The 2 sites can be developed for anything except hotels. Currently, one of them, the L-shaped plot, is listed on the GLS reserve list. There's a good chance it could be available for developer bidding next year.

Thanks for catching my mistake-it's 1.35%, not 0.75%. Because I forgot to mention the 0.5% spread. So, to correct it: SORA peaked at 3.7% and may drop to 2.35% by the end of next year. But with the 0.5% spread added, the effective floating rate will be around 2.85%, which aligns with the "below 3%" rate I mentioned in the video. ^,^

Compare with?

2 bedder Chuan park and emerald of Katong

@@kentan7274 Hillock 3 bedroom should be higher price than the 2 bedroom of these 2 project. But price and info haven’t released yet.

If you can afford the 3 bedroom just go for the 3 bedroom.

@@StephenChongProperty the 3 bedder for Chuan and emerald will be too big quantum for me to handle. But I am thinking the 2 bedder for Chuan or eok maybe better in terms of performance compare to hillock 3 bedder

Why you minus it? 🙃

@@StephenChongPropertyif 2024 new launch is 2000/psf, based your theory 50psf/per year, what is the psf for condo build in year 1984?😮😮

The calculation should lean towards the positive side instead of the negative because of inflation. Plus, the yearly inflation rate doesn't grow consistently, so the $50 psf might not hold true every year. This theoretical figure is just a rough guideline. Property values are affected by a bunch of different factors, and I find that a lot of properties are still lagging behind their true value. ✌🏼

@@StephenChongPropertyactually 50psf/year is too big number, I find a lot of data. Roughly should be 30psf/year. For example you can check yishun emerald which is 22 years old condo (2002 top), is around 1050psf. The visionaries or the brownstone is around 1400psf, which are 6 years old (2018 top). 16 years difference only 350psf gap. It means 20+psf/per year. I know Eric chew use 50psf/per year to calculate, but this number is totally wrong. Because use 50psf/ per year can make every new launch looks worth, but the truth is many new launch condos are over priced.

Alright, I'll use $30 psf per year for this calculation. I previously used a 21-year difference for simplicity, but the actual lease for Rosewood started in 2000, while Norwood Grand began in 2023. That's a 23-year gap. So, 23 years × $30 psf = $690 psf. Additionally, there's a harmonisation effect to account for, which adds another $200 psf. That brings the total to $890 psf. Currently, Rosewood is priced at $1,100 psf, so adding $890 psf gives us a total of $1,990 psf. At anything below this price, getting a unit is a no-brainer. From a land price perspective, the breakeven is $1,687 psf ppr. But once you factor in harmonisation, it would be at least $1,887 psf ppr, with zero profit to the developer. If the developer is aiming for a 15% profit margin, the price could be around $2,170 psf. So I believe they'll likely price it between $2,000 psf and $2,200 psf. :)

That one is a good EC site. But there are some concerns too. Firstly, still not sure how much they will bid and sell. I expect high demand for this site. Secondly, got to wait until mid 2026. Thirdly, some units will be facing SLE.

Thank you! It's a bit too broad for me to provide an answer. Could you be more specific? Else, feel free to WhatsApp me to discuss further. wa.me/6591887652

I viewed before. I take this project as example because it is the condo nearest to Woodlands MRT :)

For its age now is more suitable for rental play. :)

Not the worst yet. There is something else that is really weird.

For typical HDB Upgraders, it's easier to go for the resale EC with $1.4mil now.

@@StephenChongProperty then who’s buying norwood 😂

@@abusdriv3r The younger generation in their 30s, thriving in their careers, are ready to buy. 3-4 years down the road, these might be the new group of buyers willing to buy for the resale. :)

@@StephenChongProperty so in short, no hdb upgraders, norwood exit strategy are these small group of thriving 30-40s group who are willing to live in woodlands. sounds like a plan 😂

@@abusdriv3r there are some married couple got their BTO early. And many of them are now doing very well in the career development. They could upgrade to this later.

Let's go!

Yes, the cost is certainly much lower. Once the RTS is completed, I expect a significant number of room rental tenants to relocate to JB, leading to a drop in room rental demand in Woodlands. Conversely, JB rentals are likely to rise. However, keep in mind that Singaporeans and PRs aren’t permitted to drive Malaysian-registered cars in Singapore, so the cost-saving on car ownership isn’t applicable. Fortunately, with Singapore’s excellent public transport system, having a car isn’t really necessary for daily living here. :)

A major unknown that many people have not taken into account is the bukit chagar - woodlands fare. I am willing to bet that it will be between $5 - $10. A 2 way daily 22 day/mth routine means transport on this leg alone is gonna be $220 - $440. Also likely to be around 1 hr duration from entrance of bukit chagar to exit of woodlands North RTS . 2 way trip means additional 2 hrs/day on top of whatever travel time from woodlands North to other parts of SG... So the $ & time cost of bukit chagar vs woodlands North would be $330 + 44 hrs per month.... it will be interesting to see the rental price per pax gradient across the causeway reflecting this....

@@ocswoodlands Yes agree!

Do you own Ola EC unit?

@@StephenChongProperty of course not that's why would like to know how it looks like

@@Nonameakaweirdo Oh i thought you want to show your unit on KZbin :)

@@StephenChongProperty need you to show us. If I have I don't need to see. U trying to twist my words😕

To do a condo tour, I need permission from one of the owners.

Agree on the high $PSF! I think it would be a great idea to create another video, where I can dive deeper into Norwood Grand and also explore the resale condos in the surrounding areas. I will give viewers a clearer understanding of both new launch and resale opportunities in the North. I think this will be an insightfully video for budget between $1.3mil and $2.0mil. Stay tuned!

Ya just like Tampines North

If own stay is based on my personal preference. For quick gain, yes might be better if the price is attractive.

@@StephenChongProperty honestly I can relate that because personally, woodland is not somewhere I desired to stay as well. But then, there’s no new launch for 12 years already in that area so the exit is likely to be easier than Lentor if price is right. So it’s a decision based on whether one is buying Norwood for own stay or quick gain.

At least it’s near to MRT. The only hurdle is just the high $PSF.

Which and which?

That's why I mentioned if above $2,100psf then something else...

Thank you 🙏🏼

That’s quite true. One thing to take note is the maintenance fee after few years.

Yes agree 👍🏻

@@StephenChongPropertyThey bought the land at peak before land bids started coming down, no choice but to launch high

Clementi and Toa Payoh could be even higher

Forett is good if you have higher budget. Is Verdale inside 1km to Pei Hwa?

@@StephenChongProperty some block within some block out of 1 km. What do you think ? Price quite a bit lower .

That side I’m not so confident.

Verdale resale volume is very weak, plus there is new upcoming GLS so buyers there will lose the view and face construction noise for next 4 years. Daintree or forett better, most young families want to go into pei hwa

@@PPI317 Yes I thought so too.

Thanks

Yes definitely it’s one of the major new launch condo

That will need $1.5mil cash / CPF

Yes, it's definitely a sign of how much the property market has evolved. $2.5 million for a 3-bedroom condo reflects the strong demand and limited supply in more prime locations. While it may seem high compared to a few years ago, it's also a reminder of the value and potential growth that properties in Singapore continue to hold. Real estate remains a solid investment, but it's crucial to be strategic about supply & demand, location, entry and exit strategy..

I tot 25 is 4bedder. Omgg. Insane

Can get 4 bedder in Lentor

2.5m should go buy landed already.

@@marvelcomiks8078 you mean leasehold landed ah?

This is inevitable.

Something else…

Haha no la. Just happened that we are aligned.

@@StephenChongProperty aligned is yr 一厢情愿的想法。

@@520chris it’s ok. Most importantly benefit my clients

​@@StephenChongPropertyI think what Chris is trying to say is u should present wat you feel from yr pov. There is no need to further support yr stand by quoting another person. Paiseh not sure who is Eric though 😂

@@YeeYang-w1m alright 👌🏼

Ya that’s for sure 👍🏻

This question is too general to answer without more specifics. The layout and project size need to be considered.

Thanks for your comment. For now, I can only talk about my top list without looking into the price. Because still unsure how much the developers are going to launch.

Location not bad, layout good but no balcony, anyway no view also. The one thing is already 21 years old condo.

Yes that’s a lifeline for Flora area. I expect the rental will be quite good. But when we talk about resale or subsale, it will be different story.

Ya because resale older 99 leasehold.

I understand that Hong Leong got Hedges Park through government land sales. Hong Leong owns Inflora and Jovell since many many years ago. Both were converted from freehold land and sold as 99-years leasehold.

​@@StephenChongPropertythat means these 2 cannot buy regardless of how cheap as no enbloc possibility. Like The Shore

Haha. But don’t have to think about en bloc for this area.

@@StephenChongProperty Think eventually can be enbloc. But must wait very long.

@@Gavin-g6r the very long is super long! 😂

Because back then, there are many other choices. Now, especially after Covid happened, everything is getting more expensive. This shows the purchasing power of Singaporeans and SPR are very strong.

Thank you. It’s a very general question. Must see which project to compare, even the unit itself also very important. However, with the general question, my general answer would be woodlands central for 3 bedroom.

Thanks for the response. Choosing between Casablanca (old and run down), forestville(a bit far), parc life, 8 courtyards and 1 Canberra.

For further discussion, whatsapp me at wa.me/6591887652

For the new launch at champion way, the 2 bedroom definitely will be fully sold within first few hours. But when it comes to resale in the future, the capital gain might not be upto expectation.

Layout is acceptable. However the prices shouldn’t be as high as the estimated selling price for the upcoming new launch in River Valley.

@@StephenChongProperty thanks. How about project attributes wise? Most CCR condos seem to have not done well

@@Luvmafammie may be you can ask yourself what particularly attracted you to look into this condo? That could be the demand factor of your future buyers. If this reason is rather weak or not so important, then you may want to look at something else. whatsapp me at wa.me/6591887652

Integrated development! 🤗 MRT + Shopping Mall + Popular School

Esparina weakness is multi storey carpark, Jewel weakness is the 3rd bedroom smaller. Jewel has higher price quantum. However, I think both the good and bad already factored into the price. So most important is which one suits your family and which one got better unit that fits your budget at the point you are buying.

Now Hundred Palms Residences not yet MOP.

@@StephenChongProperty yea, just thinking of options for next year when my partner and I are ready to purchase :)

@@wang3006d in this case, Hundred Palms. :)