Mar 23, 2015

Posted by in General

A Tribute To Mr Lee Kuan Yew

A Tribute To Mr Lee Kuan Yew

I am deeply saddened with the passing on of one of the world’s greatest leader, our founding father, Mr Lee Kuan Yew. He had dedicated his life fighting for Singapore, strategizing for Singapore and grooming Singapore to becoming a first world nation that is respected and modelled after by many.

It is, by no means, an easy feat developing a country from a third world to a first world nation status within such a short period of time. In the face of adversity and opposition, he stood for what he believed in and yet kept an open mind to all other possibilities. His vision, his leadership in roping in dedicated team of talents and ability to form international alliances for the purpose of building and protecting Singapore is truly remarkable.

Lee Kuan Yew

Much has been already been said about his greatness with the outpouring of tribute from all around the world. I just want to express my deepest gratitude to our founding father.

“THANK YOU so much, Mr Lee Kuan Yew for your dedication and commitment. I am proud to be a Singaporean. May your legacy continue to inspire us and move us towards into the future as a united and prosperous nation.”

With love and respect,
Wendy Kwek

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Mar 19, 2015

Posted by in General

8 Adriatico – Another Project Completed!

8 Adriatico – Another Project Completed!

Dear investors, Hope you all are doing well!  We are happy to have another successfully completed project.

Here are some photos to share of the 8 Adriatico project that is located next to one of the largest Robinson mall in Manila.  My units are 1 bedroom units on high floor. This project is for long term rental as the demand for rental is pretty good.

8 Adriatico1

This project is next to the popular Robinson Mall that was opened since 1997.

 

wendy Kwek success8 Adriatico Robinson mall1

Here are some photos of the inspection of the project upon completion. The project looks decently good and the views are great.


8 Adriatico Wendy Kwek 28 Adriatico Wendy kwek 38 Adriatico Wendy Kwek 48 Adriatico Wendy Kwek 88 Adriatico Wendy Kwek 78 Adriatico Wendy kwek 68 Adriatico Wendy Kwek6

8 Adriatico Wendy Kwek 5

The developer, Eton Properties, has a leasing team and is able to help overseas buyers manage the lease and it is up to investors whether they want to lease out as unfurnished or furnished units.  This project should be able to fetch 8%-10% gross yield currently depending on purchase price, payment term and whether the units are furnished or not.  The commission charged by Philippine agents and developer’s leasing team is one month of rental per year of lease.  There is  another half month as fees for helping investors administer the banking in of cheques and sending remittance slips to investors.

So congrats to all investors for long term passive income!

Cheers!

 

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Mar 19, 2015

Posted by in General

Congratulations to all Centuria Medical Centre investors and buyers!

Congratulations to all Centuria Medical Centre investors and buyers!

Hi, We are pleased to announce the completion of the Centuria Medical Centre in Makati, Philippines, whereby the building is almost 50% owned by Singapore investors. Here is a quick summary on my inspection trip to turnover the units.

Other than individual units that some investors have chosen to buy, we have also jointly also bought one whole floor of the project for purpose of leasing to big companies or to sell to one corporate buyer.  I had spent one whole day in the building inspecting each of the units we bought.

The reason for this purchase is clear.  This is Freehold project, located in CBD, which is a Rare Medical Centre that offers Good Value For Money.  It ticks all the boxes.

The indicative gross capital gains should be around 60%-100% depending on purchase price, payment terms and unit facing.  Our purchase price was only around S$300+psf.

Those who bought with spot cash will experience higher gains of almost 100%.  Our investors call this project a Gem.  Rare and valuable.

Century City

The above photo shows the entire Century City of which Centuria Medical is part of it.  Most of the other projects are residential units.

I am happy with the inspection visit in January as the project is off good style and quality.  Here are some photos to share.
centuria3

 

centuria5centuria4

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wendy kwek

wendy kwek centuria

toilets

Toilets!

We are now in process of finalizing a long term lease for whole platinum floor with 10% increment in rental per year.  Once Rental Agreement done, investors will get  a copy.

I have found another FREEHOLD, COMMERCIAL SPACE, WITHIN CBD at a good value coming up soon.  We have secured bulk discounts that the public will not get  as I have pre-booked one whole floor again! PRP grads, please keep a look out for our email and SMS soon.

FYI: For my personally owned units in this project, I have received offers from Pharmaceutical companies but I have humbly rejected as I do not wish to kill the golden goose that will feed my family for many years to come.

Cheers to a great success and more!

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