How to Build Passive Income in Singapore During Bear Market?

build passive income in singapore meng chan financial

“The market is a bloodbath!” When one of my clients invited me for tea, he stated. He proceeded to express his scepticism about the market to me. He felt lost in developing his passive income for the future because the stock and crypto markets continued to tumble. And with growing inflation rates in Singapore (April 2022 5.419%), headlines about the recession, and the Ukraine crisis, he felt lost. How to Build Passive Income in Singapore During Bear Market?

He persisted in seeking advice from me. He stated that he would continue to stay invested in the market. But he also requires an instrument that will allow him to gradually and steadily build his passive income with less volatility.

Therefore, I shared with him this new and improved plan which will help everyone create a passive income for as long as they live (or till age 110).

Imagine you buy a condo and start renting it out. You collect rent every month, for your whole life, with or without a tenant. You never have to do renovations.

Best of all, there is no need to pay BSD, ABSD, property tax, or income tax on your rental.

No tax at all.

And unlike actual property rentals, you do not require a lot of capital.

If you have $240K ($50K to start) sitting somewhere in your bank that you do not need to use, you can get this unique passive income instrument.

I keep hearing friends who say they want to build a stream of passive income and retire early. With this new method, it’s a lot more possible.

Connect with me if you’re keen to receive exact numbers based on your age. No obligation to proceed even after I send you the numbers, let’s just start with education. You control the actions after that.

source: economictimes, nasdaq, rateinflation


Note: Opinions expressed are solely in Mr. Chan Kong Meng’s personal capacity and neither express the views or opinions of Prudential nor represent any professional advice in Mr. Chan Kong Meng’s capacity as a PACS representative.


Share the knowledge!