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The Criterion EC Review | Newly MOP Executive Condo | Singapore Property | Eric Chiew Review
Рет қаралды 21,541
Күн бұрынAll 505 EC owners of The Criterion are going to reach MOP on 26 Feb 2023.
It is the first EC of 2023 to reach MOP and all will be giant Huat Kueh!
I will be sharing:
What should you do when you reached MOP?
Should you decouple to buy the 2nd investment property?
Should you sell 1 buy 2 condos?
How much assets do a couple have after their MOP?
What is the expected profits for owning an EC?
What can you do with all the profits and savings?
Let's find out more!
What is your plan after reaching MOP?
Love to hear your plan by commenting below :)
🔥 Upcoming property webinar "Double your property portfolio after your MOP!" 🥳
📌 bit.ly/savvyrich3
🎬 Register now!
Check how huat you are --- tinyurl.com/sav...
@savvyericchiew Жыл бұрын
🔥 Upcoming property webinar "Double your property portfolio after your HDB/EC MOP!" 🥳 📌 bit.ly/savvyrich3 🎬 Register now!
@savvyericchiew Жыл бұрын
Share your views about Criterion here! 😉
@guntan9007 Жыл бұрын
As usual…informative property video for all (especially younger singles/couples) living in singapore. Waiting for your next video upload 😊
@savvyericchiew Жыл бұрын
Thanks man!! Later got livestream at 9pm. See you later! 👍
@jamesstudy2047 Жыл бұрын
Hi Quality Content and funny jokes! 🙋🏻♂️
@savvyericchiew Жыл бұрын
Hee hee 😆
@zaccaz123 Жыл бұрын
Whats the pros and cons of "Sell and buy 2" vs "Keep current and buy 2nd investment property" ? Is it because once u sell, you get to free up alot of cash to be used as downpayment? But this strategy only works assuming both couple have high income to tank the loans right?
@savvyericchiew Жыл бұрын
Objective is to own 2 private. You don’t need to tank 2 loans because the rental will cover the monthly installment for the investment property. Just need to take care the own stay property installment will do. Hope this helps! 😉
@zaccaz123 Жыл бұрын
@@savvyericchiew I see, but even before the rental kicks in, both must be able to obtain loan approval, so in a way, income must still be high enough for both individuals to obtain a 1mil++ loan by themselves minimally. Is that correct?
@savvyericchiew Жыл бұрын
@@zaccaz123 I have magic to do that even no income 🤫
@kelvynchin1968 Жыл бұрын
EC got 2 names?, so you need to decouple else kena ABSD. Another thing is after earning from the EC, can upgrade (to better location, bigger property etc). I think at the end of the day to each his own.
@stickymoney Жыл бұрын
Awesome details and quick calculations on this video!
@savvyericchiew Жыл бұрын
🙏🏼🙏🏼
@heartspanda Жыл бұрын
Able to do a video on a case study where lower income family ($10k or below combined) can also turn to huat kueh with property strategies? 🙂
@savvyericchiew Жыл бұрын
Sure why not? One by one! As long as you take the first step 😉
@hotkymilky Жыл бұрын
this video should be charged money, enlightening!
@savvyericchiew Жыл бұрын
😆🙏🏼🙏🏼
@gomugomu4489 Жыл бұрын
1 like for Bombom! Fuyoh so cute~ I like signature at Yishun, the project so nice.
@savvyericchiew Жыл бұрын
Bombom thank you! 🐶🙏🏼🙏🏼
@tenga3tango Жыл бұрын
You still dont get the hint, Yishun is a basket case , according to you know who .
@savvyericchiew Жыл бұрын
@@tenga3tango 😂
@gomugomu4489 Жыл бұрын
@@tenga3tango haha I like the Yishun condo. Cos very quiet, land big, pool big, facilities nice. But it’s same price as another place beside a blue color land, so bo bian have to buy that.
@lishr4536 4 ай бұрын
which u bought in the end? lol@@gomugomu4489
@sgdadbored Жыл бұрын
5:48 is legit 😊😊😊
@savvyericchiew Жыл бұрын
😆😆
@benng7306 4 ай бұрын
Hi Eric, I have been using the same method in your video for past 20 years ago, flip about 7-8 times. But it’s kinda boring now since can only hold 2 properties w/o paying absd. Is there any way on how to buy my 3rd property w/o paying absd? Im holding 7 digit cash and do not want to put in FD/SSB or Tbills. Im near 50 this year. Please don’t recommend me buy under trustee or pay in full etc, property investment is about leveraging and not pay in full. Thanks. 🙏
@savvyericchiew 4 ай бұрын
No way to buy 3rd without paying ABSD. Only way is to buy as big as possible, like landed 👍🏻
@thsim88 Жыл бұрын
profit must take into account accumulated cpf accured interest
@savvyericchiew Жыл бұрын
Yes and very healthy profits for 7.5 years 👍👍
@wilsonlim6677 Жыл бұрын
Hi Eric, For 1st property normally do you reccommend 99 & 1 ownership and plan for 2md property in future?
@savvyericchiew Жыл бұрын
Totally depends on profile and other factors. If you are referring to EC, not everyone can do 99/1 due to cannot decouple later on. If you are referring to condo, I will advise to own 1 property in one name to save the decoupling costs of $6000 to $8000. Anyway don’t anyhow structure 99/1. You need professionals to do that to make it work
@zaccaz123 Жыл бұрын
@@savvyericchiew Why EC cannot decouple?
@savvyericchiew Жыл бұрын
@@zaccaz123 If do wrongly, you need a lot of cash to do Cpf refunds. That means decoupling is out. Then will need to sell and buy again
@zaccaz123 Жыл бұрын
@@savvyericchiew i see. So this issue only kicks in because of CPF right? If the person holding 1% is self employed and pay installment via Cash only, no cpf, will this solve the problem?
@savvyericchiew Жыл бұрын
@@zaccaz123 not only installment. It will affect if you use CPF for Downpayment too. You can do this and show me tinyurl.com/savvyasset and send to bit.ly/savvywa
@DTLayman Жыл бұрын
help me understand pls - if i sell 1 buy 2, i end up paying 3400 per month . if i just buy 1 w the 1.3mm full cash+cpf, then I don't need to pay anything to live. :(
@savvyericchiew Жыл бұрын
Not wise to do that 😉
@chandranv5420 Жыл бұрын
Hi Eric, is there a way talk to you about the way forward for us to move forward in reinvesting in another property? I am 65 and my wife is 57. We live in a condo (with mortgage) and just sold our HDB flat.
@savvyericchiew Жыл бұрын
Hey Chandran, happy to know you have 1 private and possibly another one. You can message me at Facebook.com/savvyeric or text my team at bit.ly/savvywa
@pearlynyap2689 Жыл бұрын
Based on your spreadsheet, i can buy 1 landed leh! haha, but my hubby says dont want 😢 still trying to brainwash him, i have 1 more year to go.. 😂
@savvyericchiew Жыл бұрын
Wow you are one hidden Huat Kueh! Unleash it now! 😆
@kelvynchin1968 Жыл бұрын
Good video with solid numbers, thumbs up. But the video still no laughing track so got less entertainment value LOL. Its good to be a bit prudent, though. Anything can happen moving forward next few years.
@savvyericchiew Жыл бұрын
Glad you enjoyed it! 🥳
@homhope Жыл бұрын
Hi are you able to do a review on Parc life? thanks
@savvyericchiew Жыл бұрын
Yes will do on early March! Your turn next month! Welcome you huat kueh! 🥳
@roxburytan6915 Жыл бұрын
Currently own brownstone, do u think I should sell now or wait till the price further increase since watergardens already selling 1,400 psf..
@savvyericchiew Жыл бұрын
Asap, my 1-1 members from brownstone has sold and bought city fringe which has more upside 😆 Do this up for your own reference tinyurl.com/savvyasset
@savvyericchiew Жыл бұрын
kzfaq.info/get/bejne/g5aTd8l6qd2zXac.html Watch this. I shared about brownstone 👍
@roxburytan6915 Жыл бұрын
@@savvyericchiew yeah I’ve watched all your videos. Okay! Maybe after I sell I sign up for your course. Really need guidance
@savvyericchiew Жыл бұрын
@@roxburytan6915 that’s the first mistake. Should have a plan then sell not the other way round 😉 Anyway I have livestream later at 9pm. See you later! 👍
@tenga3tango Жыл бұрын
What about outgoings expenses like food ?
@savvyericchiew Жыл бұрын
😆🤣
@ZEN_X999 Жыл бұрын
After both 55 then are able to buy buy ppty after the sale ?
@savvyericchiew Жыл бұрын
Need to set aside part of the retirement sum then can decide whether it is suitable. If sell 1 buy 2 is stretching, the least risk is to decouple to buy investment property.
@williamwong2296 Жыл бұрын
Until today I cannot convince my dad (age 57) to sell our current HDB to move to a new launch/resale condo. Both my parents combined assets CPF proceeds + cash easily : $1.3mil. HDB current value worth 650k. The only problem I see is might be the loan issue. How ah? 😅
@savvyericchiew Жыл бұрын
Not easy for your parents to do. Unless they are buying with you because the loan tenure can be longer and thus easier on monthly installment. Easiest way is using their cash and your Cpf to invest in property. You need their cash, they need your youth. Best teamwork! 😉
@williamwong2296 Жыл бұрын
Alamak, thanks! But I already BTO with my wife, need a roof too 😂. Cos I just feel that they are sitting on a 650k+ HDB that’s gonna become “worthless” next time, hoping they can transit to a resale condo if possible 😅
@lishr4536 5 ай бұрын
now do you like the north, since they all huat huat big?
@savvyericchiew 5 ай бұрын
Not as Huat as the others 😆
@lishr4536 5 ай бұрын
why u think Punggol got higher growth than North side sia? Both are ulu@@savvyericchiew
@savvyericchiew 5 ай бұрын
@@lishr4536 data shows 👍
@lishr4536 5 ай бұрын
thanks boss :)@@savvyericchiew
@victoryleo1981 Жыл бұрын
MCST fees are insubstantial? No?
@savvyericchiew Жыл бұрын
Nah…. everyone pays but most importantly the gains is very healthy! 👍
@longfung Жыл бұрын
What if when the EC MOP your age is around 48?
@savvyericchiew Жыл бұрын
48 is young la… easy to execute too 😉
@tsengchuen 8 ай бұрын
May I have the excel spreadsheet?
@savvyericchiew 8 ай бұрын
Tinyurl.com/savvyasset 👍
@Jajatjajat Жыл бұрын
Is property, rental income tax & MCST accounted for these scenario Eric?
@savvyericchiew Жыл бұрын
I didnt factor that in. You can nett off from my gross profits/rental 😉
@kelvynchin1968 Жыл бұрын
Generally, should still earn! Property investment is good in singapore.!
@joelyipjr.522 Жыл бұрын
Do you do all the editing urself? All along thought u are a property agent leh
@savvyericchiew Жыл бұрын
Actor, script writer, director, research and editor 😆 everything except property agent 😉
@joelyipjr.522 Жыл бұрын
@@savvyericchiew wow. What tips will u give for beginners to try out youtube video haha
@savvyericchiew Жыл бұрын
@@joelyipjr.522 keep doing videos and create value for your audience. Most importantly be yourself! 👍
@kelvin8519 Жыл бұрын
Hi Eric
@savvyericchiew Жыл бұрын
Yo Kelvin! 😉
@poshcode11 Жыл бұрын
Eric, u should also invest a better microphone! 😂
@savvyericchiew Жыл бұрын
It is the echo?
@poshcode11 Жыл бұрын
@@savvyericchiew haha ya abit. U should invest gao gao the whole package. Cam and mic. 😌😁
@savvyericchiew Жыл бұрын
@@poshcode11 the problem is my IT is limited 🥲
@the50dollarsman Жыл бұрын
All the EC owners start crying tears of joy liao
@savvyericchiew Жыл бұрын
I’m happy for everyone! 🥳
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