Property Risks, Buying For Own-Stay or Investment & Future-Proofing A Home Purchase | NOTG S3 Ep57
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- Опубліковано 27 чер 2024
- Melvin Lim, Lyndon, George and Joan from PropertyLimBrothers share their opinions on the common dilemmas one may encounter when navigating Singapore’s property market. This discussion includes the continuous appreciation of landed homes, timelines to enter and exit a property, prioritising future-proofing a property purchase, accumulating an asset, and the challenges of flipping a property.
Find out what deeper aspects there are to consider going into the real estate market, such as the significance of bedroom type affecting potential profit margins. Stay tuned for another empowering banter episode of Nuggets On The Go!
00:00 Introduction
00:45 Listing Inventory for Properties in All Districts
06:10 Shifting to a bigger or smaller property?
10:23 EM/EA/Jumbo is a collector's item.
12:06 Choosing Resale 3-bedders over Brand New 2-bedders
20:07 Symphony Suites
26:15 New Launches in 2024. On TOP will you Stay, Flip/Sell or Rent out
38:13 Part 2 Teaser
38:40 Outtakes
#PropertyLimBrothers #notg #podcast
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although being agents or “salespeople” as Lyndon mentioned, I think as a property podcast for the general audience, it needs to be balanced or at least share some cons instead of pushing a single narrative.. for example, new launch sounds good to buy and hold to hopefully make that 200k to 300k but at least need to be transparent that there is agent costs 3%, buyers stamp duty 3% to 5% tiering.. etc., interest expense, these are not small sums.. for every 1.5m is at least 100k of costs..
ps I am a property investor myself
The average property agent is not intelligent enough to understand this. They probably got low Bs or worse for their O'level English and can't grasp balanced arguments. No hate, just stating it as it is.
Everyone is an expert on YT
symphony suites 4 bed is a good buy. no balcony. no wasted space. king queen queen queen. very good layout. squarish. however the annualized gains very poor. very interesting.
northpark layout not as good, but better gains. maybe really need MRT. too OOOCR may not work.
OCR but near mrt/amenities still impt. Chongfu alone cannot guarantee prices. wonder how north gaia will perform.
The absence of balcony may make the project facade less attractive. I feel that condo should have a balcony. These days, hdb has very few bto units with balcony (unlike a decade ago). The demand for bto with a balcony is very high among the young people. As well as open concept kitchen (no, I'm not referring to those kitchenette along the walkway from main door to dining/living room).
Just look at sol acres and all the ECs that are far flung. All made a killing :)
Yes guys, 3 bedders are asking $1.7 million now
D22 has some good ones, like The Floraville and Summerdale. Why dont choose those? Their 3bedders are still 1.2-1.3m
Hi there! :)
We would say that Summerdale 3 bedders at 1.2m - 1.3m is definitely worth checking out. Just note that it is of a slightly older type of development but if that isn't a concern for you, and the large layout and location are what you are looking for, this is a definitely a suitable option to check out.
Hope we managed to answer your question! Thank you for supporting our channel 😀
Cheers!
The guy in the adidas shirt dishing out advice and making judgement calls, very dangerous. I won’t choose him as my agent. He clearly shows lack of experience. From what he says, He probably never buy private property before, never flip, and confirm never make money or lose money from any property investment. Need to get him off the panel . Let the experienced people talk.
Do we buy 2bedder new launch or 3 bedder re sale. Plan to sell within 5 years
Hi there!
Thats a great question 🙋♂️ Both are fine as long as the entry price is right. One thing to look out for when it comes to current new launches is the launch price. It can be on a slightly higher end, but if you are able to stay grounded and accept a reasonable profit margin, we would consider it as a good buy. For 3 bedder resale, entry price is important. If you are able to find a good priced 3 bedder resale with good intrinsic features, that will be worth considering too.
Do let us know if you have any other questions we will be more than happy to answer them 😊
Cheers!
That's why I don't want to let go my 3 room HDB, becos the master room is big enough to put one queen size bed, one 1.5 meter wardrobe, one 1.5 meter desk, 2 1.2 meter cabinets + one book shelf. And I still have one standard size spare guest room, if shift to 3 room condo, my master room furniture need to occupy 3 bed rooms space already lol
Beggars nv enjoy luxury living before. 😂
Probably a big bubble
Small market 100 unsold units and market could slide
Don’t listen to these jokers
Just buy within means and live risk free
Quite annoying to heard the broken English.
Your comment is broken English itself...