your point on boutique project is very valid. i had bought and sold a unit for good profits but the selling part is hard. my advice for sellers of boutique units is this: make sure your agent not only has a track record but make sure he/she is willing to spend on marketing because no one is going to find them on propertyguru. of course, pay them the full comm. if you have a agent who's just waiting for people to call them on boutique projects, it's going to be a long long time
I nearly bought a shoebox unit too. But in the end, I chickened out. 😆 I checked the property guru and saw many nearby condo, just top, having sales for so long...then I realized, maybe it's not a good idea to flip a studio apartment after all. As for rental, it's also troublesome as it is only fit for one single THIN person, not a couple. 🥺 Perhaps, one can pay a bit more and get a 1+1 unit. Easy to sell and rent after no more Sellers Tax 😃
Glad to hear it! anyway. this is a very old video i took. wow. times really pass. when i see my old video. i always cringe. lol. but hope it help u in some way.
Thanks for your sincere advice! How do you think to buy a freehold boutique condo around novena to Balestier road ? Not expensive but still in city edge.
Bought a freehold boutique walkup apt that has been converted to co-living at Orchard, 500m to Summerset Mrt, 2 years ago. Gross rental yield is 5% and entry at 1.85k sqf. Generates 2k cashflow monthly if stretching loan to max duration. Rentability is good. The unit can convert back to 3 bedders but no facilities For the price, is the yield considered good? Orchard freehold has upside capital potential? Should hold or sell after 5-8 years? Thanks your video are educational and good quality
Curious on what's your view on the holding of capital of the first mixed development condo, Compass Heights! Would it be a good own-stay but an okay sell in 10-15 years time?
For those first timer this is a good buy as it is above the mrt station and prices 15 yrs ago means they have made very tidy profit due to property rally .
Property investing in Singapore is risky even for freehold property. Why? The (wide) base/bottom of the property market is HDB flats. When the very old flats start their rapid depreciation to zero in about 10-15 years time it will create an OVERHANG of thousands of unsaleable flats (and thousands more are added to it EACH YEAR as lease is used up). This will depress the ENTIRE property market for both sales and rental. The government has not found a solution to the problem. It announced VERS to be implemented in 20 years time. Details are not provided. The goverment just "kicked the can down the road". VERS will have the same (actually worse) problem than SERS. The govermemt acquires old flats based on their remaining lease but the price of new HDB flats are much higher. So often those who occupy the old flats cannot afford to upgrade to the new flat of the same size, especially for retirees. The government "quick fix" to the problem is to sell new flats with 50 year leases. This is also not a solution because the value of a flat with a 50 year lease will start to decline in 25 years (it is 75 years forva 99-year leasehold flat). This is a methematical certainty. The short lease flat will also be unsaleable after 20 years.
Private condo lease starts from the day the developer acquire the land. By the time it finish construction and about 5 years after top, it would be around 10 years old. By this definition, am I right to say we should avoid leasehold condo already past 20 years from lease commencement?
No. Usually from GLS to TOP usually 5 years. So left bal 95 years. Can make money from 99...many have make it too. All depend on entry n exit. Like play stock market..buy dbs when it drop n sell when it is high...same same....anyway, freehold are expensive. Some can buy. Some cannot...as not all projects are the same.
Yes. In a way. Avoid those more than 20 yrs old becos of depreciation lease...but u have to see the surrounding area too. Some like tanglin regency hold v well even old. Becos nearby newer one are selling for higher psf.
What do you think of the 2b2b around Tanah Merah esp Optima and the Glades for short term own stay with some hope of capital appreciation? 1.4k and 1.7k psf respectively
Orchid got enbloc potential...but u have to wait....rosewood is near mrt...if I have a 3rd choice. I go buy the just mop bto flats...after mop still can buy a condo across the causeway...
I will not buy penthouses in SGP. Esp one when the open terrace has no bathrooms. I had a friend who tried to sell his penthouse in clementi for 12 years. 😅😅😅
@@alanweeproperty exactly correct, Bro. The PH has super high monthly maintenance; more than double share of normal units. my friend's maintenance fees can service a studio apartment mortgage payment! He always tells us, how much regreted buying it; like you said, there were many curious viewers but in the end, only one check was handed to him during that 12 years' wait -- which of course, he quickly take it without bargaining !!! Lol 😆😆 He said, he was so happy to be rid of it and pass it on to the next 傻子. 😁😁😁 It is a FH condo between clementi rd and Holland Rd. Near to an army or police camp. Only one block; thus very high maintenance.... the condo looks so run down. I remembered the car park lights was not working when we visited him. Forgotten it's name, sorry, getting old ......... oh, I remembered it's on the same road as an international school there. Quiet and serene place ...no mall, no eateries so no pests like rats or cockroaches. 😋
@@alanweeproperty won't be enbloc lah. Max out space liao. Was a enbloc condo ground when my friend bought it. The developer built to max height. So no more enbloc lottery. Unless next time, garmen allows it to be 40th storey. 😋😋😋 But so unlikely bec nearby got army/police camp. 🔫 🪖
I don't have insider info on the enbloc. So I can't comment much. But at 1b plus RP...it is a tall order. If I am developer. I rather go for GLS where there is still local demand.
why do you say that the old 99 year condo got no chance of enbloc? need to wait a few years only ma? Also the Geylang properties you mentioned, are you talking about Rezi? I find those (esp Rezi 26, 35) reasonably priced and am curious on your opinion
@@axlcrush u can refer to my other video on 5 Types of Properties To Buy That Can Potentially Make Money here >>>ua-cam.com/video/LCP05vHvH0c/v-deo.html
@@axlcrush freehold also has to see what type n location. not all FH can buy. 99 years usually people encash out with a balance lease of 80 years +++ so not too old for the next buyers to sell n exit.
Which will you consider a fundamentally good project for new launch in D21 since Jardin and KAP perform badly? Daintree, verdale, forett pass the mark?
@@alanweeproperty we need to consider entry price too right? FH and big dev with 600+ units are good. But entry price around 2.2-2.4k psf and very cramped
@@PPI317 with land prices going at a higher price. Will the developer sell at a loss? some newer FH projects. i think still can enter at $2200-2400psf such as Terra Hill and thiam Siew site. these are popular area and FH new homes are far and few.
No quick answer on it. Some do well. Some not so. Mainly 2 reasons. 1. Covid 2. Property prices increase in recent years make most typical landed out of reach. So this segment fillfill it's need btw a condo and landed. 3. Design & tenure.
@@onglielie sorry i don't get your question? do u mean u plan to sub divide your condo into 2 studio units and rent it out for a higher yield and then plan to sell with tenancy so that the rental yield is more attractive?
@@alanweeproperty ok, just make it simple, for a sub divide condo into 2 studio, should one day i intend to sell, will it fetch higher selling price or lower compare to its original condition ? Thks
@@alanweeproperty To get rental income while staying. I could have rented out one room in a regular 3-bedder unit but both me and tenant would have lost privacy. A dual key unit seems to make sense?
your point on boutique project is very valid. i had bought and sold a unit for good profits but the selling part is hard. my advice for sellers of boutique units is this: make sure your agent not only has a track record but make sure he/she is willing to spend on marketing because no one is going to find them on propertyguru. of course, pay them the full comm. if you have a agent who's just waiting for people to call them on boutique projects, it's going to be a long long time
Thanks u. Must be the cheapest n most attractive priced. Investors choice at the begining but nightmare towards the end...
I nearly bought a shoebox unit too. But in the end, I chickened out. 😆
I checked the property guru and saw many nearby condo, just top, having sales for so long...then I realized, maybe it's not a good idea to flip a studio apartment after all. As for rental, it's also troublesome as it is only fit for one single THIN person, not a couple. 🥺
Perhaps, one can pay a bit more and get a 1+1 unit. Easy to sell and rent after no more Sellers Tax 😃
That song 我问天 always reminds me of my dear, late mother, lol, she kept watching repeats and the tune was deeply ingrained in my mind.
solid. Can you make more videos as it is really educational and adds value to my investing journey.
Remember also add value to me hor...😁
Agree. I recently found your channel and enjoy to watch. Educational for my learning journal too. Pls do more. Thanks.
I like your frank and honest sharing! I learnt quite a bit today.
Glad to hear it! anyway. this is a very old video i took. wow. times really pass. when i see my old video. i always cringe. lol. but hope it help u in some way.
Good insight. Still relevant even with ridiculous ABSD increases.
Ur presentation is Unique & Funny!😂
thank u. i hope u enjoy it.
Most important ones are those at bad locations, with no amenities at all
Thank u for watching. I realise this old video does very well. Maybe it's time to refresh its content.
Think as you mentioned if you go in at a high price with no exit strategy then the probability of making money is slim.
Yes. Those that fail to plan. Plan to fail.
Thanks for your sincere advice! How do you think to buy a freehold boutique condo around novena to Balestier road ? Not expensive but still in city edge.
Depend on project n prices.
Bought a freehold boutique walkup apt that has been converted to co-living at Orchard, 500m to Summerset Mrt, 2 years ago. Gross rental yield is 5% and entry at 1.85k sqf. Generates 2k cashflow monthly if stretching loan to max duration. Rentability is good. The unit can convert back to 3 bedders but no facilities
For the price, is the yield considered good? Orchard freehold has upside capital potential? Should hold or sell after 5-8 years? Thanks your video are educational and good quality
Depending on your housing needs. If can profit. Max n move on n reinvest.
Great insights, thx for sharing!
U welcome
Quite entertaining keep it up 🎉
Thanks, will do!
Curious on what's your view on the holding of capital of the first mixed development condo, Compass Heights! Would it be a good own-stay but an okay sell in 10-15 years time?
i havent really look into it. sorry. what do u mean? u buy first property there n hold?
For those first timer this is a good buy as it is above the mrt station and prices 15 yrs ago means they have made very tidy profit due to property rally .
Property investing in Singapore is risky even for freehold property. Why? The (wide) base/bottom of the property market is HDB flats. When the very old flats start their rapid depreciation to zero in about 10-15 years time it will create an OVERHANG of thousands of unsaleable flats (and thousands more are added to it EACH YEAR as lease is used up). This will depress the ENTIRE property market for both sales and rental. The government has not found a solution to the problem. It announced VERS to be implemented in 20 years time. Details are not provided. The goverment just "kicked the can down the road". VERS will have the same (actually worse) problem than SERS. The govermemt acquires old flats based on their remaining lease but the price of new HDB flats are much higher. So often those who occupy the old flats cannot afford to upgrade to the new flat of the same size, especially for retirees. The government "quick fix" to the problem is to sell new flats with 50 year leases. This is also not a solution because the value of a flat with a 50 year lease will start to decline in 25 years (it is 75 years forva 99-year leasehold flat). This is a methematical certainty. The short lease flat will also be unsaleable after 20 years.
You are very insightful. Why don’t you start a UA-cam channel?
Song song kau Jurong!👍👍
Private condo lease starts from the day the developer acquire the land. By the time it finish construction and about 5 years after top, it would be around 10 years old. By this definition, am I right to say we should avoid leasehold condo already past 20 years from lease commencement?
No. Usually from GLS to TOP usually 5 years. So left bal 95 years. Can make money from 99...many have make it too. All depend on entry n exit. Like play stock market..buy dbs when it drop n sell when it is high...same same....anyway, freehold are expensive. Some can buy. Some cannot...as not all projects are the same.
Yes. In a way. Avoid those more than 20 yrs old becos of depreciation lease...but u have to see the surrounding area too. Some like tanglin regency hold v well even old. Becos nearby newer one are selling for higher psf.
What do you think of the 2b2b around Tanah Merah esp Optima and the Glades for short term own stay with some hope of capital appreciation?
1.4k and 1.7k psf respectively
have to study each property in specific. i havent really look into them.
This video is good, thank you.
This is an old video. Not very well done. Hope it content serve it's purposes.
For 99y condos, what abt Laguna Park / Mandarin Gardens?
Prices shoot up alot. Becos of the east coast plan....
Considering Rosewood Condo vs Orchid Park for own stay. Which is a better buy?
Orchid got enbloc potential...but u have to wait....rosewood is near mrt...if I have a 3rd choice. I go buy the just mop bto flats...after mop still can buy a condo across the causeway...
I will not buy penthouses in SGP. Esp one when the open terrace has no bathrooms.
I had a friend who tried to sell his penthouse in clementi for 12 years. 😅😅😅
Wow. Which project is that? West coast area? I believe that kind of prices can easily buy a landed. That why no SC will buy PH n pay high maintenance.
@@alanweeproperty exactly correct, Bro. The PH has super high monthly maintenance; more than double share of normal units.
my friend's maintenance fees can service a studio apartment mortgage payment!
He always tells us, how much regreted buying it;
like you said, there were many curious viewers but in the end, only one check was handed to him during that 12 years' wait -- which of course, he quickly take it without bargaining !!! Lol 😆😆
He said, he was so happy to be rid of it and pass it on to the next 傻子. 😁😁😁
It is a FH condo between clementi rd and Holland Rd. Near to an army or police camp. Only one block; thus very high maintenance.... the condo looks so run down. I remembered the car park lights was not working when we visited him.
Forgotten it's name, sorry, getting old .........
oh, I remembered it's on the same road as an international school there. Quiet and serene place ...no mall, no eateries so no pests like rats or cockroaches. 😋
he shouldn't sell it leh. what if it goes enbloc! he can easily pay for a Semi-D in Leedon vicinity? @@buffalo369
@@alanweeproperty
won't be enbloc lah. Max out space liao.
Was a enbloc condo ground when my friend bought it. The developer built to max height. So no more enbloc lottery.
Unless next time, garmen allows it to be 40th storey. 😋😋😋
But so unlikely bec nearby got army/police camp. 🔫 🪖
Hilarious and Informative. 👍
Thank u. I hope you enjoy it.
How about The Reserve Residences in D21? The psf for 1 bedder seems very high........worth to buy for investment?
i think more cheque than units available.
Is people park centre shops a good buy due to enbloc potential, and do you think it will enbloc? (it failed once) Thanks in advance.
I don't have insider info on the enbloc. So I can't comment much. But at 1b plus RP...it is a tall order. If I am developer. I rather go for GLS where there is still local demand.
Can you please share the Types of HDB Flats You will not consider to invest in?
Hdb is for own stay leh...not for investment. buy something that suit your needs n budget.
Is City Loft freehold condo good for investment?
I never really study this project...
why do you say that the old 99 year condo got no chance of enbloc? need to wait a few years only ma? Also the Geylang properties you mentioned, are you talking about Rezi? I find those (esp Rezi 26, 35) reasonably priced and am curious on your opinion
Did I say that? I think I am referring to those not very old condo yet. Anyway. No comments on those u mention. I never look into them yet.
ahaha because you said 20+ years old, which means after TOP + someone living in there for 15 years it already becomes old@@alanweeproperty
oic....sorry. i have forgotten the content. this is a pretty old video. it really depends on projects. some doing well. some so so... @@lishr4536
Then only left 10 year and younger lease hold properties and freehold?
U mean what about 10 years old, 99 years leasehold property and freehold property? Can consider to buy?
@@alanweeproperty Yup, by elimination only these properties should be considered?
@@axlcrush u can refer to my other video on 5 Types of Properties To Buy That Can Potentially Make Money here >>>ua-cam.com/video/LCP05vHvH0c/v-deo.html
@@axlcrush freehold also has to see what type n location. not all FH can buy. 99 years usually people encash out with a balance lease of 80 years +++ so not too old for the next buyers to sell n exit.
Which will you consider a fundamentally good project for new launch in D21 since Jardin and KAP perform badly? Daintree, verdale, forett pass the mark?
Definitely is forett becos it's freehold n big development.
@@alanweeproperty we need to consider entry price too right? FH and big dev with 600+ units are good. But entry price around 2.2-2.4k psf and very cramped
@@PPI317 with land prices going at a higher price. Will the developer sell at a loss? some newer FH projects. i think still can enter at $2200-2400psf such as Terra Hill and thiam Siew site. these are popular area and FH new homes are far and few.
What do you think of lilium and Gazania?
Depend on your entry prices. If u enter high. U get high!
What about cluster houses .?
No quick answer on it.
Some do well. Some not so. Mainly 2 reasons.
1. Covid
2. Property prices increase in recent years make most typical landed out of reach. So this segment fillfill it's need btw a condo and landed.
3. Design & tenure.
How abt simsville
Buy for affordable own stay if u don't mind depreciate lease..
I intend to make it 2 studio for my condo for rental, do u think $ will appreciate more ?
If intend to sell
@@onglielie sorry i don't get your question? do u mean u plan to sub divide your condo into 2 studio units and rent it out for a higher yield and then plan to sell with tenancy so that the rental yield is more attractive?
@@alanweeproperty ok, just make it simple, for a sub divide condo into 2 studio, should one day i intend to sell, will it fetch higher selling price or lower compare to its original condition ? Thks
@@onglielie Unlikely, unless your condo is target at investors.
Holland Residences, can buy or bye-bye? Pls comments
Thank you.
I haven't really study it. But it's in a good location.
Hi Alan, what about dual-key condo units?
Can. If u plan to rent out that studio side n can live with that remaining side.
@@alanweeproperty just worried about saleability and price appreciation of dual-key units.
@@shaunleely this boils down to project n location....n others...
@@shaunleely curious why are u looking at duel key?
@@alanweeproperty To get rental income while staying. I could have rented out one room in a regular 3-bedder unit but both me and tenant would have lost privacy. A dual key unit seems to make sense?
❤❤❤❤❤❤❤
Thank you for watching this legacy video.. 😆
没有卖不掉的房子只有卖不掉的价钱
U r not consider unlucky number ?
我问天😂
Hahahah..Some will be asking why..that why I think of this song.