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On the point of "leveraging", how to put less amount of fund from pocket for a 1 million flat? That means the monthly mortgage is so high. Even before that, bank might not give so much loan for a singles
Bought my resale hdb 2years ago 840k. Today last transacted 1.26m :) don’t look down on resale hdb leh. Plus my mortgage only 2k.. means I save 2-3k a month alrdy. And I’m just less than 10 minutes to Orchard.
Sianz..i just bought a hdb then saw your video…didnt know u also have a video for singles..usually hear buy one sell two in your videos..now have to wait for 5 yrs then able to engage u..siao liao
I already exited my first round few months ago, waiting to enter second round. Like Eric said the +1 here with the ABSD increase is the challenge. I am a single PR with no family here.
If I had watched your video on my home purchase 6 years ago , I don’t think I will lose money upon selling ( I never chance upon your video upon selling and engaged a property agent who is really not ethical) . Never seen such a property agent like you who gave such constructive advice and so smart in property market . if I’m going to buy another property , will definitely look for you .
I came across this video and it was good with humour and contructive advise and you are so direct to the point. Yes I am surprise that you are not an agent. You should be one. Anyway good job and keep it up. 😊
I need some advise. I’m single and earning about 3k+ per month. What kind of property should I go for ? BTO VS 3 room flat resale? If so how much do I need on cash and also CPF. Any advise pls. I’m new to this. I’m at my late 20s
Is buying a subsale 2+1 (e.g. Treasures or Florence) good for a first time single property buyer? This is the max I can afford that is new and not too small lol.
i thought EC 10 years after TOP then is considered private? newly MOP-ed only like 5+years old havent privatised yet i thought? correct me if im wrong paiseh
@@savvyericchiewhow about resale EC vs Resale hdb (around 50 years lease left)? Thinking to buy a resale hdb first while my spouse buy a new launch condo later on.
If you need me to recommend good projects and guide you to buy at my target price, consider 1-1 consultation program. Get details from my team here bit.ly/savvywa
There is a property selling 20% below market, but seller request for 10% OTP and could be facing bankruptcy. Any golden advise for this high risk opportunity?
I know which property this is!! 🥺 Got to do some background checks to make sure you do not get harassed if and when you do decide to take the unit and move in!!
@@JundaOng the lawyer may only be able to advise you about any ongoing lawsuits! Not any pending ones or whether the owner owes anything to loan sharks / debt collectors 😰 because you know the seller is in desperate need for money, you run the risk of them possibly issuing more than 1 Option To Purchase for the house. So pretty risky 🫠
@@savvyericchiew so your take is starter should always do residential (wise picked) first, cos need to start with a win. Those commercial and industrial talk later..?
Hi Eric! trying to start my journey although is a bit late now. Single SPR in late 30s, do you advise to go for resale 1-2bedder or new launch? does it mean I have time limitation (ie after 45yo, the rental might not cover mortgage)
Eric bro, I just sold of my previous condo and waiting to get my settlement profit in about 1 weeks time. Please 🙏🏼 tell me what new launch condo can I buy as a single , which you think wil very likely have a very high capital appreciation ? Grand Dunman good? I am looking at a budget of 1.45 million.. thank you again Sifu
hmm! what happen if you buy with a like minded friend, then put two names, then market downturn cannot exit lei. ? Then two names stuck. Then your friend want to marry (another person, not you..) then cannot book BTO then die die want to cut loss then how lei. Like minded friend , 3 years later become enemies. I don't advise buy property with friend (unless the real plan is to marry that like minded friend LOLs). Save the money, then find a partner, marry , then buy good BTO or EC.. would be better plan. :)
Hi Eric , for 50 yr old , inv property, which option is wiser ? Get 55pct loan with 25yr tenor (Not much leverage) OR 75pct loan with 15yr tenor (huge mthly installment )
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☎ Contact me for 1-1 program info bit.ly/savvywa
🔥 Upcoming property webinar "Get your first pot of gold from your 1st property!" 🥳
📌 bit.ly/savvyrich3
🎬 Register now!
ESPARINA Residences is probably the one EC, 200m to MRT ,50 m to Sengkang Grand Mall and new 9 yrs old property, 9 stops to Orchard
The advice should be "find a supportive spouse who will let you buy private property" 😂
Totally true!! 👍👍
On the point of "leveraging", how to put less amount of fund from pocket for a 1 million flat? That means the monthly mortgage is so high. Even before that, bank might not give so much loan for a singles
Best to have higher leverage when interest is low. This way you have more spare funds after purchase 🙌🏼
Very good information. Being single this is really helpful.
Hope to see you own 1 prop soon! 👍
Great video! Many essential questions are answered !
🙌🏼🙌🏼
Bought my resale hdb 2years ago 840k. Today last transacted 1.26m :) don’t look down on resale hdb leh. Plus my mortgage only 2k.. means I save 2-3k a month alrdy. And I’m just less than 10 minutes to Orchard.
Resale condo is a good choice too 🙌🏼🙌🏼
Sianz..i just bought a hdb then saw your video…didnt know u also have a video for singles..usually hear buy one sell two in your videos..now have to wait for 5 yrs then able to engage u..siao liao
Sorry I’m late 😢
I have had the 1-1 target long time ago since uni days. Now the absd makes it impossible as single.
Everything is possible. Starting is the way 👍
Dual key? Stay with parents? Find layout that can split yourself?
When there is a will, there is a way. Do some pre consultation with Eric first lor..
I already exited my first round few months ago, waiting to enter second round. Like Eric said the +1 here with the ABSD increase is the challenge. I am a single PR with no family here.
@@Alexusores hope you got a good profit! 👍
Nice watch.. Thanks for the advice
🙏🏼🙏🏼
As a sandwicher of salary 7.1k cannot BTO, cannot HDB loan.
Assets 200k.
Better to go with 600k HDB 2BR or 700k resale condo 1BR?
Your 200k includes cash and Cpf?
If I had watched your video on my home purchase 6 years ago , I don’t think I will lose money upon selling ( I never chance upon your video upon selling and engaged a property agent who is really not ethical) . Never seen such a property agent like you who gave such constructive advice and so smart in property market . if I’m going to buy another property , will definitely look for you .
Sorry to hear about your investment. Not all agents are bad though. Hope you buy a good investment soon.
Anyway I’m not a property agent 😆
I came across this video and it was good with humour and contructive advise and you are so direct to the point. Yes I am surprise that you are not an agent. You should be one. Anyway good job and keep it up. 😊
@@paul_bell thanks man!
I failed my first and 2nd property le. it's pure miracle i still alive today. 🤣🤣🤣
😂
I can only think of the brownstone. Near MRT and shopping mall
Is that a mall? Paiseh I didn’t go before 😆
Brownstone where got shopping mall there.. Northpoint is very far away 😂
@@prophunter8865 maybe referring to Canberra plaza?
@@savvyericchiew that one not shopping mall…
Eric need to take plane to reach Canberra
I need some advise.
I’m single and earning about 3k+ per month.
What kind of property should I go for ? BTO VS 3 room flat resale? If so how much do I need on cash and also CPF. Any advise pls. I’m new to this. I’m at my late 20s
Depends on how much cash and Cpf you have
@@savvyericchiew can I ask how much I DM u to further ask u for advise and suggestion?
@@JJboy4Flower Facebook.com/savvyeric
Thanks so much, Eric.. It is very useful for a single like me.
Time to do a new video on this 👍
Hi Eric thanks for your super helpful content 🙏🙏 You got any thoughts on Daintree Residence?
Although 1st timer profit, I don’t like the resale as there are too many condos there already 🥲
@@savvyericchiew Thanks! If my expected holding period is 5-8 years for own stay, do you think there is substantial room for upside?
@@slim1871 will not lose but you won’t make a lot compared to other areas
@@savvyericchiew Ok thank you sifu 🙏🙏
Charm. i just bought my resale HDB!
See you 5 years later 👍
Hi Eric, u often mention the more we leverage the better, but with 4% interest on loans, won’t it pretty much cancel out the rental income?
You can play with mortgage calculator to match rental with mortgage interest. If I’m not wrong you need to be at 7-8% to match rental
Where to find like minded singles? I don’t mind buying EC or Condo leasehold together with 1 more single. Otherwise can only afford resale HDB.
Find friends 👍👍
Hi Eric, what are those ex-EC near MRT/amenities? Which ex-EC would u recommend? Thanks
Singapore so small. Try to find it 😆
Esparina!
Brownstone?
Hi Eric. Is the joint partner you mention still applicable for first property?
Best is to buy alone. If not enough funds then can can find one more to partner and buy in 2 names 👍
Is buying a subsale 2+1 (e.g. Treasures or Florence) good for a first time single property buyer? This is the max I can afford that is new and not too small lol.
There are lots of resale options for your budget 👍
@@savvyericchiewwhich would you recommend?
@@paulcheng6591 depends on many factors, age, income, buying power. Can consider 1-1 program 👍
@@savvyericchiew thanks! I’ve message the number. How much does this 1-1 thing cost?
i thought EC 10 years after TOP then is considered private? newly MOP-ed only like 5+years old havent privatised yet i thought? correct me if im wrong paiseh
MOP is semi private which can be considered as condo. 10 years is fully privatised where foreigners can buy.
Should I buy a resale condo or resale hdb?
Resale condo 🙌🏼🙌🏼
@@savvyericchiewhow about resale EC vs Resale hdb (around 50 years lease left)?
Thinking to buy a resale hdb first while my spouse buy a new launch condo later on.
Is the Trizon 3BR resale a good buy now?
Depends on entry price
Don't buy Trizon unless u plan to stay there forever. Super hard to sell .....
Why is hdb resale not recommended?
You didn’t give explanation
The upside is slower than resale condo and EC
Why 2B2B better for exit?
2 toilets make more money ✌️
Hi Eric, what do you think of Trizon?
I only remember it caught fire many years ago 🔥
Hi Eric, will u buy a resale hdb for a good location but old flat or lousy location but new flat? For singles with intention to rent out infuture.
New for sure 👍
Remember it’s all about capital gains and not just rental income 😉
Me (29) and my single friend (30).. ~400k cpf/cash combined income 18k. Do you recommend 3b2b ex EC?
400k max budget is 1.4m. Yes 3b2b ex EC
Eric huat kueh! Do you think prime location BTO are cai tao anot? Like need hold 10years and v hard to exit like CCR condo?
Just need to factor 15 years before you can be upgrade. It’s hard to exit because by that time very cute already 😆
Hi Eric! In my early 30s now - only able to afford 1BR on my own, would you recommend to start with 1BR first or save up for 1yr to go for 2BR?
Need 310k for 2br 👍
Hi Eric, appreciate if you can share if the budget is slightly more than 800k, are there decent 1BR condo out there as a first property? :)
If you need me to recommend good projects and guide you to buy at my target price, consider 1-1 consultation program. Get details from my team here bit.ly/savvywa
single got 1 4rm hdb n 1 2beder condo, both fully paid,so what is the way forward?condo rent out n hdb spare room rent already
I hope you didn’t pay ABSD for your condo. You can stay put or explore to sell both to get a 3 bedroom dual key for more capital and rental upside 👍
@@savvyericchiew 3% absd,so is still ok
Hu Eric how is industrial property still a good investment
Quite a boring investment 😆
@Eric Chiew thanks what you recommend if residential is not an option due to absd :)
@@andysaw9443 upgrade your Resi 👍
Eric ah... what is ex-EC? not the same as resale EC?
Yes it’s resale EC 👍
Hi Eric, may I ask will you recommend to buy The Myst for singles first time investment?
Let me do the review first 👍
👌🏻thanks
Hi Eric, just got my PR and intending to buy my first property with up to $1.4 mil budget, would you recommend resell EC or straight to condo?
With 5% absd, I don’t think it’s possible to buy a 3br condo now. Only resale ECs is possible with your budget.
@@savvyericchiew yeah I’m thinking Resell EC. 3 Br / 2 Br or a 2x2 condo , thoughts?
Liked the video because of Bom Bom!😂
I will feature him more often! 😆
Where are the 123 EC near mrt and w amenities?
🤫🤫
Esparina Residences is probably nearest 300m to mrt, 100m to Sengkang Grand Mall and newest 9 yrs
There is a property selling 20% below market, but seller request for 10% OTP and could be facing bankruptcy. Any golden advise for this high risk opportunity?
I know which property this is!! 🥺 Got to do some background checks to make sure you do not get harassed if and when you do decide to take the unit and move in!!
Sounds like a 💩 deal to me 😆
@@singaporepropertytips yes got to do checks first, before OTP. Should I even take first step and pay lawyer? 🤔
@@savvyericchiew I’m trying to find gold amid the 💩 😂
@@JundaOng the lawyer may only be able to advise you about any ongoing lawsuits! Not any pending ones or whether the owner owes anything to loan sharks / debt collectors 😰 because you know the seller is in desperate need for money, you run the risk of them possibly issuing more than 1 Option To Purchase for the house. So pretty risky 🫠
Singles reaching age 55 should get new launch or resale ?
Depends on budget and affordability
Is your advice still applicable if one (a single) wants to buy a property to stay, and no intention to rent it out 😅
Yes it’s the same strategy 👍
Y wont u recommend singles to buy resale HDB?
Upside is not as good as condo
Even if a single is 35 and eligible to buy HDB?
did you buy any commercial properties?
Yes a few 👍
@@savvyericchiew so your take is starter should always do residential (wise picked) first, cos need to start with a win. Those commercial and industrial talk later..?
@@samuelfootsehseng4514 upgrade your residential to the max first. 2 x 4br 👍
Can single buy EC.
Yes ex EC, those after MOP ones 👍
Hi Eric! trying to start my journey although is a bit late now. Single SPR in late 30s, do you advise to go for resale 1-2bedder or new launch? does it mean I have time limitation (ie after 45yo, the rental might not cover mortgage)
You are super young la. Rental can cover below 45 of age.
Can I ask . What business you do.
I do coaching on property investment 😆
One Leicester or 18 Woodsville can buy?
😩
@@savvyericchiew means what?
@@justrandomlilthings bad…
May I know why?
@@jesicoko no demand, not popular.
Does it mean that PR is not suitable/advisable to buy property for investment as he has to pay ABSD 5%? Thanks
PR first property with 5% ABSD is fine. 👍
Pls share the answer to your last Qn, thks!
Which one?
@@savvyericchiew where can I make money in the shortest time
@@cybergod77 depends on budget 😉
Eric bro, I just sold of my previous condo and waiting to get my settlement profit in about 1 weeks time. Please 🙏🏼 tell me what new launch condo can I buy as a single , which you think wil very likely have a very high capital appreciation ? Grand Dunman good? I am looking at a budget of 1.45 million.. thank you again Sifu
You can message me at fb.com/savvyeric
hmm! what happen if you buy with a like minded friend, then put two names, then market downturn cannot exit lei. ? Then two names stuck. Then your friend want to marry (another person, not you..) then cannot book BTO then die die want to cut loss then how lei. Like minded friend , 3 years later become enemies. I don't advise buy property with friend (unless the real plan is to marry that like minded friend LOLs). Save the money, then find a partner, marry , then buy good BTO or EC.. would be better plan. :)
Singles can’t buy EC or good BTO 😢
@@savvyericchiew I meant, kahwin first la then buy BTO or EC. 😎 this is the "standard" way mah
Hi Eric , for 50 yr old , inv property, which option is wiser ? Get 55pct loan with 25yr tenor (Not much leverage) OR 75pct loan with 15yr tenor (huge mthly installment )
Both are fine. The best option is 75% loan with 25 years tenure which I can do 🤫
Eric nice video for us who is single another informative video I want to buy a condo can you suggest?
For recommendations, you can consider my 1-1 program. My team will send you info bit.ly/savvywa
Me 48 soon 50 😩still can 🏡🤔😔
Sure why not? Go for it and achieve! 👍
BOM bom confirm single rite??
He is eligible bachelor (ah sia kia) 🤣
@@savvyericchiew woof woof. Lol.
@@andrewie4 🐶🐶
BOMBOM is single, that's why cannot buy hdb have to stay with Eric.
@@exploringapis4495 lol. Bombom gonna buy landed Liao!! Woof woof
Is it still possible for single with 1.2mil budget to get a decent condo deal nowadays?
Yes 3br in OCR walkable to MRT and Mall 👍
The condo you mentioned have 2br
please? If have, how much please 😊🙏🏻
I am not single but looking to buy regent park condo , May I know is it advisable to buy
Super old and won’t be able to enbloc due to small land and many units 😞
haha I started late, but better than not starting :P
😄😄😄
Started means not late! 👍👍
@@savvyericchiew Thanks for the confidence and help during the 1-1!
No like minded friend 😢. How?
Aim to buy on your own 👍
$50k cpf enough to start?
Need to find partner 👍
Any like-minded here?
@@rahimkader9687 😂🤣
@@rahimkader9687r u local? 😊
@@savvyericchiewEric is now match maker. 😋😋😋😋😋
Funny when you say married someone rich can already .....😂
It’s the truth 😂😂
NFT seriously 🤣🤣🤣🤣🤣
😂😂