DiscoverNOTG - Nuggets on the Go by PropertyLimBrothers#87: Risks of Co-owning With Friends, Rising Property Prices & HDB vs Condo for Singles
#87: Risks of Co-owning With Friends, Rising Property Prices & HDB vs Condo for Singles

#87: Risks of Co-owning With Friends, Rising Property Prices & HDB vs Condo for Singles

Update: 2024-10-18
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This week on NOTG, Melvin Lim, Jun Wei, and Alexa from PropertyLimBrothers take a closer look at two single personas—Ryan and Laura—who are at different stages in life but share the same journey of finding the perfect home.


 


Are you like Ryan, 28, seeking your own personal space in a modern community with strong investment potential? In his spring season, learn why Jun Wei suggests looking at private properties in the OCR, specifically Punggol East! Or are you more like Laura, 37, torn between HDB and private property? Looking for a home to stay in and for potential investment during her summer season, and with the price disparity, which is the better investment choice—HDB or condo?


 


The team also talks about considerations when buying with a friend, how priorities shift with different life stages, and the financial aspects of making a property decision that aligns with both personal and investment goals.


 


And if this episode got you thinking about your own property journey, don’t miss the chance to gain even more insights at Property Summit 2024! Join us on 26-27 October for a 2-day masterclass packed with expert knowledge on market trends, investment strategies, and all the tools you need to build a winning property portfolio. Just starting out or looking to grow your investments, this is the event to be at!


 


Sign up here: https://assembly.sg/property-summit-2024/


 


Timestamps:

00:00 Intro

00:54 Melvin’s experiences with co-owning a home

03:43 Ryan and Laura introduction

03:48 Melvin encourages buyers to own a home under their own name

04:07 Discussing Ryan’s profile

04:44 Jun Wei’s thoughts on co-owning

07:57 Jun Wei’s ideal co-owning plan

12:16 Alexa’s thoughts on co-owning

13:12 Bidadari Flats resale prices

14:09 Downsides of co-owning (one co-owner with CPF, and another without CPF)

18:12 Discussing Laura’s profile

18:30 Tips and recommendations for Laura

20:21 Laura’s potential buying plan and home options

26:41 Promoting PLB Property Summit 2024

27:41 Symphony Suites 3-bedder listing and buying plan

31:20 Symphony Suites 4-bedder layout

33:04 HDB options for Laura and buying plan

35:58 HDB vs Condo

38:45 Number of Million Dollar HDB Resale transactions

39:40 Sengkang HDBs increasing in demand

41:55 First million-dollar resale flat in Bedok

44:08 Laura’s potential buying plan (continue)

47:18 Ryan’s potential buying plan and home options

51:29 Parc Rosewood 2-bedder listing and layout

53:36 Norwood Grand unit pricing

54:48 Ryan’s potential buying plan (continue)

57:43 Alexa’s property journey and tips

01:09:52 Promoting PLB Property Summit 2024

01:11:28 Closing thoughts

01:11:58 Outtakes

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#87: Risks of Co-owning With Friends, Rising Property Prices & HDB vs Condo for Singles

#87: Risks of Co-owning With Friends, Rising Property Prices & HDB vs Condo for Singles

Melvin Lim