FACING A FLUID INDUSTRY
Many key issues surround us all the time with varying degrees of effects on our lives and the world around us. And many times, such occurrences are beyond our control. Key issues that affect us such as a pandemic, the Russian-Ukraine conflict and/or sanctions imposed, where much uncertainty looms over the economy and our future. Or perhaps the rising interest rates and recent property cooling measures , where the latter stems to impede the red-hot property market despite economic fallout from the pandemic.
Can we really Time the Market to wait for the Right Time? Let's wait for the Market to drop.
From the table 1, 2, 3 below👇, you can easily observe that despite several rounds of cooling measures implemented, the average prices of new homes & resale homes in the private property sector continues to flourish.
As you can see from 2013 after the double round of cooling measures in January and June 2013, up till July 2018, new sales average $psf grew by 20% overall, albeit volatile. And on the resale front, $psf grew by 7% .
Assuming you entered the market after the
second round of ABSD
in 2013 and bought a
New property of 1,000 sqft which show below
table 1, at
$1,363 psf and kept it until the recent highs of 2021 when it is
$2,248 psf, you could have the option to walk away with a staggering
$900,000 profit
!!
The objective here is to help you take the right action , if you had the choice to buy a property for own-stay and at the same time reap big profit margins, would that be a dream come true? Don’t you think that it is close to impossible to save $900,000 in 8 years by working hard in your day job while thrifting?
Table 1️⃣ above
Despite Cooling Measures, Average prices of New Sales & Resale homes continued to grow
Table 2️⃣ above
Despite Cooling Measures in 2013 and 2018 above, those who take Action make profit
Table 3️⃣ above
In fact, at some of the prime districts such as District 7,
prices of properties have increased by over a million dollars!
Table 4️⃣ above
If a decade is too long for comparison, let us look at the 5-year absolute profit of averagely $400k to $500k above
despite
Property
Cooling Measures
, Interest Rate & Pandemic & World
uncertainty.
For those who are still waiting, what will be the Result above if you Time the Market? You should know very well.
Even on the outlooks of HDB during the same period as seen in Table 4 below👇, from its peak prices in 2013 , resale prices have dipped for 24 consecutive quarters (6 years) by 12.4% . After bottoming in Q2 2019, prices have rebounded and did remarkably well in 2021 as prices grew 12.7% - exceeding peak prices in 2013 .
Looking at the data might then trigger one to consider would it been better to sell their HDB flat in 2012 or 2013 before the price slum?
Could you have foreseen the HDB prices to exceed its current high again?
Or could you have profited even more by selling now and
reinvesting those possible profits
?
Exit or Hold? Many homeowners continue to battle with such questions and ultimately cause their own inaction.
Table 4️⃣
HDB Resale Prices grew by 12.7% for whole of 2021
Private Home Scenario
Let’s take a look at
Table 5 below👇, Double Bay Residences, a 99-year leasehold condominium with an average entry price of $600psf when it first launched. Reaching its peak at 2014, prices were
soaring
to an average of $1,250psf, which if you were to have sold it then, would reap you a
handsome profit
of $650,000
.
With no surprise, most of the owners will choose to continue holding it. Nothing but prices continue to move sideways since the peak in 2014 till now.
Question is, will the price continue moving
sideways
or would there be
any more upside?
Or the most
important
question should be, why did this property
not riding
the recent upswing like the newer developments in
Table
1️⃣ above within the same period with from 2014 to 2021
?
Table 5️⃣ Above
Or Could there possibly be key indicators out there you could read into so that you could enjoy the maximum gain like those highly savvy investors?
Lets see If you were to Choose to Exit, shown in table 6️⃣ below, swap to Bartley Ridge 99-year leasehold condominium within the same year from 2014.
Your total wealth will be Close to a Million dollar in 12 years if you apply the Swap strategy to Exit your Double Bay in 2013 and Re-entering into Bartley in 2014 or make $300k to $400k profit if you choose to exit and cash out your HDB in 2013 instead of just break even.
For those Resale condo and Resale HDB owners , knowing when to Exit is very important for those who are not just looking for homestay but also at the same time to Grow your Wealth
Ask yourself this question, by working hard for the last 12 years , can you achieve this number through you own saving?
(There are still many other properties that lost their momentum and reaches its peak below.
What about yours?
Have you missed out the opportunities to grab this bullish market to multiply your profit?
Our aim is to take you through three stages of your real estate journey, where our objective is to address all your concerns and provide clarity to property owners and aspiring ones about intricacies that you might not yet know about the property market so that you could make wiser decisions moving forward.
Timing may be critical but precision is everything . If times are good, you are able to make good profits on your property. But even at times when it may seem unfavourable, there are opportunities that lie within, especially during a crisis. Timing your entry and planning exit with precision is crucial as it often dictates the kind of profits you are able to generate.
Retirement & legacy
Going through the different property journey stages with you, we hope to help you plan for the future. Especially the golden years when you should be enjoying the joys of what life has to offer and not worry about the inevitable rising cost of living in Singapore. Looking at the infographic from CPF below, you can see the stark difference when it comes to the usage of your CPF for different age groups. There are factors you will need to consider when making your property move as many still have the misconception that you cannot use your CPF to pay for private properties! Have you ever wondered if there is a strategy behind the utilisation of our CPF funds?
Also, another article from The Straits Times reflecting on those who are in their 60s and have regretted not having a head start or any proper planning when it comes to retirement. From the article, one netizen even quoted saying that "she wished she had purchased two properties back than and she would have less to worry by now".
Did you plan for retirement?
Knowledge that Transforms Lives
People always
misunderstand
that property investment is for the rich and for those who have the massive capital to get in. But they fail to see that
even for first-time buyers who would generally buy a home for own-stay, if bought and entered at a
good timing can result in big reaps
and create a snowballing effect in their future property journey if
carefully planned
.
So I would urge you, who is currently reading this and feeling curious about how different your future might be, don’t let this opportunity slip by you.
Safeguard your future by reaching out to me on WhatsApp @90265006 so we can schedule some time for an Non obligation discussions.
😊
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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?
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? https://r009874h.propnex.net/30590/mt-What-s-next-for-HDB-owners--Joe-Ng-90265006
7️⃣
Critical Facts for Buyers!
https://r009874h.propnex.net/21453/mt-How--Crucial-Facts-All-Buyers-Need-to-Know--Joe-Ng-90265006
8️⃣ Time the Market, Wait to Buy, right strategy?
https://r009874h.propnex.net/35397/mt-When--WAIT-To-BUY---Joe-Ng-90265006#/
9️⃣ Sell & Buy High? Still can make Profit?
1️⃣0️⃣ Hold, Enter or Exit?
1️⃣1️⃣ Misconception of popular saying rules when choosing a project!
1️⃣2️⃣ No.1 Rule!
1️⃣3️⃣ FreeHold or 99 lease?
1️⃣4️⃣ CEO Ismail Gafoor shares his insights on the latest cooling measures in an exclusive radio interview with MONEY FM 89.3.
https://r009874h.propnex.net/54813/mt-New-Cooling-measure
#joengpropertysolution
Other Tips & Information
✅ Do not Play the Waiting Game because Home Prices are Unlikely to Drop in 2023?
✅ Suburban and fringe condo projects dominate Top 10 gainers list .
Joe Ng K C
CEA NO. : R009874H
Disclaimer:
PropNex Realty Pte Ltd or its salespersons will not be responsible for any errors or omissions or for the results obtained from the use of this information. All information is provided with no guarantee of accuracy. If in doubt, kindly seek appropriate advice from your financial advisors or bankers before you make any property investment decision.