Upgrade From HDB To Landed Property!
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- čas přidán 3. 06. 2024
- Upgrade From HDB To Landed Property!
I will be talking about how to own a landed property in Singapore from a humble HDB flat. I know. Many of you here will be sceptical if this is possible. I will be sharing a real case scenario on how a client of mine upgraded from a humble HDB flat to a private condo and then to a comfortable landed property all within 15 years. Are you curious how they do it?
Alan Wee
CEA Reg No. R024730A
wa.me/+6592973150
www.AlanWeeProperty.com
/ @alanweeproperty
AlanWeeProperty
Disclaimer: Some information has been changed to protect the privacy of this client.
References:
www.edgeprop.sg/
tnp.straitstimes.com/news/sin...
• In full: DPM Lawrence ...
www.pmo.gov.sg/Newsroom/DPM-L...
How about landed in D21 like Eng Kong Gardens or Cheng Soon? Which part of D21 has best landed?
it all depends on yourself. some deep inside are quiet. some face PIE got road noise. some outside along jalan jurong kechil. are convenient and so on....it all boil down to the house condition and facing n $$$.
Hi Alan..i saw your video and its truely informative, thank you. 1 q, given prices have reach high ..is it still worth going for upgrading to condo from hdb? Paying 1.5k psf...i see condo earning 5-600k over in a year or two ...
Yes. the historical chart dont lie. as long there is demand prices will continue to inch upwards. with more millon dollars or $800-900k BTO MOP flats. what will they buy next? think about it? Plus cannot anyhow list for 10% or more...it only say one thing very very clearly...
Hi Alan, nice vid and it's encouraging. Need your advice. Which development/area have potential for investment (rental+capital appreciation)? 2BR, 2Bath, budget ard 1M+.
1m only can buy resale 2 bed...may not even find... V challenging.
@@alanweeproperty what abt i can go up to ard $1.5M? What u suggest? New launch? Resale?
its all depend on the projects and location. cannot like that throw blanket and say which is better....
I'm aiming for investment and can't decide on new launch or resale..
I always see a lot of properties listing for sales, while the property agent said owner pump in 200K-500K of renovations being done. Sometime I see those renovations, does not seem like need so much one leh. I wonder how those renovation price are being derived. What is your idea on this renovation idea ?
They say they own many properties not urgent to sell. You can also treat it as noise..
It's a matter of willing buyers willing sellers. You don't think its worth it. U can always walk away. But some will still buy becos they see value in them. That the game.
@@alanweeproperty gd answer. Thanks
Do not ascribe too much value to reno unless it is exactly the design you want. Asset enhancement value only applies for tear down and rebuild. everything else is just marketing.
@@hgft274 agreed. I have personally encounter owner buy an original apartment. Fix it up using average quality finishes. Find a good tenant that pay well during ssd period n flip it for a cool $XXXk profit.
All the property price here increase like nobody business. If you ride a roller coaster, you should know that what goes UP , will eventually goes DOWN. The property price here like almost Peak liao leh. Where got always goes up up up one leh. I guess I already jialat liao lar. How to upgrade to landed leh. Now shoebox condo also cost average $750k at least. Landed leasehold cheapest also must set aside close to 2M leh. I guess those property investors make the most during our parent time lar. Now the price not much meat liao lor.
What is past. we cannot look back. but delta btw HDB and condo n landed has already widened. and it will continue to widen ahead. crash? maybe 10%....the most ...but after galloping >30-40% for landed after COVID.
@@alanweeproperty Ok lar bro.. I shall not argue with your insight since you are the professional. I am just voicing out another ordinary layman view. You maybe right, I maybe wrong. But I do enjoy your videos. No worries
@@peterlim-uf8bh ya....we may be wrong. That why its good to buy to wait rather than wait to buy...as long u can afford it. don't overstretch. property is always a good bet just like blue chip stocks.
issue is money supply in the world keeps increasing. quite hard to go back to 10 years ago pricing without destroying all the money that has been printed since then
you also live in landed??
for family needs. i cant right now. but will be my dream.
@@alanweeproperty jia you......!!!!
Carry huge loans for 30 yrs. Any of them lost their job will be in big trouble. Must manage with prudence.
that is why even MAS has even advocate to be prudent in taking loans. that why LTV & TDSR are in place. taking no / little risks is also not doable esp if you are still in your productive years....
Agents will tell successful stories to promote bigger commissions but will withhold the sad ones.
numbers dont lie my friend. that why i met cases before. they can upgrade. they dont want. they still in their humble flat today. those that took the leap of faith. anytime, they can downgrade with a pot of gold....
Go and speak to people that upgrade...and you will know what i mean...
Sad cases? if u have been watching my channel. u will have hear alot....
Sell 1 hdb buy 2 landed
Income must be very good plus blessing...else few can achieve it...
But on 2nd though...achievable. Rm$2mil landed. 1 own stay. 1 let good friend stay.
How about potential for goldenhill park condo? Same cdl and near mrt 🫡
its a rare freehold ontop a hill. strategic and commanding position. chuan park launch will amplify its position yet again.