Hi eric , you never say >>> november 2023 , 8B upper boon keng road , #28-538 . Only 4 room flat >> 1.31 million !!!! thats my fren's unit . He Huat liao ...now staying in condo .
Just to share with u he threw a buffet farewell lunch . The view truly magnificent but he waited & waited 1-2years . He really believed about the value !!!!! $1300 psf for 4 room hdb is probli a record .
I dun own a HDB but is good that HDB of many areas are selling at crazy price as that insanity will spill over to the private side as condo will seem relatively cheap.
HDB prices of 4-rooms keep going up and hitting 1 million. If condo sellers who are barred from buying 5 room for 15 months don't want to wait, they will have to go for 4 room. This adds to demand. Now that 4-room already hit 1 million, do you think that 5-room owners will want to sell below 1 million? Of course not lah.....then those who really waited 15 months will pay ultimate peak prices cos they die die want to buy 5-room.
@@xxxcool2565 price goes down everybody sad...2024 CHINA 's property below fire sale shanghai 90% down nobody wants... BUY ONE GET ONE FREE also no takers... can happen to sg...greedy speculators lose their balls
Hi Eric, seek your kind advice. We live in private but have a 40 year old hdb 3A which is rented out. We have been wondering whether we should sell the hdb or continue to tenant it out. My estimate at the moment is that our total rental returns over less than 15 years will equate the flat' s selling price today. Many thanks Btw we are in our 60s.
Hi Eric, my husb and I didn't get to bto cos of the income ceiling - is our choice to buy an old resale condo right vs. a resale flat? and now with budget of around 3 to 3.2m, should we decouple and buy 2 or buy a resale condo (since cannot buy hdb) or buy a new launch and rent?
Both of you are doing super well! Can consider to get 2 condos. If you need my advice what you can do with your current portfolio. You can do this up tinyurl.com/savvyasset and send to bit.ly/savvywa
If i can get a million dollars for the hdb in jurong, it won't be enough for a condo because condo prices are way too high. Plus, the condo prices are unlikely to fall anytime soon.😢
Hi Eric, if you have to choose a place that is more central (to CBD/Suntec area), do you have any recommended areas to buy? Understand CCR properties difficult to make money.....
But hor. How come my area despite having so many schools and upcoming cross island line near by. There is still no 1million dollar transaction? Like at most only 600k nia. Still have to minus resale levy and what not?
Not all old ones are that good. Of course when you buy any given hdb, you only need to make sure you get the model spot on, compare apples to apples, if model-a I make sure I look at only other model-a and so on and so forth and I make sure the age is roughly 1 to 3 years difference best within the same vicinity. The only exception is DBSS, never compare DBSS with non DBSS
😂 few months back, my friend complained to us his daughter go pay 1.2 m for pinnacle duxton HDB. He said last time we paid less than 1m for landed😂. I told him last time police wear shorts 😂. My advice is buy a property ASAP at least for ur own stay.
Hi Eric! Looking at my first property, can only go resale condo because budget. What do you think about a Kingsford Waterbay (2b2ba)? I see the transactions got profitability but very low leh.
Been hooked on your videos lately after a friend intro… still wondering if I should buy one pearl bank at close to 2mn for 700 sqft LOL am I the cai tao
Enjoy learning so much from such good humour guru 😆 Now me wanna enter condo market ald, but can only afford OCR at Canberra Yishun. May I ask is Yishun Khatib area such deadly for condo/ property purchase or not? But why ah? 😰 hahaha. Planning for own stay, maybe if can earn then exit.
Yishun is like going through a period of old generation slowly gone and new gen coming in. I think next time sengkang and punggol will become a old gen estate and yishun may start to have better development
@Eric, can explain why The Garden Residences and The Affinity which is AMK / Hougang / Serangoon area. But not huat at all. From 2020 till now prices stagnant.
Love your optimism as I already own property. But will non-stop growth be sustainable when prices surpass the incomes of most people? Now fresh grads can buy a $700+k BTO with a long loan. But at this rate, a future fresh grad couple wont even be able to buy even with a 30-year loan. Price growth will have to stall then?
Only not sustainable to, sorry to say this, losers. If you cannot afford it there is always cheap sub $300k 3 room in marsiling, kranji or sembawang. But for areas that are in demand even Sengkang or Punggol its going above $1m for sure. If not nobody will sell. Like i own a 4 room HDB in sengkang. 10 years old near Sengkang Grand mall. Agent tell me got buyer at $750k firm offer, i tell him go fly kite. No $1m no talk. If no offer i just continue to stay. My neighbours also say the same thing. So how can price drop if everyone is like that?
Also what's wrong with the number 4? Not everyone is a Cantonese. 4 in hokkien or teochew is 喜。so 44 is even better it's double happiness. So stop saying 4 is no good! Thanks
I think I know which projects you are thinking of.. one is quite far from mrt plus unsheltered. The other one can consider but no 2b2b listed now so still need to wait and see
Cannot take you seriously when you say BTO 1m, MOP 2m and Condo 4m.... All the new hdb restrictions are precisely to prevent this. Practically impossible already because if your BTO is 1m, 100% is PLH and will have clawback
I mean it’s always possible. Since now latest transactions are $1.6mil for resale HDB & BTO are selling $877k and of course there are many condos selling at $4mil and above. www.straitstimes.com/singapore/housing/strong-demand-for-5-room-bto-flats-in-ang-mo-kio-despite-prices-of-up-to-877k www.99.co/singapore/insider/s1-588m-5r-hdb-bukit-merah-singapores-most-expensive-resale/
In land scarce country, looking the population growth including foreigners coming in, there will always be a demand of better housing. And with that, FH landed houses will be a real luxury in 2034 that only a few can afford.😆
@@1965Singaporean what policy would you come out with if HMP (Hawkish Merlion Party) wins election and you take over as PM and Lawrence become your kopi kia?
Sekali next time HDB cost more than condos leh??? HDB prices went up higher than private while private properties depreciates further. Not every condo prices appreciates with time bro, some sales made loss bro. Government wants to steer ppl to buy HDB not condos leh???
@@corellianjedi2483 hahaha. You never know bro. Disclaimer, im an agent too. Actually I have predicted this. Private sales 15 month ban for hdb is now in its 20th month. I throw another prediction for you, 2025-2027 hdb resale price will skyrocket again.
Just buy one good landed property near good school, you will just huat huat huat forever! Landed will be worth 3-4 times more per square feet if HDB keep rising to $2M ! 😅
Massive national government wealth transfer on steroid. Singaporeans better pray hard the government can keep making huge surplus every year to make these kind of transfers via all kinds of HDB subsidies and upgrades. Or they never drastically change HDB policies forever.
This is great. Don't listen to simi delulu seller or agent. Even if they can sell anywhere near $2m like $1.6m that would already be a win. Its the greatest wealth generation for ordinary Singaporeans. Its a great scheme by PAP. Don't listen to those naysayers that HDB is too expensive etc. Those are losers who did not/not yet get into the game but jelous others are making a killing. Trust me when they get their HDB they will start asking why HDB prices not $3m yet.
No government housing should be worth a million dollars, it’s supposed to b an affordable housing for its citizens n its decaying lease too. These r buyers from landed properties that spoil the HDB market for the average Singaporeans, many will b priced out now n can on,y live with parents. Vicious circle, sell high buy high too. Eric is right, buy 2 if u want to play the real estate game to wat kueh 😂😂
Rubbish. So many cheaper option in Kranji, Sembawang and Marsiling. You only saying that coz you have not gotten your HDB. Otherwise why don't you sell your HDB at your purchase price? Talk nonsense these losers who has not gotten into HDB ownership yet.
Buying a resale HDB is better than buying a new BTO? You can check the upstairs unit, downstairs unit, left-side unit and right-side unit or opposite side unit for quality. Neighbors who are dirty or smelly, infested with ants, housefly and cockroaches flying into your unit, hanging of cultural or traditional clothes all over to your unit, untidy plant pots with mosquitoes flying all over your unit, too many people living in the same unit, talking loudly, karaoke, playing loud music, audio or TV, dog barking or cat calling in the middle of the night, children playing or kicking football like their favorite Cristiano Ronaldo, noises from home rice or flour grinding machines, hammering spices with mortar and pestle, cooking oil and smoke going into your unit staining your clothes. Never live near the unemployed or cigarette smoking people Jobless lazy restless or unemployed people are behaving badly, very badly. Never, never buy a a property, public or private, with someone had died in the property. Why? Because the ghost, soul or spirit would remain in the same property forever. Once a person died, turned into a ghost, soul or spirit, will cause disharmony, unable to differentiate whether the people still living in the same property are family or friend. Incoming new owner will also face disaster with family members facing bad luck, bad luck with negative energy, bad Fenshui, so on and so forth. Generally, people living in private properties, condo or landed, are of better quality, higher income, better refined. Nobody throws stones in a glass house.
