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How to get rich with Singapore properties | After your 1st residential | No ABSD

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Bought your residential property, so what's next?
Should I buy overseas property?
Should I buy commercial and industrial property?
Let me share with you how I build my portfolio step by step:
1. Which colour level are you at now?
2. You can consider to upgrade your property type from HDB to EC to Landed properties
3. Next go for location, OCR to RCR (City Fringe) to CCR.
So many ways to build your property portfolio in Singapore!
Do share with me your colour level too!
Cheers!
🔥 Upcoming property webinar "What to Buy and Where to Buy to Profit in 3 years?" 🥳
🎬 Register now!
📌 bit.ly/savvyrich3
For 1-1 coaching & consultation
✅👥what’sapp 8606 0670 or bit.ly/savvywa

Опубликовано:

22 авг 2024

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Комментарии : 159

@savvyericchiew 2 года назад

🔥 Upcoming property webinar "What to Buy and Where to Buy to Profit in 3 years?" 🥳 🎬 Register now! 📌 bit.ly/savvyrich3 For 1-1 coaching & consultation ✅👥what’sapp 8606 0670 or bit.ly/savvywa

@HumdrumSingaporeanREACTS Год назад

😲😲😲

@SarahSarah11119 5 месяцев назад

If property still within the 3 years , the sell otp issue date is it : years from stamp duty date or 3 years from my buy otp exercise date ?

@savvyericchiew 5 месяцев назад

Stamp duty 👍

@SarahSarah11119 5 месяцев назад

Thx 🙏🏼

@lizweng972 19 дней назад

For singles is it good/bad idea to buy 2room flexi BTO as 1st residential?

@savvyericchiew 19 дней назад

Resale condo as 1st choice. If can’t then go for BTO 👍

@lizweng972 19 дней назад

@@savvyericchiew Not resale HDB? Thanks Eric! :)

@savvyericchiew 18 дней назад

@@lizweng972 1st choice is still resale condo 👍

@SarahSarah11119 5 месяцев назад

If you hold a property , able to engage in buy otp for new purchase then sell otp for sale of property. What s the process and timeline like for the otp and completion ?

@savvyericchiew 5 месяцев назад

Sell then buy. Not buy then sell

@SarahSarah11119 5 месяцев назад

Thx for the reply ! But what if say u found one that you really like but just wanna hedge that first , any way around it?

@savvyericchiew 5 месяцев назад

@@SarahSarah11119 my rule is sell first. If not the risk is forfeit

@SarahSarah11119 5 месяцев назад

Ok . Thx 🙏🏼

@user-es5jk8sz9r 6 месяцев назад

Eric good video , if keep upgrading to more residential, it is more for cap appreciation ? i old already so keep upgrade money tied in the prop and cash flow lower because more bank loan and shorter tenure. U say office lower risk, what type office good ah ( grade A or lower one), old one or new one and what criteria to use and find. or can use B1 to use as office? and how big is size good and almost pau chiak can rent? if bad time, what type office can still be rented out ( like chicken rice good time bad time people still eat but the posh restaurant bo business). Btw I am your SIP student. miss your tutorials on commercials

@savvyericchiew 6 месяцев назад

Yo! Focus on upgrading your resi, make profits faster than commercial and industrial 👍

@cdang8742 Год назад

Now govt just announce they will come down on the 99:1 that aviod tax and will be fine. Now authorities is check and will you be liable as well?

@savvyericchiew Год назад

I don’t structure this way to buy property.

@cdang8742 Год назад

@@savvyericchiew yes i believe you 😄

@allenl7352 11 месяцев назад

Hi Eric, awesome sharing (and subscribed 😊) wondering instead of S1 (HDB) B2 (own stay and invest), what about getting a freehold landed (99:1) for own stay and another condo down the road?

@savvyericchiew 11 месяцев назад

Freehold landed is always good! Go for it 👍

@vikneshvaran Год назад

Hi Eric. Great video. Curious to why you say freehold cluster or strata landed is not good. Thanks!

@savvyericchiew Год назад

During neutral market, strata lose a lot of money. High maintenance, no demand, low popularity.

@vikneshvaran Год назад

@@savvyericchiew thanks for the advise!

@savvyericchiew Год назад

@@vikneshvaran welcome!

@Hereabby 8 месяцев назад

Can sell current hdb and buy next home without touching cpf?

@savvyericchiew 8 месяцев назад

In most cases, you need to use Cpf for Downpayment

@devstruction98 2 года назад

If I was asked what are some of my favorite districts, the first answer that would have come to mind is “red light district”

@savvyericchiew 2 года назад

😂🤣

@thegreenbaby9365 Год назад

Why not? What would be Eric’s view of Geylang/ Guillemard area pls? 😳🤭

@savvyericchiew Год назад

@@thegreenbaby9365 I don’t like though 😅

@huhx87 Год назад

Hi Eric, I've bought a Woodlands 5room flat at 410k in 2019 right before covid. Now valuation is around 650k. 2024 will MOP, thinking of going back to my childhood area of marine parade, what do you think I can do when that time comes?

@savvyericchiew Год назад

Congrats to your gains! Let’s wait till 2024 then see what opportunity is available. Sadly MRT will be done 2023.

@huhx87 Год назад

@@savvyericchiew all along don't want to get large mortgage to burden myself, so thought of just buying the marine parade 50 year old flat. Just to be able to enjoy the location.

@savvyericchiew Год назад

@@huhx87 having a housing loan on a good property is a good debt. Leverage to make profits start from young. Overall must depend on earning power and age too 😉

@MrDeedeeck 10 месяцев назад

hmmmm combined income with wife barely enough to afford E.C - will be possible to achieve the goal of sell 1 buy 2?

@savvyericchiew 10 месяцев назад

Yes super possible 👍

@bullrun3469 Год назад

Hi Eric really enjoyed your videos. I am also your student from sip many years back and I bought my props after your class which have gone up:) but now absd is no longer viable to buy more . To upgrade is not my preference because it will make me asset rich cash poor . So I rather buy more for cash flow. Therefore I only have commercials to consider. What is the best size and type for retail or office ? Looking at 1 to 2 mil max . I saw some at Adelphi etc. What are your thoughts. My preference is building cash flow . I am in the 50s

@savvyericchiew Год назад

Nice to see that your portfolio has grown 👍 Commercial risk is a lot higher and there’s no cashflow unless you are referring to industrial. Best to stick to residential by upgrading to bigger and better location.

@bullrun3469 Год назад

@Eric Chiew thanks for the quick reply. But if I sell all 3 I have and buy bigger means I am down to 1 and 2nd one incur absd leh ( no option because single). Or worth it bite the bullet get the 4th one and pay absd ( assume freehold)

@charlesong88 Год назад

Hi Eric great video. How about condos at flora drive? Worth buying?

@savvyericchiew Год назад

That’s the worst area 😩 I did a review on Jovell in the area. Check it out ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ERIC53E72jM.html

@yarishoku Год назад

Hi Eric, I wish to know more about the 1 to 1 session.

@savvyericchiew Год назад

My team will send you info. whatsapp them at bit.ly/savvywa

@joycehe6980 Год назад

Hi Eric, thanks for the information shared in the your video. Have one condo already. We are planning to buy second condo for investment. May I have your professional point of view which one is a better choice, to buy a new launch 2BR for example Dunman residence or to buy a 2BR resale in Sky Vue? The rental yield is very attractive now.😂

@savvyericchiew Год назад

Resale is good but min 3br 👍

@joycehe6980 Год назад

Resale also sell off after 3ys？😅

@savvyericchiew Год назад

@@joycehe6980 yup you can do that too 👍

@jamesstudy2047 2 года назад

Cool info again! Thanks Eric

@savvyericchiew 2 года назад

Thanks for watching!!

@pannpann1694 2 года назад

Hi Eric Sifu, how to meet you for 1 to 1 consultation. What is your Huat kuey fees?

@savvyericchiew 2 года назад

You can contact my team for details bit.ly/savvywa

@tjyd2a3 2 года назад

Eric, as a new applicant for hdb, should i bto as a Single owner and put my wife as essential occupier. After 5 years mop I can use my wife name to look out for new launch condo. Is this a better option?

@gomugomu4489 2 года назад

BTO for single cannot apply for most flats types and must be over 35. U need to use 2 names. Similar for resale, if you get married, you still cannot own 2 property as couple of one is HDB unless pay ABSD. EC can decouple after MOP. You can rent out and buy another after decouple. Do your sums first as decouple need to cover BSD as well. You need to plan it base on income also for the EC split. This may work. Good luck bro.

@savvyericchiew 2 года назад

Yes you can do that to have an option to buy private later. However, my studies show that 2 private is better than 1 HDB and 1 private. 😉

@tjyd2a3 2 года назад

Haha, I gave a thought on this, perhaps HDB has a bigger living space to cater to our needs. . Able to do a video to address this strategy? 1 owner 1 essential occupier. I believe this strat is more suited to couple earning an average monthly of 4-6k each.

@savvyericchiew 2 года назад

Most of your money is stuck in HDB, without selling, most don’t have funds to buy a good investment prop. In the end still sell 😅

@gomugomu4489 2 года назад

Use Eric’s savvy spreadsheet can already to see how much you need.. 1st option Don’t sell. assume you don’t make any from HDB as never sell. Key in your projected CPF and cash savings. 2nd option Then assume you and spouse apply BTO 4room and make 250k. 3rd option You BTO a 2 room flexi alone and list her essential occupier. The flat very small and you make around 150k. 4th option You get big resale property. You still need around 300k cash + CPF from wife to buy 1.0-1.2M second investment property. 5th option You get EC and make around 400k. Then sell and buy 2 property. See which option easiest.

@msskda9713 2 года назад

Hey Eric, I've already purchased my 1st private condo in 2021 for investment with both names and wondering what are my options now if I intend to get another for own stay or should not ?

@savvyericchiew 2 года назад

Assuming is 50/50 shareholding, earliest to plan is 2024 because you are within SSD period

@msskda9713 2 года назад

@@savvyericchiew i see, so not wise to pay 4% SSD next yr if i were to decouple, just listing what options i have than waiting till 2024.

@savvyericchiew 2 года назад

@@msskda9713 may I know what project you buy? I may be able to find ways to decouple now instead of 3 years later 😉

@msskda9713 2 года назад

@@savvyericchiew I have gotten florence

@savvyericchiew 2 года назад

@@msskda9713 I may be able to help you save at least 20k of legal fees in decoupling. You may want to do this up and show me. tinyurl.com/savvyasset

@ihumans1995 2 года назад

So simply put, sell 1 buy 2 then maintain 2 properties all the way by upgrading own stay and don’t buy another investment ppty (and pay ABSD) tio bo?

@savvyericchiew 2 года назад

That’s for residential. Commercial is how you can add more without absd.

@MJxxxx5 2 года назад

lol. the SIA girl uniform colour and it's ranking like our dollar note colours... nvr saw the resemblance

@savvyericchiew 2 года назад

We all learnt something today 😆

@janelee1069 2 года назад

Hi Eric。So if a couple made a lot of money through their stock investment. But have no experience with property. Do you suggest they start directly at the higher end of the property series. Say hypothetically, they have 10million dollars. Does that mean that they can and should start off directly with landed properties (given that they have little experience). Or should slowly move up the property series and gain more experience first?

@savvyericchiew 2 года назад

Depends how hungry they are. By right with this amount of funds and profile, landed is the way to go. 1 landed and 1 condo is a good start. I think you are referring to yourself. Well done Jane! You are a giant Huat kueh! 🥳🥳

@janelee1069 2 года назад

@@savvyericchiew haha no la. I am just curious. 😆😆 But your video analogy is like playing monopoly. Get 5 green small house then upgrade to a big red hotel 🤣🤪

@savvyericchiew 2 года назад

@@janelee1069 Same like playing monopoly, buy and sell and learn from mistakes. Mistake from real life, it’s real painful 😣

@janelee1069 2 года назад

@@savvyericchiew all gurus have battle scars to show 😉

@savvyericchiew 2 года назад

@@janelee1069 like that then handsome 😎

@canonwhale 2 года назад

Hey Eric, thanks for the awesome content! Where would you recommend buying 3BR with a budget of $1.5m for first property?

@savvyericchiew 2 года назад

Possibly RCR if not OCR, depends on stay or investment. If need me to assist to shortlist and recommend, consider 1-1 program 😉

@xiaochen5219 2 года назад

Hi Eric, anyway to get around ABSD? Currently own a 2B2B FH Red light district property. Is the capital upside Low and purely for rental income?

@savvyericchiew 2 года назад

@@xiaochen5219 no way, everyone can only own one Resi. Anyway time sell your existing property and get a bigger and better location one! 👍

@maxwelllow3109 Год назад

for the sell 1 buy 2 strategy to work, does it means that you always have to sell your property after 3 years? Just wondering how is feasible for this strategy to work for young families with school going kids?

@savvyericchiew Год назад

Own stay property can stay long, investment property can buy-sell every 3-4 years 😉 That’s the beauty about having 2 props 👍

@maxwelllow3109 Год назад

@@savvyericchiew if upgrade to EC for ownstay and then buy another property for investment later on, is that also workable?

@savvyericchiew Год назад

@@maxwelllow3109 yes it works as long they are fast appreciation projects 👍👍

@tanrc4833 2 года назад

Is the 23 Aug 22 Webinar free?

@savvyericchiew 2 года назад

Yes! Enjoy watching!

@enigmatiq3424 2 года назад

Hi Eric, you mentioned partnering with other singles to buy. Is it possible for private condos?

@savvyericchiew 2 года назад

Yes it’s only for private condos 👍 I started this way! 🥳

@gloryuntoGod Год назад

@@savvyericchiew What's the gross income of your combined salary for the shared purchase of your first condo with your friends?

@savvyericchiew Год назад

@@gloryuntoGod that was 14 years ago and previously no income also can take loan easily 😉

@joycehe6980 Год назад

Hi Eric, really thanks for your video and I’ve learned something from it. We have a 25yo condo unit in OCR Yio Chu Kang under my hubby’s name. How to use your S1B2 strategy?🤔🤔😀

@savvyericchiew Год назад

You can do this up tinyurl.com/savvyasset and send me Facebook.com/savvyeric

@arinayong8620 11 месяцев назад

Thanks

@savvyericchiew 11 месяцев назад

Thank you so much!! 🙏🏼🙏🏼

@Minority2007 2 года назад

What already have 3 property and all prop co owned I.e. 2 names. So Sell all buy 2 ?

@savvyericchiew 2 года назад

This is a good problem! Since you can’t buy and sell anymore. 😢 You can calculate the total value of the 3 vs selling all and buy 2, if it make sense then why not?

@MJxxxx5 2 года назад

Eric, we like staying in condos for the facilities. is it worth investing in OCR landed for rental income?

@savvyericchiew 2 года назад

Landed rental yield is 👎. It’s mainly for capital appreciation. It’s ok to have 2 condos 😉

@MJxxxx5 2 года назад

thank you.

@demigod2003 2 года назад

Hi Eric, would 2 BR @ Leedon Green be a good start - not sure if want to own stay or sell for capital appreciation later on. if around 2.5k psf

@savvyericchiew 2 года назад

No please, there are tons of better ones!

@HumdrumSingaporeanREACTS Год назад

😲😲😲😲 cool video!!! 😲😲😲😲

@HumdrumSingaporeanREACTS Год назад

really cool~ 😲

@savvyericchiew Год назад

🙏🏼🙏🏼

@HumdrumSingaporeanREACTS Год назад

@@savvyericchiew 😌😌

@sherreenfoo5760 2 года назад

2BR tre ver worth to consider? Hmm

@savvyericchiew 2 года назад

I don’t like the location 😩

@garygoh147 2 года назад

@@savvyericchiew why u don't like the location there ?

@savvyericchiew 2 года назад

Because I lived there when I was young 😆 Nothing much sia. Boring place except for good school.

@blossom6064 2 года назад

Eric, 15 years old FH boutique apartment in the east, worth to buy or not?

@savvyericchiew 2 года назад

It’s the worst combination! 😭 I just saved your life!

@blossom6064 2 года назад

@@savvyericchiew near Bartley, what do you think of Kensington Square?

@savvyericchiew 2 года назад

@@blossom6064 eeeee that’s a very bad one. I saved your life again! 👍

@Sl-by3cw 17 дней назад

Eric, could you explain why is bad to own FH boutique apartment in East and any recommended exit plan, thanks

@gunnerstnt01 2 года назад

Im holding ahdb flat , if i buy a condo.how much will be the additional stamp duty

@savvyericchiew 2 года назад

If you still have an outstanding loan, Downpayment 45% +4%+17% = 66% If fully paid HDB, Downpayment 25% + 4% + 17% = 46% Note that you will NOT make money for your investment 3 years later after paying ABSD. You are welcome! 😎

@gunnerstnt01 2 года назад

@@savvyericchiew thanks bro one more qn , let say i sell of my existing. Then i buy a condo. Wat will be the stamp duty, thanks

@savvyericchiew 2 года назад

@@gunnerstnt01 less than 1mil will be 3% minus $5400. more than 1mil will be 4% minus $15400 👍 My next video will be very helpful to you! Subscribe and stay tuned!

@TheBebemom 2 года назад

What about CLEMENTI area? And at any one time can combine both tracks to buy one landed first or not

@savvyericchiew 2 года назад

Yes landed in 2 names is fine 😉

@bhchew3865 2 года назад

are there any options for those waiting for MOP?

@savvyericchiew 2 года назад

Save up as much as possible! Can start to plan 1 year in advance

@viralloger267 3 месяца назад

Cant afford to buy a condo. Income just 3k

@savvyericchiew 3 месяца назад

Build your career, save up and invest 👍

@viralloger267 3 месяца назад

@@savvyericchiew any other way bos to be huat like u? Now im waiting for bto to complete in 2027

@savvyericchiew 3 месяца назад

@@viralloger267 BTO is a good stepping stone. Consider to upgrade to condo when your MOP up on 2032 👍

@aly5130 2 года назад

TIQ Shaun and his salesy wife would be on fire watching your video... hahaha! Anyway, Eric I would contact you soon for a 1-1 consultation. Just sold my condo and thinking of where to buy.

@savvyericchiew 2 года назад

I hope to provide the right solutions for Singaporeans. Looking forward to our consultation. Cheers!

@miakin9501 2 года назад

U r awesome!

@savvyericchiew 2 года назад

You too! 🥳🥳🥳

@yipkf18 2 года назад

Haha Eric. Suan me back. Anyway thanks for your guidance and valuable information.

@savvyericchiew 2 года назад

Your question is very good and legit and I want to use it positively and educate many who have the same questions 😉

@AshleySeow32 2 года назад

1.4M can buy 2 bedder new launch ？ and which ocr is best for investment?

@savvyericchiew 2 года назад

1.4m budget is max for 2b2b new launch but can get resale 3b3b 👍

@AshleySeow32 2 года назад

Thank u. Very insightful video. Hope more to come to educate the amateur 👍

@savvyericchiew 2 года назад

Sure more coming!

@tubingvideo 2 года назад

getting older .. loan tenure will be shorter, how to continue to buy sell buy sell...

@savvyericchiew 2 года назад

By having multiple rounds of selling and buying, one should have made a few pot of golds and may not need max loan for investment. Anyway there are ways to increase loan tenure 😉

@faizalbi4495 2 года назад

Wah! Got huat kueh plush toy

@savvyericchiew 2 года назад

I got 2 plushy! How about you? 🤣🤣

@lauratan7674 2 года назад

should create the ultimate boss class property after CCR GCB : the Istana 🤣

@savvyericchiew 2 года назад

No money can get that level 🤣

@tttlol712 2 года назад

Hi Eric, what is minimum income requirement for sell 1 buy 2?

@savvyericchiew 2 года назад

Best to have at least $10k combined. Also depends on your proceeds if you are selling and cash on hand. Everyone starts somewhere, so always do 1 first then 2nd one later. 👍