On this episode of NOTG, George, Shawn, and Jesley from PropertyLimBrothers discuss the impact of HDB upgraders on Singapore’s property market, noting the trend of increased condo ownership due to rising HDB prices and a desire for better capital appreciation. They explain how higher borrowing capacity also drives this shift. The team covers loan frameworks, MSR regulations, and property valuations, emphasising strategic property investment’s importance for capital growth. They highlight the value of property ownership in Singapore, where a buyer’s name has become a significant asset.

Additionally, they share personal regrets and lessons from their property investments, such as not holding onto properties longer or not buying larger properties when possible. They stress considering future needs and the potential benefits of stretching one’s budget for a larger property. Stay tuned for more insights on the challenges of property investment and affordability. Find out about their personal opinions about real estate investment!

Speaking of condos, have you always thought of investing in a new launch condo but find yourself hesitating, afraid of making the wrong choice, or perhaps overwhelmed by the options? Compare 80+ condos in 10 hours at PLB New Launch Convention 2024 on July 7th, 10 am - 8 pm! 1 day, 10 speaking sessions with 6 keynotes by industry experts from PropertyLimBrothers, sharing exclusive PLB frameworks for choosing the right condo!

Early bird tickets now available at $7, sign up here: bit.ly/plbnlc24

00:00 Introduction

02:03 Home ownership ratio (Global Comparison)

09:23 HDB upgraders

16:36 Loaning capability

36:47 Healthy monthly mortgage

38:36 Searching for a new launch property

44:28 Holding a property for too long

49:51 Understanding the masterplan and your time horizon

56:46 Average PSF for New Launches

01:02:22 Efficient layouts

01:07:47 Wipe out investment

01:22:00 Purchasing power of Singapore household sector

01:31:01 Buying too small

01:40:15 Buying to the maximum

01:50:20 New Launch Convention