New launches condo prices in 2025 | Latest GLS | Singapore property

[@savvyericchiew]

🔥 Upcoming property webinar "What is the next TOP new launches?” 🎬 Register now! 📌 bit.ly/savvyrich3 📈 Check how huat you are --- tinyurl.com/savvyasset ⏩ Fast Track 1-1 consultation info --- bit.ly/savvywa 🎁 First 5 loan takers --- bit.ly/savvywa

[@angelateo528]

Eric, thanks for your kind sharing. Actively shopping for 3br new launches. Looking forward to watching your new video. TGIF! Have a great weekend.

[@savvyericchiew]

Great weekend to you and family! 🥂

[@Slipsch]

How do you calculate from the PSFPPR price and add 15% profit to get $2080? Please share.

[@hcmm23]

Hello Eric , thank you for very informativ video every time. Which one will be better - city fringe 2 bd or ocr 3bd. Budget around 1.5 mil investment.

[@savvyericchiew]

I prefer bigger size 👍

[@zacanathan]

Would Trevista 2b @ approx 1740psf be a good buy based on the latest GLS?

[@savvyericchiew]

3br is better

[@zacanathan]

@@savvyericchiew bo lui 😢 so thinking of buying to wait instead of waiting to buy.. haha.

[@savvyericchiew]

@@zacanathan can start 3br in OCR first

[@zacanathan]

@@savvyericchiew Ok will think about it! Thanks for the advice senpai.

[@XixiXi-r8c]

Hi Eric, could you recommend 3bedder resale condo at around2.5 mil ?thank you !

[@savvyericchiew]

Very good budget for 3br. Can consider city fringe with mrt. For recommendations, consider my 1-1 program for me to shortlist 🥂 My team will send you info bit.ly/savvywa

[@brunog6151]

Eric, can share what are the financial consideration if want to buy private condo and sell upon TOP. Meaning I just need to pay the down payment, all the admin/legal fee and the bank loan while waiting for TOP? The profit will be used to pay any other fee?

[@savvyericchiew]

Need Downpayment and installment for 3 years before you can sell. Agent fees and other fees can be offset from your profits

[@ddtoh6332]

Hi Eric, do you think it’s worth to buy a resale EC, 3bedder at woodlands, Bellewood.

[@savvyericchiew]

Resale EC is fine but I usually don’t recommend Woodlands unless no choice

[@MrPaunying]

Did parcel b for pinetree has no 1km to Henry. Making Parcel A more attractive now?

[@savvyericchiew]

Not really 😢

[@MonsterInc-t7i]

I like your confidence. Mind sharing ur thoughts on inz residence and sol acres? Worth buying?

[@savvyericchiew]

Inz got future mrt, sol acres don’t have. However Sol has good demand due to its the biggest EC in SG

[@MonsterInc-t7i]

@@savvyericchiew wats ur price prediction 3yrs later for these 2 projects?

[@Gopaq-px6zo]

Hi Eric, appreciate the insights from your video! Is a 2-bedroom condo at D15, 38 I Suites a good property for a first-time buyer for own stay and investment?

[@savvyericchiew]

🥴😩😵‍💫

[@Gopaq-px6zo]

Which project is good for a 1.2m budget

[@savvyericchiew]

@@Gopaq-px6zo definitely OCR. If you need my recommendations consider my 1-1 program. My team will send you info bit.ly/savvywa

[@ImSammmmm]

Solid content Eric. But the true master is Eric's Wife. Always getting the right % numbers. 😂😂😂

[@savvyericchiew]

She is the pro 🥂

[@FXM-s1x]

hi Eric, thank you so much for sharing your invaluable knowledge and wonderful insights with regards to the property market! would appreciate if you can kindly guide me say if you were in my position having the capital to invest a range of 1.2m - 1.7m purchase price (invest and not own-stay) age

[@savvyericchiew]

Thank you! Your budget can still possibly get 3br in city fringe. For recommendations, you may consider my 1-1 program for me to shortlist. My team will send you info bit.ly/savvywa

[@happyhappy3163]

Sellers market is refering to new launch or resale private or both? Tks

[@savvyericchiew]

Both 👍

[@SKRoy-bs8vc]

Is it condo or hdb

[@ekiwigal]

Hi eric. Just want some opinion. Do u think it is better to finance monthly mortgage using full cash/rental $ (if can get a tenant), or should be finance using cpf and cash?

[@savvyericchiew]

Using cash is better, this way government will give you 2.5% for untouched CPF OA monies 🥂

[@ekiwigal]

Thanks Eric. But if in need of cash for a start, using OA to fund mortgage first is ok?

[@savvyericchiew]

@@ekiwigal yes totally fine 👍

[@PhangRachel-x1s]

Hi Eric, happy new year! 🎉 Enjoyed watching your videos. Will you be doing a video on Hillhaven soon? Want to find out your views on Hillview area for capital appreciation.

[@savvyericchiew]

Happy Huat new year to you! Will do a review soon! 👍

[@PhangRachel-x1s]

Thanks! Looking forward

[@moretopurple]

Can you share more videos on resale condo investment as a 2nd property? What to look out for? Tks Eric ... love your content

[@savvyericchiew]

Sure!

[@ongweelim6030]

Eric read today news. Forest city again I think there going to be more buyer

[@savvyericchiew]

I saw that too 😂

[@Tk-wk9xj]

What you think of Edge on cairnhill 4 bedder 2300psf for sale?

[@savvyericchiew]

🥴🫣😵‍💫😵‍💫

[@jommpyful]

what do you think about tembusu grand vs jln tembusu?

[@savvyericchiew]

TG is the past. JT is the future 😆

[@waynechua1992]

Hi Eric, we have made the amendment to the Clementi Avenue 1 GLS pointer and it is now on the correct plot. Thank you for pointing it out. - Wayne of EdgeProp

[@savvyericchiew]

Nice one Wayne! ✌️

[@lau.lemuel]

Clavon and Clement Canopy can buy now?

[@savvyericchiew]

Depends whether is own stay or investment

[@youthrestorations]

@@savvyericchiew if for ownstay? good?

[@Duangduangduang5]

So based on this kind of land price, 3.5 million to purchase a Parc Clematis 5 bedder is a good deal right?

[@savvyericchiew]

I saw the transaction. Making the seller more than $700k profits 🤯

[@SKRoy-bs8vc]

You talking very good

[@savvyericchiew]

🙌🏼🙌🏼

[@muchuchen]

If near to Braddel MRT can launch at this price, then Bishan will be even more 🤩🤩🤩

[@savvyericchiew]

Yes 👍

[@alvinlee865]

Developers leverage to purchase land parcels as well. In view of the current high interest rates, the reduction in successful bid price is just an equilibrium action. Land parcels are still just as expensive in real terms.

[@savvyericchiew]

👍👍

[@canonwhale]

Valuable stuff as usual, Eric! Happy holidays!

[@savvyericchiew]

Thank you! 👍

[@lynngor8]

Hooray 2 of my clients got it!

[@savvyericchiew]

👏👏

[@outc4st317]

Can you do a video on Orchard Boulevard and Havelock too

[@savvyericchiew]

Yeah 🥂

[@Mike-e1n]

Agree…..NEVER NEVER TRANSFER OA TO SA!!!

[@savvyericchiew]

🥂🥂

[@yongmengtan8827]

Thank you

[@savvyericchiew]

🥂🥂

[@elaine7824]

Only part of Pine grove Parcel B is within 1km of Henry Park Primary. I wonder if that is the main reason why the land is cheaper

[@savvyericchiew]

Can be part of the reason too 👍

[@tanbryan7824]

Used to not like your video. Now I like u more n more 😂😂

[@savvyericchiew]

Thx for giving chance 🥂

[@KentBravo-uo6pj]

Can you rely on your agent's home valuation? Curious about your neighbor's selling or rental price? #HomerAI by #Ohmyhome

[@savvyericchiew]

🙃🙃

[@jasonjun2159]

Regent Park 2bed2bath can buy?

[@savvyericchiew]

🫣😵‍💫😩🥴

[@youthrestorations]

@@savvyericchiew any chance of REgent park to get enblock? planning to buy for own stay NOT because of primary school..

[@priscillaDLCZ]

Another great video eric!

[@savvyericchiew]

Glad you enjoyed it! 🙏🏼

[@kenshi87]

it's starting~!!!

[@savvyericchiew]

🥂🥂

[@nothingmoves]

2024 or 2025?

[@savvyericchiew]

More likely early 2025

[@chengyicai8775]

Your breakeven costs like never take into account the higher construction costs and financing cost wor

[@savvyericchiew]

I factor in already

[@chengyicai8775]

Hmm let’s say TPY site is $1360. Non remissible ABSD $68 Construction cost $450 (average of 2023 contracts obtained from BCA website) Financing cost - 2.5 years (factoring in time before buyer disburse enough loan to cover the land cost) x 5% (avg developer bond yield which we proxy for borrowing cost) x 1.35 of land cost (factoring in remissible ABSD) = $229.5. Still got marketing cost, which based on edgeprop seems to be 10% of land cost = $136 Breakeven = $2243.5 Above doesn’t consider (1) impact of harmonisation on psf cost and (2) if there are additional professional costs like legal, architect etc.

[@savvyericchiew]

@@chengyicai8775 👏👏

[@muchuchen]

Very detailed break down👍👍👍, so this has not yet factor in developer profits right?@@chengyicai8775

[@sgpropertybuyertherapy]

how much the one to one pay you ?

[@savvyericchiew]

You can check it out with my team for 1-1 pricing 👍 bit.ly/savvywa

[@sghk7433]

How many units did you buy?

[@savvyericchiew]

I didnt buy condo 😅

[@sghk7433]

@@savvyericchiew wow all landed

[@savvyericchiew]

@@sghk7433 yeah 🥂🥂

[@Diderot68]

I say just keep cash and earn interest on deposits.

[@savvyericchiew]

It’s not exciting 😆🥂

[@muchuchen]

UOL wasn't so tempted to play their monopoly game and build their hotel 😂

[@savvyericchiew]

They tried 😆

[@TheBebemom]

See ur thumbnail really damn funny everytime

[@savvyericchiew]

😂😂

[@Shinichiakiyamaaa]

That means Tampines one is 2024!!!

[@savvyericchiew]

Yes should be 2nd half

[@Shinichiakiyamaaa]

@@savvyericchiewthanks bro. Good video this one I like. All in for … you know la hahahaa

[@savvyericchiew]

@@Shinichiakiyamaaa lol all in for? 😆

[@Shinichiakiyamaaa]

@@savvyericchiew I’m your fellow cedarian hahaha

[@savvyericchiew]

@@Shinichiakiyamaaa who who? Share share!

[@ongweelim6030]

Eric just now u mention Jurong lake garden condo don’t buy … guess what I just read a news 5 mins ago a body found floating in the lake OMG😮…. If I buy it will probably spot the body floating in the Jurong lake omg😮😮😮😮😮

[@savvyericchiew]

RIP 😢

[@JxFx22]

TPY TPY TPY ! 😀

[@savvyericchiew]

🥳🥳

[@vincetan89]

Nice hairstyle

[@savvyericchiew]

😆😆

[@BenyongShi]

Huat Kueh Agent. LOL. 😁

[@savvyericchiew]

🤗🤗

[@jeremysng4214]

Sounds like Si Kin Na😅

[@savvyericchiew]

😂😂

[@cryptot8531]

Singlish is so irritating

[@savvyericchiew]

Flavours of Singaporeans 🥂