waiting list. I am in a conflict as I am quite disgusted by the practices of some of the so called ‘property gurus’ out there hawking crap properties to unsuspecting students, earning for themselves handsome fees in the process. I find the process just benefitting them and no one else.

At the same time, I have already tried my best and shared with 600 of you how I invest in property. I take the route of practical investing. From a humble $10,000, my portfolio has grown into hundreds of millions. Don’t take my word for it, the media has widely reported my purchases. Now that is real! My strategy has benefitted all my students who have created so much wealth that I am speechless. I am really tired though I pity the poor souls out there putting their hard earned savings into shitty assets as advised by their ‘teachers’.

For you out there who can advise me on what to do, I will be very happy to take your advice. You have my email, please do share your thoughts.

Your Friend,
Andy Ong