@@janis1954 They said 3%. However, there are cases which I heard that if you commit to sell xxx number of units in xxx time frame, you will get much much higher
As a Property agent for 15yrs and transacting close to 900 transactions, I have met many many people and it is true that I hear more regrets from people buying overseas than people buying Singapore properties. I myself made a 5 figure lost in overseas properties and also lost in exchange but my properties in Singapore made 7 figures gain even with the home that I bought for own stay. So one don’t need to buy and rent out, you can also buy and stay and let the home appreciate so you can get a handsome some of money to retire. If really FOMO, you must well put the money in REITS fund. Good yield and also can sell anytime. Some REITs gives as much as 6% to 7% yield.
My opinion on interest only loan being promoted. Interest only loan does come with debt risks. In this scenario, you are not paying down the principal so you are not reducing debt risks over the long term. What this means if the property market do crash, the bank who is using the property as a collateral for your loan will come after you. Holding a loan for three years and holding it for twenty is quite different and any top up or foreclosure by the bank will wipe out all passive income earnings. The chances of a property crisis in a 20 year period is certainly higher than a three year period so prudent property investment should include some degree of principal pay down so that debt risk is progressively lowered as you hold longer for rental income.
My colleague told me her relative bought a UK property. The tenant stays there for the past two years during covid but not paying her rents. She bo bian cos of the lockdown etc. Now her tenant refused to move out and she still didn't get a single cent. Stupid to buy overseas properties! Buy local properties better. If my tenants dare to owe my rent, within 7 days I go down, change lock la! anytime can杀下去找他们算账！suka suka can go down to swim, play tennis, go gym, chill at the deck chairs etc.🤣😂🤣
Once tenant knows this unit belong to foreign LL, they anyhow chut pattern liao. Hope they able to chase the tenant out. Also, angmor countries their TA usually favours tenant…..eviction can be a costly and time consuming process. 😒
@@JRambonian Wah!给你讲中了！She took no pay leave a few months ago to fly to UK to settle this. Tenant very racist! Scolds her china money! F off to your china! the Ang mo very aggressive! As long as see you with black hair and Chinese features, will conclude that you are from China. She has decided to sell the condo. But 亏大了！exchange rates she sure rugi, then no interest for the past few years plus, 白忙一场。。。😱😱😱last time got one agent kept asking me to invest in Japan properties. No way. I only buy local properties. So much easier to manage and huat if u choose the right ones!💰😛😎
Thanks Eric for the very clear video to help those people who may be considering to invest in oversea properties to understand their risks. In case really got such people… 👍🏻
I posted a comment on "the other channel" and it got deleted. The creator claimed they didn't delete it and perhaps TH-cam did. Anyway, I will post a version of it here (I did not save the original but guarantee that there is zero profanity, racial sensitivities or any TH-cam policy violations) and hope that Eric or TH-cam don't delete it. In that content, there was a portion that invokes the fame power of Warrent Buffet using JPY to buy Japanese Assets which I felt was very misleading. This example was cited to assert that if you borrow in GBP and repay the interest only loan in GBP, there is no Forex risks. First, invoking the Oracle of Omaha is already flawed as that example was that it wasn't Warren Buffet the individual but Berkshire Hathaway the public listed company that got that loan in JPY and bought those assets. You cannot compare a corporate access to credit with an individual. Its completely different as Berkshire is listed, has assets and even have Moody's ratings, so their costs of capital and ability to borrow from Japanese Institutions is very different from an individual with some savings in Singapore, a salary reference from his employment and perhaps some Singapore property asset such as the HDB which the person is living in. Second, it simply leveraging even if you have negated the effects of Forex risks ! Leveraging simply means being in debt hoping that the interest of the debt is 100% be paid by the earnings from rental. Here simple rental yield projections are used and there is no mention of "other risks" such as possible inability to rent out, non rental period between tenancy contracts and worst, the kind of maintenance costs you need to sink in to prep for the next tenant if you do get a tenant from hell. I have nothing against property investments as a wealth growth strategy but promoting such get rich quick scheme is quite irresponsible or to use their terminology, s c a r y. Remember, if you want to use lots of leverage to get passive income, caveat emptor ! My advise then is to borrow so much that if you sneeze, the bank and its bankers will rush to give you a tissue box. If you are just an individual who borrowed just the amount for the down payment, I guarantee the bank will come after you with an army of corporate legal hawks if you are behind in servicing the loan for a few months. (Except HDB Loan to be clear) Some of my comments are still in that channel and the link is referenced here. And yes, the first comment posted in Eric's video is yours truly. th-cam.com/video/PDfvxOiZg3s/w-d-xo.html
Eric thanks for the excellent review again!! Shawn reveals that he bought mostly or all flats in UK, I began to wonder if he is an expert in this area. Savvy property investors in UK mainly focus on landed houses as they have demand and the supply of houses are limited. In addition, the Elizabeth tower flat which Shawn purchased is at a new build which is price at 30-50% premium as compared to resale units... Exiting is going to be a long shot which collecting little cashflow. It is like paying for $4k psf for new launch condo in sg when surrounding resale condo is doing $2.5k psf, good luck on the exit. The projections that he gave is just on paper and Eric is right it is all about exit. 3-5 years time horizon is a gauge whether you have bought a good property, you can still hold on to the property longer if you want. However, if you bought a bad property..of course you can only be looking at 20-30years horizon. Could it be that they are promoting these high price shiny looking flats instead of houses to their students is because they can get fat referral commissions from developers who can’t sell their flats?
Yeah, I do agree with the view that the Manchester new builds seem to be priced very aggressively. Of course, we cannot predict whether the prices will rise in the future. All the best to those who invested.
Thanks Eric for these points, fully agree with your argument. This I Quadrum group is really a group of scammer. you even need to pay to have them pick UK house. Literally, you need to pay to get scammed. So they can earn membership fee, coaching fee, commission if the member bought the house. Members might lost in UK property, I Quadrum always win in fee and commission.
Excellent. Your logic and line of argument is very persuasive, I agree. I have personally been to Manchester to walk the ground and check out some of these new-builds. My decision was not to invest. Disclaimer - we are invested in London.
@@savvyericchiew I don’t wish to take sides in your ongoing “debate” with another TH-camr but I thought it would be useful to ask the question on whether people who bought in Manchester have gone through a sales process and successfully sold their flat, be it for profit or loss. The sales process in the UK cannot be underestimated. Very difficult. I can speak from experience having gone through it. (London only)
This is my last video already. They said they know someone who sold and made but not themselves as they think the rental income is good. Anyway I wish them all the best in their investments 😎
@@savvyericchiew I have no doubt they can sell. It is just how much and how troublesome the process is and how long it takes. Not like SG where property can flip like prata.
love Eric Chiew Huat Kueh for his very honest review.. there are so many better ways to make money why die die wanna buy an overseas property to lose money hahaha
Share here in case my comments get deleted in I Quadrant channel . FX risk is NOT 20% of overseas property price. 80% is loan in pounds, when converted back to SGD, you will incur FX risk too. FX risk is 100% for overseas properties.
I already own 2 properties in Malaysia, very hard to monitor and not appreciating, worst thing is that they are new launches some more. Don't understand why still have brokers trying to sell . Please don't waste money to invest somewhere outside than Singapore. Life is short, nobody know when I will die, maybe tomorrow. At least in Singapore my wife and kids still able to manage these assets.
@@TheBebemom 400k alone can buy $1.4mil worth of property. Which can be a 3br near mall and mrt. If one got at least 250k cpf, with 400k cash can buy $2.275mil! 🤩
No wonder they say sg’s $$$ so easy to make..Liao lah..now uk also know sg always chiong for ptys..always got that “no fish got prawns also good” attitude of buying
Eric, just a few years ago they were preaching to their ah hai students to buy SG industrial properties and exit around 3 years after learning from marko? The returns they got from exiting their industrial properties is nothing exceptional, if not for the covid induce spike in property prices. Any landed or shophouse owners during the same period would have made such returns or even more without going for their “expert” advice. It seems they do not have any focus as I recall they switch from preaching SG industrial to SG residential to now pretending to be expert to sell UK new build flats property to their ah hai students.
Than invest in vision exchange? 😂 It’s not that we don’t have a focus. Property investment is our focus. The reality is we made money in SG Resi, SG industrial and now in UK. And we cover all of them. The only asset class we are not confident in is Singapore Commercial offices. That’s why we don’t teach that. This one need Eric to teach.
@@shawnlee8005 Vision Exchange is another example of event risks … who would have known then that Najib will lose and Mahathir made that historical comeback and killed the High Speed Rail Project ? Had Najib stayed in power, Eric will be a giant double stack Huat Kueh in Vision Exchange ! Now it’s a pancake 🥞!
@@rl7449 my opinion is that even if that doesn’t happen, vision exchange will not make money as well. At least in the short to mid term, everything goes in the long term. I had advised against vision exchange even before the event risk happened. That’s why none of my thousands of community members ever bought into that given how easy it was to purchase it since it’s a new launch.
If the IQ guy is reading this comment, I would like to hear his thoughts on his refute on 1) interest only loan and 2)leveraging to buy somemore properties when the original property cannot be sold.
@@carollim8667 Say you buy at 250k and now market only willing to buy at 200k, do you want to sell? Sure, you can sell at a loss but then what’s the purpose of investing then? To that IQ guy, he is super confident and sure make money. But for Eric, i have friends who went to his one on one (also very expensive la 🤣) but has made money so far.
@@carollim8667 everything can be sold, it’s always the price so when you buy high in the first place, it’s difficult to sell. There are times where there’s no buyers even if sellers sell at a loss.
Excerpt from CNN on upcoming new leadership in UK “Polls put Liz Truss, the UK's foreign minister, well out in front of former finance minister Rishi Sunak in a contest that will be decided in early September by members of the Conservative Party. If elected, Truss faces a daunting array of problems. Millions of Britons are struggling to make ends meet as inflation hits a four-decade high, driven by soaring household energy bills that are expected to top £300 ($365) a month in January. On Thursday, the Bank of England raised interest rates by 50 basis points to 1.75% - the biggest increase in 27 years - and said it expected the UK economy to tip into a recession by the end of the year. “
@@savvyericchiew I wonder if this is a perfect storm for UK properties … high interest rate plus high inflation means locals won’t be looking for property investment in the near term as disposable income is reduced and mortgage payments are up. I am also sure as in Sg banks, fixed rate loans are priced much higher as banks moderates their own exposure.
Eric, did u see their 2nd video on UK properties? they say buy uk properties no Fx risk. Why? cause u take loan in pound so effectively no fx risk? is like huh?!? then they say pound drop nvm, raw material will go up so means new launch will sure be higher, if like this why those buy JB properties nv laugh their way to the bank but crying now.. another way they say to hedge fx risk is that we earn in sgd so hedge the risk, huh?? so based on all these rubbish said, if got kuku attend their program means these kuku will nv be in the same waveline as you.. so dont bother saving them.. 2nd point they say u need to have a uk property then can come out and say them hor.. then if like that say means for some scams online, i need to click those links get scammed then i know for sure those are truly scams?! heard them ard but nv once click their video until this UK properties saga.. know i watch their video then know they really sibi lousy leh..
Actually no FX risk if you plan to retire and spend pounds there 😅. The moment you convert back to strong SGD, gone case. I want to create awareness to those who haven’t bought. The risk is freaking high and I doubt they will make any profits. The chances of losing is almost 100%
Saw GPBUSD dropped -3.5% in just one day last Friday, and I immediately thought about your review on UK properties. Eric seems like your time for the last laugh has just began. 😂 their UK property haven’t hold 2 months, FX loss already wack them gao gao lolol
They are totally fine since they say there’s no FX loss 😂 Anyway I don’t like to see people lose money in their investment. Let’s wish them the best! 🥳
I heard David Beckham always come sg, stay in mbs since he is mbs ambassador,,can check w him Manchester uk housing why must target sg half a globe away, instead few famous footballers can buy whole building Liao.
@@guitarsingaporeRapture some buyers who paid ABSD for new launch condos in 2018 still make money with ABSD and other miscellaneous fees accounted for.. not an issue if u select the right one.
@@prophunter8865 ABSD is now 17% for 2nd property. So pls don't pay ABSD. It's too much.Before 6 Jul 2018, it was 7% only for 2nd property. 7% can still swallow, but not 12, and now 17%. If one had paid ABSD before 6 Jul 2018, then yep, still make. The COVID-19 induced runup of prices is scary. Today is a different story - 2000psf+ for OCR property! I rest my case. (I'm assuming one isn't a giant giant huat kueh la. I mean, if you're James Dyson, what is ABSD 🤣🤣
GBP pounded to 1.55 SGD and if MAS tighten to fight the rise of the USD , it will get pounded further … no wonder those uK property investment ads have Vaporised !
I archived these Eric n i quadrant uk’s video..capsules it..4 years later will repost this and compare with then the market ..hope both Eric n I quadrant see Still around to witness who is right who is Huat kueh makers or caitow kueh makers #iquadrant
Now Iquadrant selling some Bali villa…surely developer give very high commission to them. Poor buyers believe they will make money when it’s only leased to them 😢
@@wwc7134 no, single buy one hdb and continue staying with parents or siblings. married couple divorce then apply one hdb each and continue staying together in one HDB
@@yipkf18 Start a company and create employment for Singaporeans, I am doing this now. Invest in the future generation of this country if you have the means and the ability.
Agree with you. I know people who buy in JB but say value going up but never say RM going down. Our only overseas property is because my wife is foreigner but we both agree that we need to bring that money to safer market / home market (SG)
it's simple, if many local banks dont even support financing to manchester, why still so bullish go and buy? lol ask around and check with bankers from different banks, I'm sure they can tell a thing or two with regards to investing in manchester
Excerpt from The Guardian , 5th August 2022. UK house prices fall for first time since June 2021, says Halifax -------------------- Market cools in July as lender warns of impact of higher interest rates and cost of living crisis UK house prices fell in July for the first time in more than a year, as the country’s largest lender warned of the impact of higher interest rates and the broader cost of living crisis. The average price of a home was £293,221 in July, down 0.1% month on month, the first decrease since June last year, according to the latest report from Halifax. The decrease pushed the annual rate of growth from 12.5% to 11.8%, although the average house price still remains more than £30,000 higher than at the same time last year.”
@@savvyericchiew can’t engage u 1-1 now as I am busy with my 2 year old startup and if I buy Sg property, ABSD will be north of 17% … didn’t even want to know what it is. Perhaps in the future as I like your approach.
Seriously dislike Iquadrant. Find their sales pitch very distasteful. But they are not the only ones doing that kind of sales pitch, Many Hong Kongers (especially those who have migrated to UK) do have a such sales pitches. UK property prices are coming down. If you want to earn money as a consultant, must be more ethical. Customer and consultant Huat together....thats the way. Over leveraging is really digging your own grave.
Did you realize that Pete intentionally did not address the new build Versus existing resale flat prices and on exit concern? Pete only talk about some technicalities on numbers and Eric's numbers is not far off. The key question is new build like Elizabeth Tower 2bdr is going for around 400k at 490 GBP per sq ft while existing resale units 2bdr going to around 250k at 300 GBP per sq ft? you are paying a 50% plus premium to uk developers who can't sell their new build flats. If the uk developers can sell to their locals, why would they engage a SG company thousand of miles away and pay hefty comms to off load their supply? yes they may sold out, but sold out to the rich and ah hai investors.
![[UNCUT] The Loyal Pin ปิ่นภักดิ์ EP.15 (1/4)](http://i.ytimg.com/vi/TLBjiHvkKtE/mqdefault.jpg)
Don't understand why some humans can sleep well at night after pushing people into a hole, just to fill up their own pocket 🥺
I don’t mind if the product is good.
But this is ….. 😫
Money talks bro
@@janis1954 They said 3%. However, there are cases which I heard that if you commit to sell xxx number of units in xxx time frame, you will get much much higher
As a Property agent for 15yrs and transacting close to 900 transactions, I have met many many people and it is true that I hear more regrets from people buying overseas than people buying Singapore properties. I myself made a 5 figure lost in overseas properties and also lost in exchange but my properties in Singapore made 7 figures gain even with the home that I bought for own stay. So one don’t need to buy and rent out, you can also buy and stay and let the home appreciate so you can get a handsome some of money to retire.
If really FOMO, you must well put the money in REITS fund. Good yield and also can sell anytime. Some REITs gives as much as 6% to 7% yield.
@@janis1954 Likely hood they are selling you their own unit / investment which has been hard to sell since Covid lor
The only Property master I believe. what he says is really making a lot sense
You are too kind! Property master sounds like Feng Shui master 🤣
thanks for your humorous yet truthful talk...am impressed, you are a true expert and RESPECT for your sincerely...so fortunate to know you
Thanks Lynn! Happy to know you here as well! 👍
Im being mentioned hehe. Buy branded SG reits if u already owned local properties. :)
Hope you don’t mind 😉
Your views are great and I like it! 😊
Eric, I really appreciate you sharing your insights and knowledge. Good analysis.
Thank you very much! 🙏🏼
My opinion on interest only loan being promoted.
Interest only loan does come with debt risks. In this scenario, you are not paying down the principal so you are not reducing debt risks over the long term. What this means if the property market do crash, the bank who is using the property as a collateral for your loan will come after you. Holding a loan for three years and holding it for twenty is quite different and any top up or foreclosure by the bank will wipe out all passive income earnings. The chances of a property crisis in a 20 year period is certainly higher than a three year period so prudent property investment should include some degree of principal pay down so that debt risk is progressively lowered as you hold longer for rental income.
Well said again!
The banks may do a Margin Call when it tanks 😭
My colleague told me her relative bought a UK property. The tenant stays there for the past two years during covid but not paying her rents. She bo bian cos of the lockdown etc. Now her tenant refused to move out and she still didn't get a single cent. Stupid to buy overseas properties! Buy local properties better. If my tenants dare to owe my rent, within 7 days I go down, change lock la! anytime can杀下去找他们算账！suka suka can go down to swim, play tennis, go gym, chill at the deck chairs etc.🤣😂🤣
Oh no! That’s sad 😢
As least it’s so much easier to handle tenant issues locally
Once tenant knows this unit belong to foreign LL, they anyhow chut pattern liao. Hope they able to chase the tenant out. Also, angmor countries their TA usually favours tenant…..eviction can be a costly and time consuming process. 😒
@@JRambonian Wah!给你讲中了！She took no pay leave a few months ago to fly to UK to settle this. Tenant very racist! Scolds her china money! F off to your china! the Ang mo very aggressive! As long as see you with black hair and Chinese features, will conclude that you are from China. She has decided to sell the condo. But 亏大了！exchange rates she sure rugi, then no interest for the past few years plus, 白忙一场。。。😱😱😱last time got one agent kept asking me to invest in Japan properties. No way. I only buy local properties. So much easier to manage and huat if u choose the right ones!💰😛😎
Tell iQ that. They will say they have agent to handle for you 🤣
Thanks Eric for the very clear video to help those people who may be considering to invest in oversea properties to understand their risks. In case really got such people… 👍🏻
Thanks for watching Aaron! This is to create awareness, if anyone still buy after this then I will wish them the best 😉
I posted a comment on "the other channel" and it got deleted. The creator claimed they didn't delete it and perhaps TH-cam did. Anyway, I will post a version of it here (I did not save the original but guarantee that there is zero profanity, racial sensitivities or any TH-cam policy violations) and hope that Eric or TH-cam don't delete it.
In that content, there was a portion that invokes the fame power of Warrent Buffet using JPY to buy Japanese Assets which I felt was very misleading. This example was cited to assert that if you borrow in GBP and repay the interest only loan in GBP, there is no Forex risks. First, invoking the Oracle of Omaha is already flawed as that example was that it wasn't Warren Buffet the individual but Berkshire Hathaway the public listed company that got that loan in JPY and bought those assets. You cannot compare a corporate access to credit with an individual. Its completely different as Berkshire is listed, has assets and even have Moody's ratings, so their costs of capital and ability to borrow from Japanese Institutions is very different from an individual with some savings in Singapore, a salary reference from his employment and perhaps some Singapore property asset such as the HDB which the person is living in.
Second, it simply leveraging even if you have negated the effects of Forex risks ! Leveraging simply means being in debt hoping that the interest of the debt is 100% be paid by the earnings from rental. Here simple rental yield projections are used and there is no mention of "other risks" such as possible inability to rent out, non rental period between tenancy contracts and worst, the kind of maintenance costs you need to sink in to prep for the next tenant if you do get a tenant from hell.
I have nothing against property investments as a wealth growth strategy but promoting such get rich quick scheme is quite irresponsible or to use their terminology, s c a r y.
Remember, if you want to use lots of leverage to get passive income, caveat emptor ! My advise then is to borrow so much that if you sneeze, the bank and its bankers will rush to give you a tissue box. If you are just an individual who borrowed just the amount for the down payment, I guarantee the bank will come after you with an army of corporate legal hawks if you are behind in servicing the loan for a few months. (Except HDB Loan to be clear)
Some of my comments are still in that channel and the link is referenced here. And yes, the first comment posted in Eric's video is yours truly.
th-cam.com/video/PDfvxOiZg3s/w-d-xo.html
Well said! Don’t worry I only delete bots. They have the habit to delete sadly 👎
@@savvyericchiew and also the habit to deny their deletes hahahaa!
@@aly5130 😂🤣
Eric thanks for the excellent review again!! Shawn reveals that he bought mostly or all flats in UK, I began to wonder if he is an expert in this area. Savvy property investors in UK mainly focus on landed houses as they have demand and the supply of houses are limited. In addition, the Elizabeth tower flat which Shawn purchased is at a new build which is price at 30-50% premium as compared to resale units... Exiting is going to be a long shot which collecting little cashflow. It is like paying for $4k psf for new launch condo in sg when surrounding resale condo is doing $2.5k psf, good luck on the exit. The projections that he gave is just on paper and Eric is right it is all about exit. 3-5 years time horizon is a gauge whether you have bought a good property, you can still hold on to the property longer if you want. However, if you bought a bad property..of course you can only be looking at 20-30years horizon. Could it be that they are promoting these high price shiny looking flats instead of houses to their students is because they can get fat referral commissions from developers who can’t sell their flats?
Good luck to those who listen and bought. Hopefully they can get back their Downpayment. 😢
Yeah, I do agree with the view that the Manchester new builds seem to be priced very aggressively. Of course, we cannot predict whether the prices will rise in the future. All the best to those who invested.
@@guitarsingaporeRapture let’s all wish them the best! 😉
Buy SG property can liao la.. buy UK one for what. Cannot see and cannot touch (unless you travel all the way to UK)
Go there holiday can la. Do 💩 work boring 🤣
Sometimes i calculate back and wonder why I didnt just put the money on local reits which gives me tax free 5% ret
Exactly! 👍
very good video. unfortunately, lots of gullible ppls out there.
Really looking forward to "them" scamming one another in the yrs to come.
Just be good boy and girl, invest in SG will be fine 👍
The real property guru
Thank you for your kind words! 😍
Wa very sincere video ......... out from a compassionate heart
Thanks for your kinds words! Let’s wish them all the best too! 🥳
Thanks Eric for these points, fully agree with your argument. This I Quadrum group is really a group of scammer. you even need to pay to have them pick UK house. Literally, you need to pay to get scammed. So they can earn membership fee, coaching fee, commission if the member bought the house. Members might lost in UK property, I Quadrum always win in fee and commission.
Wahaha I know who you are referring to 🤣 I feel sad for those who trusted them and invested… 😩
Jus pure bs and retarded bunch of ppl there
Excellent. Your logic and line of argument is very persuasive, I agree. I have personally been to Manchester to walk the ground and check out some of these new-builds. My decision was not to invest. Disclaimer - we are invested in London.
Thanks for sharing your experience on the ground! 👍
@@savvyericchiew I don’t wish to take sides in your ongoing “debate” with another TH-camr but I thought it would be useful to ask the question on whether people who bought in Manchester have gone through a sales process and successfully sold their flat, be it for profit or loss.
The sales process in the UK cannot be underestimated. Very difficult. I can speak from experience having gone through it. (London only)
This is my last video already. They said they know someone who sold and made but not themselves as they think the rental income is good. Anyway I wish them all the best in their investments 😎
@@savvyericchiew I have no doubt they can sell. It is just how much and how troublesome the process is and how long it takes. Not like SG where property can flip like prata.
Should not be a problem for them since they like to travel business class to and fro 😂
Well said. 100% agree.
Great man! Thank you! I agree too! 👍
I really enjoy your videos. Good to be upfront
🙏🏼🙏🏼
I like all your videos and watch all the ads
Thank you so so much! 🙏🏼
love Eric Chiew Huat Kueh for his very honest review.. there are so many better ways to make money why die die wanna buy an overseas property to lose money hahaha
Thank you so much for watching! Ya man there’s lots of opportunities in Singapore 🇸🇬
Share here in case my comments get deleted in I Quadrant channel . FX risk is NOT 20% of overseas property price. 80% is loan in pounds, when converted back to SGD, you will incur FX risk too. FX risk is 100% for overseas properties.
Lol totally correct! You are smarter and more experienced than them! 👍👍
I already own 2 properties in Malaysia, very hard to monitor and not appreciating, worst thing is that they are new launches some more. Don't understand why still have brokers trying to sell . Please don't waste money to invest somewhere outside than Singapore. Life is short, nobody know when I will die, maybe tomorrow. At least in Singapore my wife and kids still able to manage these assets.
We all make mistakes, my Malaysia property went south too! Plus the currency Ringgit now is 3.23 to SGD. 😭
Same situation with my overseas properties. Want to get rid of them but so difficult to sell without a loss 😓
@@sgppl4450 I just sold mine at RM100k lost after 8 years. It’s the weirdest happiness and relief 😮💨
@@savvyericchiew goes to show money is not everything … mental health has a cost too !
@@rl7449 mental health most important! Money can’t solve everything
Eric number ONE! :)
Wahaha 🙏🏼
Many Singaporeans made money in Vietnam and China properties, much higher return than in Singapore
That’s great! 🥳
Hahaha 400k cash, maybe put downpayment on $1.6 million AMO residences 2-bedder also better than 3 properties in the UK
Exactly! 400k can buy a lot of things man! Sure will not spend it on overseas prop.
And don't have to fly more than 13 hours per way 🤣
True. $400k is life savings. Why put it in such risky investments
@@savvyericchiew how can 400k buy a lot of things here in singapore?
@@TheBebemom 400k alone can buy $1.4mil worth of property. Which can be a 3br near mall and mrt.
If one got at least 250k cpf, with 400k cash can buy $2.275mil! 🤩
With the pound falling to new lows. Can you make another follow up video on this? Would have so much laughs
They will say this is the best time to BUY MORE! 🤣
No wonder they say sg’s $$$ so easy to make..Liao lah..now uk also know sg always chiong for ptys..always got that “no fish got prawns also good” attitude of buying
Local properties still can make use of cpf to invest.. Maybe some Singaporeans too rich dunno where to park their monies.
Rich and not educated 😆
Eric, just a few years ago they were preaching to their ah hai students to buy SG industrial properties and exit around 3 years after learning from marko? The returns they got from exiting their industrial properties is nothing exceptional, if not for the covid induce spike in property prices. Any landed or shophouse owners during the same period would have made such returns or even more without going for their “expert” advice. It seems they do not have any focus as I recall they switch from preaching SG industrial to SG residential to now pretending to be expert to sell UK new build flats property to their ah hai students.
Wish them well on whatever they do ba 😉
Than invest in vision exchange? 😂
It’s not that we don’t have a focus. Property investment is our focus. The reality is we made money in SG Resi, SG industrial and now in UK. And we cover all of them. The only asset class we are not confident in is Singapore Commercial offices. That’s why we don’t teach that. This one need Eric to teach.
@@shawnlee8005 Vision Exchange is another example of event risks … who would have known then that Najib will lose and Mahathir made that historical comeback and killed the High Speed Rail Project ? Had Najib stayed in power, Eric will be a giant double stack Huat Kueh in Vision Exchange ! Now it’s a pancake 🥞!
@@rl7449 my opinion is that even if that doesn’t happen, vision exchange will not make money as well. At least in the short to mid term, everything goes in the long term. I had advised against vision exchange even before the event risk happened. That’s why none of my thousands of community members ever bought into that given how easy it was to purchase it since it’s a new launch.
@@shawnlee8005 Precisely , it’s YOUR opinion but other people’s money.
The UK developers release property in SG and HK at higher prices than than the price for the same property sold to UK buyers.
I didn’t do that part of research. Lazy 😆
If the IQ guy is reading this comment, I would like to hear his thoughts on his refute on 1) interest only loan and 2)leveraging to buy somemore properties when the original property cannot be sold.
You can try asking him in his video but he may just delete your question 😆
Anyway beautiful heart and character is more respected than just looks 😉
what does it mean by cant be sold? As it the purchase price is too high and there are no buyers?
@@carollim8667 Say you buy at 250k and now market only willing to buy at 200k, do you want to sell? Sure, you can sell at a loss but then what’s the purpose of investing then? To that IQ guy, he is super confident and sure make money. But for Eric, i have friends who went to his one on one (also very expensive la 🤣) but has made money so far.
@@carollim8667 everything can be sold, it’s always the price so when you buy high in the first place, it’s difficult to sell. There are times where there’s no buyers even if sellers sell at a loss.
@@jalanjalan7099 lol small world sia, didn’t know your friends are my 1-1 members. 🙏🏼
Excerpt from CNN on upcoming new leadership in UK
“Polls put Liz Truss, the UK's foreign minister, well out in front of former finance minister Rishi Sunak in a contest that will be decided in early September by members of the Conservative Party.
If elected, Truss faces a daunting array of problems. Millions of Britons are struggling to make ends meet as inflation hits a four-decade high, driven by soaring household energy bills that are expected to top £300 ($365) a month in January.
On Thursday, the Bank of England raised interest rates by 50 basis points to 1.75% - the biggest increase in 27 years - and said it expected the UK economy to tip into a recession by the end of the year. “
I wonder what will be the interest in UK. Singapore already sweating on the hike 😢
@@savvyericchiew I wonder if this is a perfect storm for UK properties … high interest rate plus high inflation means locals won’t be looking for property investment in the near term as disposable income is reduced and mortgage payments are up. I am also sure as in Sg banks, fixed rate loans are priced much higher as banks moderates their own exposure.
@@rl7449 😭😭😭
Eric, did u see their 2nd video on UK properties? they say buy uk properties no Fx risk. Why? cause u take loan in pound so effectively no fx risk? is like huh?!? then they say pound drop nvm, raw material will go up so means new launch will sure be higher, if like this why those buy JB properties nv laugh their way to the bank but crying now.. another way they say to hedge fx risk is that we earn in sgd so hedge the risk, huh?? so based on all these rubbish said, if got kuku attend their program means these kuku will nv be in the same waveline as you.. so dont bother saving them..
2nd point they say u need to have a uk property then can come out and say them hor.. then if like that say means for some scams online, i need to click those links get scammed then i know for sure those are truly scams?!
heard them ard but nv once click their video until this UK properties saga.. know i watch their video then know they really sibi lousy leh..
post my comments here because seems like post comment on their video will get deleted.. need space to air my thoughts
Actually no FX risk if you plan to retire and spend pounds there 😅. The moment you convert back to strong SGD, gone case.
I want to create awareness to those who haven’t bought. The risk is freaking high and I doubt they will make any profits. The chances of losing is almost 100%
Saw GPBUSD dropped -3.5% in just one day last Friday, and I immediately thought about your review on UK properties. Eric seems like your time for the last laugh has just began. 😂 their UK property haven’t hold 2 months, FX loss already wack them gao gao lolol
They are totally fine since they say there’s no FX loss 😂 Anyway I don’t like to see people lose money in their investment. Let’s wish them the best! 🥳
I heard David Beckham always come sg, stay in mbs since he is mbs ambassador,,can check w him Manchester uk housing why must target sg half a globe away, instead few famous footballers can buy whole building Liao.
Totally 💯
kudos to you!
Thanks man! 🙏🏼
Why buy overseas properties when Singapore properties are so huat… buy a good new launch close eyes 5y later flip is a better alternative.
Totally man! 💯
ABSD in SG very expensive.
Yes it is! But there are still lots of rooms to build your portfolio 😉
@@guitarsingaporeRapture some buyers who paid ABSD for new launch condos in 2018 still make money with ABSD and other miscellaneous fees accounted for.. not an issue if u select the right one.
@@prophunter8865 ABSD is now 17% for 2nd property. So pls don't pay ABSD. It's too much.Before 6 Jul 2018, it was 7% only for 2nd property. 7% can still swallow, but not 12, and now 17%. If one had paid ABSD before 6 Jul 2018, then yep, still make. The COVID-19 induced runup of prices is scary. Today is a different story - 2000psf+ for OCR property! I rest my case. (I'm assuming one isn't a giant giant huat kueh la. I mean, if you're James Dyson, what is ABSD 🤣🤣
Update: As of today 26 sept 22, 1 Pounds is 1.54 sgd 😢
Let’s go UK 🇬🇧 to shop and holiday! 🥳🥳
where is the link to your seminar please?
bit.ly/savvyrich3
Cant agree more. Even Malaysia properties can see and feel also nobody make money
Exactly!! Hope more ppl are educated by not investing things that they don’t know. I heard those who bought never even been there! 🤯
Got inheritance tax in the UK too
😢😢
GBP pounded to 1.55 SGD and if MAS tighten to fight the rise of the USD , it will get pounded further … no wonder those uK property investment ads have Vaporised !
They will argue that it’s the best time to buy and profit when pounds goes back to 3 😆
@@savvyericchiew 🤣
@@MrDexterchua88 🤣
I archived these Eric n i quadrant uk’s video..capsules it..4 years later will repost this and compare with then the market ..hope both Eric n I quadrant see Still around to witness who is right who is Huat kueh makers or caitow kueh makers
#iquadrant
It will be on my TH-cam forever 🤣
What are you thoughts about Marco and friends
They are my students too 😅 then they started their own program
Now Iquadrant selling some Bali villa…surely developer give very high commission to them. Poor buyers believe they will make money when it’s only leased to them 😢
Anyone can sell anything. Buyer must do their own due diligence 👍
They sell with high numbers and story telling Wah lao I see many older folks on their 50s n 60s as their students now
I like the 7:55 that old filter lol
I wonder how the Manila props doing!
I know they did Malaysia property, you mean they sell Manila too? 😱
@@savvyericchiew aiyo manila u forget meh... thats when u went solo bro
@@decipherlab lol now I know why after I stare at your profile pic. I really don’t know what happen to them sia. Wish them well too 👍
Hi Eric. Overseas definitely cannot buy. Local property kenna ABSD. Then buy what? Lol
Dual key if single. Buy 2 if married
@@wwc7134 no, single buy one hdb and continue staying with parents or siblings.
married couple divorce then apply one hdb each and continue staying together in one HDB
Already got 2 properties. Married
I have the next video talking about this! What to buy if you already have 2 properties 👍
@@yipkf18 Start a company and create employment for Singaporeans, I am doing this now. Invest in the future generation of this country if you have the means and the ability.
😂 Eric , iQ people says you charge 20x more than them for consultancy ! What do I know? I have attended neither !
Lol even if you pay me 50x, I can’t help you if you have UK properties 🤣😂
@@savvyericchiew 🤣
@@MrDexterchua88 🤣🤣
@@savvyericchiew Sorry, I have a very bad hip issue so long flight is out for me...Good day! 😁
Agree with you. I know people who buy in JB but say value going up but never say RM going down. Our only overseas property is because my wife is foreigner but we both agree that we need to bring that money to safer market / home market (SG)
Plus right now SG currency strong so should put money here than overseas 👍
it's simple, if many local banks dont even support financing to manchester, why still so bullish go and buy? lol
ask around and check with bankers from different banks, I'm sure they can tell a thing or two with regards to investing in manchester
Very good point there! Using bank as a benchmark to see whether the property is worth financing! 👍👍
Cannot be worse than is those who bought Iskandar property...
🥴😭
At least in ringgit & v near us. Both r unwise investments to me..both have v volatile government..
@@rach1619 Same thoughts! 👍🏼
recently got proptiply ads appear in your youtube videos for me. can review? haha
They are doing Co-living and industrial property
Excerpt from The Guardian , 5th August 2022.
UK house prices fall for first time since June 2021, says Halifax
--------------------
Market cools in July as lender warns of impact of higher interest rates and cost of living crisis
UK house prices fell in July for the first time in more than a year, as the country’s largest lender warned of the impact of higher interest rates and the broader cost of living crisis.
The average price of a home was £293,221 in July, down 0.1% month on month, the first decrease since June last year, according to the latest report from Halifax.
The decrease pushed the annual rate of growth from 12.5% to 11.8%, although the average house price still remains more than £30,000 higher than at the same time last year.”
“It’s houses that fell not our premium city centre flats” possible argument by IQ 😅😂🤣
@@savvyericchiew I see , guess I Sinkapor Lang, anglish not so good leh 😝
@@rl7449 your England super powerful leh, IQ don’t understand 🤣
@@savvyericchiew can’t engage u 1-1 now as I am busy with my 2 year old startup and if I buy Sg property, ABSD will be north of 17% … didn’t even want to know what it is. Perhaps in the future as I like your approach.
@@rl7449 don’t worry about it. Can’t buy 2 anyway since got absd. Just max it up with 1 Resi each for husband and wife will do 😉
Just trust shifu Eric
Just trust me for my taste of properties will do! 😎
@@savvyericchiew I have no doubt on this 😃
@@attitude111111111111 thank you for your kind words again! 😍
4:00 It was at this moment that he knew…
🫠🫠
Manchester UNITED!
Maguire!! 😆
Seriously dislike Iquadrant. Find their sales pitch very distasteful. But they are not the only ones doing that kind of sales pitch, Many Hong Kongers (especially those who have migrated to UK) do have a such sales pitches. UK property prices are coming down. If you want to earn money as a consultant, must be more ethical. Customer and consultant Huat together....thats the way. Over leveraging is really digging your own grave.
💯
Now UK Economy crisis, you never make another video to slam them more.....!!!
They will say this is the best time to buy more! 🤣
@@savvyericchiew It's proven that your FX risk prediction is really happen.
@@boonliangkhoo1750 sadly I heard more people buying into UK apartments 😭
What about phnom Penh? There is this agent keep push me to get those...
Plssssss don’t 😢
Ignore the agent
Don’t even think… jus focus on Singapore properties….
Totally agree
Pete’s response:
th-cam.com/video/CbSGaD7bbsc/w-d-xo.html
Let’s wish them well for their UK props since they all bought the same 😅
Did you realize that Pete intentionally did not address the new build Versus existing resale flat prices and on exit concern? Pete only talk about some technicalities on numbers and Eric's numbers is not far off. The key question is new build like Elizabeth Tower 2bdr is going for around 400k at 490 GBP per sq ft while existing resale units 2bdr going to around 250k at 300 GBP per sq ft? you are paying a 50% plus premium to uk developers who can't sell their new build flats. If the uk developers can sell to their locals, why would they engage a SG company thousand of miles away and pay hefty comms to off load their supply? yes they may sold out, but sold out to the rich and ah hai investors.
@@jameslee-nf8rr he bought many too, if I were him, I will justify as much as I can since he believed in the investment. Let’s hope he made money 😉
Really cool video!!
thank you so much~
@Eric Chiew
GREAT VIDEO! 😲
🙏🏼🙏🏼
@@savvyericchiew 😌😌