308 Hougang Ave 5: $738K | Super Rare 4 Beds 4 Baths Jumbo | 7mins to MRT | Home Tour (Melvin Lim)

[Sold Notice: This Property has been sold by PropertyLimBrothers, thank you for watching our content and thank you to all Buyers that came for physical viewings. ]
Launch Date: 07th Dec 2019
Sold Date: 12th Jan 2020
For enquiries to List your property for sale with PropertyLimBrothers. Kindly visit www.propertylimbrothers.com for more information
To view other properties for sale: Click the 2 links here:
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308 Hougang Avenue 5, an HDB development located in District 19. This super rare jumbo unit consists of 4 bedrooms and 4 baths. The unit is North-South oriented, meaning you are free from the dreaded west sun. Amenities such as Shopping Mall, Coffeeshops, Community Centre, and Park are just a stone's throw away. Schools within 1km include Holy Innocents' Primary, Holy Innocents' High, and CHIJ Our Lady of the Nativity. Additionally, Hougang MRT Station and Hougang Central Bus Interchange are just a short walk away, connecting you to the whole islandwide.
#308HougangAve5 #JumboUnit #PropertyLimBrothers
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PLB Senior Listings Manager, Christina Tan @ wa.me/6586999440
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© PropertyLimBrothers™ 2019
PropertyLimBrothers Team is an independent team under the umbrella of Propnex Realty Pte Ltd (Agency Licence No. L3008022J) ∙ 480 Lorong 6 Toa Payoh, #10-01, HDB Hub EAST WING, S310480

[@jackchen8934]

This unit is left with 62 years only. Imagine you buy, and have to stay for 5 years MOP. It will be left with 57 years only. When a HDB flat is left with lesser than 60 years remaining, restrictions start to kick in, and it becomes difficult to sell, and thus value will start to drop drastically. If you buy at $768k, you are "rescuing" the seller, because then he gets to discard his deteriorating-value HDB and jump to somewhere else. While you are stuck with it. Good luck to whoever that buys it at this price.

[@WesFx]

Yeah property agent are only keen in selling n making quick bucks. They wouldn't let u know all this fine details. For consumers who doesn't do research, you're digging your own grave. Selling at $768k, I rather get a new BTO 5 room, or a condo. Even though different layout.

[@jackchen8934]

Real life case study: In Jan 2019, at Blk 24 Eunos Crescent, a similar flat (two 3room combined into one), remaining lease only 57 years, was transacted at only $475,000 Imagine your value dropping $200k to $300k just after 5 years, if you buy at $768,000. Or, just wait for 2 more years, and this unit price will drop tremendously, then buy.

[@joshualim333]

Interesting perspective. What would you reckon is a good buy in your opinion?

[@wahidahayub7172]

I'll definitely buy this for my retirement plans after reaping profits from the sale of my private property, this jumbo will then be fully paid. By then its a property for stay and at the same time minimal investment. I will bring up the wall back so that I can rent out the other unit. Since its an old jumbo HDB flat with short remaining lease, price will definitely depreciate in future thus the only advantage of jumbo is that one unit you can rent it out and owner lives in the other unit. Owner will still enjoy their privacy with the two existing main doors for entrance. This way ur milking out your profits in cash each month, you dont even need to fulfill your 5yrs MOP to rent it out as you're living alongside with tenants, its as good as having a dual-key unit like private condos. This way I can also avoid the steep ABSD if I wish to buy a second property for rental yield. Jumbo allows me to do that but with less pressure on the financial part. Just my two cents worth☺️ What are your thoughts propertylimbrothers?

[@jackchen8934]

Joshua Lim A fair price for this unit will be approx $600,000 only. Assuming that the rental I can charge for this unit is $3200 per month. Total lifetime rental for 62 years = $2,380,800. 25% of lifetime rental = $595,200. This would have been my best highest offer price. The current asking price of $768,000 is 32% of lifetime rental. Which is nuts, because even a brand new launched condo price is selling at the same benchmark.

[@lulukobe8nba]

Definitely lease period is a main concern

[@boomboom1258]

I'm Malaysian and I'm honestly very impressed with this apartment.

[@OrdiNance]

nicest jumbo i've ever seen.

[@jackchen8934]

Turns out it seems that this unit was sold for only $660k. That is a drop of $100,000 from the original asking price!

[@lyhthegreat]

this is actually better than buying a condominium imo

[@gemasboy]

How do I find the transaction prices for resale units? Coz Im trying to look for other units

[@pepegamax]

3.45 poor doggo waiting for his owner to come back

[@misssophie7541]

The bedrooms and toilets are not nicely renovated. But the kitchen and living area are nice.

[@andrewsitu5107]

The longest-held opposition ward in Singapore. 28 years straight and no sign of losing.

[@Shirlynlm]

Very nice renov for a jumbo unit but the lease period left is not ideal

[@euengelion]

Props to the cam operator. Butter smooth bby

[@linslins4860]

Looks hot and humid. Not windy at all.

[@dt4737]

If I will spent so much money to buy this unit I would consider who will be my neighbour.

[@pengpeng8034]

👍

[@fool1124]

My 5 rm hdb is 135sqm I don’t like the open concept and how the kitchen is designed, it’s kind of weird

[@stewiegriffin8105]

Time to buy my neighbour's house NOWWW

[@fool1124]

You only allowed to own 1 HDB, this video is misleading

[@Ashershey]

I can buy a bungalow with that price in other countries.

[@oXiRockMoreThanYouXo]

Love your videos but Melvin, can you please work on your pronunciation :) looking forward to the next video!

[@andytonne8008]

spot on lol

[@tinatan2031]

Also ‘cut’ out excessive use of ‘actually’!

[@DavidLee-tn3mo]

Love your Singlish Melvin. Don’t need to work on your pronunciation 🥰

[@kennethl2400]

Wah 38 years old already older than me man. But for the size. Ok lah

[@fool1124]

Literally it's still 2 HDB units, so you need to four persons name on the property.

[@ymc9083]

that beam above the sofa and dining table. bad feng shui

[@jaslyn8313]

take a shot every time he says "actually"

[@zacoh3066]

I actually feel you actually.

[@TLH788]

Nice spacious apartment to have it with 4 bathrooms..

[@tommyfield8449]

Yea definitely spacious but kind of dislike this type of layout. Would have prefered if this was a combined of a corner unit + a 4rm unit. Mine is a corner unit(5rm unit,4rm with a balcony) while my neighbour is 4rm unit. Imagine you combine my unit + my neighbour unit,it will be 7 room,4 Toilets & 1 balcony. Those who love open space type,this is suitable for them.

[@JJ-iu6sr]

Great video showing the property. The host, Melvin, speaks really well and clear.

[@joshualee6765]

this one u guys knocked outta the park... i always complain about things... but this unit has the ability to congregate what u want in a unit without sacrificing alot!!! maybe i need to look for 2 side by side units to make into one... so much to change n able to make MY own on this unit... without the crazy cost... cuz alot i would leave as is without a paint job cuz i hate white... white makes me think of prison lol

[@twinklestars95]

Same i dun like white too, but it seems that the white on wood interior design is the trend now esp among young families. I really dun like the full white kitchen cabinets, the rest are bearable

[@rosetay9314]

Was it camera effects? The jumbo is only 134sqm but the house looks like bungalow space 😱

[@secondromeoanl4753]

They shot this clip with Iphone X. 7:18

[@syedevi5393]

So we can buy 2 flat?

[@iblessyou.forextrablessing7597]

Jazcuzzi room in 2nd kitchen

[@sunsetbay85]

Do we need 2 owners to buy such house?

[@OrangeTweenStudio]

Meanwhile I'm watching this video from my 300 Sqm owned landed house which costs the same with their renovation fees 8 years ago. ...from Indonesia...

[@shadezhadi6915]

You can't compare a third world country with a poor infrastructure against the advanced Singapore.

[@JamilArifin007]

$738K? for apartment? wow i dont know SG apartment will be this expensive....better u buy house at Malaysia...u will get Semi-D/Buglow/Land...

[@eugenesim4174]

can i just buy that dog in the background? :p

[@garrysim]

I want the dog!

[@buzzplayer2944]

Where?

[@PropertyLimBrothers]

🤣🤣

[@JackyJacky-hb5hi]

I saw the furkid 😍😍😍

[@RonLarhz]

@@buzzplayer2944 3:06

[@liewsimyee7023]

Idk why it recommended to me. Haiz. Maybe I have money to buy such house soon. Actually I don't like to walk so much this house is too huge la.. then the style I don't like.. I like round table compared to square.. too much edges make me feel scare to fall down or walk too fast hit the edges ouchhh...

[@imnotsurewhy]

It's such an awkward layout. Too much walls and corners.

[@Josh890_0]

Lease left?

[@jackchen8934]

Left 62 years only. Super old already.

[@testor9]

how much earning power and CPF money must be in to typically afford such house?

[@LadyLuvGemStones]

.. I could feel the pain while this fella trying very hard to explained of the entire video ..

[@howrupal]

I feel you too. It is kind of painful to watch.

[@LadyLuvGemStones]

@howrupal :: exactly ..

[@pyt6631]

very "busy" video explaining what the spaces used to be, that is more for an interior designer to say instead of for the purpose of selling the unit...

[@joel-cx7hm]

I didnt know you could do that tbh. So am i allowed to buy the flat above mine and combine it? My current one is a mansionette ( smaller second living space thn the first lvl ) so am i allowed to combine one on the floor above mine with my second floor?

[@fool1124]

Of course you are not allowed. He is not telling the whole story.

[@letsnumbercafe4768]

$762k for such an old flat... A joke.

[@luv-nnd]

The renovation costs more than 100K.

[@Ccb88888]

Funny the way he uses the word 'carpentry'. Isn't it just a fitted cupboard?

[@kestercheong8757]

its a common term in sg reno

[@Alphasmsn]

Why are there 2 bedroom 2 and one of it is a bathroom?

[@alfdale8513]

still available or sold ?

[@igivehonestcommentsonly]

why the dog not moving one

[@cktan6649]

the way of marketing properties has changed. again

[@vlogkylee7382]

No point buying it. No value.

[@zacoh3066]

Actually x 9999999999999

[@kapoh]

Feng Shui wise I don’t think it’s good.

[@91091622]

Wow👏👏👏👍🥰

[@geeeforce]

Stay away from toxic assets like these

[@diyanaabdullah4255]

Agreed. Conditions apply: 99 years LEASE!!!😟

[@jianxiongRaven]

1:58 lol . thts not huge

[@PropertyLimBrothers]

[Sold Notice: This Property has been sold by PropertyLimBrothers, thank you for watching our content and thank you to all Buyers that came for physical viewings. ] Launch Date: 07th Dec 2019 Sold Date: 12th Jan 2020 For enquiries to List your property for sale with PropertyLimBrothers. Kindly visit www.propertylimbrothers.com for more information To view other properties for sale: Click the 2 links here: bit.ly/PLBListingForSale resale.propertylimbrothers.com

[@alicetan7825]

P

[@ceejayyy1247]

why isit so cheap ??? Shouldn’t it go for at least 1mil ?????

[@jamjamjam13]

No one wants to live in hougang

[@Jes7386]

@@jamjamjam13 LOL

[@elevatorfilmersg]

ceejayyy Cheap? Read the top comment of the comment thread. I kind of pity the buyer if he paid the asking price.

[@RonLarhz]

Loction, unit floor, lease left are all considerations.