6 Super Useful Tips To Spot An “Undervalued” Property In 2021

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Күн бұрын

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Everyone loves to buy an undervalued property. After all, who doesn't want to buy low and sell high? It's the ultimate dream for any property owner. That said, 2021 is a bit of a conundrum, to investors and homeowners alike. While home prices are rising across the board, it’s a little painful not to take advantage of super-low interest rates; or face the prospect of prices going even higher if you wait. Even in the current high-priced environment, however, there are ways to spot an “undervalued” property in the Singapore private property market.
1. Examine saturated areas first
Going by the demand and supply rule, in areas of an oversupply you have more option to pick out something that may have been overlooked by others. Especially with many resale options in an area, noting down the price discrepancies between each can help you identify one.
2. Work out the new launch / resale price gap
To get a better idea, read: [stackedhomes.com/editorial/un...] In short, the idea is to identify the price gap between a new launch and resale property in the same area (somewhat related to point 1).
3. “Worst house in the best area” strategy
This is old real estate advice, and works best if *applied in moderation*. This argument is that - if you look for a stigmatised or run-down property in a desirable location (e.g., an old flat in Bishan, or Peace Mansion in Dhoby Ghaut) - you are most likely to find an undervalued property.
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0:00 - Intro
0:59 - #1 Examine Saturated Areas First
2:46 - #2 Identify The New Launch And Resale Price Gap
5:03 - #3 Find The Worst House In The Best Area
7:58 - #4 Don’t Ignore New Launches In A Later Sales Phase
9:33 - #5 Dodge The 5-Year Mark For HDB Properties
10:53 - #6 Check Out Older Listings (Including Rental Listings)
14:22 - Outro
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Stacked is an online editorial aimed at helping Singapore home buyers, sellers, and renters make better decisions. By regularly conducting research and publishing our findings, we hope to give our readers a much better perspective on buying, selling, or renting Singapore real estate.
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Пікірлер: 31

@StackedHomes 2 жыл бұрын

Do you have any other tips for spotting an "undervalued" property? Store - stackedhomes.com/store/?.com&NOKd6ubac Website - www.stackedhomes.com/?.com&NOKd6ubac Instagram- instagram.com/stackedhomes Facebook - facebook.com/stackedhomes TikTok - www.tiktok.com/@stacked.homes

@Rod-bp8ow Жыл бұрын

Consistency of the details of any property/properties is most important. It can be undervalued since its shelf life has been utilized, that makes it justifiable, while repairs and maintenance is visible as well in any property/properties. It won't be appreciated as many expect when it has the depreciations, be it newer ones constructed, they depreciate daily as well as everything are shelf life and quality. Details are to be inspected in order to be certain.

@hhspore 2 жыл бұрын

on the subject of older listings, I noticed that some agents always REFRESH their listing such that a unit that was advertised months ago still shows as being listed 2 days ago. Any advice or comments on this would be most appreciated. Thank you !

@StackedHomes 2 жыл бұрын

You are correct. There's no way to tell this for now I'm afraid, but if you are in the market looking at the same criteria, you would surely recognise it since the photos would stick in your mind. This is why those who are prepared and in the market for a while would likely be rewarded, since they start getting a good feel of the market prices and know which units have been on the market for a while 👌

@LordBagdanoff 2 жыл бұрын

Always thought it’s the way the website work to refresh the listing.

@Jakezz88 2 жыл бұрын

hihi! love your content and hearing the advice u guys provide. would like to hear your thought on punggol HDB resale unit pricing in the current market. it has seen strong growth but will a 10yr old resale still be able to sell for a higher price say 10yrs down the road? or would all of that appreciation been realised at this 10yr mark? say for a block which is 1 lrt stop away frm punggol mrt stn.

@sgoadmin7294 2 жыл бұрын

interesting topic for discussion! 👍 nowadays, more often there are “over-valued” re-sale private properties sweet-talked by agents representing the sellers & not the buyers! 🙄

@StackedHomes 2 жыл бұрын

Haha. Well, a good seller agent will push for the highest price. A good buyer agent would try to get the lower price. Of course, price isn't everything too, there's a lot more advising on other aspects of the property 😂

@ej9943 2 жыл бұрын

Do you think CityLife at Tampines is undervalued now at approximately 1,280 psf for 1.1k sq ft 3 bedder? The supply of condo near MRT seems low with only Citylife and Trilliant in proximity.

@JasonJFlippingLife 2 жыл бұрын

I'm heading to Portugal to scout properties. Some of the tips were useful to remind me of how to spot value. Should have delved more into location though as that's the most important factor no matter what part of the world you're looking to buy in.

@StackedHomes 2 жыл бұрын

Thanks for sharing your thoughts!

@jem8965 2 жыл бұрын

Love the content as usual. But have you guys considered putting the Audio part of the videos into Spotify? Haven’t seen updates there. I listen to them when I run 🤣

@StackedHomes 2 жыл бұрын

Hey Jem! That's a great feedback 😀 We'll take that into consideration!

@cchan4739 2 жыл бұрын

Can I get your views on slightly older (~15-20 year old) freehold condos in Orchard/ RV that are going for 2000-2300 psf? Would these be considered undervalued? These are FH plots on prime prime prime land, with malls and MRT at the doorstep.

@StackedHomes 2 жыл бұрын

Hey C Chan! I think that undervalued is quite loosely used sometimes. In this case, we think that in general, $2,000-$2,300 for large ORCHARD/RV condo with little or no small unit mix and larger land sizes are worth considering investing in long-term. But we won't quite say they're "undervalued" 👌

@cchan4739 2 жыл бұрын

@@StackedHomes Thanks for your insight! I think in general Orchard condos have a relatively large unit mix, while those in neighbouring RV and Newton are more variable.

@junberg 2 жыл бұрын

Good content and I learnt something! thou a slighter better looking background would look more pleasant to audiences' eyes. Seems like its recorded in a temporary woodshed.

@StackedHomes 2 жыл бұрын

Hahaha temporary woodshed. Noted on this will feedback to the team 👌

@eightfoldsg 2 жыл бұрын

More of this series please

@StackedHomes 2 жыл бұрын

Thank you Kelvin! Looking forward to putting out more 😀

@ivanwhi 2 жыл бұрын

How can one tell if an Auction property is undervalued ?

@sherryoak1993 2 жыл бұрын

Entirely off tangent, but are checked shirts the uniform for this series?

@aissws 2 жыл бұрын

😂

@lucaslin8601 2 жыл бұрын

Hearing your comments on the red light district is giving me pause on Mori which will launch soon. The PSF is pretty attractive to me but it's at the fringe - wondering how much of this I need to factor into the resale potential??

@StackedHomes 2 жыл бұрын

Hey Lucas! So long as the price is decent and the layout is good, it would be okay 😀

@kojak1137 2 жыл бұрын

Good content! You seem to know what youre talking about

@StackedHomes 2 жыл бұрын

Thank you Carl 😀

@daphnezhang3113 2 жыл бұрын

Do you think sturdee residences is undervalued?

@StackedHomes 2 жыл бұрын

Hey there! Hmm it's hard to say whether or not it's undervalued without doing a more detailed study on it (which can be subjective in the outcome too!). We'd also need to consider looking at the unit, not just the development as a whole. Do reach out to us at hello@stackedhomes.com and we could discuss more 👌

@jeanchen1758 2 жыл бұрын

Do you think Tanglin View is undervalued? It's surrounded by much more expensive condos, it's near the redhill mrt, and it looks like it could enbloc since it already has 2.8 ratio.

@StackedHomes 2 жыл бұрын

Hey Jean! We don't think Tanglin View is undervalued. It's a pretty old leasehold property. In terms of en bloc, there are also other options around the area so we think that it's trading normally.