My Frank Norwood Grand condo Review | Eric Chiew Review

[@savvyericchiew]

🔥 Upcoming property webinar "Choose condos with $100k appreciation per year with certainty" 🎬 Register now! 📌 bit.ly/savvyrich3

[@corellianjedi2483]

Aren't you flying Raffles??

[@corellianjedi2483]

But nobody will build condos in Woodlands coz not profitable and hor CDL the big noble company went to build!!!

[@savvyericchiew]

@@corellianjedi2483 raffles??

[@vanl7178]

Outperformed at 80% waoh

[@flameice85]

@@corellianjedi2483look like you are wrong man

[@GenesisGangsta]

Best overseas project thus far

[@savvyericchiew]

True too 🙌🏼🙌🏼

[@LawrenceChan-x4d]

Bro Chiew, thanks for the insights. I noted you mentioned using 40 psf/ year to computer condo psf price difference for 20 years age difference - this applies to only 99 leasehold? What will be your recommended formula for 99 years lease vs. freehold/999 lease condos?

[@savvyericchiew]

Freehold/999 is $250-300psf more than 99 lease

[@FroggySamurai]

Hoseh finally Norwood grandson review. Thank you sir. Tmr I go throw cheque

[@savvyericchiew]

🥳🥳

[@jacob6606]

Hi Eric, if buy Norwood Grand really can huat? The MCST is chop carrot at $490++

[@savvyericchiew]

Wow 😱

[@cceriouslyy]

Hi Eric, what if i buy norwood with 2mil budget, then after 3 years completion sell it to buy chuan park? end goal is to buy an ownstay at chuan park. ive got good ballot number for norwood, not sure if will be the same for chuan park.

[@savvyericchiew]

Aim the one you like most. Why go for 2nd choice? 👍

[@wwc7134]

Hi Eric. Thanks for the video. Im wondering if the upcoming RTS will affect this proj? Will people prefer to buy condos in jb, esp since they will be so near to woodlands?

[@vincenttan1571]

RTS will kill us

[@savvyericchiew]

I thought of it too but savvy ones will still buy in Singapore 👍

[@PalmierandFinancier]

Hello Eric, first property budget $1m should get Norwood grand 1B+S or resale condo? 🌳

[@savvyericchiew]

Resale can get 2b2b hopefully 👍

[@ContentSquid-ef4xi]

@@savvyericchiew Hi Eric, which districts or developments will be good for this $1m-ish budget for 2b2b resale condo for profits?

[@jubileelee8055]

Norwood 2B with Westwood EC 3B3B (but facing highway and new mrt coming up). What do you think?

[@savvyericchiew]

Westwood? 😫🤢🫣

[@jubileelee8055]

@@savvyericchiew yeah.

[@yeochermaine3713]

For investment, making a choice between resale trilinq 2b21 or new NWG 2b2b?

[@savvyericchiew]

The bigger the better

[@tomlee5696]

Hi Eric, nice video! 1.2m budget, for 1st property, Norwood Grand or resale condo? Thank you

[@savvyericchiew]

1.3mil budget got chance to buy resale 3b2b that has potential better profits 👍

[@aaj3798]

@@savvyericchiew any recommendations?

[@savvyericchiew]

@@aaj3798 consider 1-1 coaching program for recommendations 🙌🏼🙌🏼

[@tobacollections2130]

To be Huat kuet also need luck, I got ballot no. 8xx out of total 9xx bid, competing for 346 units for Norwood Grand. Suay to the max!

[@savvyericchiew]

It’s ok at least you tried 😆

[@laipenglow6535]

considering 2b2b for first property. Such a high MCST, would it be hard to exit?

[@savvyericchiew]

All depends on entry price

[@kokjhp]

What is a good enter price for 2b2b? With the launch price now?

[@Eric-iz7eb]

Hi Eric, quick question, is (A) blossom residences (Bukit Panjang) 4bed for ownstay near parents plus OCR 1 bedder investment or (B) grand Dunman 3bd / 3bd+study then no budget for investment property a better choice appreciation wise? Thanks

[@savvyericchiew]

Option A is good but there are better ones that you can buy to make profits 👍

[@Eric-iz7eb]

Thanks for the response! You videos are really helpful. Would you mind sharing any of such better ones you were referring to? Your reviews of the district 23 condos all seem to be negative on the area hmm

[@savvyericchiew]

@@Eric-iz7eb there are good ones too 👍👍

[@tobacollections2130]

I guess correct. This will be your top 3

[@savvyericchiew]

Cos one of it delayed to next year 😆 so I pull up number 4

[@duntrytohack]

@@savvyericchiew So what's your top 3 😂😂 parktown residence?

[@jerryang3897]

Hi Eric, non related to this new launch, but is High Park Residences ok to purchase for first time upgraders?

[@savvyericchiew]

Allergic to mrt? 😆

[@jerryang3897]

@@savvyericchiew 🤣

[@don-o3w]

Hello Eric. I manage to get the 710sqft 2b2s unit, pool facing/pool just right smack outside, level 1, at 2088 per sqft. Buying for investment, question, at 2088per sqft, did i went in at a huat kueh price point or tutu kueh price or worst, cai tao price point?? Thanks alot. Love your video. Keep up the good work bro~

[@savvyericchiew]

Usually I don’t recommend level 1. However you should be able to make some profits. All the best in 3 years 👍

[@don-o3w]

@@savvyericchiew Hey thanks for the reply, i will take some profit as a small huat kueh. No choice, balloted a not too good queue number. Didn't want to settle for 1 bedder just in case i change my mind and wanna own stay, but couldn't afford a 3 bedder cos I buying under 1 name only.

[@savvyericchiew]

@@don-o3w Great! Bake your Huat kueh bigger 🥂

[@dabolvar]

​​@@savvyericchiewHi Eric! My queue number and budget also only allowed me to get a level 1 unit. Compact 3B2B 883sqft at 1.698m, 1923psf. What do you think of my exit prospects in 3-4 years time? Can be huat kueh? Haha. Thanks and love all your videos!

[@savvyericchiew]

@@dabolvar that’s a good entry price! Baking your Huat kueh now 👍

[@viralloger267]

Do u know what is the percentage sold on launch date?

[@savvyericchiew]

83% 😆😆

[@viralloger267]

@@savvyericchiew wow. Surprising so much there

[@savvyericchiew]

@@viralloger267 low entry price near mrt

[@tobacollections2130]

1-2-3 bedroom all sold out.

[@viralloger267]

@@tobacollections2130 why got people buy meh this location? I heard its currently the top selling condo launch for 2024

[@homhope]

Hi eric, are you able to do a video on top performing resale condo for each district?

[@savvyericchiew]

This is what I did for 1-1 coaching program 😆

[@neohb84s3]

investment property, should i go for tampines mixed development or NWG for 1br? Budget only 1.2mil :(

[@savvyericchiew]

1.2mil can also buy 2b2b ocr 👍

[@abusdriv3r]

how to sell to hdb upgraders? woodlands hdb can’t even sell for 1m, how to upgrade to 3br for 2.3-2.5m after TOP? no good pri sch around also. dunno why your exit strategy score so high 🤷‍♂️

[@savvyericchiew]

Cos not much choices in Woodlands. The next woodlands new launch is a white site which potentially higher in price

[@nobody-zh6sp]

@@savvyericchiew eric you dont know that white site near woodlands mrt will never be sold meh? that site was in reserve site for like i think 5 years already? before covid times is already a reserve site

[@davidlim7440]

I think the problem with Woodlands is the perception. TEL may take the same time to CBD as Tampines, but people view the two districts very differently 😅

[@savvyericchiew]

I have given a lot of love to Woodland for this video 🙌🏼🙌🏼

[@viralloger267]

@@davidlim7440 no doubt woodlands has alot of haters. But those who love it adore it to the max. Thats why 83% sold on launch day

[@kennywxj]

Hi Eric. Need your advice on whether which of our options is the best one to exit in 3-5 years. 1) Parc Botannia 3B2B(872sqft) - Near parents and we like the feel of the project 2) Bellewoods 4B(1152sqft) at roughly 1.5m - near to workplace and want to ride on Woodlands transformation 3) Brownstone 3B(969sqft) at roughly 1.35m - reasons due to hybrid of both option 1 and 2. 4) New launch Norwood Grand 2B2B Thanks for your advice in advance!

[@savvyericchiew]

There’s better options 👍👍

[@kennywxj]

@@savvyericchiew haha back to the drawing board then :( Just curious, if die die you have to choose one? lol

[@lowjiaming4586]

With RTS coming up 3 stops away and JB condo selling at 400psf ...

[@savvyericchiew]

Buy 5 = 1 😆

[@tobacollections2130]

Imagine if your kid schooling in sg and need to cross border daily? Hmm.. as a parent, this is no no.

[@Truffles2022]

Hi Eric, buy 3b2b the Vales, Treasure Crest, Bellewaters now can make money? Thank you.

[@savvyericchiew]

Yes but not near mrt 🥲

[@huhx87]

Dear Eric, have you done one review for Amber Park? Cant seem to find it.

[@savvyericchiew]

Not yet 😆

[@jeffer8762]

top 3 si bo ?

[@savvyericchiew]

😂😂

[@LesterMo-nz5wg]

HI boss Eric how you calculate your 15% profit ah? Also why is further from MRT +100psf? Should be cheaper no? Thank you boss

[@savvyericchiew]

The ECs is not near MRT so I add $100 to make them near MRT to compare with NG

[@LesterMo-nz5wg]

@@savvyericchiew thank you boss kueh! What about the calculation of 15% profit?

[@savvyericchiew]

@@LesterMo-nz5wg got long formula

[@frostyfly31122]

i know its woodlands but location score can be higher tbh, other than the mrt, its also right beside innova primary and close to woodlands health campus. vista point is small but causeway point is just an mrt stop away. and if u want can easily hop over to JB to do ur grocery shopping instead to save money since RTS should be completed by then😁

[@savvyericchiew]

What’s your score? 😆

[@chinchowpowpook]

U live near by is it🤣

[@frostyfly31122]

@@savvyericchiew not too different lah, i give 1 pt higher for location coz is within 15min of shopping mall, school and health campus, higher floors with windows facing south should also get to enjoy gd view of the mandai greenery.

[@MsPaperbear]

CDL paid you how much to hype this condo in JB the 2nd? hahaha

[@savvyericchiew]

They rented me their pool that’s why it’s yellow 🥂🥂

[@mengyeowchan7278]

Can’t agreed on how the annual depreciation of psf of $30/40/50 etc. alternate comparison is getting the ratio of project launch price psf versus psf of nearby HDB at that point of time. Anyway different people with different calculations, fine. But location comparison is incomplete. Just because it’s 2 mins walk to mrt, it doesn’t make it good. There’s no amenities and GL to people taking mrt downtown when it’s woodland station prior. Plus comparing woodland, springleaf and Lentor land purchase price, a mere $80/psf land sale price diff for YCK and woodland South. So is $900 cheap for a land in woodland? Not in my view. It may be profitable, who knows. If that happens just gonna help bump up the price everywhere else down south.

[@savvyericchiew]

$900 is fair price for far OCR with MRT. Canberra GLS sold $790-$800psf far from mrt 😆

[@yongmengtan8827]

Thank you

[@savvyericchiew]

🙌🏼

[@Zeeekayyy72894]

Sifu Eric, this or resale Park colonial 2b2b similar price psf better for investment?

[@savvyericchiew]

Different area 😂

[@xfall86]

PC chor sia the psf. 2.5k?

[@savvyericchiew]

@@xfall86 cos it’s city fringe

[@Zeeekayyy72894]

@savvyericchiew haha yes but the quantum not too much more, that's why thinking if it's worth more to enter PC at a better location instead altho its resale😅

[@wwc7134]

@@Zeeekayyy72894 i suppose bigger size makes more money? And this proj entry price seems ok.

[@yongkiatlee3450]

Anything on emerald at katong? One of ur top launches ah?

[@savvyericchiew]

Launching in Nov. Will review soon 👍

[@koloblicinlee]

Next two top projects going to be Chuan park and Toa Payoh one residence? 😝

[@savvyericchiew]

TPY is not this year 🙌🏼

[@HighNetworthNetwork]

"Fee lee feh leh" fees is my favourite phrase. 😂

[@savvyericchiew]

Mine too! 😍😍

[@FJFZPT]

Around how much needed one bed+study for single?

[@savvyericchiew]

If buying at 1mil, total down payment is $280k includes all stamp duty, legal fees etc

[@FJFZPT]

​@@savvyericchiewif single PR?

[@juniorjr5328]

Woodland top 3.😂 Next two is chuan and emerald liao

[@savvyericchiew]

Why not 8@BT and Meiyou Blue?

[@Lish-mk4jk]

@@savvyericchiew MEIYOU BLUE funnier than Mayer no blue! HAHAHA

[@savvyericchiew]

@@Lish-mk4jk 😂😂

[@nwcigotbetter2001]

RTS open will not increase supply from JB ? Rentals not affected?

[@savvyericchiew]

Will have some impact but I don’t think much.

[@meilishang663]

What if one way ticket for the RTS is $10?

[@viralloger267]

​​@@meilishang663might be the same as the ktm train now. Rm5 jb to sg. $5 sg to jb. All i know the sg goverment not stupid. They will try to protect sg property owner interest

[@FiendFiend-o5b]

Usually find you very objective but this review feels quite sus. After watch your review videos, always feel convinced by your points but not this time round. Comparison with surrounding condos feels very superficial. Gap between Norwood with resale is very high in terms of quantum/psf. Need +300 psf for flippers to make decent gain, hard to justify Woodlands population paying so much for Norwood resale for own-stay in 3-4 years time. If they want to "upgrade", then 2 stations down towards Orchard to Lentor then consider upgrade and price not too far off to Norwood. Lots of other points to discuss. Conclusion: just want to say hope to have your unbiased opinion because all the other channels by property agents are worse.

[@savvyericchiew]

I’m using my same theory to calculate and it’s fair for the launch pricing. Let’s hope they make money so everyone else makes more 🥂🥂

[@viralloger267]

@@FiendFiend-o5b are u aware this project top is 2028. 3-4 years from 2028. Not 3-4 years from today brader. Most people in sg would prefer project near a mrt rather than far from mrt. Lets see how its doing on launch date and see how many buys the condo. Then u will see the true demand

[@davidlim7440]

@@viralloger267can sell 3 years from option exercise, not TOP. So 2028 can sell liao

[@spectacularangular637]

other condos around the area selling at $1050 psf but this guy says norwood is ok at $2,000 nahhh… he got partnership with the developers

[@lleong666]

Huat content !! Keeps me alive !!

[@savvyericchiew]

🥳🥳

[@gabrielchan4420]

Bro, your $50, $40, $35 psf per year like no methodology.. how to rely ah?

[@savvyericchiew]

It’s my theory 🥂🥂

[@libiskit]

crypto also got no methodolgy but ppl still buy . at least Eric make assumption on real assets😂

[@gabrielchan4420]

@@libiskit you already said, you are buying property, not crypto which have no underlying value

[@savvyericchiew]

@@libiskit I try my best to justify 🥂🥂

[@geraldinegan2604]

Hi Eric, what is your take on Ecopolitian ex ec in Punggol? Do you recommend to buy and make some money in 3 years time? I am looking at 4 bed 3 bath. Thanks

[@savvyericchiew]

Far from mrt 😢

[@the50dollarsman]

84% sold on launch day. 😮

[@savvyericchiew]

🥳🥳

[@coins_investmentsg]

what's the difference between buying JB condo compared to this Norwood Grand (after RTS completed?) Don't be ah hai lah

[@savvyericchiew]

😆😆

[@tobacollections2130]

Malaysia condo? Good luck. 😂

[@erwinlee89]

Why tennis court is your favourite? Haha

[@savvyericchiew]

Secret 😂😂

[@TheFoxho]

Eric seems to like OCR projects these days!

[@savvyericchiew]

🤑🤑

[@azeoprop]

Although near mrt but not much shops and amenities nearby except the small vista point

[@savvyericchiew]

I never been there at all 😂

[@kangcheeyoong6853]

What about comparing to Bellewood 3b?

[@savvyericchiew]

You can calculate using $50 per year 👍

[@danny77670000]

Wow u took 1st class flight from Changi to Woodlands 🤣

[@savvyericchiew]

Suite leh don’t play play 😂😂

[@ongweelim6030]

Eric today URA release 4 plot of land … can u quickly do a video prior developer bid the land. Which is your favourite and which one u think can make money. Take this as a game changer so copycat can’t follow … you should now start new strategy the moment govt release land start your video slowly towards the biding then who win etc .. as u can see more and more follower also do video like u although their follower and subscriber not anywhere near u but Mai tu sometimes new kid on the block may surpass you old bird. 🦅 show to the market u are the market leader not follower… faster I already give u a push Jia you … tomorrow ok launch a video just talk about the 4 land. Where are they which one is good to buy and stay or buy and invest etc. …. Guess which developer win bid etc. so much news this few days BTO also roll out Liao.

[@savvyericchiew]

That’s a good idea!

[@Lish-mk4jk]

This kind of overseas property can buy la..

[@savvyericchiew]

😂😂

[@shengli8348]

Hi Eric, how do u think about parkwood collection, strata landed...

[@savvyericchiew]

I don’t like leasehold landed 🫣

[@shengli8348]

btw, how do u think about Rochelle at newton, the 4br is around 1900/sqft. there is tennis there even it's small..haha😂

[@savvyericchiew]

@@shengli8348 😫🤢🫣

[@shengli8348]

@@savvyericchiew I am considering Rochelle at newton, parkwood collection 99 leasehold or freehold terrace house entry level like D13 macpherson, sennett...what's your advice ah..thanks

[@lesliesun679]

I thought north cannot buy lol.

[@savvyericchiew]

😂😂

[@jannwang413]

Can you review Novo Place EC please?

[@savvyericchiew]

Sure!

[@georgegeorge4456]

Woodlands one bedder selling around $1m. Lol. So expensive.

[@savvyericchiew]

This may be the last project with MRT with $1mil pricing 🥲

[@muchuchen]

have the name for the bbq chicken wing? Thanks~

[@savvyericchiew]

It’s at Taman Sentosa the one with big crab signboard. I last went 5 years ago 🥲

[@muchuchen]

@@savvyericchiew Solid Boss, next time go taman sentosa masage then go try try hehe

[@muchuchen]

@@savvyericchiew Tks for sharing ~

[@sheryllim7896]

It's Sin Kimdo at Taman Sentosa! Their mee tai mak soup is sedap too! 😅

[@savvyericchiew]

@@muchuchen make it in a bundle package 😆

[@manofthehour_]

Wouldn't ever stay here but can become huat kueh mtl just buy and flip 🎉

[@savvyericchiew]

😆😆

[@bechuang7756]

Wow. KZbin is giving you biz class

[@savvyericchiew]

It’s Suite not biz wahahaha 😆

[@bechuang7756]

😂 sorry my bad

[@kcchiew4247]

I will move in to Champions Bliss (hdb next to Norwood Grand) next year. 😉

[@savvyericchiew]

You have a cool surname too 🙌🏼🙌🏼

[@YuHsuanHo-ww9hv]

woodlands still woodlands lol. avg 45 min to 10N and 1H+ to CBD is still v far leh, if got budget might as well go sqeeze continuum

[@savvyericchiew]

🥲🥲

[@wonjoeful]

not everyone need to go to 10N or cbd and also gov wanna decentralise. Woodlands will transform to compete with JB.

[@viralloger267]

Thats why woodlands is becoming regional centre

[@YuHsuanHo-ww9hv]

High end job and shopping will still b in cbd lor

[@YuHsuanHo-ww9hv]

@@viralloger267that oso another problem sia. If gov remove absd then cfm I will invest. No choice I have to stay near town n with absd I can’t buy second one for investment. Should learn other Asian countries that allow people to buy more houses to get us even richer.

[@tobacollections2130]

Waiting.

[@savvyericchiew]

🙌🏼🙌🏼

[@percivalkaiser]

One minute!!

[@savvyericchiew]

🙌🏼🙌🏼

[@kenneth3132]

Huat Kuehs gather

[@savvyericchiew]

❤️❤️

[@chinchowpowpook]

That champion area way too ulu..

[@savvyericchiew]

😂😂

[@TheBebemom]

Buyer market alr la….

[@savvyericchiew]

😂😂

[@cdang8742]

Already a buyer's market....lol😂

[@savvyericchiew]

😂😂

[@leong6360]

First!

[@savvyericchiew]

🎉🎉

[@perryteo3669]

What happen to you? Your illustration very bad this round

[@savvyericchiew]

🙃🙃

[@stanleytan3023]

Hi Eric, I'm glad I am still able to follow your calculations and assumptions. 😊