I found FREEHOLD condo buyers in Singapore that have LOST MONEY...

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I found FREEHOLD condo buyers in Singapore that have LOST MONEY...

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Josh Tan - TheAstuteParent

Күн бұрын

Пікірлер: 72

@joshconsultancy Жыл бұрын

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 =)

@contrarian2496 Жыл бұрын

Properties tend to have highest probability of losses when the purchase price is too high which is observed from the current new launches like Blossoms By The Park, Tembusu Grand and Botony@Dairy Farm all of which are 99 years leasehold condo transacting at their respective estates record PSF. When prices have peaked and FOMO dried up, that's when losses accumulate.

@joshconsultancy Жыл бұрын

I share similar concerns

@kevinlim7974 Жыл бұрын

I think you've hit the nail on the head. If buyers today are snapping up new launches at $2600psf, what are they expecting as their exit strategy? Do they think the prices can hit $3500psf in 10yrs (roughly 3% CAGR) ? To me, highly doubtful if interest rates remain moderate/high and there's an economic downturn in between.

@chinchowpowpook Жыл бұрын

Bet to differ..depends on what u buying..which level ,etc..price difference can be 150k comparing level 8 and level 35..as investors u buy lower floor..

@steventay5834 13 күн бұрын

Don't buy now!! Risky

@prophunter8865 Жыл бұрын

Marina Bay area is like a dead town on weekends.. while Paya Lebar is bustling with activities day in day out. Perhaps that’s why Parc Esta is doing well while Marina One Residence is not as well.

@chinchowpowpook Жыл бұрын

Not doing well in appreciation or rental ? Lower floor or high floor? Buyer and investor, same but different when choosing units..ccr short term not easy cash out..but high rental yields

@francisliang9307 Жыл бұрын

Fresh insight!! Your analysis made logical sense. Didn’t realise buyers profiles statistics (% locals) is a strong factor to price appreciation. 😮

@joshconsultancy Жыл бұрын

Thank you for the high praise. Share with someone who should see

@steventay5834 23 күн бұрын

Buy old property with large floor areas with enbloc potential is the best lah.. but u need to have holding power

@johnng5315 Жыл бұрын

Like it when u talk about property!

@joshconsultancy Жыл бұрын

Thank you for support. Stay tuned for part III =)

@cuttfhjbh Жыл бұрын

Josh maybe you should consider doing property consulting . I find your research very balanced and well thought and there might be demand for new homebuyers to have unbiased analysis for their property decisions

@joshconsultancy Жыл бұрын

Thank you for the high praise. Stakedhomes are doing a fantastic job on it. I research for my own learning and to have knowledge on property to holistically factor into my core work which is in retirement planning =)

@DonYang73 Жыл бұрын

It all depends on what you are looking for. To live in is a very personal thing.

@bigno1900 Жыл бұрын

seafront alot of erosion cause by the salt water content wind. cost of living more expensive also in CCR. RCR OCR more livable for non elites locals.

@limsh-zc3by Жыл бұрын

Thank you Josh for the informative video. Is there a chance that you do a video on districts that are favoured by Singaporeans own stay? Thanks again.

@joshconsultancy Жыл бұрын

I guess the simple answer could be RCR and OCR. Thank you for the high praise

@yaocongtan9189 Жыл бұрын

Great insights! Thank you for sharing

@joshconsultancy Жыл бұрын

Glad you enjoyed it Yaocong =)

@sharisdu Жыл бұрын

You also did a review on the Asana condo pty. Can you help us review for the Asana condominium. Thank you.

@bkoh1771 Жыл бұрын

Like every investment, shares ( for example if u invested in Japan for the past 20 yrs) & properties there are bound to be some who lost but from a long term perspective most will gain.

@joshconsultancy Жыл бұрын

Fully agree. Most long term stock investors also do well. But in stocks, because cycle for price movement is so much faster, there’s way more opportunities to speculate and in the end most lose there

@kevinlim7974 Жыл бұрын

I think 1 of the 'cons' of Sky Habitat is the floor plans. Unfortunately, Moshie Safdie's vision doesn't seem to be appreciated by prospective buyers 😅 There's a higher % of balcony space, so the internal space is much less than specified.

@joshconsultancy Жыл бұрын

Interesting point noted =)

@angdarren5832 Жыл бұрын

Well we will find out soon, when the psf of eunos and katong is going for 2.5k if this is the next peak cycle.

@theendtimesmarketpredictio4940 Жыл бұрын

Time to do a porfolia performance review next ..on youtube on your stocks, coins ,and bonds and what is the strategy this year??

@joshconsultancy Жыл бұрын

Suggestion noted

@steventay5834 23 күн бұрын

Don't buy is the best lah..

@sek898 Жыл бұрын

good analysis

@joshconsultancy Жыл бұрын

Thank you 🙂

@money3ss Жыл бұрын

Interesting - even pty also have over n undervalued like equity

@joshconsultancy Жыл бұрын

YES!

@KiwiLimHuttons Жыл бұрын

*_I am interested to know what properties you have bought for yourself and your rationale behind it._*

@joshconsultancy Жыл бұрын

Hi Kiwi, seen you on FB. I've only bought a HDB and a condo so far and they are both near parents. Second one being near pri school and when moved there the first was rented out until very recently sold. The focus has been happy as a home first and comfortable on budget next. Cya around

@christopherlaw9184 Жыл бұрын

Josh, your #1 point has an error. It shows “Don’t” instead of BUY. Thanks for sharing your findings 👍🏼🏆

@joshconsultancy Жыл бұрын

Oops error in edit noted 8m10 BUY condos which are homes for HDB upgraders

@babibrain Жыл бұрын

Good point

@inggriddarmawati5131 Жыл бұрын

Good insight, thanks. To see the condos' buyers profile by residential status and by purchaser address -- is it a free public website? Possible to share the link?

@joshconsultancy Жыл бұрын

On edgeprop

@annew5380 Жыл бұрын

2017 till now is 6 years, not 16

@johnwee38 Жыл бұрын

Very informative.Looking forwards to your views on coliving investments. Thanks

@joshconsultancy Жыл бұрын

Stay tuned =)

@frankauerbach Жыл бұрын

Those who bought hdb flats 5 years ago will be up between $100k to $200k now, don't even need to purchase a condo to make 6 figure profits.

@joshconsultancy Жыл бұрын

BTO/EC flats very likely gain at least that. What I hear on the grounds =)

@frankauerbach Жыл бұрын

@@joshconsultancy My sister in law bought bto in bukit batok 5y ago for 300k+, now she can sell for 600k+. My own resale hdb bought in bt panjang was bought at 4xxk 5y ago, the market value is 6xxk now.

@eawtan Жыл бұрын

Thanks!

@eawtan Жыл бұрын

Another point to consider is the condo maintenance cost, luxury developments with lush grounds are not cheap to maintain/upkeep.

@joshconsultancy Жыл бұрын

Thank you for the support @eawtan 🙂 Agree with point

@andygregory2145 Жыл бұрын

These are 99 lease year projects not freehold. Please correct subject.

@joshconsultancy Жыл бұрын

Curious, if research can be done, what are the chances that I didnt realise they were 99y. Title is correct. See the story flow to 6m50

@agu26fly Жыл бұрын

Josh can u do a video on hdb resale value

@joshconsultancy Жыл бұрын

As in what topic of hdb resale value? Have you seen my previous sharing I SOLD MY HDB FLAT ... Bearish On Singapore Properties But Why? kzfaq.info/get/bejne/gp13jKWi08DKn4E.html

@fool1124 Жыл бұрын

anyone thinks Singapore real estate prices can never come down are delusional and deceptive. My 5rm HDB was sold at 500k in 2000 after 5y mop i bot at 300k in 2005, it further drop to 270k in 2008 it went up to $700k in 2013 than came down to 500k in 2018 and now sits at 800k

@joshconsultancy Жыл бұрын

Agree

@Farmersyoungseniors Жыл бұрын

99 years only

@joshconsultancy Жыл бұрын

Which one you're referring to?

@Farmersyoungseniors Жыл бұрын

Reflections and Marina one are both 99 years?

@joshconsultancy Жыл бұрын

@@Farmersyoungseniors Curious, if research can be done, what are the chances that I didnt realise they were 99y. Title is correct. See the story flow to 6m50

@bahbahbah8460 Жыл бұрын

1:04 it's 2007, not 2017 (:

@joshconsultancy Жыл бұрын

Oops spoke wrongly - ya 2007

@mkmk8896 Жыл бұрын

Bought in 2017 is not 16 years old

@joshconsultancy Жыл бұрын

Spoke wrongly - ya 2007

@cchan4739 Жыл бұрын

It's all about entry price. No matter how "good" your condo is.. if you entered at too high a psf you're gone case. And I'm not sure that it's because Singaporeans don't find CCR attractive, but it's more of an affordability issue. The older FH CCR condos have bigger units that the avg Singaporeans cannot afford. Look at Newton, it's centrally located, close to malls, close to good schools aplenty. How would Newton's FH condo psf lose out to somewhere like AMK or Lentor where it's 99LH? It just doesn't make sense.

@joshconsultancy Жыл бұрын

Maybe if this reason of "families are buying" has some truth, it could explain?

@chinchowpowpook Жыл бұрын

Agreed, is all about local’s affordability..most able to buy 1.6-2mil, only few can do above 2 mil mark..so be very careful to enter high Quantum or big floor space condo. For investor they only care more bedrooms n toilets and Match their budget..a 3 bedder can be small 890 sqft at 1.7mil still can rent out 5.5k ,older unit 1300 sqft mostly 2.4mil..rental price still same,hence super low rental yield ..harder to sell too, only appeal to family not investor