10 Most Unprofitable Condominium - What Can We Learn From Them?

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10 Most Unprofitable Condominium - What Can We Learn From Them?
I am going to share the 10 most unprofitable condominiums in Singapore. I rank them based on the number of unprofitable transaction and the magnitude of their losses. I will share the 5 characteristics of their poor performance. At the end of this video, i will also share with you a bonus tip that will help you in your oversea property purchase.
wa.me/+6592973150
Alan Wee l #AlanWeeProperty
(65) 9297 3150 I CEA Reg No. R024730A
www.AlanWeeProperty.com (Resale)
www.AlanWee.com (New Homes)
/ @alanweeproperty
FB: AlanWeeProperty
References:
www.iras.gov.sg/taxes/stamp-d...)
www.edgeprop.sg/condo-apartment

Пікірлер: 66

@tanpingyi4771 Жыл бұрын

very informative, hope to watch and learn more! subscribed!

@alanweeproperty Жыл бұрын

thank u. i hope u have enjoy them.

@tigerbelly2152 Жыл бұрын

Nice analysis. Well done!

@alanweeproperty Жыл бұрын

Thank u

@zandrakoon4651 Жыл бұрын

Kindly include Scotts Square, Orchard Residences & 21 Anguilla Park in your list. Thanks for sharing !

@alanweeproperty Жыл бұрын

dont want lah...all outcome u more or less know...

@rolandchia3805 Жыл бұрын

1.Marina bay suite, 2.V on Shenton, 3.Reflections, 4.Marina Collection, 5.Helios Residences, 6.Hamilton Scott’s, 7.OUE Twin Peaks, 8.The Scotts Tower, 9.The Cape, 10.The Line

@alanweeproperty Жыл бұрын

there are others too from river valley to geylang.... too many. but the above stood out.

@Shane-lc7pm Жыл бұрын

thanks for the analysis. could look at % loss in a separate video. there's sample bias from central properties commanding greater quantums.sixth possible reason is the slight skew to leasehold

@alanweeproperty Жыл бұрын

Actually, there are alot of condos that loss money from pasir panjang to river valley to spottiwood park to geylang... I only highlights those that have more unprofitable against profitable transaction. The tenure doesn't play a big part. It's more of the product itself.

@ryoji_matsuoka_singapore Жыл бұрын

very good analysis, please do one similar video on surburbs of singapore

@alanweeproperty Жыл бұрын

surburbs mostly make money. got a handful that lose money. esp those that enter high or those not too ideal projects.

@douglasang3527 Жыл бұрын

Well said 😄

@alanweeproperty Жыл бұрын

Thank u

@waynec5208 10 ай бұрын

Good content thanks. What tool did you use to see the Singaporean %?

@alanweeproperty 10 ай бұрын

Edgeprop

@hhspore Жыл бұрын

I think the sky high MCST is also a major deterrent to potential buyers in the resale mkt. who can handle monthly MCST of close to 1K ??

@alanweeproperty Жыл бұрын

Agreed...

@shinovasion6826 Жыл бұрын

Very informative. Maybe do a top 20 instead.

@alanweeproperty Жыл бұрын

Top 20? Don't scare me lah...I do 10. I already KO...

@henryng2800 Жыл бұрын

With the Great Southern Water Front projects, I believed project like Reflection will surge. Dont forget, properties are dynamic, it can turn and move forward too. Maybe is good to look for good buy now.

@alanweeproperty Жыл бұрын

True. Property will turn due to external factor. But this video is done based on date of recording.

@Stothereal Жыл бұрын

don't think so, it will take a decade or two for the GSW to materialise

@alanweeproperty Жыл бұрын

@@Stothereal agreed. It will take some time...until tuas mega port in operational first.. then the relocational of ports activities.

@swimlah Жыл бұрын

Hi I’m holding on to Sunshine Plaza since day 1. Hopefully enbloc but waiting ….. any advice ? Tyvm

@alanweeproperty Жыл бұрын

Wingtai or CDL still holding on to them? I think tough...becos prices also went up.

@alanweeproperty Жыл бұрын

Can consider to cash out n profit. Enbloc I think tough..maybe 2 rounds later...

@lindc1070 Жыл бұрын

Developers just want to sell out. In speculative mkt foreigners snap up luxury condos in Shenton way area, Orchard, Sentosa but these areas have no local demand for own stay so in crisis they will be hit first

@alanweeproperty Жыл бұрын

It's the same for Singaporean that buy oversea properties...and in major cities in the world.

@lindc1070 Жыл бұрын

@@alanweeproperty can avoid that mistake by buying property that has local demand, also every city is different so we need to research carefully.

@stellatan1992 Жыл бұрын

What do you think about Perfect Ten?

@alanweeproperty Жыл бұрын

It's still under construction and not transacted in the resale market. I can't comment much.

@rolandchia3805 Жыл бұрын

This is a reminder property is not a 100% ‘sure make money’ strategy…

@alanweeproperty Жыл бұрын

FD today is 100% sure make 💰💰💰.

@lindc1070 Жыл бұрын

It is all about Timing, if you buy too high then chances are it will take a longer time .

@accent-ku4bm Жыл бұрын

hmm i missed the point why low % of SG buyers = high chance of unprofitable resale?

@alanweeproperty Жыл бұрын

Becos no local demand. Therefore, they depend on foreigners to buy. So if foreigners don't buy. Who will buy? Now 60% absd. Game over..

@lindc1070 Жыл бұрын

Local buyers provide more stability as there will always be those who buy for own stay. Investors will dump units when things get scary such as a crisis or when govt introduces cooling measures

@alanweeproperty Жыл бұрын

www.asiaone.com/money/top-10-biggest-condo-losses-202223-what-we-can-learn-them?Autofeed&Social&Facebook#Echobox=1685722198

@alanweeproperty Жыл бұрын

Interestingly. Their title so similar to mine....😂

@yipkf18 Жыл бұрын

Bro. Later u will come out the 10 most profitable condominium? 😂

@alanweeproperty Жыл бұрын

😆 lol...maybe one day..I shag already after doing this..

@freddyng3623 Жыл бұрын

yes. Good idea

@9959 Жыл бұрын

You reading from your computer script?

@alanweeproperty Жыл бұрын

I read how PM speak during NDP rally. 😆

@risd1071 Жыл бұрын

does it matter?

@gparamaeswary7276 Жыл бұрын

@@alanweeproperty 😂

@alanweeproperty Жыл бұрын

@@risd1071 no lah. I think he think I have super memory like PM...🤣

@chaz4609 Жыл бұрын

Jai Hinduja. Now luxury condos can turn the corner with rich foreigners mostly Chinese buyers.

@alanweeproperty Жыл бұрын

very true....

@krollpeter Жыл бұрын

It seems most of these were simply overrated, and later people saw they are not worth the $$.

@alanweeproperty Жыл бұрын

Yes. The real test come from the resale market.

@JanghoTango Жыл бұрын

看了觉得自己很变态，为什么看到有钱人输钱，自己很开心 😅😅😅

@alanweeproperty Жыл бұрын

他们在帮我们交税

@prime8krish Жыл бұрын

don't buy anything above 2.5k psf. not worth it. anything above 2k is high risk.

@alanweeproperty Жыл бұрын

Timing also play impt n also the location n tenure,etc...but agree w you. Some will have trouble existing.. anyway some are bought by well to do foreigners so no worry....only those cash strap/ over leverage will have to pay the prices

@destinyx7620 10 ай бұрын

Talk better don’t talk. Gong jiao Wei. Self proclaim guru

@alanweeproperty 10 ай бұрын

No prob. U are entitled to your opinion.

@Paul-ki3st Жыл бұрын

You never really explained why they are unprofitable . Just listed them out . A bit boring !

@alanweeproperty Жыл бұрын

I did. Nvm. It's ok.

@lindc1070 Жыл бұрын

@@alanweepropertyexplanation may not be enough for those who have no experience in pte propertu mkt in SG as they have no idea how our property mkt works