Investing in Singapore Property: What property agents won't tell you
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- Опубліковано 7 лип 2024
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In this video, we will dive deep into the unpopular opinions about Singapore property investing, where some property agents may not want to share these information. We will highlight the pros and cons from both sides, but ultimately, you are the one making your own decision.
00:00 Introduction
00:50 Own Stay or investment?
04:50 Risks of Property Investing
11:43 Is it worth it?
23:10 All-in into property?
26:32 Flipping property till retirement
31:52 Property advice for Singles
Watch the video for a comprehensive overview and decide if property investment in Singapore is for you. Like, share, and subscribe for more insights!
#Sponsoredby #Webull
Sponsor: 🐂 Webull Singapore hmsg.link/sgwebull
🏠 Buy/Sell/Rent your home with hmsg.link/jjongproperty
👉 Free consultation on your property questions!
_________________________________________________
📈 Click hmsg.link/ibkr to see my preferred broker: 💹 Interactive Brokers
🌟 My referral codes: t.me/sgpromocode
📙 Advanced Credit Card Mastery Course: hmsg.link/accm
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I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.
As a property agent, i truly support both of your honest opinions.👍🏼
Times have change, properties in Spore makes us rich. But it only/already applies to those baby boomers compared to other Gens when there’s too many property cooking measures in place right now.
I managed to flip one private property back in 2002, but now? Bcoz of all these cooling measures, I’ll just stick to what i have and explore other investments strategies.
Thank you guys for sharing ur opinions.
Great sharing! Thanks!
Thanks for sharing your insights! It’s very helpful to me. I can totally relate to many situations mentioned 😂
Thank you for having me again Chris!
You sound intelligent and honest. Quite a rare find these days. By the way you mentioned easy to find 5%? Where to find? Guaranteed return on the principle too? Or some kind of insurance thingy?
super informative and insightful
in fact, i also share quite a few of your(plural) sentiments too
Good stuff guys.
I bought a 20yr old resale ex-EC at Tampines. Do u think is worth it?
Prices can't keep on going up exponentially...lots of flats will age as the years go by & that's where the "fun" begins
land bid price keep going high, construction cost keep going high, what do you expect developer selling price to you ? price drop? i dont think so.
Siao liao, my formal agent smoked me into buying a 1 bedder at Treasure with fake valuation last year...and even cheater + misappropriated huge amount of my saving.... now I'm stuck and not sure will I be able to sell it in two years time.. what should I do....
never trust anything any agent tells you. Arguably, even the two chaps in this video. While it is alright to listen to opinions and advise, one should be doing their own research, following up and being aware of daily industry news, to make their own informed decision.
Just to put things into perspective, depending on social media financial advise for investment - majority will end up losing money
Nah no thx .....I rather invest in Btc .... So liquid that I can take out and sell anytime .
Prices of property in sg will keep going up - due to scarcity of land and availability. Government cannot keep building BTO on and on. The limit to BTO expansion is the amount of land in singapore.
Baby boomer generation holds a bulk of the flats available in singapore. The property market will be very interesting when this generation starts depleting or dying off and all this legacy HDB property is released back into the market.
It will be very difficult to say whether the property prices will retain such value and keep appreciating in that 20 or 30 yrs that follow (that's when the baby boomer generation start dying).
There will be swaths of maybe "empty" HDB estates?
Do we have a scenario of this happening now? Please look over to Japan for an example.
I think shares or equities equally has risks
I only have one property…the one I am currently living in.
Bullshit, who say one person can own one residential property? As long as you got monies, you can buy and own multiple residential properties. It is just that with the current ABSD rule, it just make the purchase more expensive.
12:50 Bro doesn't know that leveraged properties can also get margin call from the bank
Only buy properties in Singapore then can get rich, the property agent is right, it can preserve wealth and also increase wealth, because our land is scare ......I have been investing since 2000, 2010, 2015 and 2024 and it has rewarded me handsomely because I dare to buy ...... If scared to lose your job, then use the rental to pay for the instalment, nothing to worry...
Provided the property able to rent out easily and able to cover the loan amount. Buying a property is a big commitment.
I have calculated a bit , nowadays it is much harder to use rental to fully cover your installment already
How you deal with bad tentants?