[ Business Profile ] •\tName: Adrian Heng | Business Alias: Kaizer Heng •\tFounder/Author of Kaizer Home Advisory •\tAgency: Huttons Asia Pte Ltd | L3008899K •\tTitle: Associate Marketing Manager | R067900C
[ Vision & Purpose ] Cost of Living in Singapore has been raising every year, Food, transport, child care expenses and property prices too, are no exception. How can we still build and accumulate wealth amidst high inflation?
Building wealth via property is one of way to do it However, embarking on this journey can also be overwhelming, There are abundance of misinformation and deception in the market place
Over here at [Kaizer Home Advisory], I'll provide you with authentic tips and guidance Exposing and debunking myths To help you make informed decisions and achieve your 7 Figures Net-worth! So, let's begin this exciting adventure together!
Hi, 1) what are your views on the fact that so many of the 1st owners' entry price are so much lower than us buying as 2nd owner? Whereas for new launch, the disparity is at least not that big. 2) would buying mop ec still be the strategy if not buying for ownstay? Buy for investment. Thanks
Hi Yee Long! 1. The main reason is that ECs are "subsidized" by the government but buyers have to pass all the eligibility tests and restrictions (5-yr MOP) to "enjoy this cake". Whereas for private new launches, there is no restriction, you can flip after 3 years of SSD. In short, EC 8 yrs gap VS private new launch 3 year gap, of course the gap will seem big to us. 2. Personally, I will do it with my wife because it has been proven to yield higher gains with lower upfront costs. But this strategy isn't so prevalent in the marketplace because no one talks about it. (If you know, you know)🙂
Thanks for the insightful video! Your analysis is very clear and in structure manner. I’m interested in Tampines ave 11 mixed development project as well as the EC nearby. Will you consider to cover Emerald of Katong?
Hi! I'm assuming your actual question should be "Can a 20-year-old resale EC still make money?" If you are not concerned about making a profit, purely buying for own stay, then I think it is perfectly fine to go for it as long as it meets your family's needs.😁
@@brunog6151 Just my 2 cents, anyone is open to disagreeing ya. 1. A 20yrs property + another 10 years of you staying in it, that would make it 30 years old. What makes it so special for the next buyer to consider buying over a 3 decade old property? 2. You definitely need to spend money on renovation, for an "aging" property, that's a sunken cost that will eat into your profit (if there's any). 3. I'm certain there is still a group of "first owners" who have entered at extremely low PSF and have not sold yet. What is your entry price gap vs theirs? How big is the gap? 4. 10 years down the road, all properties will rise in value due to asset inflation, you will sure see gains but it won't be as much as the newer one. Consider reaching out to me at 83399403, and we can work on your case privately. 🙂
Do consider other factors like human traffic in a development. In my observation, most ECs are very crowded. Do have a house visit on a weekend and one will still notice a tad difference between EC and private condo. For families seeking for liveability, 300-450 units project will be a decent consideration.
Hi there! Thanks for bringing that up! It is true because most ECs are long-term, own-stay options for families. So we do expect to see a higher human traffic. Very much like the example I used, we will see more people in the night market than in a fancy restaurant :)
Hi there! Thanks for the compliment! Sol Acres is one of the best hidden gems in the West. One of our clients upgraded to a 3-bedder in last year Dec, and now it's up $100,000+ already 😎
But if i buy an EC now that was built in 2019, it means i have to sell by 2029 or else its "older" than 10 years old already and becomes unattractive to the next buyer?
Hi Aloysius! That's a solid question and a potential concern for myself too! It's not so much about the "age" of the project but rather the entry price gap between you and the first owner. I will make an in-depth video addressing this!
Hi John! Thanks for the question! 🙂 I have an upcoming video for Hundred Palms because so many of my clients are waiting for it to reach MOP! Stay tuned for it!
Exactly the topic I was waiting for 😀. Bought a resale sol acres 3 bedder this year as that's one of the 'lowest' quantum for a relatively new development (5-10 years old) in west area. Bought in at around 1400 psf. By year 2030, will we be expecting 1800 psf & above with the disparity gap of new launch OCR condos? (For sol acres; comparing to the arden nearby at 1km which is already at around 1700psf before top) Thanks and btw, enjoyed your presentation, topics and had subscribed. 🎉
No, i seriously dont think so. The reason why prices continue to go out modestly because sellers had holding power. The only way sellers will slash prices os when sg became like china situation or serious worldwide recession.
Hey mate! Thanks for raising this question! It is a valid concern among all of us. If this scenario occurs: 1. Affordability will be the first to suffer. Loan amounts will be further reduced as banks adjust their stress-test levels to ensure "prudent borrowing," requiring buyers to pay more cash upfront. 2. Higher mortgage installments will deter most buyers from purchasing and delaying their upgrading plans. This combination will undoubtedly dampen demand. From the government’s perspective, the last thing they want is for the property market to collapse and homeowners to be forced into fire sales due to "high interest rates." They might consider easing some cooling measures to help boost and recover demand during tough times. In short, prices might not go up as fast and will not crash either.
Property prices will still go up ,reason inflation ,costly manpower ,steel,cement,pipe,wiring,glass,landscape,war ,climate disastrous all these add up ,now u understand even future young generation cannot afford a roof on top their head 😢😢
Yes you're right. Those are inevitable. Even nowadays u no longer see agents preaching on sell HDB and upgrading to condo without topping cash. The gap is simply getting wider. Even for myself, upgrading and owning a private property will be much harder in the future.
5:00 lake life and sol acres are ec so not apple to apple. Even if you buy north gaia today sure huat also. Basically there is zero ec that don't huat.
You're right, it is not an apple-to-apple comparison. However, in the eyes of upgraders and interested buyers, they only care about the affordable quantum/entry price that appeals to them. Whether it was an EX-EC or private property, it was not much of a deal to them because both had identical facilities and attributes of a condo. Take a look at Riverfront Residences and Treasure at Tampines, for example, both are located far away from the MRT station and still manage to be very profitable with zero loss. All I wanted to convey is that if the entry price is sufficiently appealing, people are willing to compromise on being a bit further from the MRT.
Like this condensed informative video! How will you comment for Northwave resale buy? Being not in most convenient location but generous liveable spacious space for exiting to most families. Do you think Championway will effectively support the district PSF growth soon?
Thanks for the kind words! I'm assuming you are eyeing the 3-bedders around $1.3m at Northwave EC. 1. Putting the MRT factor aside, I think this is a great option for family-upgraders because of its decent layout + big space at digestible quantum. 2. Northwave EC just hit its 5-yr MOP, as of June 2024, there were only 9 units of 3bedder exchanged hand; though volume is low we are expected to see more transactions happening. 3. Even though the first-owner bought at around $7xxk - $8xxk and you are entering at $1.3m, I believe there is still plenty of room for price growth. 4. In my opinion, Championway is expected to launch at around $20xx - $22xxpsf, this could likely divert some buyers with a limited budget to find "cheaper alternatives", stimulating the district PSF growth in the resale condo segment. (However, it's gonna take some time to see the spillover effect) I'm more than happy to work with your family in this upgrading case, feel free to contact me at wa.me/6583399403
What a wholesome analysis! 👍 Northwave seems to be sitting in the category of 'quietly on high performance potential' being low profile but with great value. Given the lowest possible entry price in decent location (red line to CBD, not geylang), spacious for HDB upgraders and dwellers, upcoming NSC, RTS, TEL, direct city bus for greater connectivity forward.
@@dreamlify8 My man! I gotta give credit to your awesome foresight! The public perception seems to be "brainwashed" if a project isn't near an MRT station, it's not good. This is why hidden gems like Northwave often go unnoticed by many people. But on the flip side, it is an opportunity for buyers like us. 😎
In my opinion, the resale price point is definitely attractive for buyers who are looking for long-term own-stay. E.g $1.6m can get you a big resale 3 bedder for family of 3 - 5 pax.
Really good video for tips indeed when buying a home for a first time , really did open up my view on knowing the importance too . As for the question towards the end will be : A.Pricing and C.Layout mixture
Very different opinions about Chuan Park from others! For Scala, $2k is the asking, but last transacted is lower. So it’s not around the same as a $2400psf Chuan Park? And if the other nearby projects have owners sitting on $400psf purchase, they can definitely be very competitive to Chuan park sellers who would want a +$200psf after ToP.
You're right! End of the day, it boils down to your needs and goal! If you are buying for long-term stay, the quantum is somewhat similar, quite reasonable and safe to enter in my opinion. But if you are looking to flip in 3 years, then there are better options. :)
Was awe by the information provided in this video , great insight and future plans on getting an estate in the area . 🎉Looking forward to more of such video which provide buyers insights when getting a home 🏠
