Hello $5500 for seng Kang 3br is too high at the beginning la. City fringe or RCR areas won't drop much one
@YMWong-cb6ke3 ай бұрын
Don't mess with the property market then you don't have to worry whether the rental go up or down. Buy the type or size of house that you can afford, then go and stay there. Don't be bother by whether the property price goes up or down.
@lindc10703 ай бұрын
In the long run so long as we are not overstretched and can sustain, it isnt a problem. I have been a landlord almost 20 years. Have ridden out subprime and covid. Not a problem as we keep healthy amounts in cash. If we bought low , it isnt a problem even when rents are low as it still covers. Moreover capital gains have been great.
@foreveryoung9993 ай бұрын
How to make big money like that?
@xfall863 ай бұрын
Likely ocr.. City fringe especially near mrt no shortage of demand. 4.5k+ for 2b2b minimum
@steventay58342 ай бұрын
So many units at Citysquare
@fool11243 ай бұрын
Singapore rental market is volatile by nature because its its largrly depends on foreigners they come and go, unlike other countries there is large number of local longterm renter
@johnchua743 ай бұрын
Rich man problem. Many are even struggling to pay for their hdb. Sounds like a serious bread and butter issues but then affect only people with 2nd property and above. They are already living above average sgporeans.
@CatherineCarol3 ай бұрын
Looks like buying a condo for retirement with the intention to rent out is not a viable option bearing in mind the high cost of acquisition now. I agree market is very likely going south from here on.
@johnboon47313 ай бұрын
BY 2030 SINGAPORE POPULATION WILL CROSS 7 MILLION PROPERTY PRICE WILL INCREASED BY 50%. THE GOV HAD ONLY 1 WAY TO GROW THE ECONOMY IS BY “UNLIMITED INCREASE OF FOREIGNERS INTAKE”. SINGAPOREAN IN SINGAPORE JUST INVEST IN PROPERTY BECAUSE SINGAPORE POPULATION WILL GROW TO 7 MILLION AND 8 TO 10 MILLION BY 2045. 🙈🙈🙈
@nightowl41213 ай бұрын
Co-living, sub-rental may posed a higher risk for landlord, if strangers may have committed crime or used your property address for the purpose of illegal activities.
@Smallgyucow3 ай бұрын
Good news for young house buyers. House is primarily for stay!
@kiatsan57813 ай бұрын
If the RTS is ready. I think the rental market will worsen.
@janettan1153 ай бұрын
Transportation cost
@yimonthant20103 ай бұрын
But I dun think it will b so smooth like local MRT in SG. Would still be time consuming. And those who dun mind to travel back is only those live in JB near border. Not everyone can stay in JB and can commute to SG daily for work in terms of immigration and convenient reasons.
@steventay58343 ай бұрын
RTS : I don't think it has adverse effects on rent
@wesch42322 ай бұрын
This video is not correct. Condo rental has minor corrections. But last time there was significant increase. Overall its still a huge jump compared to pre pandemic.
@normantong34753 ай бұрын
All talk rubbish la rental coming down ? Do you do research ? No clues and base at all just .. many landlord still holding high refuse to negotiate..
@ngguankiat92373 ай бұрын
Location ! Location ! Location !
@Woohoohaha3 ай бұрын
Condo in the city centre, rental did not change and in demand. Maybe only affect suburbs.
@dragontan61323 ай бұрын
Yes business park and financial institution area good employment catchment area .. stable
@leonleong98633 ай бұрын
That’s what I am experiencing too.
@1965Singaporean3 ай бұрын
For rental income, never buy OCR.
@leonleong98633 ай бұрын
@@1965Singaporean clever!
@Jamestong-r8h3 ай бұрын
I totally agree with you that the condo rental market is in trouble now. There is simply too many supply in the market. Some of my friends have problem getting tenants for their condos and some have their asking rental reduce by alot. Things are definitely not looking rosy.
@dragontan61323 ай бұрын
Still have tenants around .. its about pricing
@1965Singaporean3 ай бұрын
@@dragontan6132during the 2000 era, we landlord suffer the most. Lucky we have PAP! 😅
@tgfss41663 ай бұрын
Dragon mentioned about HDB. Just curious does the rental dropping also include room rental for both HDB and condo? How much does it cost to rent a room in Seng Kang for HDB and condo near if MRT?
@loyckfiona3 ай бұрын
Rental in Sin under control….look back 5, 10 years ago. Chilli, onion price went up by a lot but rental? Not really.
@byebyefiat3 ай бұрын
Very Good
@LIEWYEETAT3 ай бұрын
From Sg scenario,Too many supply but low domestic income. Just hang the price in the sky. 2:07
@Revhappy8293 ай бұрын
As a foreigner who is renting, I am rejoicing. 😁
@SilverSpoon20223 ай бұрын
2 of my friends managed to rent out their condo at holland road n Simei recently. Their rentals are still good .. I do not think the rental market is all doomed as mentioned. There r many expats who still come to work in Singapore. In fact it is those friends who bought properties in jb that are bleeding. They said Malaysians do not buy condo as they only want to buy landed so they have exit problem.. cannot sell their properties. Another few friends told me the landlords in Malaysia do not pay condo maintenance fees n after a few years the condo become old n not well maintained n they have problem renting them out .. new condo sprout out n tenants go for new condo .. rental issue .. So before u put your $ to buy MY properties, think who are u going to sell to next time .. Over the years, many friends have bought Malaysian properties n so far, none have made any $ (after conversion to sgd). I will consider v v careful before I put my $ there. Ok to go there for food, massage, groceries but for investment, I will think twice ..
@dragontan61323 ай бұрын
Yes .. as mention , tertiary estates, high employment catchment area like Business park are still doing stable😊
@SilverSpoon20223 ай бұрын
@@dragontan6132their condo is in holland road, not anywhere near tertiary institutions.. the other one in Simei also not near any institutions.. It may take a longer time to rent out but definitely not as doomed as u make it to be. Many expats especially those in finance are still coming in. Singapore does have a long list of talents from overseas wanting to come here to work n live. We are now a very attractive city for foreigners who want to work, bring up kids in sg. Those foreigners that left Singapore may not be the top talents that we want to attract. So no need to be alarmed that some foreigners want to relocate elsewhere. For every 1 foreigner who wants to relocate, 100 more are on the wait list to come here to work n bring up children. Singapore is now a powerhouse.. we want talents that can lead our guppies so they will have budgets for our rental.
@dragontan61323 ай бұрын
@@SilverSpoon2022 🫰🏻 soften not doom .. sg fundamental still good 🫰🏻
@dragontan61323 ай бұрын
@@SilverSpoon2022not doom la .. soften .. sg fundamental is good
@SilverSpoon20223 ай бұрын
@@dragontan6132 yes soften compared to the hike n craze in 2023 but definitely not in trouble as stated on the headline of this video.. In fact I think properties r back to those pre Covid days ..buy properties for long term, not for speculation.. In the long term, population will increase, there will be need for housing.. it can be used to hedge against inflation. Research shows that in a normal interest rate environment, every 10 years the property price will double n I found that this is true.
@Sawadiipeter3 ай бұрын
I have an one bedroom condo. Before covid, i was renting out at $2000. When rental peak, it was rented out at $3200. Now it is going at $2700. Still better than before covid.
@yusenzhan97673 ай бұрын
Should consider inflation and mortgage costs.
@fool11243 ай бұрын
Cost of everything has gone up tremendously, cost of repair, GST, maintenance fees, taxes
@gizamlukeable3 ай бұрын
Property tax have increase substantially. High rental income = more tax
@superconnie50033 ай бұрын
$2700 - gov tax-maintanence-sinking fund.And unlikely you fully paid?
@biirian3 ай бұрын
Then only capital gains asset. No need cash flow or out of pocket every month also ok
@liweiquek73823 ай бұрын
Problem of co living is cleaning, cooking, share of fridge, washing machine. High wear and tear.
@oceanlow34713 ай бұрын
No one wants to be responsible
@dragontan61323 ай бұрын
Yes … that’s why some landlord can accept some landlord cannot accept
@lilaclaicc3 ай бұрын
The tides have turned...
@chaz46093 ай бұрын
Jai Hind. I am still bullish on HDB rental because Indian origins would normally rent there,
@dragontan61323 ай бұрын
Yup .. we still have tenants around
@DorJinTan3 ай бұрын
Jai Hind!
@1965Singaporean3 ай бұрын
😂😂😂 must ask for 3 months deposit, if not they will not take care of the unit. I prefer not to rent to them 😂
@choonhockong82153 ай бұрын
Headache renting them, lousy social behaviour, noisy kids no parental supervision. Especially in hdb estates.
@oceanlow34713 ай бұрын
Location location location again
@dragontan61323 ай бұрын
Convenience ya .. important especially for older folks & younger children
@yf66013 ай бұрын
But Ku Wee Yong said this: "Based on the new sales by developers in the last 5 months, we will be lucky to hit a total of 6,000 units sold by developers in the whole of 2024. A line in the article about Govt Land Sales, "The total supply of 11,110 potential new private homes that the government is releasing this year will be the highest supply introduced into the market in a single year since 2013."
@MasterLeong883 ай бұрын
seems like a lot of fomo into JB properties gg
@tomasyan43333 ай бұрын
Nothing new Demand vs Supply Location too
@Straightfromtheheart8691Ай бұрын
How about rental landed property Dragon?
@stevenyip26313 ай бұрын
That's Way of The Dragon. Good job. 👍👍
@SKRoy-bs8vc2 ай бұрын
If we want to sell back HSE in malaysia
@Confidence_and_Fitness3 ай бұрын
everything to pap voters are cheap
@yexiaoyunban79683 ай бұрын
Minimum lease legally is 3 month for private.
@biirian3 ай бұрын
Market up and down..why so kan chiong!
@ricohflex7773 ай бұрын
20,000 PROJECTS do not mean 20,000 units of condominiums. 1 condominium project can have 3 blocks of condominiums. Each block can have 50 Units. So 20,000 projects can mean 20,000 x 3 x 50 = 300,000 condominiums additional. Coming on the market in 1 year. Did Dragon Tan use the correct terminology? If he does not know the difference, then what kind of real estate "expert" is he?
@xack-t1s3 ай бұрын
You talking bout malaysia or Singapore????
@SKRoy-bs8vc2 ай бұрын
I know dragon tan
@SKRoy-bs8vc2 ай бұрын
Wat about toilet
@TL-xw6fh2 ай бұрын
Looking in from a foreigner's perspective, it seems like Singapore may be a rich country, but it does not necessarily mean that Singaporeans are "rich". Life is a struggle, everywhere in the world and being "rich" does not necessarily bring happiness. It's better to be happy.
@aurvandil16883 ай бұрын
Property market is headed for a modest down cycle. Those who going to be in the most trouble are those who bought leasehold in popular launches hoping for a quick flip. Even if you have holding power, the lease draw down from bagholding during the down cycle will eat into the resale price.
@jkalmon3 ай бұрын
Care to explain what u mean by modest down cycle?
@steventay58342 ай бұрын
Prices likely to correct a little
@superconnie50033 ай бұрын
Certain nationalities cannot rent at all.
@qiangming31523 ай бұрын
From URA: Internal partitioning works within a residential unit can be allowed without planning permission from URA if the unit continues to retain a self-sufficient layout with essential communal spaces and amenities. This means the residential unit should generally maintain a regular-sized living/dining area of 20sqm in size and 3m in width or larger. The original layout of spaces like kitchens, service yards and balconies etc. should also be retained and these spaces are to be excluded from the living/dining area computation.
@qiangming31523 ай бұрын
This means the residential unit should generally maintain a regular-sized living/dining area of 20sqm in size and 3m in width or larger.
@qiangming31523 ай бұрын
So partition living room into 2 bed rooms is illegal!
@byebyefiat3 ай бұрын
@@qiangming3152obviously
@M3Services1683 ай бұрын
Private and public housing partitioning requirements might be different.
@qiangming31523 ай бұрын
For HDB, Only bedrooms originally constructed by HDB can be rented out. All other parts of the flat (including partitioned rooms) cannot be used as bedrooms for tenants.
@AshleyWinifredLim-jv9ke3 ай бұрын
The agent as always unclear. Dont know why you bring him into your videos
Every year 30k citizens & PRs are indicted into the population
@nickyyap16633 ай бұрын
Don't worry, most properties investment is short term pain but long term gain. Remember a bird in hand is worth two in the bush.
@leeaaron78563 ай бұрын
Rentals fluctuate all the time in SG. This is normal. We came out of COVID with severe under supply situation which drove up rents. Right now there is a push back due to more incoming supply of housing. This is expected. Those landlords that can survive are those that are not heavily leveraged. Also, if you can survive during COVID times, you can survive anything. This period now isn't that big of an issue.
@dantofl88113 ай бұрын
The “law” is 3 months la. How this guy can be so ignorant when he calls himself a property agent.
@MasterLeong8883 ай бұрын
oh nooo
@holdthel1n3312 ай бұрын
i have 2 personal cases from 1 is grab friend & 1 is colleague Expats earning $30k & $29k respectively. Both are with family 2 kids. pack their bag and left singapore.
@steventay58342 ай бұрын
So?
@davidchan91873 ай бұрын
HDb also very bad now rents falling - not good to depend on rental income anymore 😢
@SKRoy-bs8vc2 ай бұрын
Property guru actually provide wat can I get dragon tan number,
@goheechoo3 ай бұрын
And there are still people thinking of increasing rental.
@erickoh523 ай бұрын
Why not, if 2 yrs ago you leased out a 1200 sq ft 2 room condo that 100 m away from mrt station only at $2600, coming oct lease expire your neighbour is renting out 3.3k, you should hv no problem to renew yr rent to $3.2k.
@goheechoo3 ай бұрын
@@erickoh521200fts condo at 2.6K is really cheap, yes should follow the market and adjust upward.
@1965Singaporean3 ай бұрын
Even down market I also increased rental, not much 50 to 100 during down turn, long term tenants will not want the trouble to move. Good landlord hard to come by.😊 after Covid is 50 to 100% increase 😂.
@abcxyz12423 ай бұрын
Thks Mr Loo and Dragon for the wonderful sharing. Very meaningful. 👍👍
@Xiaomalu3 ай бұрын
Thank you government for launching unlimited GLS and BTO, house is for own stay not to Huat Huat
@lowsookheng70453 ай бұрын
Loo, can i have Dragon.. contact.thxs.
@kengleetan633 ай бұрын
When that someone so over estimated the market that they could collected way over 100% more property tax in 2023. LL especially those in condo knew they are going to be in trouble. Not only does interest rate remain high, principle for condo are always way higher.
@jleong9023 ай бұрын
Is the property market forming a bubble? 🤔
@xack-t1s3 ай бұрын
YOU TALKING BOUT MALAYSIA OR SINGAPORE?????
@coins_investmentsg3 ай бұрын
Very good news....now is time to force sell condo as low rental can't cover mortgage repayment + possible retrenchment, RTS is also coming in end 2026! Do not trust ppty agents
@dragontan61323 ай бұрын
Wow … not that jialat .. sg fundamental still stable .. ok one
@maywang24723 ай бұрын
@@dragontan6132not to worry,if private condo jialuck,million hdb lagi jialuck😂🎉
@KelvinTan8083 ай бұрын
minimum lease is 3 months. Not 6. URA
@lionelgan71343 ай бұрын
Thank Mr Loo and Dragon for sharing the recent developments of Spore property market.
@cashewdadify3 ай бұрын
Current rental prices are still way ahead of pre-covid levels. Let inflation guide capital appreciation and rentals cover the mortgage and cash flow. perfect combination!!
@Tango_Vic3 ай бұрын
Dont buy condo
@ylein65083 ай бұрын
How did he use his wife name to buy a condo?? Like the wife take the loan using his money?
@1m653 ай бұрын
Decoupling
@liruoyi33693 ай бұрын
Can u recommend your msian property agent pls??
@1m653 ай бұрын
Email me! Loochengchuan@gmail.com
@superconnie50033 ай бұрын
Anyone suprised?
@ImagesOfCountries3 ай бұрын
Mr Loo rocks ! ... 😊
@boonliangkhoo17503 ай бұрын
minimum 3 months for Condo, 6 months for HDB......
@margaretchong14503 ай бұрын
What he is saying landlords prefer 6 months lease than 3 months.
@byebyefiat3 ай бұрын
co-living by partitioning is illegal no?
@philippelee57203 ай бұрын
Can don’t get caught 😊
@lightaiyee3 ай бұрын
Mr Loo, please refrain from interrupting. It is not only basic manners, but also basic interviewing skills not to interrupt during an interview. Thanks.
@SliceNdicez3 ай бұрын
I think his interruptions were well timed and managed to allow Dragon to add additional information he would otherwised have missed when addressing a less familiar audience.
@KC-sf9mk3 ай бұрын
It is not an interview lah. Just two buddies taking turn to share their valuable insights with us. Appreciate it very much.
@garlicbread683 ай бұрын
Old man only like to hear themselves talk. It’s the unfortunate truth .
@btbt22063 ай бұрын
Mr Loo is not doing an interview. Don't think he was interrupting. It was more like a chat session with a friend. You need to learn to use "kindly refrain" and not "pls stop". Do not tell others "pls learn". It sounds condescending. I hate to say this but you need to learn more about being polite
@lightaiyee3 ай бұрын
@@btbt2206I agree. I will remove the "please learn" part.
@hbianl56613 ай бұрын
private condos rental regulated is 3mths minimally not 6mths
@whyh3 ай бұрын
3 months for private residential properties (condominiums, apartments, landed homes) 6 months for public housing (HDB flats)
@dragontan61323 ай бұрын
Yes .. 3 mth for condo and 6 mth for hdb .
@gregsing6523 ай бұрын
So they should verify or fact check before publishing lest giving wrong impression!
@whyh3 ай бұрын
@@gregsing652 I think Dragon was giving the answer that covers both private and HDB properties.
@nikh26073 ай бұрын
Unfortunately, Rental markets are managed by property agents and not owners. Agents usually doesn't lower the rentals despite the fact rentals before covid was much less. Owners and agents should understand market is cooling off and they should not expect the rentals as before anymore. otherwise, they anyways face the heat of loan EMI's and rising housing tax.
@wiladdbkn2353 ай бұрын
I am an Co-Living Operator. Co-Operator maintain the premise more proper than renting to a family
@1m653 ай бұрын
What the URA on this?
@margaretchong14503 ай бұрын
How much does co-living operators charge for management fees? Who pays agent commission when filling in tenants?
@margaretchong14503 ай бұрын
Right now, stamp duty is paid on one TA, but when subletting brings in so much more, how is the money made taxed?
@q1000q3 ай бұрын
Not tht bad one....always be fts coming in, younger ones too, some just share 4 pax in 3 rm, still managable
@BernardLee-x7i3 ай бұрын
That is why we shouldn't be swayed too much by housing agents to purchase properties as "investment" and take all too much loans. It all boils down to how much leverage U take on and you and only yourself can truely decide how much loan you want take on. Don't be persuaded or be sweet-talk by those housing agents..end of day, U default on Ur loan or have cash flow problem..the agents wouldn't be there to "help" you. Once they obtain their commission, their job is done and they disappear
@dragontan61323 ай бұрын
😂😂😂 .. not all from hell . There are good souls as well . Human is capable of doing both good and bad … i have seen agents doing pro bono for the poor too .. i applaud them as well
@BernardLee-x7i3 ай бұрын
@@dragontan6132 well agents are typical salesman..they only communicate and mention good pointers and avoid bad pointers outright. You don't ask, they wouldn't mention outright. You ask, they reply in general or try to structure the reply in a positive manner to lessen the impact of negativity.. so trust no one but your own good self judgement and calculate your own risk. Rmb to factor in future loss of income (due to unforeseen circumstances/health issues), loan interest increase (alot didn't factor that and assume that loan repayment sum will remain the same), increase in mthly maintenance/sinking fee.. Housing loan repayment should be limited to max 10% of one's income.
@byebyefiat3 ай бұрын
sleazeballs
@ypc123453 ай бұрын
Can you stop interrupting the speaker. Old people always do that.
@georgetang34893 ай бұрын
Aiyo don’t be so bad , uncle loo ask for clarification..host ask for more info ℹ️
@ngohjlful3 ай бұрын
People think they can get "extra" money from rental.. Just have to be realistic about it that it is not always the case. During covid, it is shown that remote work is possible so all those backend support can move or move back to lower cost countries... Also, all these FWA policy is a double edged sword also.
@M437823 ай бұрын
Shadenfreunde :D
@benteoh66803 ай бұрын
Sufi’s, I need to gettinedd to add to your telegram