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As first-time property buyers, there are many things we may fear. Most people lack the necessary experience in buying & selling properties so it may be daunting to choose the ideal property that could possibly enjoy growth yet well within affordability. The number 1 property choice of most first timers is either the next BTO or a resale flat close by their families as most of them are being prudent considering the affordability of public housing. So is this a good idea?

If all you want is a humble and mundane life, it could be the right move.

But if what you yearn for is the betterment of your future and lifestyle? You may want to reconsider other options. Why? Let’s take a look below.👇

Option A:

What most young property buyers do not consider is the lengthy timeline for one to realise their first pot of gold - The long 4 years waiting for construction to complete coupled with the Minimum Occupation Period of 5 long years easily lock a young 30 years old couple for a dreadful 9-10 years and means the young couple would have reached almost 40.

We all learnt that time is money and this is an irrefutable fact of life! Many people have the misconception that investment should only start at the later stage in life but due to the mortgage limitations in Singapore, the older one gets, the shorter the loan tenure will be and that sadly means that the monthly loan repayment will be heftier while other family expenses such as child care and education commitments are increasing. Many people have already missed this high-speed train of investment.

So while you still have this advantage , wouldn’t you do something about it?

Option B:

So let say if you are able to get a nice home for your own-stay while this very first investment still has a high potential of making decent profit in 4 to 5 years (half the time of the public housing route), you would have double your wealth within the same period of 9 to 10 years time compare to option A.

Wouldn’t that be great help to jumpstart your real estate investment journey? ( is not about how much saving but also about how fast you can save) Please refer to chart 1️⃣ below..

Chart 1️⃣
In fact, at some of the prime districts such as District 7 above, prices of properties have increased by over a million dollars in just 5 years.
Would you have double your wealth within the same period compare to Option A HDB 9 to 10 years?

Therefore It is important to know that you have to start this journey as early as possible so long as your finances are sound. Remember I mentioned that being prudent is important. I cannot stress enough that careful planning is highly critical to the success of your first investment.

Now we can see prices of private homes hitting new highs in 2021 in Figure 1️⃣ below, . every time the market dips , it rebounds even higher , and those who are apprehensive and choose to wait end up paying even more than they have to. These are fundamental mistakes that you can avoid easily.

Even though the overall chart shows that home prices continue to climb but truth be told, there are some inexperienced “investors” who made losses too. This could be due to various factors and some of the most common ones are not setting aside reserve funds, having slow hands or simply not understanding the property market well enough. Sounds daunting, right? It can be easy and much safer so long as you follow our proven strategy closely.

Click below link to understand more👇

Understand Details Financial Calculation

Figure 1️⃣: Private property price index (%) from 2000Q1 to 2021Q3

How to Choose a profitable property ?

In Figure 2️⃣ below on the historical price chart of a resale private property Changi Green, as a first-timer, should you buy into the property since prices now are at its previous high in 2014? Do you believe that the price will continue to escalate in the next three years?

Figure 2️⃣ : Resale Changi Green historical monthly price (psf) range.

Now, let me draw your attention to Figure 3️⃣ below to look at some of the transactions that happened in these recent years at resale Changi Green. You might have noticed that some buyers brought into a resale property and ended up not making profits like they would like to, on the contrary, some of them even incurred losses.

Do not repeat these costly mistakes made by others!

Figure 3️⃣: Resale Changi Green lost profits transaction history

The question then boils down to, how does one select the RIGHT PROPERTY?

There are TWO important factors you should use to determine – Potential upside & risk involved. With these two points as my basis coupled with careful analysis of the facts, figures and market insights to determine if the property is safe to enter. And definitely no one can guarantee that you will make money for sure, that is why considering Risk and knowing how to assess your Risk level is equally important as the potential upside.

Click below link to understand more👇

No.1 Rule!

One last example to illustrate my points further. Looking at Figure 4️⃣ below, between Queens and Commonwealth Tower, they are just opposite one another. You would have been relatively upset and utterly disappointed if you chose to purchase Queens due to its lower entry price as price moving sideways. At the other hand, Commonwealth Tower has a higher entry price, yet the profits amounted to so much more.

Figure 4️⃣: Historical price (psf) trend for Queens & Commonwealth Tower

Why are Low moving sideline?

Why are high go higher?

How to buy?

What to buy?

Where & Which location to buy?

When is the Right time to enter or Exit?

Which is better for Investement , Smaller or Bigger unit?

With all these questions in mind, you know that it is key to understand how to select the right property. With factors listed above coupled with criteria that are essential in spotting the right property, you will be able to start your real estate journey moving towards the right direction. It can all be a seamless process when you grasp the fundamentals of choosing properties as it can be applied to find future properties as and when you upgrade.

Avoid repeating others’ mistakes, do reach out to me on WhatsApp @ 90265006 so that we can schedule some time for an in-depth discussion since what we are dealing here are big ticket investments that easily cost more than a million of your hard-earned dollars. Will address all these burning questions just for you.

Set an Appointment to address all these Burning Questions

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✅ How to Create a “Saving Plan” in Real Estate by using ”Other People Money” to pay for your Retirement using “4W1H “ Proven strategies to Shine your Asset regardless Bull or Bear market”

✅ (Statistics show that across different regions in Sg Resale Condo prices averagely increase between 52% to 72% over the last 10 years and 42% to 86% for New Projects)

https://www.edgeprop.sg/property-news/how-much-has-condo-prices-changed-last-10-years

❗️Question, Why more than 75% are still not using Real Estate as a saving plan. What are the common Misconceptions and Fears? 👇

1️⃣ Makiing a Right Choice! Needs or Wants?

https://r009874h.propnex.net/48895/mt-Want-or-Needs--Making-a-Right-Choice---Joe-Ng-90265006

2️⃣ Bank vs Real Estate Saving, which are Better? https://r009874h.propnex.net/50015/mt-Bank-VS-Real-Estate--which-Saving-better--Joe-Ng-90265006

3️⃣ Fear of Recession? Logic Or Emotion?

https://r009874h.propnex.net/6336/mt-Fear--To-All-Buyers--Recession--Wait-to-Buy--Emotion-Vs-Logic--RAM--Joe-Ng-90265006

4️⃣ Rising interest-rates, cause of concern?

https://r009874h.propnex.net/37267/mt-Rising-Interest-Rates---A-Cause-for-Concern-

5️⃣ Interest rate increase, what is your next steps?

https://r009874h.propnex.net/41469/mt-Interest-rate-increasing--how-it-affect-buyers---Sellers-

6️⃣ What is the next step for HDB owners?