By Mr. Propwise

Recently I had a reader of Propwise.sg write in to share her story of how she built up a multi-million dollar property portfolio in the span of over ten years, despite being just an average earner. I’d like to share her story, and have also added in some of my own remarks. I think it is a great illustration of how even an average employee, with some wisdom and of course a dash of luck, can build up significant wealth over a period of time. I’d like to thank the reader, let’s call her KT, for generously sharing her story.

Enter KT:

I stayed in a private property for 18 years before it went enbloc. I bought it during the recession of 1986 when prices were low and picked it up for around $320,000. The property was sold for $900,000 in 2005.

Mr. Propwise: A wise ...