Why you will regret buying these properties | Eric Chiew Review
ฝัง
- เผยแพร่เมื่อ 8 ก.พ. 2025
- All new launches make money?
I hope so but sadly it is not true.
In this video, I shared 5 wonderful projects
Share with me which other projects you think are bad for capital appreciation
I would love to hear from you by commenting below!
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New launch calculator bit.ly/newlaun...
🔥 Upcoming Webinar "Which upcoming new launch can profit more than 20% p/a"
🎬 Register now!
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Is Martin Modern a good or lousy buy if someone were to buy it at current resale prices?
Depends buy for investment or stay
Thanks for your reply. If it’s for own stay and sell after 10-15 years, does it still make some economic sense?
I have 2 condos bought during Covid. Right now they have appreciated by close to 50% from the price that i have bought, and increasing somemore. Very tempted to sell. But the problem is, if i sell, i cannot get that kind of margin anymore if i buy the new launches now. BTW, both are freehold. So i have no urgency to sell actually.
Congrats!! Upgrade bigger if possible to have higher appreciation 🙌🏼🙌🏼
@savvyericchiew Thanks for the suggestion Eric. Thought about this many years ago. Decided not to and started my own business. The returns are a whole lot more fulfilling than just "Upgrading". I have even found my purpose in life. Never looked back eversince.
@ business can be better than properties. Well done! 🥂🥂
@@ThePropertyBeanbusiness is u given up your time sacrificing family time personal time any once in a lifetime journey....time is a luxury,,not $$$..property lesser $ but is passive that don’t sacrifice time..calculation not always $$..when hit 60 u will know
@@chinchowpowpook I agree that doing business requires sacrifice. The key is getting your family to help you. My wife was a pillar of support in my 1st 5 yrs. Until the business hits stability with a good team to manage it, you will then have lots of time with family. Let me tell you this, the family time i have now is way better than when i was employed. Thats because im in comtrol. BTW, property investment is not passive. It requires good and timely management of the properties to get good tenants. It is a business in itself.
FH or Leasehold, ultimately everything comes to PSF as well as the location. if you can get a better location for FH for a slightly higher or same as the leasehold price. why not? everything is about value for money. we have a mindset that FH is always alot higher premium or need to hold for long term. but there are actually undervalue new launch FH that might have more potential compare to new launch leasehold..
Highly depends on project 👍
@@savvyericchiew as well as location
Not everyone buy properties to flip. Nothing wrong if there is no resale. It may not mean no one buys. It could be no one is selling.
I buy to stay and not to
Flip. So it’s ok
👏👏
u born in the right family
Born in right family nothing will be wrong
@@tskuan32 😂😂
I read that many people went to buy Meyer Blue and Continuum after Emerald of Katong successful launch. Many fall into the freehold trap.
They are born into the right family 😂
FH or Leasehold, ultimately everything comes to PSF as well as the location. if you can get a better location for FH for a slightly higher or same as the leasehold price. why not?
we have a mindset that FH is always alot higher premium or need to hold for long term. but there are actually undervalue new launch FH that might have more potential compare to new launch leasehold..
Don’t keep letting ppl know about FH lol…let them keep going for new launch LH etc
8% not bad right ?
😢😢
Eric, these profits only make sense if no need to pay ABSD, right ?
Yes. PR 5% still ok
Hi Eric, can you do property review of Cyan please
There you go! 🤢🥲😖
@ so bad ah? if buy at 2.2k psf?
@ you buy already?
@@savvyericchiew yea
@@kayleawy1850 then it’s super good! 👍 well done! 👏
The Pullman MCST fee almost 1k a month, but does not include the service apartment / housekeeping fees they marketed. Those are +++$$$$ add on to the MCST fees. This is a wannabe Leedon Residences.
🤯🤯
Is it better to buy bto in woodlands or punggol sir? Planing to upgrade condo after mop
Get the most expensive one 🙌🏼🙌🏼
Such simple but very wise words@@savvyericchiew
@@hamptydumpty6619 😆😆
Can only buy resale hdb. Should I buy expensive 5yo one in tampines north, moped in 2024?
If not then new EC, if cannot then new BTO. If not then resale HDB
@ single, above limit. Only resale hdb?
Hi Eric, what is the reason for having 3 different calculators for < $1m, $$1m-$1.5m and $1.5m to $3mil? Is it because DP are different for 3 category? Your DP formula is at 31%, 32% and 33% respectively. Thanks so much in advance
Yes DP is diff 👍👍
Hi Eric, thank you for the honest reviews! Do you recommend baking huat kueh with 2B2Br at The Antares? No tennis court 😢
No please 🤢🥴😢
Hi，can I get the formula?
In the description 🙌🏼
For HDB upgrader to afford 9M, either he inherited a bloody good inheritance or only group 1 big toto winner. But probably kenna hoodwinked by lousy agent. Lol.
😂😂
Even hoodwinked also need to have money to be hoodwinked.....😂
Hi Eric, what do you think about Parc Vera? Worth buying?
😢🤢🥴
One Meyer is one of your choice for the worst buy, so another words Meyer mansion and Meyer blue definitely not the right choice
Trust me, I stayed at Meyer Road for 18 yrs lucky to get out with 90% profit because I bought cheap during the Asian financial crisis. Unfortunately the pearl of the east has been overwhelmed by the prata influx
Your review seems to skew towards the mindset of property speculation with focus on hit and run...only sure win folks here will be agents and lawyers lol. No harm for buyers to hold properties for long if they like what they bought lah
Missing the point. I mean it’s good to hold on to a performing condo. It’s ok not to sell and speculate 👍
Is esparina a good buy? Scared cannot sell at profit after 3 to 4 years
Depends on size and entry price
Pullman has not TOP-ed yet. Is it fair to compare it with a property which has already TOP-ed?
Depends what you compare it with 😆
Hi Eric, how would nearby new Bto affect the condo price? Would that increase the condo price because in future they will be more hdb upgrades?
Depends when they MOP
@ the longer the Mop period, is it more beneficial to the condo owner or?
@@Jopm2407 nearer is better
Interesting to watch your video. Agree with some of your views. Sold all leasehold properties. Old now,left with two fully paid FH properties for own stay and passing down to next generation. Exit from pty mkt.
You are very Huat!! 🥂🥂
wondering what do u think of City square residences and poiz?
One freehold and the other leasehold. Depends on budget and entry price
@ thank u!! 👍🏻
Can share what you think of 8river suites, can buy?
Ramesh condo 🤭
Hi Eric, really love your content and it really helped me alot in my house hunt journey now. May I ask your opinion about the existing Bayshore older condos? I see the recent transactions and all seem Huat despite the old age 😂
Thank you much much! Bayshore area is prosperous 🥂
Hi, i have got a question on the calculation spreadsheet. You have only considered the down payment in your calculation. Shouldn't we also consider the monthly mortgage (principle + Interest) as well.
Yes included 👍
Hi Eric, would you mind explaining how it has been included? (i.e what bank interest rate was assumed?)
Hi eric. Any changes to your view on woodleigh residence 3M lake view lease hold condo??
Good view but price 😢
It seems like joining the herd in OCR it’s the way to go, but don’t forget time is money, getting traffic jams on the CTE, PiEc TPE etc for 45 mins to & fro shaved 1.30 hrs away from your life daily
RCR is a good choice 👍
any good property in Tampines to buy to start. 3·4 bedder
Yes there are 🙌🏼🙌🏼
What do u think about park town new launch vs resale treasure at tampines? Budget 1.5m for new launch/1.2m for resale, looking at 2bedder maybe.
Depends on price which we don’t have it yet
The more people crowd to the same camp/ boat, the better to jump to the other side. My next upgrade will be the lists of condo to avoid mentioned here
🙌🏼🙌🏼
😂😂😂
My grandma house west coast rd HDB 25k 40 years ago, sold when she pass away 450K. Is this ok?
If sold then move on to think about what you doing with it next
Hi Eric, u think low entry landed at casuarina road/ Thomson worth buying?
Yes good too! Just make sure don’t face main road
Hello!! Clavon still good buy in 2024?
Depends on size and price
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handsome this spreadsheet can share bo?
In the description 🙌🏼🙌🏼
Always easy to criticise on hindsight. Let’s see if Eok, Chuan park make $ 3 years later
🙌🏼🙌🏼
looooool if a property really fills most of my checkbox for own stay however it is known that I will not make profit, what will u do?
because my own requirements are different from major buyers.
If you are real rich, why not? 🤭🤭
@@savvyericchiew problem is that I can only buy one. How to balance 😂 must give up on one
is there a calculator for resale condos as well?
Yes maybe I can do one too!
Hard truths are not for everyone sadly
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hi eric, is avenue south good buy? why u say is termite?
Google it 😆
But before looking at the transaction data, we won't really know this one no good or not so good right?
If you do lots of research, you will know the performance in advance 💪🏼💪🏼
Research also need to know what to look at 😂. What are the factors that lead u to discover they are undervalued?
@@GrowInTheDark years of experience 💪🏼
swee Eric! thanks for the calculator!
🙌🏼🙌🏼
Learn alot from you.
Thank you
🙏🏼🙏🏼
How about coming out with a fun video to predict the best launch for 1H 2025 GLS just announced? 😄
That’s a good idea! Just note that it will take 1.5 years to launch after GLE announcement
bro how's the joobie chair??
Good but I like Vesby more
Can't find your calvin video leh
Found it here
th-cam.com/video/kEfyKeOs6y0/w-d-xo.htmlsi=dh1D_s0b0OSkwIll
Got factor in stamp duties?
Of course! 🙌🏼
Can i have ur excel formula link?
Under video description 👍👍
Why didn't deduct bank interest fr profit?
It’s included too 🙌🏼🙌🏼
Please do a chuan park after sale review please
Ok!!
Hihi
Where can I download the excel sheet?
In the video description 👍👍
Thank u
congrats in getting the "k" in your "huat kueh" back😋
I lost it after doing this video 😢
😂
Why is haus on handy so chui?
Not handy at all 😢
If u got one..stick to it..till chui further
@ 😂😂
Eric how do you derive the net total DP? u add in additional 6%/7%/8% on top of 25% DP for below $1m/1-1.5/1.5-3m buying price respectively. Appreciate your clarification thank you 🙏
Yes the difference in percentage is the stamp duty and also 3 years of progressive payment added
Is your percentage 20% cumulative yoy? Or simple division over the number of years?
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Huat ah
🥳🥳
HAHAHA U let ppl change the formula ah haahha.
I didn’t know they can do that 🤭
The K come back already 😂 or this is old video
😂😂
Hi Eric, amazing content, been binge-watch-ing all your videos. May I ask if Double Bay and d Nest are good? Looking for a 2-3br unit as my first property in the OCR region. For stay and some huat too 🫣 tysm!
There are better ones with faster appreciation on same budget
ahh okok, the hunt continuess.. looking for somewhere in the east area 😅