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Noted!

I hear you, and that is exactly why not all units are able to be remod into a dual key apartment and Seng Wee has spent years to study the floor plans for many developments to compile a list of possible remod units. With regards to your first feedback, in some developers’ built dual key studio, the kitchenette is as small as a small sink with single hob induction size. For personal experience, Seng Wee has done up before studio with kitchenette and Murphy bed design in a 280sqft unit. On the 2nd point, ideally, we will want to have easy access to the bathroom for everyone living in the unit and the study of the structural wall is important to give the flexibility to create entrances. (We didn’t go into details on that here) As you correctly mention, overall remodelling dual key, it is crucial to make the eventual layout as livable as possible. If not, Coliving model could be explored too however it might not be feasible if you are intending to live in the unit as privacy would be compromised. It is the former that we are more focused on. Hope the above clarifies. We know audiences today are smart 👍

Sometimes reason for apparently not commanding a premium is also because the seller wants to exit more easily. They’ve earned plenty likely from the rental already and thus not so ‘intent’ on highest capital gains. So it really depends. We have also exited at high capital gains for dual key units (especially remodeled ones), just have to be patient for the right buyer.

we had a dual key unit that was bringing a high amount of cashflow. It ended up selling at a record price for the development. Harder in the sense if you sell to pure ownstay buyers. But if sold to the right buyer who wants a DK, it can fetch great value. And in the meantime while waiting for that buyer, enjoy the income it gives you!

Oh thanks!

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Even so..don’t forget bank loan criteria a key factor too..wait till good time to enter,,may be old n not qualified to get bank loan..healthy property invest period is age 30-45, that’s provided salary increase uptrend, no way can time market since the bank tdsr n loan age in play..and future unknown cooling measures that deprive u to qualify buying a house when the real good market to enter..we don’t have extra years to time the Pty market based on every 5 or 10 years cycle..if u 40 now next good cycle could be 10 years later when u 50..ask your self how to enter with a first bank loan of 15 years, your salary better be 20k and above, even then what’s the point n objective??anuther 25 Xmas will pass away

@@chinchowpowpook erm, take it easy

Yes correct. Hard to wait for good time to enter as age and prices catches up. Not to mention lifestyle needs. So it really depends. Real estate cycles can be really long also! Good thing is that in Singapore we are stable and I believe govt has our back :)

1) yes not 100% sure as they could have submitted their development applications earlier. 2) subjective. I mentally placed it more ‘central’ based on position in the Singapore map, no regions mentioned

@@jimtaysg 1) don't think it's difficult to check. It's not even a gls. 2) u compare with Emerald and said it's more centrally located. It's fine.

1) yup sure. Anyway it is highly anticipated whether or not harmonised 2) ok. I’m neutral on either. Have a good Sunday :)

Totally agree - the 2% selling fee has been tolerated for far too long, for essentially administrative steps that do not justify such fees. And don’t get me started on private housing (I equally hope that the middlemen get cut out there too), the amount of pressure sales tactics in a showflat, and the eagerness by lazy agents to push new launches to customers 🤮 A great move by the government and I’m hoping for more similar changes to come

That’s a very strong comment. I’m sure many will DIY, just want to share a perspective that cases are not always so straightforward. DIY is not new anyway. But just like travel agencies, good professionals would still thrive. The bengs like you said, maybe not so.

Also possible. Which project?

The Florida d19

@@bobochacha yes, popular condo with many transactions. Definitely can dig good deals with right strategy and negotiation. You can contact me at 8333-7213 if you want help.

MrBluehorizonsugar Florida 99 years. I don't like the location. Also, too big a development

And also the size that is easiest to rent out

Your question isn’t straightforward to answer as there are multiple factors involved. Drop me a message 83337213 and we can chat further there ..

Thank you! Cheers! Catch up sometime :)

and not everybody can afford CCR :(

most welcome. you are welcome to sign up for the upcoming seminar via the link.

Irwell still ok. Rivière maybe not so 😅

Really? Haven’t been following. Focused on my main real estate business 😂

hahaha.. fair enough, i think it is possible to have that view too. Although for this case, I don't think so. Why do you say that? happy to discuss.

@@jimtaysg may i ask when govt tender land meant for Hotel development is it more or less expensive than residental land??? This is like a 25% "white site" -GFA harmonization at most 5% -Dont see developer have issue bidding Chuan Park en bloc close to 1billion. This land is 30% less than last GLS at nearby site and it has MRT right next to it. You like to spin it to your advantage. Dont be a hypocrite, just admit that developer is very bearish of the market.

I understand why you think commercial land is valued higher. But that’s not always the case. A lot depends on land specifications, market sentiment along with many other factors. I suggest you look at the previous GLS PSF PPR for commercial sites in relation to residential for a better comparison. I wouldn’t say it’s a blanket statement that commercial is higher… But anyway since you don’t agree with my reasons, what in your view is the reason?

@@jimtaysg haiz yooo.. Already given my reasons for not agreeing to your 3 points and you still ask again. U only look at your point of view and shut away others issit....haiz

@@cdang8742 oh sorry I didn’t click more. Missed it. Sure, I never said it’s not bearish. Just stating the points that I felt also influenced the price and it’s not a direct apple to apple comparison. My apologies if it came across as hypocritical to you.

Yes, able to buy

My personal view are pros and cons, but, certain points are for sure, 1. CDL is a more reputable developer, and 2. TOP for Lumina would be quicker. I personally represented buyers for Altura too so this was never meant to put down Altura. Thanks for your feedback anyways.

👍👍

Just replied you!

Hi! thanks for watching. Unfortunately no, as the ABSD liability is calculated based on the higher of all purchasers. Hence it will follow your husband's. Feel free to contact me directly if you want further help. +65 8333 7213 or email me@jimtay.com

yes sure, will be following up

You're very welcome, glad it was helpful!

ah sorry!

good to hear there's support!

Suggest not to invest. It’s too risky. After all our bad experience.

Thank you for your reply, may I ask what bad experience?@@SusieOng-fc7lw

have to pick the right properties and have the appropriate risk appetite...@@SusieOng-fc7lw

Not after all the bad experience and failed contractual obligations.

You're welcome!

My pleasure!

Absolutely I heard many stories people dumped their $$$ instead of investing. Personally I wouldn’t waste my money period! It’s corrupted country not under the table, on the table!

Yes, although I am still hopeful they will pay out the GRR. All owners should band together nevertheless. I wouldn't go so far to say that every investment in Cambodia is bad though, I have clients whom invested in other properties there and are doing well... but definitely have to exercise caution and not everything is gold!

How to Team Up?? Let’s take a legal route to get back our GRR!

Yes I am also an investor in Oxley the peak shoppes , promised GRR but pushed back to August this year

Hi iam an investor too. Can we have a group to share our thoughts??

Iam an investor too

Yes correct, you have to pay 5% ABSD. If you want you also can WhatsApp me 83337213. Thank you for your support!

Thanks and Amen

hahaha... yes!

Most welcome! Thanks for watching. Unfortunately ABSD remission is only possible for married couples buying their first property. Thus it will not be possible to avoid the absd (5% for PRs) unless you sell the first property and buy again. If you decide to do that, it is possible to own 2 properties without paying any ABSD. Hope this answers! If you like to work with me directly on this do get in touch at 8333-7213. Cheers.

Hi are you based in Singapore? You can text me at +65 8333 7213. Thank you.