Using the 2br as an example, BSD for 1.26M is 35k. Seller agent commission of 2% for 1.56M is 31K. The net profit should be minimally 60K off the gross profit (shown as abt 31k in ur 2br example), even without legal fees, cpf or bank interest.. ? pls correct me if i am wrong. ..
@peacemakerz2378 I did not question it's profitability. The calculations can be more accurate though. Not every launch will be as profitable as Clavon, so realistic calculations give a better sense of breakeven first, then profitability
Yes, for those ppl buy reserve residence with 4 or 5 mil i really don’t understand, beauty world lei? Last time very ulu! I think it I were them , I would rather buy inter Terrance
Does it make sense for a young couple to go for EC at Tengah as first property or resale/new launch condo straight? Current combined 12k, but hitting 21k next year. Thank you!:)
Hi Eric, would you still advise me to go for your one-on-one consultation if I'm only looking to invest in one condo? My budget is also limited, at around $1.3 million.
It’s not a good reference coz most resale condo appreciate higher than this new 2021 launch over the last 3 years. For example, Bartley Ridge increase 35%++ easily over the last 3 years, it’s machap free stay and makes more money. New launch still has its perks though, lesser capital layout in monthly mortgages
Is it better to buy an investment property to hold for rental or is it better to just buy new launch and flip every TOP? My unrealized profit from my current property is around $2million. we are thinking of selling it and then buying 1 for own stay and 1 for rental. But if I do the new launch strategy, we can have a bigger fully paid property for living and then just keep doing bank loans for the new launch property.
Private affordability ratio is at 13. Although so many property agent try to convince me that the 20% are the top income earners, I choose to believe that it is due to the entry price then vs now. Thus with the increase in gross income due to inflation, the affordability accelerated. If you enter the current market as a HENRY, there is no way you can hit 13, overpaying for the property.
Hi Eric, thanks for your video. To me, you have only proven you can make big money if you buy a property at a good timing. Not so based on location. Let me tell you, if you were to buy an average property during Covid, you will also make big money. I challenge you to repeat this feat based on buying now and sell it 3 years later in 2027, on a good location property.
@@chinchowpowpookActually I have been watching Eric's videos for sometime now I must say he has a very good metric system to identify good properties. I would personally recommend his methods. Having said this, you can earn big bucks in the last 15 years eversince the financial crisis in 2008 because we are in a rising market. However, the prices are peaking now, and the margins are getting thinner, therefore more difficult to find a good one. But it's still profitable in Singapore.
Guys During that period Almost all New launches made money (exceptCCR) THE MAIN REASON IS ENTRY PRICE That's why i am keep commenting Now NEW EC You buy don't expect to make money in next 5yrs Forget about CONDO altogether Entry price is what matters Whether its New or resale Good luck
Hi Eric, thanks for sharing 💯 Don't we need to account for the principal/outstanding loan that we have to return to the bank (on top of the interest you mentioned) ?
Hi Eric, thank you for your videos. Very insightful with a twist of local humour. Can you share about new launch ECs profit/loss(if there is) and show us how you analyse the profits. Interested to learn!
oh ya Eric, do you have any idea on how people who uses sole proprietorship to evade tax and CPF to take loan? The bank ask me to SF with giant amount and when I show they ask where my money come from sia
@@savvyericchiew I see. Then agent fees will apply regardless whether you bought a new launch or resale. Hence it’s inconsequential when comparing how profitable a new launch would be compared to resale isn’t it?
Wonderful video Eric. I understand you are a strong advocate of properties near mrt. However these projects have appreciated a lot over the last 3 years while those that is not near mrt has not appreciated that much. I am wondering on your views of upside potential of such projects, ie could it come to a point that you may make more than those beside mrt.
Market is cyclical. Nothing goes up forever. For SG property to rise continuously, local salary must keep up. If everyone thinks of buying to sell later, soon there will not be enough liquidity so sustain. The current private condo rental market is the best example. Definitely not the best time to sink into over price new launches today
Eric will u do a video on popular or good condo launch prior or on the day they launch. I feel u are dam good in your video. If u can do that be good because potential buyer can save making mistake and need to withdrawal decisions then lost 1/4 deposit
Hi Eric, I love all ur videos it's funny and very informative. But there is something fishy with this spreadsheet u shared and I downloaded. I accidentally input psf is at 0% increase price, then the nett profit is only -2% agent fee... The nett profit should also deduct the Stamp Duty, interest lost, lawyer fees etc to reflect the correct nett profit. Cause these cost not recoverable and if I sell same price or higher price hor, I already lost these amount.. so the formula should hor takes into account these cost in nett profit. 😢
@@savvyericchiewBy right most of the other examples of new launch condos would have ridden the covid wave. Amo, etc. Except for condos launched in 2024 where covid effect is truly over. But we'd have to wait three years later to analyse the earnings.
easy to make gains when the entry price was lower then - definitely hindsight. but looking ahead, most of the developers are going to price their properties from 2200/psf and beyond - are we still going to see 14-40% ROI ? Or will resale be a better hunting ground now....?
@@savvyericchiewI thought Eric u don’t want to be friends for those stay Ki residences 😂 your review rated until v “cui” . But guess no matter how cui the projects launched in 3- 4 years ago all huat kueh . Luckily I got myself Penrose
@@Coolwater_TEDwhat eric meant was, at that time, there were launches that could potentially made more money. If u bought ki resi vs clavon, u down less money and got higher % returns.
@@savvyericchiew can elaborate? Don't worry i have not bought yet. Just look see and saw that condo for $1.4k psf quite difficult to find liao these days
🔥 Upcoming property webinar "How to choose the right new launch and profit 20% and more"
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Using the 2br as an example, BSD for 1.26M is 35k. Seller agent commission of 2% for 1.56M is 31K. The net profit should be minimally 60K off the gross profit (shown as abt 31k in ur 2br example), even without legal fees, cpf or bank interest.. ? pls correct me if i am wrong. ..
Yes this is correct. But still make money isnt it?
@peacemakerz2378 I did not question it's profitability. The calculations can be more accurate though. Not every launch will be as profitable as Clavon, so realistic calculations give a better sense of breakeven first, then profitability
Many ppl use your way to calculate returns. My method is how much money I use to make the final returns.
Go for fixed rate selling agents, since its TOP. Not much staging needed 😉
Just a flat fee of $4999?
@wwc7134 thanks ! That's an idea worth exploring !
Thank you Eric for the video, informative and good! Looking forward to Norwood analysis, just got a flyer recently haha.
Will review soon 👍
because this was launch before 2021. new launch price didnt jump that high
Yes this is special cos it’s Covid period. Will do more examples soon 👍
@@birdangry4835 u wait for The Reserves. Launched in 2023. Will huat super big for buyers
Grandeur Park Residences versus other projects around Tanah Merah mrt?
Too many condos in that area 🥲
Hi Eric! with 3.5M budget is 4BR RCR new launch better or 2 properties: 1 3BR RCR new launch + 1 3BR OCR resale?
2 is good 👍
What is yor take on Tenet EC which u review previously?
I have reviewed 😅 all of them will profit after MOP 👍
U going to buy the bounced out unit?
@@wynn8888 nope, I bought earlier already
Based on clavon and Parc clementis recent transaction,is it a good entry price now for 2B2B with a 1.6M budget
I will go for 3br ocr 👍
👍for westie. Are ocr condo near lakeside mrt worth looking at?
Hi Eric, just wondering if The Tre Ver is worth buying now for 2B2b? 😊
🤢🫣😫
Hi Eric. What do you think of the garden residence
🫣😫🤢
@@savvyericchiew not recommended to buy now and sell back in like 2032?
@@shinism-7546 there are better ones
With new launches at current high psf, buyers should seriously consider FH/999 year inter terrace if they need the size.
I agree! 💯
Yes, for those ppl buy reserve residence with 4 or 5 mil i really don’t understand, beauty world lei? Last time very ulu! I think it I were them , I would rather buy inter Terrance
Hi Huat Kueh, any idea when Penrose will be TOP?
I heard very soon 👍
heard will be Oct/Nov 🏡
Does it make sense for a young couple to go for EC at Tengah as first property or resale/new launch condo straight? Current combined 12k, but hitting 21k next year. Thank you!:)
21k is meant for 2 condos. Can consider to buy 1 by 1. Well done!!
So like as investments, 2 OCR resale condos would be better than new launch EC? 1 this year, 1 next year?
@@cheebinnie yes 👍
Hi Eric, Thank you for the videos, can i have the excel link to calculate? TIA.
Will do up the link soon
@@savvyericchiew thanks ahead. looking forward to the excel link please.
Hi Eric, would you still advise me to go for your one-on-one consultation if I'm only looking to invest in one condo? My budget is also limited, at around $1.3 million.
1.3m can potentially get a good resale 3br. I will guide and shortlist the best you can go for in my 1-1 👍
How much is your 1-1 Sir?
@@TSWL962 My team will send you 1-1 info here bit.ly/savvywa
Hi Eric i wonder if Eight @bukit Timah will be a good investment?
I’m doing the review right now 😆
Hi Eric, am thinking of buying Sengkang grand residences 3B2B for own stay. Is it good? Thank you.
Depends on your entry price
@@savvyericchiew High floor $2.25m for 1012 sqft. Is it worth it? Thank you!
@@savvyericchiew How about high floor 1012 sqft $2.25m? Thanks.
how much do you think the % annualised gain will be if we excluded covid-19 effects for a std 3br?
My guess is 20%. I can do a few more examples 👍
Great content! Thanks for the analysis! 👍
🥂🥂
It’s not a good reference coz most resale condo appreciate higher than this new 2021 launch over the last 3 years. For example, Bartley Ridge increase 35%++ easily over the last 3 years, it’s machap free stay and makes more money. New launch still has its perks though, lesser capital layout in monthly mortgages
Congrats to your Bartley Ridge! 🥂🥂
Nothing much compared to your landed. Congrats to you too 🎉
@@clarencelai4143 😊
Is it better to buy an investment property to hold for rental or is it better to just buy new launch and flip every TOP? My unrealized profit from my current property is around $2million. we are thinking of selling it and then buying 1 for own stay and 1 for rental. But if I do the new launch strategy, we can have a bigger fully paid property for living and then just keep doing bank loans for the new launch property.
You are giant Huat kueh! Well done
Private affordability ratio is at 13. Although so many property agent try to convince me that the 20% are the top income earners, I choose to believe that it is due to the entry price then vs now. Thus with the increase in gross income due to inflation, the affordability accelerated. If you enter the current market as a HENRY, there is no way you can hit 13, overpaying for the property.
😆😆
Hi Eric, thanks for your video. To me, you have only proven you can make big money if you buy a property at a good timing. Not so based on location. Let me tell you, if you were to buy an average property during Covid, you will also make big money. I challenge you to repeat this feat based on buying now and sell it 3 years later in 2027, on a good location property.
Will do more examples soon 🥂
Sounded like u missed the boat and trying to prove meaningless stuffs
@@chinchowpowpookActually I have been watching Eric's videos for sometime now I must say he has a very good metric system to identify good properties. I would personally recommend his methods. Having said this, you can earn big bucks in the last 15 years eversince the financial crisis in 2008 because we are in a rising market. However, the prices are peaking now, and the margins are getting thinner, therefore more difficult to find a good one. But it's still profitable in Singapore.
@@ThePropertyBean eric been challenging and winning for over 10yrs.
Eric, do one for Parc Clematis leh. Will love your insights
Was thinking what to do next 👍
Guys
During that period Almost all New launches made money (exceptCCR)
THE MAIN REASON IS ENTRY PRICE
That's why i am keep commenting
Now NEW EC You buy don't expect to make money in next 5yrs
Forget about CONDO altogether
Entry price is what matters
Whether its New or resale
Good luck
EC makes good money too 👍
Can emerald of katong (easily) exit with a selling price ard 3k psf 3 to 5 years later? 🎉
Everything is possible but still highly depends on launch price and size of unit 👍
Wish to seek advice if Tembusu Grand a good project?
Watch my review and just note that Kong Hwa Pri is not within 1km anymore
Can still buy clavon now?
No mrt 🥲
So aga aga for 55% how much % lower roi?
Should be 25% lesser
Please share excelsheet for us to huat under new launch
Sure
I 'm really enjoy watching your review and sharing. Looking forward to receive your excel sheet. BTW, could you kindly review the Norwood Condo?
Download in the description. Will review Norwood soon 👍
Is it still worth to pay ABSD for 2nd property?
No x 100 times ☠️
Hi Eric, thanks for sharing 💯 Don't we need to account for the principal/outstanding loan that we have to return to the bank (on top of the interest you mentioned) ?
I have factored that in too 👍
Hi Eric, thank you for your videos. Very insightful with a twist of local humour.
Can you share about new launch ECs profit/loss(if there is) and show us how you analyse the profits. Interested to learn!
It will be cool to show hundred palms EC. It should be the highest record profit. Let’s do it in December when they MOP 👍
Excellent info. Sounds exciting . I would like to have the excel spreadsheet.
Sure
Thanks
Eric, 8@BT can buy or not?
Will review very soon 👍
oh ya Eric, do you have any idea on how people who uses sole proprietorship to evade tax and CPF to take loan?
The bank ask me to SF with giant amount and when I show they ask where my money come from sia
As long you can show funds from reliable source will do 👍
0:02 you don’t have to pay agent fees when you buy a new launch.
Oops I’m referring to selling 😆
@@savvyericchiew I see. Then agent fees will apply regardless whether you bought a new launch or resale. Hence it’s inconsequential when comparing how profitable a new launch would be compared to resale isn’t it?
@@just.for.the.downshifts will do a resale comparison soon
@@savvyericchiew looking forward to for that 👍
Hope to have the excel sheet! Thanks Eric for the sharing!
Sure will do the link up soon!
Hi Eric, can you share your excel sheet with me? or anyone with the excel sheet can share with me please?
In the description 👍🏼
How to enroll your 1 on 1 ?
Happy you are upgrading. My team will send you 1-1 info here bit.ly/savvywa
Please share the excel. We'd like to have it! Thank you!
Sure let me tidy up and put in the next video 👍👍
@@savvyericchiewtq, I waiting too 😊😊❤❤
I hope to have the excel sheet too. ☺️Very good video and thank you for sharing👍
Try this bit.ly/newlaunchroi
Wonderful video Eric. I understand you are a strong advocate of properties near mrt. However these projects have appreciated a lot over the last 3 years while those that is not near mrt has not appreciated that much. I am wondering on your views of upside potential of such projects, ie could it come to a point that you may make more than those beside mrt.
It’s all about entry price 😆
need to minus stamp duty?
I have factored in
@@savvyericchiew I thought stamp duty easily 70k if the buying price is above 1.5m ?
@@linweikiatable if 1.5m shd b ard 50k?
Market is cyclical. Nothing goes up forever. For SG property to rise continuously, local salary must keep up. If everyone thinks of buying to sell later, soon there will not be enough liquidity so sustain. The current private condo rental market is the best example. Definitely not the best time to sink into over price new launches today
👍👍
Eric will u do a video on popular or good condo launch prior or on the day they launch. I feel u are dam good in your video. If u can do that be good because potential buyer can save making mistake and need to withdrawal decisions then lost 1/4 deposit
Thank you so much for your kind words. No matter what I do, there will still be buyers for bad projects 😆
Hi Eric, I love all ur videos it's funny and very informative.
But there is something fishy with this spreadsheet u shared and I downloaded. I accidentally input psf is at 0% increase price, then the nett profit is only -2% agent fee...
The nett profit should also deduct the Stamp Duty, interest lost, lawyer fees etc to reflect the correct nett profit. Cause these cost not recoverable and if I sell same price or higher price hor, I already lost these amount.. so the formula should hor takes into account these cost in nett profit. 😢
Sadly due to many users changing all my formulas and now is corrupted. I’m doing a new version 👍
Please do more of these, especially amo. thank you
Sure!!
Please do Penrose which is going to TOP soon latest Oct 2024! 🙏
Sure!!
Able to do an inflation adjusted price for the past 3 years?
Wow this is interesting idea!
@@savvyericchiew ya. Still make, but how much has the high inflation for the past few years erode that gains away. Would be nice to know also
10:10 "the more you put in, the return is a lot higher". Do you mean the more you put in, the return is less in terms of percentage?
The bigger the size, makes more in returns.
Very good video. Can u share the spreadsheet link. Hope to see more of such motivating video on new property launch as an investment
Try this bit.ly/newlaunchROI
@@savvyericchiew
The link seems to be not valid anymore..
@@jonrebec try again should be ok now
Will be good if can also take into account the covid effect causing prices to shoot up during those covid years, which may not happen again.
Will do more examples 👍
@@savvyericchiewBy right most of the other examples of new launch condos would have ridden the covid wave. Amo, etc. Except for condos launched in 2024 where covid effect is truly over. But we'd have to wait three years later to analyse the earnings.
@@CharlotteTan-yl5xm yes I will keep doing it 👍
Agree with Charlotte. Post covid the score for most projects for entry price will be cui irrespective of the project...
Would like to hear your view on Parc Clematis too😊
Got good school lor 😆
easy to make gains when the entry price was lower then - definitely hindsight. but looking ahead, most of the developers are going to price their properties from 2200/psf and beyond - are we still going to see 14-40% ROI ? Or will resale be a better hunting ground now....?
I will do videos on resale and also comparing more new launch projects returns 👍
@@savvyericchiew ups for you! thank you!
you may do KI residences, quite impressive for a 999LH project
Sure!
@@savvyericchiewI thought Eric u don’t want to be friends for those stay Ki residences 😂 your review rated until v “cui” . But guess no matter how cui the projects launched in 3- 4 years ago all huat kueh . Luckily I got myself Penrose
@@Coolwater_TEDwhat eric meant was, at that time, there were launches that could potentially made more money. If u bought ki resi vs clavon, u down less money and got higher % returns.
@@Coolwater_TED happy all made profits! Congrats to your Penrose too!
@@wwc7134 indeed
Can share the excel please.
Will do up the link 👍
you didn't count in the stamp duty
Factored in Liao
That is reflected in DP?
@@rachelteo2286 yes 👍
Eric u “allergic to mrt ar?!” Haha why Clavon so far from mrt u recommend?
I’m not allergic to money 😆😆
Hi Eric, i am looking at parc riviera 4br. Can buy? Tks
No mrt 🥲
Which upcoming launch is good?
My top 3 coming soon 👍
I look forward to it. 🙂
Hi Eric, thanks for the insightful video. However I was wondering if The Tembusu (freehold) 2b2b is worth buying at this day and age? 😅
🫣😫🤢
Hi Eric, any video on new launch at Lor Chuan or Toa Payoh condo pls? is it worthwhile or hard to exit if indicative price is $2.6K - 2.8K/psf?
Chuan Park should be mid Oct and TPY in early 2025. Will review both soon 👍
Eric… do one for Florence Residences leh…
Sure I think should be easy
the workmanship in this project is not so good, like EC feel in last time
affinity maybe considered too ya
What do you think of Casa Merah resale at Tanah Merah for $1.4m 2 bedroom 947 sqft?
😫🫣🤢
@@dingpeng2317 huh? You mean Sceneca residence? I thought that one starting already $2k+ psf?
@@savvyericchiew can elaborate? Don't worry i have not bought yet. Just look see and saw that condo for $1.4k psf quite difficult to find liao these days
@@xxxcool2565 I’m not a fan of Tanah Merah area. I shared my views in Sceneca new launch. Check it out
Thank you
👍👍
Thanks Eric! Super insightful. Can you please do an analysis of Emerald of Katong?
Will review soon
Normanton park pls thank u!
Sure will do soon
Good content! Pls share the excel. 😊
Will do up the link 👍
Hi Eric, my name is Calvin!
Calvin the Huat!
After covid stil can earn this much? :)
Everything is possible 👍
Please share with us the good stuff. 😂
Sure will tidy up and create a link soon 👍
800k sia like strike toto
All Calvin strike TOTO! 🙌🏼🙌🏼
show lousy new launch condo, sure very funny
Any suggestions 😆