Singapore Condos Under $1.5M

[@savvyericchiew]

🔥 Upcoming property webinar "Choose the right new launch and resale with max loan tenure" 📌 bit.ly/savvyrich3 🎬 Register now!

[@fanlie1576]

Anyone who wish buying a condo to rent out, please keep in mind the following expenses: 1/ Monthly interest on your mortgage, 2/ Monthly condo maintenance fees, 3/ Annual property tax (IRAS), 4/ Additional Annual income tax (IRAS) on rental income, 5/ Landlord responsibilities: As a good landlord, be prepared for additional costs related to repairs or replacements as per the tenancy agreement. 6/ Think again for other potential expenses (based on your situation). Many people overlook or are unaware of these expenses in detail. Compare all these expenses with your rental income and potential capital appreciation of your desired condo to make an informed decision. And finally, ensure you forecast your cash flow for at least 6 months ahead-the longer, the better.

[@ct234ev]

Thanks Eric for sharing. Thinking of upgrading soon. Good formula to follow.

[@savvyericchiew]

🙌🏼🙌🏼

[@DerpyDerpGamesGalore]

brother your videos make many agents go jobless hahaaha .. awesome stuff .. so much to learn from your videos

[@savvyericchiew]

😂😂

[@tulipsandpeaches1834]

How do you assess the list of properties at 6:35 ah? Is there a website

[@savvyericchiew]

Need to subscribe Squarefoot.com.sg

[@ongweelim6030]

Eric can share what website u using to check existing selling price or property? Or this tool only available if u subscribe or u need to be an agent

[@savvyericchiew]

Squarefoot.com.sg need to pay and subscribe 😆

[@zac476]

Is there a scenario where I have the capital for 28% of property price but cannot loan the remaining 72% because of 55% TDSR and monthly income too low?

[@savvyericchiew]

Loan 75%, down 30% including stamp. There are ways to get more loan 👍

[@ernestli4429]

Suspect that a 30-year loan @ 45 years old probably involves a combination of the following? - An initial 30-year loan at 55% LTV - Then cash out refinance a portion of the downpayment paid in cash to achieve an effective 75% LTV

[@savvyericchiew]

Very creative but nope. Good try!

[@thelostandfoundkid]

Wait for your BTO series!

[@savvyericchiew]

This is quite challenging 😆

[@thelostandfoundkid]

@@savvyericchiew No hurry! Enjoy all your videos. Keep it up!

[@insinuator999]

@@thelostandfoundkid Absolutely no hurry. he's not going to do it.

[@kae11.11]

Bto also need huat kueh to make videos meh.. just buy 5 year mop near mrt, mall, good school.

[@tanshirley3211]

Eric, you think bullion park 2 bed rooms can buy?

[@savvyericchiew]

😢🤢😫

[@mchan1970]

Eric, under $1.5m, maybe can still buy FH 3 bedder under 1300 sq ft at flora road area. But Hor! Better be quick. Prices are creeping up. But again hor! No one is selling! It’s a sellers market there! Haha!

[@savvyericchiew]

😱😱

[@kelk1134]

Thanks Huat kueh for the video 👍👍 Wah 34K subs!!! Followed since 2k

[@savvyericchiew]

Thank you for your support since Covid! Much appreciated 🥂🥂

[@everythingshimmerylalaland2793]

Hi Eric. We are a first time upgrader from HDB to a Condo. May I acquire on the 30 years loan that you are able to offer from your end for applicants under 45 years old. May I know the procedures to obtain this loan from you . Thank you.

[@savvyericchiew]

I’m teaching in my next 2 days program. Bit.ly/savvyrich3

[@nicholaskoh9046]

What are your thoughts on 3 bed 3 bath at Central View, hougang street 11

[@savvyericchiew]

🤢😫🫣

[@ahpat1]

Waiting for your Chuan Park review leh.

[@savvyericchiew]

Coming soon!

[@waoteverrrr]

Eric, when you talk about rental, you didn't minus the agent fee and the property tax. means rental is 4000 means landlord will get less than 4000 monthly.

[@savvyericchiew]

Yes correct 👍

[@hahaha-ey6jn]

But agent fees will somehow be ‘paid’ with the rental deposit right?

[@xlade]

and also adding salary into the mix to make it positive isn't called an investment already

[@Luvmafammie]

And mcst

[@savvyericchiew]

@@hahaha-ey6jn yes correct! 👍

[@joeyl9435]

Hi Eric, can buy Yew Mei Green 3 bedders for own stay?

[@savvyericchiew]

🫣🤢😫

[@joeyl9435]

@@savvyericchiew thanks for your advice!

[@brunog6151]

Budget $1.5-1.6M. Can only buy resale for bigger size. But what's the ideal lease years for such? In east area

[@savvyericchiew]

Can get 3br near mrt 6-9 years old projects

[@Nizam-ez1qz]

Hi Eric, any recommendations for a 4bedder resale in the east w a budget of 2mn?

[@savvyericchiew]

Very good budget for 4br currently. Might be difficult in a few months time. Consider my 1-1 consultation program if you need my guidance 👍

[@nicolas99786]

watercolor nv residences few 4bed to sell chk propertyguru

[@Nizam-ez1qz]

​@savvyericchiew hihi, may i know where can I find more details on your 1-1 consultation?

[@kovanong07]

My 4 rm at Bidadari mop next year. Any good recommendation?

[@savvyericchiew]

Very Huat next year! Got many options 👍

[@jinzleo]

Boss, Forte Suites can buy or not?🧐

[@savvyericchiew]

🤢🫣😫

[@jinzleo]

@@savvyericchiew thank U boss

[@chowzisiong7800]

Semi D in bukit timah 'only' 5M back in 2017? wow!

[@savvyericchiew]

😂😂

[@kaiyuant3864]

Hi Eric, What is your advice on property progression given an income of 3k, no savings, these numbers seem a little bit out of reach currently.

[@savvyericchiew]

Plan for 1st property. Can be BTO too 👍

[@insinuator999]

If you are 20 YO still have hope.

[@kaiyuant3864]

@@insinuator999 Mid 30s

[@kaiyuant3864]

@@savvyericchiew Okay planning to do that, getting first BTO but will be 45 when it MOPs.

[@ds68889]

Where is the 4br below 1.5m ? Which project is it?:)

[@savvyericchiew]

Secret 😆

[@homhope]

where to find good resale 4 bedroom?

[@savvyericchiew]

Depends on budget and area 👍

[@criticalthinking7975]

Backbone of this video is assumption on rental income. So better not over stretch/ over leverage relying heavily on rental.

[@savvyericchiew]

All resale properties got rental income 👍

[@OSSE-d2j]

Must jya yu now ! I'm that 27%

[@savvyericchiew]

Jia you!

[@jameskong7757]

Eric, to get 30 years loan at 45 means bank only can loan up to 55% then 45% have to be in cash/cpf? Then how is the downpayment of 400k plus being possible?

[@savvyericchiew]

It’s possible 👍

[@jameskong7757]

@@savvyericchiew so to explore, this possibility, have to reach out to you privately to obtain property loan financing?

[@savvyericchiew]

@@jameskong7757 I’m teaching in the upcoming class 21-22 Sep bit.ly/savvyrich3

[@JCx-dj4tw]

If 45 yrs old can get a 30 yr loan, what would a 55 yr old get a 20 yr loan?

[@savvyericchiew]

Yes can 👍

[@JCx-dj4tw]

@@savvyericchiew really?

[@margaretchong1450]

Also need to factor in ABSD if buying for rental, otherwise stay where? If stay with parents why buy to pay until 70 yo? If a 40 yo sell to buy with family, 2 bed 2 bath too small la. HDB 4 room already 900+ sq ft. Squeeze in there for a lifetime? Too pitiful.

[@savvyericchiew]

No ABSD and always start investing if you want to stay in a big house 👍

[@ewokmoses5909]

Resale geyland Lor 32 freehold 10yo beside 3 mrt. 409sqft. Less than 700k. Squarish layout. Jus sharing.

[@savvyericchiew]

😱

[@OrangeMelting]

Huat kuey tow, given a 1.1-1.2mil budget for investment. Would you advise to go for a new launch (smaller unit) or resale (bigger unit)?

[@savvyericchiew]

Resale 👍👍

[@Sgfan]

Why resale can buy 1 size bigger, should property always go up?

[@savvyericchiew]

Based on same budget for new can buy 1 size bigger for resale 👍

[@shenwee4160]

Wah. Didn’t know 45 years old can get 30 years loan for 75%

[@savvyericchiew]

Power right! 😆

[@tobacollections2130]

What if I am 46yo? 29 years loan? If yes, I go find you. 😁

[@shenwee4160]

@@tobacollections2130 he using loan tenor extension to market this technique. Not upfront 29 or 30 years.

[@galroreem]

Great video! How to get advice for 30 year loan?

[@savvyericchiew]

I’m teaching in my class 🙌🏼🙌🏼

[@galroreem]

@@savvyericchiew Ok ok thank you. Will it be the Tuesday and Thursday class where we can sign up?

[@savvyericchiew]

@@galroreem 2 days class is on 21-22 September

[@galroreem]

@@savvyericchiew thank you!! 😀

[@galroreem]

@@savvyericchiew where to sign up? 😂

[@davidlim7440]

Waiting for your 4BR recommendation for investment property. $2.5m budget

[@savvyericchiew]

Very good budget for 4br! Well done!

[@jamespang4992]

Hi you say condo is few years back can buy leh . Not today market leh😢

[@savvyericchiew]

I didn’t say that

[@thebestbees]

Able to get any good lobang for 4bedder below 1.7m?

[@savvyericchiew]

Yes my member just got 4br below 8yo at 1.47mil beside MRT. Impressive 🤩🤩

[@thebestbees]

@@savvyericchiew isit yishun / Canberra / Sembawang area ?

[@beedeebee179]

Waiting for your champion way review 😁

[@savvyericchiew]

Soon!

[@vincenttan1571]

1m65 said JB better, food also good.

[@savvyericchiew]

Can join him 😆😆

[@sgboon]

Boss, Jadescape 1 bedder for investment ok Bo?

[@savvyericchiew]

🫣🤢😫

[@gparamaeswary7276]

Give the name of condo 2 bed 2bath

[@savvyericchiew]

Secret 😜

[@pokemonyu]

It will works when the property trend keep going up. When the trend turn………

[@savvyericchiew]

You just make lesser if turned 🥂🥂

[@Sharonlimei]

So many hidden cost he does not counted in : mcst : 3600/ year, property tax : 5000/ year, agent fee: 2000/ year and income tax : 3000/year at least, so added up 14k / year Liao 😂

[@savvyericchiew]

Will talk about appreciation gains in next video 👍

[@JaWs738]

What to sell ?

[@savvyericchiew]

🤔

[@gunnerstnt01]

Wah means 70 plus still paying, not stressful meh, if u are say, below 45 and take 30year loan

[@savvyericchiew]

Tenant pay so not stress la 😆

[@MasterLeong888]

tiagong rich people stay hdb, poor people stay condo wor...

[@savvyericchiew]

Haha check the background of who you heard from 😂

[@Thedeark]

For monthly installment, is it advisable to use as much cpf as possible instead of cash money?

[@savvyericchiew]

Both works 👍

[@Firizm]

Yuhuu!!!!

[@savvyericchiew]

🤩🤩

[@sghk7433]

So work till 75yo

[@savvyericchiew]

Don’t need to hold that long 💪🏼

[@daxteoh27]

Eric, Where is the 1.5m 3b2b condo that you searched?

[@savvyericchiew]

Secret 😂😂

[@weijl762]

Give u hint. Near punggol mrt

[@yoyo-jx1vy]

Have time to walk bombom but no time to do YT 😢

[@savvyericchiew]

Bombom more important 😆😆

[@alanccvoo]

near LRT can?

[@savvyericchiew]

Preferably not 😆

[@alanccvoo]

die lo .. 3 bedder 1.5M , the though was 2-3 stop to 2 major mrt line

[@joey_yong]

Ty master huat kueh

[@savvyericchiew]

🤩🤩

[@shinycopper]

i think now cap for cpf is 1.5k not 1.3k

[@savvyericchiew]

I mean CPF capped is $6800 for this year and different ppl has different OA contributions so I use $1300 as a guide 👍

[@gabrielchan4420]

3:55 Wah lao eh.. 45 borrow 70pc loan for 30 years. Pay interest to the bank until become impotent.

[@savvyericchiew]

Interest is paid by tenant if you rent out 😆

[@joannamah4791]

nabei jumpscare

[@savvyericchiew]

👻👻

[@flameice85]

Wah liew. At least mention all the condo names leh

[@savvyericchiew]

Got suspense ma 😂

[@YuHsuanHo-ww9hv]

Lentor go CBD take almost 1h door to door.... omg max I can take is 30mins w 1.8m budget, will you pick lentor or contenuum?

[@savvyericchiew]

I will go resale 3b3b 👍

[@ZeJoules]

So what was that OCR 2b2b near mrt ah… 6:50

[@savvyericchiew]

Secret 😆

[@kelvynchin1968]

Rental is dropping past 6 months... fyi hor

[@savvyericchiew]

I’m using the latest numbers 👍

[@margaretchong1450]

​@@savvyericchiew latest means history liao. Signed last month. 😂

[@tobacollections2130]

New launch or resale for 1.3m budget? 烦恼

[@savvyericchiew]

Resale can buy 3br 🥂

[@vincenttan1571]

where to buy?​@@savvyericchiew