No ads, no fancy investment courses... If you've found value from the sharing and would like to give your support, purchase the SUPER THANKS stickers today. It is the purest form of contribution. Thank you for the support =) If you missed episode 2 of this series : I found FREEHOLD condo buyers in Singapore that have LOST MONEY... kzbin.info/www/bejne/pIi4pWWBqNGYoNE If you missed episode 3 of this series: HUGE GAINS - I looked for THE REASON why someone can PROFIT $770,000 buying a condo in Singapore... kzbin.info/www/bejne/jqfVaqaVjrega6M
@hgft274 Жыл бұрын
Listen to Josh before you listen to most property agents
@joshconsultancy Жыл бұрын
Thank you for the high praise
@Coolwater_TED Жыл бұрын
But he can’t differentiate where is RCR 😅
@lalajdhfbdj Жыл бұрын
The thing about property purchase is that it unless you have millions in spare cash lying around and full cash down, once you take a bank loan, you are essentially leveraging. The person who on paper earn 300k and with a 4-5% PA growth, would in reality probably have put down maybe 400k in cash (down payment + installments etc) and gotten back extra 100k+ after minusing away interest. That's equivalent to a annualized growth of closer to 10%. Similarly the person who lost 1.4mil, in reality he might have had annualized losses of closer to 20%.
@joshconsultancy Жыл бұрын
Valid point
@wtan1851 Жыл бұрын
Nice content. Need to subtract costs: renovation, interest, stamp duty, agent fee, lawyer fee, maintenance, property tax, etc.
@joshconsultancy Жыл бұрын
Thank you and agreed
@spong2139 Жыл бұрын
finally, some property guy who isn't afraid to say that the current market price is way too high, unlike all the property agents who kept insisting that Singapore property prices will go to the moon. !!!! You guys have been warned !!!
@joshconsultancy Жыл бұрын
I’m a finance guy not a property guy 😅 but thank you
@jironghuang4895 Жыл бұрын
Lost decades in various asset classes happen often. People are often blinded by recency bias.
@joshconsultancy Жыл бұрын
It’s extreme but yes agree it’s possible after any massive run up
@vincentlee3006 Жыл бұрын
I took the risk to buy a unit in RCR in 2002 (5 months after the infamous 9-11), at $500psf. After staying (and still staying now) 16 years (TOP 2007), I smile every night in my sleep.😊.
@Godfather1921_melo3 ай бұрын
you never sell it then never gain, you must be in the market first then you can talk about gain or loss
@fool1124 Жыл бұрын
You are very honest Josh
@joshconsultancy Жыл бұрын
🙏🙏
@geo-publishing Жыл бұрын
What are the condos that launched in 2012-2013 that are profitable? Maybe we can learn from those profitable condos no matter what period? One thing is during 2013, there was a killer cooling measure - adjustment of tdsr, which affected people’s affordability, and it takes time for the supply to be cleared.
@joshconsultancy Жыл бұрын
I found one. Not too clear why though.
@MrJasonjace Жыл бұрын
Is true that property investment is a good vehicle.. but what is also true is that property is not the ONLY investment..
@joshconsultancy Жыл бұрын
Well said
@sourdough9139 Жыл бұрын
Thanks for the insights! Really is PSA for us hearing, buy condo sure earn is not a sure thing haha 👍🏻
@joshconsultancy Жыл бұрын
Happy it was useful. Share with a friend who should hear =)
@sourdough9139 Жыл бұрын
Will do Josh! Been following your videos awhile, and own just an average hdb. We would want to be prudent and you definitely make more sense than the so called property gurus out there. Can i get your opinion do you think interest rates will climb above 5-6% in SG. And would there be a big decline in SG property prices if the FED continues to hike incrementally?
@joshconsultancy Жыл бұрын
Sora looks to have peaked. It may be too dooms day to predict a crash but hey weirder things have happened. I have voted by my decision to sell my hdb flat that properties may be in a peak cycle
@trianglestomache6353 Жыл бұрын
That person who lost 1.4 million $ actually likely lost close to $2 million if u include interest charges plus ABSD costs plus other costs
@joshconsultancy Жыл бұрын
Likely true
@thegreenbaby9365 Жыл бұрын
Looking forward to the next episode 👍👍🙏
@joshconsultancy Жыл бұрын
stay tuned =)
@lynngor8 Жыл бұрын
Good analysis. Not every new launch will make good profits. Good projects have “similar” attributes. This is why my partner and I sold 60 units in Parc Esta. And we bought a Avenue South as our investment.
@RevoOnRev13374 ай бұрын
different era now.. not like early 2000s or early 2010s when closing an eye without due diligence can also make it to a gain
@clchen3798 Жыл бұрын
Excellent research and easy to understand breakdown of data. Thank you for such great and objective information
@joshconsultancy Жыл бұрын
Thank you for the high praise. Check episode 2 coming up =)
@AtmosJourney Жыл бұрын
Listening to your investment analysis is way much better than listening to one Mr. Loo who's full of BS 😅. Keep up the good work and this channel.
@joshconsultancy Жыл бұрын
Ah, Im a friend of Mr Loo. Would prefer to be neutral but thank you for the high praise
@AtmosJourney Жыл бұрын
@Josh Tan - TheAstuteParent Facts and data speaks volume, Josh. It's way much more convincing than just plucking stories from the sky and talk nonsense like your friend LOL 😆
@fool1124 Жыл бұрын
agree, he is full of it
@jocheah4000 Жыл бұрын
Property investment is not about opportunist profits on 99 years flat which loses value over time. A good investment bring in 200-400pct profits will clear goals of sustainability of value and wealth creation to not work full time. Many gurus selling the dream of quick gains but forgot that when interest rate goes up or when the market tank and a recession sets in all will be lost due to poor cash flow Mgt. The world today is marching towards uncertainty and yet many Spore FOMO are pilling up on debt.
@joshconsultancy Жыл бұрын
Agree with some points raised
@cchan4739 Жыл бұрын
What are your thoughts on older FH condos in CCR in the low 2000 psf range? I can never understand why 99LH OCR condos can command such high psf... everything ages with time and their intrinsic value is not spared
@joshconsultancy Жыл бұрын
I looked at some info and have a conclusion. Will formulate it into a next episode. Stay tuned k
@donlee474 Жыл бұрын
Many don't treat CPF as their money (thinking that they're stuck with the govt...) and thus, choose to wipe them clean to buy themselves a condo instead... If they have put the CPF in SA, it would have compounded for the past 10 years at an annualized rate of 4%, and CONTINUE to compound for the next 10 years and more... in other words, the opportunity cost of negative/stagnant growth here is not only 10 years of compounding interest, but also a smaller sum of CPF left to achieve your FRS or ERS
@joshconsultancy Жыл бұрын
Valid point
@saidnotopaytowin7144 ай бұрын
possible to do a video on the lost plus interest or profit less off interest?
@joshconsultancy4 ай бұрын
Noted. This has a 3part series. Check it out. Stay tuned!
@mugenpower78 Жыл бұрын
Properties r not investments until they generate rental yield
@joshconsultancy Жыл бұрын
Rental yield now in this period actually is good. 2019 not so
@DonYang73 Жыл бұрын
Properties are not investments unless its the second one onwards. 😊
@takanna Жыл бұрын
think u definitely hit the bull's eye by saying that some pricing currently are for 10-15 years down the road. 👍🏻
@joshconsultancy Жыл бұрын
Thank you. Share the message to a friend who can be benefit too
@lidna82 Жыл бұрын
To enter the market at an average of $2M for a 3-bedder (i.e. 1000sqft) for a potential profit of 200-300k (before costs) isn't very attractive. There would be more cai tao than huat kueh in a few year's time for those who cannot hold.
@joshconsultancy Жыл бұрын
Pov noted
@hhspore Жыл бұрын
very insightful. I know who the 27-yr old guy is. The most amazing thing is that he comes from a average/below average family and yet he is so overly confident. He doesnt come across as a highly intelligent person based on his speech/thought process. In his case, I think he can go either way on the extreme................either very well rewarded for the high risks that he took or he will be burnt really badly. Interesting to see how he lands 5 years down the road.....................
@joshconsultancy Жыл бұрын
Agree. I did the critique video but I meant well and hope to raise critical thinking points
@ChristenB-qd3tc Жыл бұрын
A lot these buyers are hyped up by real estate agents. If recession come true, will there be more bank sales and how does it impact the bank shares ?
@joshconsultancy Жыл бұрын
Banks have traditionally been early to go down with recession fears and early to recover ahead of normalisation
@risd1071 Жыл бұрын
not a property agent or a property bull but an observer. the list given by edgeprop is the last 10 transactions i believe. there are some older transactions that made more. i think jadescape had a 700k gain
@KrishnanV9 Жыл бұрын
Great video and very informative as always. If I may ask, where do you get the data from as it has both buy and sale price for a particular unit
@joshconsultancy Жыл бұрын
From edgeprop 👌🏻
@shurakishi470711 ай бұрын
There is always a price ceiling for properties. It’s just that this is a moving target. There is only a limit to how much prices can climb and how much people can afford to pay for something. This is simple math. Consider the following: 1) say a condo property is worth 3m now for a 1400 sq ft condo. How much can prices go in 5 yrs, 10 yrs. 2) assuming it goes up, what is the pool of customers who can afford to pay? By these there are a few groups - those who have so much excess capital they do not need a loan, and then for those who need a loan. 3) what are the comparable properties at the particular price? 4) say you expect the property to go up to 4m in future. Who are these people who can afford to buy? Bottomline is this - enter a property transaction at the right entry price, you will make profit. Wrong entry price - you will lose. Do research about that property - layout location, competing properties etc, and one should know get nearer to the answer whether it is worth buying
@joshconsultancy11 ай бұрын
Fully agree 👍
@shurakishi470711 ай бұрын
I forgot to add. Let’s put some common sense as well. About half of buyers of most new launches are upgraders of which many may upgrade from the surrounding HDB neighbourhood. Of course there will be foreigner buyers and buyers or upgraders from other estates. Project 5, 10 years ahead and say if you expect the property to rise in price, will wages rise in tandem as well? If it doesn’t (and high chance it won’t rise as fast), then your potential pool of buyers will be smaller. This will result in a smaller transaction volume… and that will naturally translate to fewer transactions and lower prices
@babibrain Жыл бұрын
Singapore property sure will hit $4000psf in two years time
@joshconsultancy Жыл бұрын
Maybe... btw it already is in orchard FH
@charsiew88 Жыл бұрын
Property purchase is a long term investment
@joshconsultancy Жыл бұрын
Yes. That’s property greatest strength
@choonbingpng8768 Жыл бұрын
J Tan, I bot echelon dist 3 in 2012 2rm 732sf and sold in 2021. First hand experience of what inv pro is all about …
@joshconsultancy Жыл бұрын
🙏 What would be your advice in todays market?
@choonbingpng8768 Жыл бұрын
@@joshconsultancy The probability of nett profit for inv pro(new or otherwise) is v v low. Focused on career, frugal lifestyle, stay in bto all the way, children overseas edn if necessary (MBBS, LLB etc), top up SA Asap, compounding takes time. Hapi to share both my wife and I achieved 1M65 individually at 58. ( paying cash for housing, redeem OA used for housing with interest once ‘liquid seed fund permit) It takes effort and dedication from parents part for children to achieve social mobility through education(MBBS, dean’s list etc) take comfort to share after achieving financial freedom, we continue to work TBIYTB SMTE
@kelvincheng5901 Жыл бұрын
Your approach is the prudent and sensible way of reaching financial independence..but I still think property investment has its merits. Many achieved financial independence via the property route. In fact would even go as far as to say that it's a safer route than picking stocks.
@konggg Жыл бұрын
Josh It depends on which community you join and who is your mentor who will make the right recommendations based on experience and proven methods. Hint - Before you even buy, already plan for the exit strategy. Who can afford to buy your unit when you plan to sell eventually?
@joshconsultancy Жыл бұрын
Agree. Which community would you suggest?
@konggg Жыл бұрын
@@joshconsultancy There are a few mentors/experts out there with their own communities. I suggest you join their webinars to see which one you are most comfortable with and do your own due diligence. Good luck!
@brandonkuay Жыл бұрын
Hi Josh, thank you for your content. I enjoy it. All sales transactions reflect in websites are before taxes and cost. Examples: Stamp duty, Bank interest ,Agent fee. Easily take up 10-15% of total price. Now property trend is still in a bull run😊
@joshconsultancy Жыл бұрын
No probs brendon :)
@antihunter Жыл бұрын
Too much FOMO in the market, driven by property agents and marketers without knowing the consequences of unable to sustain a large loan long term. If the person depends on a single income, it would be disastrous to begin with. But it would likely be the push from property agents and 3 years streak positive resulting in so much FOMO.
@joshconsultancy Жыл бұрын
Agree
@user-td9rn9et3s Жыл бұрын
Very good information
@joshconsultancy Жыл бұрын
Thank you. Share with a friend who should see
@InvestingIguana Жыл бұрын
I guess that's why they call it "investing" and not "guaranteed profits." 😉
@raylim5084 Жыл бұрын
While the average upper income couple earned around 16K per household.. if u buy a 2700psf for 1000sq around 2.7M. First u pay 35% 945k cash + cpf and service the remaining with 3% interest for 30 years at 6k per month! How is that sustainable? You could said! Hey I am going to sell and make a profit.. imagine if u want to sell at 4% per annum after 5 years 20% that make the property 3.24M to another upper middle income couple, who is going to buy at this price ?
@joshconsultancy Жыл бұрын
Sell after 15y sure, it is safer But ya agree sell after 5y could be speculative coz down cycles in property are long
@Coolwater_TED Жыл бұрын
Since when jadescape and Parc esta is OCR zone? I m not property agent also know Eunos and Marymount are under RCR zone Nonetheless he made a lot of sense for this video for people buying at such high price for current market and it may lead to the U shape graph effect like sky habitat
@joshconsultancy Жыл бұрын
Error noted
@Coolwater_TED Жыл бұрын
@@joshconsultancy no worries , just pointed for correction . Thx bro
@tdnow4416 Жыл бұрын
How about buying aged condo? Will it be more profitable? Just wonder..🤔
@joshconsultancy Жыл бұрын
If this is indeed a high tide, I think returns experience may be similar
@tdnow4416 Жыл бұрын
@@joshconsultancy Thanks..
@IA100KPDT Жыл бұрын
are you supposed to add all those transaction and legal fees which could come up to quite a bit, no?
@joshconsultancy Жыл бұрын
Legal fees quite small relatively
@BomBomm12345 Жыл бұрын
Josh whats your take on SNG prop market then from investment perspective.. not buying now could mean paying more in the future but buying now runs the risk of market declining from the top..
@joshconsultancy Жыл бұрын
I voted bearish 4months ago. Not right yet unfortunately =) Have you seen this - I SOLD MY HDB FLAT ... Bearish On Singapore Properties But Why? - kzbin.info/www/bejne/gmiqinWno7-Zpa8
@JS-ev4xc Жыл бұрын
It is indeed very risky to invest in private condo, not forget to mention the high monthly maintenance fee you have to cough out, the more facilities, the higher the maintenance fee.
@joshconsultancy Жыл бұрын
At this moment the number of profitable sales dar out way losses. Hence it’s easy for over optimism. I wanted to share risk to balance pov better and advocate critical thinking
@EYBearBear Жыл бұрын
Wish me luck Josh
@joshconsultancy Жыл бұрын
Can share what did you buy and what is your rough plan?
@yeowchongong5608 Жыл бұрын
Sky habitat location is just bad. Surrounded by HDB flats just makes the owners feel stupid
@joshconsultancy Жыл бұрын
Hmmm... there are also many other condos which are independently surrounded also in a HDB estate
@lidna82 Жыл бұрын
@@joshconsultancy Agree. I think Jadescape is also surrounded by HDB and it's selling at good margins.
@RUHappyATM Жыл бұрын
GREED is never good. Believe in Confucius.
@gammauniverse Жыл бұрын
Freehold landed is the way to go. They are definitely more expensive but they are guaranteed to make money. That said, I think we are right at the peak of the curve now, and I expect prices to drop between 2024 - 2028, when a huge increase in supply of flats/condos is expected.
@joshconsultancy Жыл бұрын
There are investors into FH who exited with losses but POV noted.
@babibrain Жыл бұрын
Yes. For sure
@tedchandran Жыл бұрын
Jai Hinduja. Big money now But not all speculators have experienced market crash. If no holding strength, can cry for the rest of your lives.
@lordbluefire6335 Жыл бұрын
Mr. Josh is property agent?
@joshconsultancy Жыл бұрын
Im not. I work in financial advisory
@DonYang73 Жыл бұрын
You can be sure there will be a group who gets screwed while another may make it nice. Heehee
@fushionm6098 Жыл бұрын
Big price collapse on the horizon. Be careful and don't fall for sale gimmick
@joshconsultancy Жыл бұрын
That could be abit extreme of a prediction... buy hey stranger things have happened...
@marvelcomiks8078 Жыл бұрын
Should reveal who are the Developers who had built and initially sold many of these loss making condos. Boycott them.
@joshconsultancy Жыл бұрын
But It’s the buyers decision?
@marvelcomiks8078 Жыл бұрын
@@joshconsultancy Yes, buyers' decision. But sometimes the market may be in short supply or the developers hype it up so much that it confuses the customers. Either way buyers are caught with the short end of the stick. These Developers should be exposed. Especially if they keep selling loss making properties.