Sunmeet Singh’s path into property investment took an unusual route. As a teenager, he was translating detailed council terminology for his family. By 13, he was already attending meetings with planners, engineers and council representatives, translating from English to Punjabi for his father.

But this early exposure gave him a practical education in the language and processes of property development.

Here’s how Sunmeet used these formative experiences to become a successful property developer.

What Inspired You?

Growing up in a close-knit Indian family, Sunmeet wasn’t just observing from the sidelines - he was actively involved.

His family focused on small-scale developments, buying plots, subdividing, building houses, and sometimes holding rentals. At the time, his “investment” wasn’t monetary; he brought a fresh perspective, energy and sense of responsibility to the table.

Even at a young age he was integral to his family’s projects, playing a hands-on role in their development efforts.

Now 33, Sunmeet is spearheading an ambitious project in Glendowie, Auckland, where he’s developing seven townhouses.

This project involved purchasing two adjacent parcels of land for around $2.4 million, with plans to amalgamate the titles. His strategy includes a mix of holding and selling some of the townhouses while balancing the need to repay financing with a goal of creating sustained cash flow.

The Challenges

For Sunmeet, financing a development project is a different game compared to a traditional mortgage.

With 100 per cent mortgages generally off the table, developers often need to use earnings from past projects to top up their reserves. To manage costs and maintain control over cash flow, Sunmeet stages subdivisions, a strategic approach that keeps his finances flexible.

He also positions his developments to attract families and first-home buyers, choosing locations like Glendowie for its desirable school zones. Here, his budget aligns with market demand, and he’s confident these townhouses will appeal to buyers and find a market quickly.

Advice Tips

When asked about advice for new developers, Sunmeet emphasises early planning and understanding market demand.

“Start small, learn from each project, and always aim to provide value in desirable locations. It’s all about location, pricing and knowing who your buyer is,” he says.

Sunmeet’s story reflects the influence of family and cultural values on his approach to development. He underscores that many Kiwi families, regardless of background, share a common work ethic and a drive to improve their circumstances.

Next Steps

Sunmeet’s journey may resonate with many investors, especially those with family ties to property or business.

If you’re looking to leverage property for a different future lifestyle, consider booking a Portfolio Planning Session with us at Opes Partners.

Disclaimer: Just remember this is a column in a magazine, going out to thousands of people. It’s not personal financial advice. But, it is an example of what can be achieved with personalised financial advice. If you are wanting to book a consultation, email us through the website at https://www.opespartners.co.nz