Property
Should we give properties to our children?
By Property Soul  •  August 12, 2016
Time flies. My younger girl just turned five today. Still remember my old blog post “A letter to my new born baby“? I thought I just wrote that yesterday? Five years on, when her little hand reaches for mine; when she holds me tight and plants a big kiss on my lips; when she looks me in the eyes and says ‘Mommy I love you’, I realize I must have done something really right in my last life. Wherever I travel, I buy her stickers printed with her favorite cartoon characters. We often review our proud collection together, recalling when, where and how much we got them. With fellow property investors, we review a different collection – our portfolio of properties acquired over the years – recalling when, where and how much we got them. Sometimes we talk about buying properties for our children. One would have bought ......
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By Property Soul
I have developed a strong passion for properties since young. In my 20s, I was relocated to Singapore where I bought my first condominium unit at the end of 2002. I added four more to my property portfolio in 4 ½ years’ time. I never expected their total value could be doubled in just a few years.
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2 Comments

2 responses to “Should we give properties to our children?”

  1. Alvin Tan says:

    It is a great idea to leave homes to children because SG is so expensive that children cannot afford property. Our parents bought when LKY was building the nation, but times aren’t that simple anymore, so we need to think about future generations…

  2. Gerald says:

    As a parent of two young kids, I can fully appreciate the dilemma on whether to give properties to our children. On one hand, we want them to grow up without being reliant on us. On the other hand, we also worried that the next generation will not afford to buy properties in Singapore.

    But I think ultimately, it is more important to impart them the right values instead of giving them assets. We should give them the right tools to fish instead of giving them the fish.

    Regards,
    Gerald
    http://www.sgwealthbuilder.com

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