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Six qualities that make women great property investors

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By Property Soul

femalesignI was looking through the member list of Property Club Singapore when I noticed that only one-fifth of the members are ladies.

It shouldn’t be surprising, given that those who are interested in investment are mostly guys. You should call yourself lucky if you attend a stock investing course and there is a lady sitting next to you. And there is a high chance that she is accompanying her husband there.

Singapore women not into investment?

If you start a conversation about stock or property with Hong Kong or Shanghai girls, there is a high chance that they will join the discussion. They may not be very good at the subject, but they like to talk about it anyway. But if you bring up the same topic with Singapore girls, nine out of ten will not be interested.

Women investor groups are common in other countries. But we have none in Singapore.

For the older generation, fathers are usually breadwinners while mothers are homemakers. If you ask the aunties about financial matters, you get the usual “I have no idea ask my husband” answer.

Gender is not a good excuse not to learn about personal finance and investing. Women should be financially independent, so that when there is a crisis, they can have the means to save themselves and their families from troubles, and no one has to suffer from it unnecessarily.

Feminine traits that make successful property investors

If women know how to make use of their feminine qualities in property investment, there will be more successful property investors.

1. Meticulous and diligent

Women are more insecure and tend to do more planning, including holiday trips, finances and investment. Detailed planning, strict budgeting and careful calculations are their strengths.

Women are also more careful with money. They are born shoppers who do their desk research and field studies diligently and patiently. When it comes to a property deal, rather than buying it on a whim, they are likely to check through everything meticulously before making the decision.

2. Artistic and intuitive

Property investment is both a science and an art. Besides crushing the numbers, women are more artistic in nature. They have stronger aesthetic sense which is a set of principles governing beauty, taste and harmony. Whether in showflats or resale flats, the ones who point out things that have aesthetic problems are usually from the fair sex.

Many women claim that they possess the sixth sense. They somehow have the instinct to know something which is inexplicable and beyond reasons. And that intuition can prompt them to make a shrewd investment decision.

3. Sociable and expressive

Women possess the soft skills to get people to pour their heart out. They have social soft skills to work with sellers, agents, lawyers, tenants and vendors. They are more compassionate in nature and are thus more empathetic to the needs of sellers and tenants.

When negotiating for a deal or an agreement, women are sometimes better negotiators because they look less formidable compared with men. That makes them easier to come off as an amiable party even when they are proposing an aggressive offer.

4. Egoless and modest

Unlike men, ego is seldom an issue for women. Women don’t associate asking for help with incompetence. They never have to worry about being less ‘macho’. They feel comfortable asking for directions and are ready to seek advice. With good practice over the years, they have learned how to ask the right questions.

Furthermore, more ladies can understand the virtue of being humble. The late British Prime Minister Margret Thatcher once said:

“The cock may crow, but it’s the hen that lays the eggs.”

And they are the golden eggs. I often see guys who boast about a paper profit of tens of thousands, but I know ladies who keep to themselves after reaping millions.

5. Conservative and pragmatic

Women like to have things under control. That is why they are more cautious and conservative in investment.

With a down-to-earth personality, they have reasonable expectations and are easily contented. Aggressive growth, fast turnaround or high risk high return investments are not for them. They are also less likely to be a property flipper, trader or speculator. When the market becomes overheated, they are also willing to play safe, cash out and exit the market.

Women believe that slow and steady wins the race. They are not comfortable committing to something that looks too good to be true. They won’t be overly-excited about get-rich-quick strategies because they are not interested to be instant millionaires.

6. Multitasking

It is not a myth that women multitask better than men by juggling through multiple projects at one time. Like most mothers, I can have a discussion, prepare a three-course meal, and mind two young kids at the same time.

This multitasking instinct comes in handy after the purchase of your property – when you have to deal with the agent, the bank and the lawyer simultaneously. It is also useful if you have to manage different vendors in a home improvement or renovation project.

If you are a multiple-property landlord, you have to arrange repair for one property, to renew the tenancy agreement for the second one, and to find a new tenant for the third one – all happening at the same time.

In a nutshell

Of course, there are exceptions when some ladies invest like guys. But do you notice that I have just highlighted above all the traits of great property investors?

English writer Virginia Woolf said “a woman must have money and a room of her own”. Well, not just a room, we should have a flat of our own!

Girls, prices are dropping. Start saving now for the downpayment of your first private home. Make sure you are ready when it’s time to buy again.

Success in property investment in not about the money you can make, but the difference that you can make for yourself and your loved ones.

Finally, allow me to twist a bit on Emma Watson’s UN speech:

“If not me, who, if not now, when. If you have similar doubts when opportunities are presented to you I hope those words might be helpful.”

See you girls at the Buying My First Private Property Workshop!

 This article was first published at Propertysoul.com

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Ng Eng Hen: Dust clouds likely caused armoured vehicle collision during Exercise Wallaby

Dust clouds limiting visibility likely contributed to the collision between two Hunter vehicles during Exercise Wallaby, Defence Minister Ng Eng Hen explained in his parliamentary reply. 12 servicemen sustained mild injuries, but safety measures prevented more serious outcomes. A formal investigation is ongoing to ensure further safety improvements.

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SINGAPORE: Low visibility caused by dust clouds was identified as the likely cause of the collision between two Hunter armoured fighting vehicles (AFVs) during Exercise Wallaby last month, Defence Minister Ng Eng Hen said in a written parliamentary response on Tuesday (15 October).

The incident, which occurred in Queensland, Australia, on 24 September 2024, resulted in mild injuries to 12 servicemen.

Dr Ng’s statement was in response to a parliamentary question from Mr Dennis Tan, Workers’ Party Member of Parliament for Hougang SMC.

Mr Tan asked for details on the accident, specifically its cause and whether any lessons could be applied to enhance training and operational safety within the Singapore Armed Forces (SAF).

The collision took place during a night-time movement of Hunter AFVs at the Shoalwater Bay Training Area.

The vehicles were returning to base when one rear-ended another. Dr Ng explained that the dust clouds generated by the AFVs’ movement significantly impaired visibility, might likely contributing to the accident.

The 12 affected servicemen sustained mild injuries and were promptly taken to the nearest medical facility.

None of the injuries required hospitalisation, and all 12 servicemen were able to rejoin their units for training the next day.

According to the minister, adherence to safety protocols—such as wearing seat belts and protective gear—played a crucial role in limiting the injuries to mild ones.

Following the incident, a safety pause was immediately implemented, with all drivers being reminded to maintain proper safety distances, especially when visibility was compromised.

Troops were also reminded to adhere strictly to safety protocols, including the proper use of safety equipment, Dr Ng added.

The safety lessons from the incident were shared not only with the affected units but also with other participating groups in the exercise, as well as units back in Singapore, through dedicated safety briefings.

Mr Tan also asked about the broader implications of the incident. In his response, Dr Ng said that a formal investigation had been launched in accordance with SAF’s safety incident protocol.

The investigation aims to assess the circumstances more thoroughly and identify any further measures that could be taken to enhance safety.

Dr Ng shared that recommendations arising from the investigation will be implemented where necessary.

Exercise Wallaby is SAF’s largest unilateral overseas exercise, and the 2024 edition began on 8 September, running until 3 November.

The exercise involves approximately 6,200 personnel, including 500 operationally ready national servicemen.

The exercise has been conducted at Shoalwater Bay Training Area in Queensland since 1990, and it is a key part of SAF’s overseas training program.

The Hunter AFV, one of the vehicles involved in the collision, is a state-of-the-art platform jointly developed by the Defence Science and Technology Agency, the Singapore Army, and ST Engineering.

It replaced the SAF’s aging fleet of Ultra M113 AFVs in 2019, which had been in service since the 1970s. The Hunter is equipped with advanced features, including a 30mm cannon, a 76mm smoke grenade launcher, and an automatic target detection and

tracking system designed to enhance operational effectiveness. It is also capable of traveling at increased speeds and covering longer distances, making it a versatile asset for the SAF.

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Current Affairs

Government to “carefully consider” Lee Hsien Yang’s demolition application for 38 Oxley Road

The Singapore Government will “carefully consider” Mr Lee Hsien Yang (LHY)’s application to demolish the house at 38 Oxley Road. LHY announced his intent on Tuesday morning following the recent death of his sister, Dr Lee Wei Ling, reaffirming his commitment to honour his parents’ wish for the house’s demolition.

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The Singapore Government has indicated that it will “carefully consider” Mr Lee Hsien Yang’s (LHY) application to demolish the family home at 38 Oxley Road.

LHY, the youngest son of Singapore’s founding Prime Minister, the late Lee Kuan Yew (LKY), announced his intention to apply for the demolition in a Facebook post on 15 October 2024, following the death of his sister, Dr Lee Wei Ling, on 9 October.

The announcement marks a significant development in the ongoing saga over the fate of the historically significant property, which has been at the heart of a family dispute since LKY’s passing in 2015.

In his will, executed in December 2013, LKY expressed his desire for the house to be demolished “immediately after” Dr Lee moved out of the property. Dr Lee, a prominent neurologist, had been the last remaining resident of the house.

LHY reaffirmed his commitment to carrying out his father’s wishes, stating, “After my sister’s passing, I am the only living executor of my father’s estate. It is my duty to carry out his wishes to the fullest extent of the law.”

He added that he would seek to build a small private dwelling on the site, which would be “held within the family in perpetuity”.

LHY also referenced his brother, Senior Minister Lee Hsien Loong’s (LHL) remarks in Parliament in 2015, when he was Prime Minister, stating that upon Dr Lee’s passing, the decision to demolish the house would rest with the “Government of the day.”

In response to media queries regarding LHY’s announcement, a spokesperson for the Ministry of National Development (MND) acknowledged the intended application and emphasised that the Government would “carefully consider issues related to the property in due course”.

The spokesperson also highlighted that any decision would need to balance LKY’s wishes, public interest, and the historical value of the house.

The house at 38 Oxley Road, where key decisions about Singapore’s path to independence were made, has been a focal point of public and political discussion.

The future of the house became contentious in 2017 when LHY and Dr Lee publicly accused their elder brother, LHL, of trying to preserve the house against their father’s wishes for political reasons.

LHL denied the accusations, issuing a Ministerial Statement in Parliament, where he also raised concerns over the preparation of their father’s final will. He clarified that he had recused himself from all decisions regarding the property and affirmed that any government action would be impartial.

In 2018, a “secret” ministerial committee, which was formed in 2016 to study the future of 38 Oxley Road, proposed three options: preserving the property and designating it as a national monument, partially demolishing the house while retaining the historically significant basement dining room, or allowing complete demolition for redevelopment. LHL accepted the committee’s conclusions but stated that no immediate decision was necessary, as Dr Lee was still living in the house.

In a statement conveyed by LHY on behalf of Dr Lee after her passing, she reiterated her strong support for her father’s wish to demolish the house. “My father, Lee Kuan Yew, and my mother, Kwa Geok Choo, had an unwavering and deeply felt wish for their house at 38 Oxley Road to be demolished upon the last parent’s death,” the statement read.

She added, “He had also appealed directly to the people of Singapore. Please honour my father by honouring his wish for his home to be demolished.”

Despite selling the house to LHY at market value in 2015, LHL’s stance regarding the house’s preservation became a public issue, especially after the family disclosed that the Government had raised concerns about reinstating the demolition clause in the 2013 will. The ministerial committee had reviewed the matter, but a final decision was deferred until now.

The fate of 38 Oxley Road remains to be seen, but the Government’s decision will likely have lasting implications for the legacy of the Lee family and the conservation of Singapore’s historical landmarks.

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