No ads, no fancy investment courses... If you've found value from the sharing and would like to give your support, purchase the SUPER THANKS stickers today. It is the purest form of contribution. Thank you for the support =)
Properties tend to have highest probability of losses when the purchase price is too high which is observed from the current new launches like Blossoms By The Park, Tembusu Grand and Botony@Dairy Farm all of which are 99 years leasehold condo transacting at their respective estates record PSF. When prices have peaked and FOMO dried up, that's when losses accumulate.
I think you've hit the nail on the head. If buyers today are snapping up new launches at $2600psf, what are they expecting as their exit strategy? Do they think the prices can hit $3500psf in 10yrs (roughly 3% CAGR) ? To me, highly doubtful if interest rates remain moderate/high and there's an economic downturn in between.
Bet to differ..depends on what u buying..which level ,etc..price difference can be 150k comparing level 8 and level 35..as investors u buy lower floor..
Josh maybe you should consider doing property consulting . I find your research very balanced and well thought and there might be demand for new homebuyers to have unbiased analysis for their property decisions
Thank you for the high praise. Stakedhomes are doing a fantastic job on it. I research for my own learning and to have knowledge on property to holistically factor into my core work which is in retirement planning =)
Marina Bay area is like a dead town on weekends.. while Paya Lebar is bustling with activities day in day out. Perhaps that’s why Parc Esta is doing well while Marina One Residence is not as well.
Not doing well in appreciation or rental ? Lower floor or high floor? Buyer and investor, same but different when choosing units..ccr short term not easy cash out..but high rental yields
Hi Kiwi, seen you on FB. I've only bought a HDB and a condo so far and they are both near parents. Second one being near pri school and when moved there the first was rented out until very recently sold. The focus has been happy as a home first and comfortable on budget next. Cya around
anyone thinks Singapore real estate prices can never come down are delusional and deceptive. My 5rm HDB was sold at 500k in 2000 after 5y mop i bot at 300k in 2005, it further drop to 270k in 2008 it went up to $700k in 2013 than came down to 500k in 2018 and now sits at 800k
Good insight, thanks. To see the condos' buyers profile by residential status and by purchaser address -- is it a free public website? Possible to share the link?
Like every investment, shares ( for example if u invested in Japan for the past 20 yrs) & properties there are bound to be some who lost but from a long term perspective most will gain.
Fully agree. Most long term stock investors also do well. But in stocks, because cycle for price movement is so much faster, there’s way more opportunities to speculate and in the end most lose there
@@joshconsultancy My sister in law bought bto in bukit batok 5y ago for 300k+, now she can sell for 600k+. My own resale hdb bought in bt panjang was bought at 4xxk 5y ago, the market value is 6xxk now.
I think 1 of the 'cons' of Sky Habitat is the floor plans. Unfortunately, Moshie Safdie's vision doesn't seem to be appreciated by prospective buyers 😅 There's a higher % of balcony space, so the internal space is much less than specified.
As in what topic of hdb resale value? Have you seen my previous sharing I SOLD MY HDB FLAT ... Bearish On Singapore Properties But Why? th-cam.com/video/L7GYBqnZfoM/w-d-xo.html
@@Farmersyoungseniors Curious, if research can be done, what are the chances that I didnt realise they were 99y. Title is correct. See the story flow to 6m50
It's all about entry price. No matter how "good" your condo is.. if you entered at too high a psf you're gone case. And I'm not sure that it's because Singaporeans don't find CCR attractive, but it's more of an affordability issue. The older FH CCR condos have bigger units that the avg Singaporeans cannot afford. Look at Newton, it's centrally located, close to malls, close to good schools aplenty. How would Newton's FH condo psf lose out to somewhere like AMK or Lentor where it's 99LH? It just doesn't make sense.
Agreed, is all about local’s affordability..most able to buy 1.6-2mil, only few can do above 2 mil mark..so be very careful to enter high Quantum or big floor space condo. For investor they only care more bedrooms n toilets and Match their budget..a 3 bedder can be small 890 sqft at 1.7mil still can rent out 5.5k ,older unit 1300 sqft mostly 2.4mil..rental price still same,hence super low rental yield ..harder to sell too, only appeal to family not investor
No ads, no fancy investment courses... If you've found value from the sharing and would like to give your support, purchase the SUPER THANKS stickers today.
It is the purest form of contribution. Thank you for the support =)
Properties tend to have highest probability of losses when the purchase price is too high which is observed from the current new launches like Blossoms By The Park, Tembusu Grand and Botony@Dairy Farm all of which are 99 years leasehold condo transacting at their respective estates record PSF. When prices have peaked and FOMO dried up, that's when losses accumulate.
I share similar concerns
I think you've hit the nail on the head. If buyers today are snapping up new launches at $2600psf, what are they expecting as their exit strategy? Do they think the prices can hit $3500psf in 10yrs (roughly 3% CAGR) ? To me, highly doubtful if interest rates remain moderate/high and there's an economic downturn in between.
Bet to differ..depends on what u buying..which level ,etc..price difference can be 150k comparing level 8 and level 35..as investors u buy lower floor..
seafront alot of erosion cause by the salt water content wind. cost of living more expensive also in CCR. RCR OCR more livable for non elites locals.
Josh maybe you should consider doing property consulting . I find your research very balanced and well thought and there might be demand for new homebuyers to have unbiased analysis for their property decisions
Thank you for the high praise. Stakedhomes are doing a fantastic job on it.
I research for my own learning and to have knowledge on property to holistically factor into my core work which is in retirement planning =)
Great insights! Thank you for sharing
Glad you enjoyed it Yaocong =)
Interesting - even pty also have over n undervalued like equity
YES!
2017 till now is 6 years, not 16
Marina Bay area is like a dead town on weekends.. while Paya Lebar is bustling with activities day in day out. Perhaps that’s why Parc Esta is doing well while Marina One Residence is not as well.
Not doing well in appreciation or rental ? Lower floor or high floor? Buyer and investor, same but different when choosing units..ccr short term not easy cash out..but high rental yields
These are 99 lease year projects not freehold. Please correct subject.
Curious, if research can be done, what are the chances that I didnt realise they were 99y.
Title is correct. See the story flow to 6m50
You also did a review on the Asana condo pty. Can you help us review for the Asana condominium. Thank you.
It all depends on what you are looking for. To live in is a very personal thing.
Well we will find out soon, when the psf of eunos and katong is going for 2.5k if this is the next peak cycle.
*_I am interested to know what properties you have bought for yourself and your rationale behind it._*
Hi Kiwi, seen you on FB. I've only bought a HDB and a condo so far and they are both near parents.
Second one being near pri school and when moved there the first was rented out until very recently sold.
The focus has been happy as a home first and comfortable on budget next.
Cya around
anyone thinks Singapore real estate prices can never come down are delusional and deceptive. My 5rm HDB was sold
at 500k in 2000 after 5y mop
i bot at 300k in 2005,
it further drop to 270k in 2008
it went up to $700k in 2013
than came down to 500k in 2018
and now sits at 800k
Agree
Like it when u talk about property!
Thank you for support. Stay tuned for part III =)
Sean ... hope you dont mind, can you stop putting out so many advertisements. By now, you should be very busy with many leads or it is not the case!
Sean doesnt see it unfortunately... It's likely a marketing team running the operations
Time to do a porfolia performance review next ..on youtube on your stocks, coins ,and bonds and what is the strategy this year??
Suggestion noted
Fresh insight!! Your analysis made logical sense. Didn’t realise buyers profiles statistics (% locals) is a strong factor to price appreciation. 😮
Thank you for the high praise. Share with someone who should see
Good insight, thanks. To see the condos' buyers profile by residential status and by purchaser address -- is it a free public website? Possible to share the link?
On edgeprop
Like every investment, shares ( for example if u invested in Japan for the past 20 yrs) & properties there are bound to be some who lost but from a long term perspective most will gain.
Fully agree. Most long term stock investors also do well. But in stocks, because cycle for price movement is so much faster, there’s way more opportunities to speculate and in the end most lose there
Thank you Josh for the informative video.
Is there a chance that you do a video on districts that are favoured by Singaporeans own stay?
Thanks again.
I guess the simple answer could be RCR and OCR. Thank you for the high praise
The big big losses are from big units >1200 sqft. Lesson is to buy
Many of the biggest %pa losses are from small shoebox units too
Josh, your #1 point has an error. It shows “Don’t” instead of BUY.
Thanks for sharing your findings 👍🏼🏆
Oops error in edit noted
8m10 BUY condos which are homes for HDB upgraders
Those who bought hdb flats 5 years ago will be up between $100k to $200k now, don't even need to purchase a condo to make 6 figure profits.
BTO/EC flats very likely gain at least that. What I hear on the grounds =)
@@joshconsultancy My sister in law bought bto in bukit batok 5y ago for 300k+, now she can sell for 600k+. My own resale hdb bought in bt panjang was bought at 4xxk 5y ago, the market value is 6xxk now.
Good point
I think 1 of the 'cons' of Sky Habitat is the floor plans. Unfortunately, Moshie Safdie's vision doesn't seem to be appreciated by prospective buyers 😅 There's a higher % of balcony space, so the internal space is much less than specified.
Interesting point noted =)
kevinlim7974
Because balcony is not allowable GFA
Bought in 2017 is not 16 years old
Spoke wrongly - ya 2007
Josh can u do a video on hdb resale value
As in what topic of hdb resale value? Have you seen my previous sharing
I SOLD MY HDB FLAT ... Bearish On Singapore Properties But Why? th-cam.com/video/L7GYBqnZfoM/w-d-xo.html
1:04 it's 2007, not 2017 (:
Oops spoke wrongly - ya 2007
good analysis
Thank you 🙂
99 years only
Which one you're referring to?
Reflections and Marina one are both 99 years?
@@Farmersyoungseniors Curious, if research can be done, what are the chances that I didnt realise they were 99y.
Title is correct. See the story flow to 6m50
Thanks!
Another point to consider is the condo maintenance cost, luxury developments with lush grounds are not cheap to maintain/upkeep.
Thank you for the support @eawtan 🙂
Agree with point
It's all about entry price. No matter how "good" your condo is.. if you entered at too high a psf you're gone case.
And I'm not sure that it's because Singaporeans don't find CCR attractive, but it's more of an affordability issue. The older FH CCR condos have bigger units that the avg Singaporeans cannot afford. Look at Newton, it's centrally located, close to malls, close to good schools aplenty. How would Newton's FH condo psf lose out to somewhere like AMK or Lentor where it's 99LH? It just doesn't make sense.
Maybe if this reason of "families are buying" has some truth, it could explain?
Agreed, is all about local’s affordability..most able to buy 1.6-2mil, only few can do above 2 mil mark..so be very careful to enter high Quantum or big floor space condo. For investor they only care more bedrooms n toilets and Match their budget..a 3 bedder can be small 890 sqft at 1.7mil still can rent out 5.5k ,older unit 1300 sqft mostly 2.4mil..rental price still same,hence super low rental yield ..harder to sell too, only appeal to family not investor
Very informative.Looking forwards to your views on coliving investments. Thanks
Stay tuned =)