Agree with you 100%. Unfortunately, too many people try to time the market rather than take the time to get educated to make better choices. Property is not a get rich quick scheme and it's especially risky when you have limited finances.

Thanks for the video idea. I'm certainly looking at increasing my content sharing and will definitely be looking at current launches from my perspective as an ex property developer.

It really shouldn't be based on a percentage because the property might be listed too high (most of the time), too low (quite unlikely), or at the market. A better way would be to have your agent pull up the recent transactions to see the comparisons and also look at the valuation of the property either from the bank or the valuer. Then factor in the current state of renovations and condition of the house, to come up with your offer price. How rare the property is will also play a part if no one is selling in the area but there are a lot of buyers.

Haha. That’s a good one. Maybe because KZbin knows my son is a USA citizen by birth. Lol.

Thanks for the encouragement. Appreciate your nice comments. 😊

So nice of you 😃

Thanks Esmond. Long time no see. Hope to catch up with you again.

Thank you for the kind words and support. More videos on the way.

Agree with you 100%. CPF interest is more transparent, you can just login to your portal and see the accrued interest. Plus the fact that it goes back to your CPF as long as its not a negative sale. Whereas bank or HDB loan, you just pay and pay and get nothing back but the priciple amount when you sell. With the current high home prices and interest rates, I can't help but be worried for our future generation.

Thank you for the encouragement. Next video is coming soon and i'll be looking at revealing even more shocking insider tips and agent secrets to educate more consumers like yourself.

As mentioned in the video, this was in 2012 and an average interest over time and not the current high interest rates which on started in early 2022. It’s easy to forget that the Fed was holding the federal funds rate at around zero as recently as the first quarter of 2022.

Thanks for watching and your feedback. Will improve from next video.

Thanks

Price is almost the main factor for those choosing a 2 bed 1 bath. If you choose such a unit with a balcony almost as big as your interior, the negative factor is magnified exponentially.

There are a limited amount of own stay buyers for CBD area now so the demand will be muted at the moment. Many New launch condos haven’t made much profits and a bad layout will magnify the losses even further. But one day the area will have its shining moment. Just not today.

100% agree with you. Unfortunately, we could only help the buyer move on to other properties instead. As the damage was already done since the unit selection stage.

CCR in the CBD are having an especially hard time. Take Marina One Residences for example, 20 profitable transactions with the highest at $196,200 and 20 unprofitable transactions with the biggest loss of $562,000. Hopefully after the Greater Southern Waterfront is completed, these buyers make money after all. CCR in high demand areas like River Valley are doing ok. Martin Modern has 38 wins vs 5 losses. Some profits above $1 mil for the early buyers.

Appreciate your comments. 👍🏼

Thanks for the feedback. I noticed that too. Will improve from the next video coming up soon.