7 Common Mistakes That Property Investors Made In 2023

I realise there are some mistakes made by property investors. Be it buying or selling. In today video, I will discuss the top 7 common mistakes that property investors made in 2023. They are:
1. Long Term Tenants
2. Buying The Wrong Property
3. Overpaying For a Property
4. Timing The Market
5. Fail To Sell
6. Buy Liability Instead of Asset
7. Divorce
Alan Wee
CEA Reg No. R024730A
wa.me/[phone]
www.AlanWeeProperty.com (Resale)
www.AlanWee.com (New Homes)
/ @alanweeproperty
FB: AlanWeeProperty
I am a licensed housing agent with ERA Realty Network Pte Ltd.
References:
www.businessti...
www.singstat.g...
www.businessti...
www.edgeprop.s...
www.mnd.gov.sg....
sbr.com.sg/res...
www.lta.gov.sg...
www.mas.gov.sg...
www.aspacebetw...

[@aave865]

Interesting to hear real life stories.

[@alanweeproperty]

Ya....that why that nephew was blessed.

[@ngym20s]

Can do a video on hdb lease buyback for old folks living in 40 yo hdb planning to monetize their flats

[@alanweeproperty]

ok. interesting. i will look into it oneday.

[@sepa3740]

You can own overseas property under some circumstances but just that you need to declare to HDB and HDB will review the appeal to hold on it to it under special circumstances such as they’re ancestral properties in which the buyer has only lifetime living rights but cannot sell or just a small shareholder etc.

[@alanweeproperty]

Yes. you are correct. need to appeal to keep. but for those normal apartment. usually its a no no.

[@liamporter1137]

Good advice.

[@alanweeproperty]

Glad it was helpful!

[@kenchua829]

Great video Alan

[@alanweeproperty]

Many thanks!

[@jerontis]

For your case study on the family of 4 that bought a new launch, are you referring to The Myst? All the 2 bedrooms for The Myst have 2 bathrooms but in the video you showed a 2B1B floorplan.

[@alanweeproperty]

i am not referring to any specific condo. i just randomly use a floor plan.

[@jerontis]

I thought so, but I think most viewers will assume it is at The Myst as the floor plan was shown immediately after.

[@alanweeproperty]

@@jerontis no lah.. That property they bought was sometime back n long already TOP...

[@yipkf18]

I like this type of topics. Industrial and commercial... sian. 😂

[@alanweeproperty]

LOL....dont like that...boring segment also have exciting lobangs.

[@yipkf18]

@@alanweeproperty ok

[@yipkf18]

​@alanweeproperty real life story! Doesn't mean u drive expensive car u are doing well in your career. I met an property agent in my condo during my key collection. He was driving a 5 series BMW. I was shock he was in the news. He bankrupted due to gambling habits in the casino.

[@hareshchandiramani4023]

Do you see value in CCR?

[@alanweeproperty]

Yes..why not.

[@hareshchandiramani4023]

Thank you

[@douglasang3527]

When Foreigners leave , Property Price goes down ! Like Hong Kong & China ! Simple logic ! 😅

[@alanweeproperty]

i think mainly properties that are targeted at foreigners will be impact the most.

[@dthomas99]

Wrong. I left but kept my freehold Spore investment property. Why? Spore is a choice country to invest, and freehold will retain value in land scarce Spore. Sell, then do what with the cash? Stock market too volatile. Crypto casino not for me.