How Profitable is New Launch Condos in Singapore?

Is it still worth while to buy a new launch?
In this video, I will be sharing
What is the estimated returns in 3 years?
Will I make more if I buy a bigger size/layout?
Does the returns make sense after all the costs?
Comment below what you prefer? New launch or resale?
🔥 Upcoming property webinar "How to choose the right new launch and profit 20% and more"
📌 bit.ly/savvyrich3
🎬 Register now!
New launch ROI calculator -- bit.ly/newlaunchROI

[@savvyericchiew]

🔥 Upcoming property webinar "How to choose the right new launch and profit 20% and more" 📌 bit.ly/savvyrich3 🎬 Register now!

[@ThePropertyBean]

Hi Eric, thanks for your video. To me, you have only proven you can make big money if you buy a property at a good timing. Not so based on location. Let me tell you, if you were to buy an average property during Covid, you will also make big money. I challenge you to repeat this feat based on buying now and sell it 3 years later in 2027, on a good location property.

[@savvyericchiew]

Will do more examples soon 🥂

[@chinchowpowpook]

Sounded like u missed the boat and trying to prove meaningless stuffs

[@ThePropertyBean]

@@chinchowpowpookActually I have been watching Eric's videos for sometime now I must say he has a very good metric system to identify good properties. I would personally recommend his methods. Having said this, you can earn big bucks in the last 15 years eversince the financial crisis in 2008 because we are in a rising market. However, the prices are peaking now, and the margins are getting thinner, therefore more difficult to find a good one. But it's still profitable in Singapore.

[@wwc7134]

@@ThePropertyBean eric been challenging and winning for over 10yrs.

[@birdangry4835]

because this was launch before 2021. new launch price didnt jump that high

[@savvyericchiew]

Yes this is special cos it’s Covid period. Will do more examples soon 👍

[@wwc7134]

@@birdangry4835 u wait for The Reserves. Launched in 2023. Will huat super big for buyers

[@2244668810as]

Private affordability ratio is at 13. Although so many property agent try to convince me that the 20% are the top income earners, I choose to believe that it is due to the entry price then vs now. Thus with the increase in gross income due to inflation, the affordability accelerated. If you enter the current market as a HENRY, there is no way you can hit 13, overpaying for the property.

[@savvyericchiew]

😆😆

[@hgft274]

With new launches at current high psf, buyers should seriously consider FH/999 year inter terrace if they need the size.

[@savvyericchiew]

I agree! 💯

[@Godfather1921_melo]

Yes, for those ppl buy reserve residence with 4 or 5 mil i really don’t understand, beauty world lei? Last time very ulu! I think it I were them , I would rather buy inter Terrance

[@fsoh06]

Hope to have the excel sheet! Thanks Eric for the sharing!

[@savvyericchiew]

Sure will do the link up soon!

[@zhtham]

Hi Eric, thank you for your videos. Very insightful with a twist of local humour. Can you share about new launch ECs profit/loss(if there is) and show us how you analyse the profits. Interested to learn!

[@savvyericchiew]

It will be cool to show hundred palms EC. It should be the highest record profit. Let’s do it in December when they MOP 👍

[@hummit]

Great content! Thanks for the analysis! 👍

[@savvyericchiew]

🥂🥂

[@lcldan]

Please do more of these, especially amo. thank you

[@savvyericchiew]

Sure!!

[@michlim2520]

Using the 2br as an example, BSD for 1.26M is 35k. Seller agent commission of 2% for 1.56M is 31K. The net profit should be minimally 60K off the gross profit (shown as abt 31k in ur 2br example), even without legal fees, cpf or bank interest.. ? pls correct me if i am wrong. ..

[@peacemakerz2378]

Yes this is correct. But still make money isnt it?

[@michlim2520]

@peacemakerz2378 I did not question it's profitability. The calculations can be more accurate though. Not every launch will be as profitable as Clavon, so realistic calculations give a better sense of breakeven first, then profitability

[@savvyericchiew]

Many ppl use your way to calculate returns. My method is how much money I use to make the final returns.

[@wwc7134]

Go for fixed rate selling agents, since its TOP. Not much staging needed 😉 Just a flat fee of $4999?

[@michlim2520]

@wwc7134 thanks ! That's an idea worth exploring !

[@CharlotteTan-yl5xm]

Will be good if can also take into account the covid effect causing prices to shoot up during those covid years, which may not happen again.

[@savvyericchiew]

Will do more examples 👍

[@CharlotteTan-yl5xm]

@@savvyericchiewBy right most of the other examples of new launch condos would have ridden the covid wave. Amo, etc. Except for condos launched in 2024 where covid effect is truly over. But we'd have to wait three years later to analyse the earnings.

[@savvyericchiew]

@@CharlotteTan-yl5xm yes I will keep doing it 👍

[@mic_sleepyhead]

Agree with Charlotte. Post covid the score for most projects for entry price will be cui irrespective of the project...

[@joeljunjie]

Wonderful video Eric. I understand you are a strong advocate of properties near mrt. However these projects have appreciated a lot over the last 3 years while those that is not near mrt has not appreciated that much. I am wondering on your views of upside potential of such projects, ie could it come to a point that you may make more than those beside mrt.

[@savvyericchiew]

It’s all about entry price 😆

[@CJfoo2017]

I hope to have the excel sheet too. ☺️Very good video and thank you for sharing👍

[@savvyericchiew]

Try this bit.ly/newlaunchroi

[@johnchua5369]

Market is cyclical. Nothing goes up forever. For SG property to rise continuously, local salary must keep up. If everyone thinks of buying to sell later, soon there will not be enough liquidity so sustain. The current private condo rental market is the best example. Definitely not the best time to sink into over price new launches today

[@savvyericchiew]

👍👍

[@ernestng4650]

Grandeur Park Residences versus other projects around Tanah Merah mrt?

[@savvyericchiew]

Too many condos in that area 🥲

[@megiddovalley]

Thanks Eric! Super insightful. Can you please do an analysis of Emerald of Katong?

[@savvyericchiew]

Will review soon

[@TerenceLee-b8e]

Hi Eric, would you still advise me to go for your one-on-one consultation if I'm only looking to invest in one condo? My budget is also limited, at around $1.3 million.

[@savvyericchiew]

1.3m can potentially get a good resale 3br. I will guide and shortlist the best you can go for in my 1-1 👍

[@ongweelim6030]

Eric will u do a video on popular or good condo launch prior or on the day they launch. I feel u are dam good in your video. If u can do that be good because potential buyer can save making mistake and need to withdrawal decisions then lost 1/4 deposit

[@savvyericchiew]

Thank you so much for your kind words. No matter what I do, there will still be buyers for bad projects 😆

[@clarencelai4143]

It’s not a good reference coz most resale condo appreciate higher than this new 2021 launch over the last 3 years. For example, Bartley Ridge increase 35%++ easily over the last 3 years, it’s machap free stay and makes more money. New launch still has its perks though, lesser capital layout in monthly mortgages

[@savvyericchiew]

Congrats to your Bartley Ridge! 🥂🥂

[@clarencelai4143]

Nothing much compared to your landed. Congrats to you too 🎉

[@savvyericchiew]

@@clarencelai4143 😊

[@chrishocb]

Hi Eric, thanks for sharing 💯 Don't we need to account for the principal/outstanding loan that we have to return to the bank (on top of the interest you mentioned) ?

[@savvyericchiew]

I have factored that in too 👍

[@sun41566]

Guys During that period Almost all New launches made money (exceptCCR) THE MAIN REASON IS ENTRY PRICE That's why i am keep commenting Now NEW EC You buy don't expect to make money in next 5yrs Forget about CONDO altogether Entry price is what matters Whether its New or resale Good luck

[@savvyericchiew]

EC makes good money too 👍

[@JCx-dj4tw]

Excellent info. Sounds exciting . I would like to have the excel spreadsheet.

[@savvyericchiew]

Sure

[@JCx-dj4tw]

Thanks

[@amandalim3391]

Hi Eric, thanks for the insightful video. However I was wondering if The Tembusu (freehold) 2b2b is worth buying at this day and age? 😅

[@savvyericchiew]

🫣😫🤢

[@liionelbooon]

easy to make gains when the entry price was lower then - definitely hindsight. but looking ahead, most of the developers are going to price their properties from 2200/psf and beyond - are we still going to see 14-40% ROI ? Or will resale be a better hunting ground now....?

[@savvyericchiew]

I will do videos on resale and also comparing more new launch projects returns 👍

[@liionelbooon]

@@savvyericchiew ups for you! thank you!

[@yongmengtan8827]

Thank you

[@savvyericchiew]

👍👍

[@GuOeR84]

Please do Penrose which is going to TOP soon latest Oct 2024! 🙏

[@savvyericchiew]

Sure!!

[@Thedeark]

Would like to hear your view on Parc Clematis too😊

[@savvyericchiew]

Got good school lor 😆

[@ongweelim6030]

Very good video. Can u share the spreadsheet link. Hope to see more of such motivating video on new property launch as an investment

[@savvyericchiew]

Try this bit.ly/newlaunchROI

[@jonrebec]

​@@savvyericchiew The link seems to be not valid anymore..

[@savvyericchiew]

@@jonrebec try again should be ok now

[@amandalim3391]

Hi Eric, just wondering if The Tre Ver is worth buying now for 2B2b? 😊

[@savvyericchiew]

🤢🫣😫

[@Jr.LH5]

Hi Eric, Thank you for the videos, can i have the excel link to calculate? TIA.

[@savvyericchiew]

Will do up the link soon

[@AnarchySWF]

@@savvyericchiew thanks ahead. looking forward to the excel link please.

[@lsjtony]

you may do KI residences, quite impressive for a 999LH project

[@savvyericchiew]

Sure!

[@Coolwater_TED]

@@savvyericchiewI thought Eric u don’t want to be friends for those stay Ki residences 😂 your review rated until v “cui” . But guess no matter how cui the projects launched in 3- 4 years ago all huat kueh . Luckily I got myself Penrose

[@wwc7134]

@@Coolwater_TEDwhat eric meant was, at that time, there were launches that could potentially made more money. If u bought ki resi vs clavon, u down less money and got higher % returns.

[@savvyericchiew]

@@Coolwater_TED happy all made profits! Congrats to your Penrose too!

[@Coolwater_TED]

@@wwc7134 indeed

[@qhs3199]

Hi Huat Kueh, any idea when Penrose will be TOP?

[@savvyericchiew]

I heard very soon 👍

[@bhchew3865]

how much do you think the % annualised gain will be if we excluded covid-19 effects for a std 3br?

[@savvyericchiew]

My guess is 20%. I can do a few more examples 👍

[@skyterror4443]

Hi Eric, my name is Calvin!

[@savvyericchiew]

Calvin the Huat!

[@ashleyvenicemanuel3310]

Please share the excel. We'd like to have it! Thank you!

[@savvyericchiew]

Sure let me tidy up and put in the next video 👍👍

[@Journey930]

@@savvyericchiewtq, I waiting too 😊😊❤❤

[@sherylteo9207]

Hi Eric, any video on new launch at Lor Chuan or Toa Payoh condo pls? is it worthwhile or hard to exit if indicative price is $2.6K - 2.8K/psf?

[@savvyericchiew]

Chuan Park should be mid Oct and TPY in early 2025. Will review both soon 👍

[@shinism-7546]

Hi Eric. What do you think of the garden residence

[@savvyericchiew]

🫣😫🤢

[@shinism-7546]

@@savvyericchiew not recommended to buy now and sell back in like 2032?

[@savvyericchiew]

@@shinism-7546 there are better ones

[@thessanana]

Hi Eric i wonder if Eight @bukit Timah will be a good investment?

[@savvyericchiew]

I’m doing the review right now 😆

[@kinma1616]

Normanton park pls thank u!

[@savvyericchiew]

Sure will do soon

[@cheebinnie]

Does it make sense for a young couple to go for EC at Tengah as first property or resale/new launch condo straight? Current combined 12k, but hitting 21k next year. Thank you!:)

[@savvyericchiew]

21k is meant for 2 condos. Can consider to buy 1 by 1. Well done!!

[@cheebinnie]

So like as investments, 2 OCR resale condos would be better than new launch EC? 1 this year, 1 next year?

[@savvyericchiew]

@@cheebinnie yes 👍

[@OoiHeiHei]

Good content! Pls share the excel. 😊

[@savvyericchiew]

Will do up the link 👍

[@cxin86]

Wish to seek advice if Tembusu Grand a good project?

[@savvyericchiew]

Watch my review and just note that Kong Hwa Pri is not within 1km anymore

[@YuHsuanHo-ww9hv]

oh ya Eric, do you have any idea on how people who uses sole proprietorship to evade tax and CPF to take loan? The bank ask me to SF with giant amount and when I show they ask where my money come from sia

[@savvyericchiew]

As long you can show funds from reliable source will do 👍

[@aldsi9872]

Eric u “allergic to mrt ar?!” Haha why Clavon so far from mrt u recommend?

[@savvyericchiew]

I’m not allergic to money 😆😆

[@Jarenchc13]

Please share excelsheet for us to huat under new launch

[@savvyericchiew]

Sure

[@nicholaslow7483]

What is yor take on Tenet EC which u review previously?

[@savvyericchiew]

I have reviewed 😅 all of them will profit after MOP 👍

[@wynn8888]

U going to buy the bounced out unit?

[@nicholaslow7483]

@@wynn8888 nope, I bought earlier already

[@RuChernChong]

Able to do an inflation adjusted price for the past 3 years?

[@savvyericchiew]

Wow this is interesting idea!

[@RuChernChong]

@@savvyericchiew ya. Still make, but how much has the high inflation for the past few years erode that gains away. Would be nice to know also

[@luffymonkey9450]

How to enroll your 1 on 1 ?

[@savvyericchiew]

Happy you are upgrading. My team will send you 1-1 info here bit.ly/savvywa

[@sethrinegoh6183]

Eric, 8@BT can buy or not?

[@savvyericchiew]

Will review very soon 👍

[@leonsoh7925]

Eric… do one for Florence Residences leh…

[@savvyericchiew]

Sure I think should be easy

[@Godfather1921_melo]

the workmanship in this project is not so good, like EC feel in last time

[@LuvAgnesB]

Can still buy clavon now?

[@savvyericchiew]

No mrt 🥲

[@Swiftab2]

Can emerald of katong (easily) exit with a selling price ard 3k psf 3 to 5 years later? 🎉

[@savvyericchiew]

Everything is possible but still highly depends on launch price and size of unit 👍

[@MrRazorteeth]

need to minus stamp duty?

[@savvyericchiew]

I have factored in

[@linweikiatable]

​@@savvyericchiew I thought stamp duty easily 70k if the buying price is above 1.5m ?

[@ericchua4036]

@@linweikiatable if 1.5m shd b ard 50k?

[@Kocho-y1f]

Can share the excel please.

[@savvyericchiew]

Will do up the link 👍

[@nicholasyeow619]

Is it still worth to pay ABSD for 2nd property?

[@savvyericchiew]

No x 100 times ☠️

[@just.for.the.downshifts]

0:02 you don’t have to pay agent fees when you buy a new launch.

[@savvyericchiew]

Oops I’m referring to selling 😆

[@just.for.the.downshifts]

@@savvyericchiew I see. Then agent fees will apply regardless whether you bought a new launch or resale. Hence it’s inconsequential when comparing how profitable a new launch would be compared to resale isn’t it?

[@savvyericchiew]

@@just.for.the.downshifts will do a resale comparison soon

[@just.for.the.downshifts]

@@savvyericchiew looking forward to for that 👍

[@rachelteo2286]

you didn't count in the stamp duty

[@savvyericchiew]

Factored in Liao

[@rachelteo2286]

That is reflected in DP?

[@savvyericchiew]

@@rachelteo2286 yes 👍

[@ccgoo655]

After covid stil can earn this much? :)

[@savvyericchiew]

Everything is possible 👍

[@suwandicahyadi9213]

10:10 "the more you put in, the return is a lot higher". Do you mean the more you put in, the return is less in terms of percentage?

[@savvyericchiew]

The bigger the size, makes more in returns.

[@louisyeokhengoon]

Please share with us the good stuff. 😂

[@savvyericchiew]

Sure will tidy up and create a link soon 👍

[@ericchua4036]

Hi Eric, i am looking at parc riviera 4br. Can buy? Tks

[@savvyericchiew]

No mrt 🥲

[@JCx-dj4tw]

Which upcoming launch is good?

[@savvyericchiew]

My top 3 coming soon 👍

[@JCx-dj4tw]

I look forward to it. 🙂

[@xxxcool2565]

What do you think of Casa Merah resale at Tanah Merah for $1.4m 2 bedroom 947 sqft?

[@savvyericchiew]

😫🫣🤢

[@xxxcool2565]

@@dingpeng2317 huh? You mean Sceneca residence? I thought that one starting already $2k+ psf?

[@xxxcool2565]

@@savvyericchiew can elaborate? Don't worry i have not bought yet. Just look see and saw that condo for $1.4k psf quite difficult to find liao these days

[@savvyericchiew]

@@xxxcool2565 I’m not a fan of Tanah Merah area. I shared my views in Sceneca new launch. Check it out

[@flameice85]

800k sia like strike toto

[@savvyericchiew]

All Calvin strike TOTO! 🙌🏼🙌🏼