thanks for the analysis. could look at % loss in a separate video. there's sample bias from central properties commanding greater quantums.sixth possible reason is the slight skew to leasehold
Actually, there are alot of condos that loss money from pasir panjang to river valley to spottiwood park to geylang... I only highlights those that have more unprofitable against profitable transaction. The tenure doesn't play a big part. It's more of the product itself.
Developers just want to sell out. In speculative mkt foreigners snap up luxury condos in Shenton way area, Orchard, Sentosa but these areas have no local demand for own stay so in crisis they will be hit first
With the Great Southern Water Front projects, I believed project like Reflection will surge. Dont forget, properties are dynamic, it can turn and move forward too. Maybe is good to look for good buy now.
Local buyers provide more stability as there will always be those who buy for own stay. Investors will dump units when things get scary such as a crisis or when govt introduces cooling measures
Timing also play impt n also the location n tenure,etc...but agree w you. Some will have trouble existing.. anyway some are bought by well to do foreigners so no worry....only those cash strap/ over leverage will have to pay the prices
@@alanweepropertyexplanation may not be enough for those who have no experience in pte propertu mkt in SG as they have no idea how our property mkt works
very informative, hope to watch and learn more! subscribed!
thank u. i hope u have enjoy them.
Kindly include Scotts Square, Orchard Residences & 21 Anguilla Park in your list. Thanks for sharing !
dont want lah...all outcome u more or less know...
Nice analysis. Well done!
Thank u
Good content thanks. What tool did you use to see the Singaporean %?
Edgeprop
thanks for the analysis. could look at % loss in a separate video. there's sample bias from central properties commanding greater quantums.sixth possible reason is the slight skew to leasehold
Actually, there are alot of condos that loss money from pasir panjang to river valley to spottiwood park to geylang... I only highlights those that have more unprofitable against profitable transaction. The tenure doesn't play a big part. It's more of the product itself.
1.Marina bay suite, 2.V on Shenton, 3.Reflections, 4.Marina Collection, 5.Helios Residences, 6.Hamilton Scott’s, 7.OUE Twin Peaks, 8.The Scotts Tower, 9.The Cape, 10.The Line
there are others too from river valley to geylang.... too many. but the above stood out.
very good analysis, please do one similar video on surburbs of singapore
surburbs mostly make money. got a handful that lose money. esp those that enter high or those not too ideal projects.
I think the sky high MCST is also a major deterrent to potential buyers in the resale mkt. who can handle monthly MCST of close to 1K ??
Agreed...
Well said 😄
Thank u
Developers just want to sell out. In speculative mkt foreigners snap up luxury condos in Shenton way area, Orchard, Sentosa but these areas have no local demand for own stay so in crisis they will be hit first
It's the same for Singaporean that buy oversea properties...and in major cities in the world.
@@alanweeproperty can avoid that mistake by buying property that has local demand, also every city is different so we need to research carefully.
With the Great Southern Water Front projects, I believed project like Reflection will surge. Dont forget, properties are dynamic, it can turn and move forward too. Maybe is good to look for good buy now.
True. Property will turn due to external factor. But this video is done based on date of recording.
don't think so, it will take a decade or two for the GSW to materialise
@@Stothereal agreed. It will take some time...until tuas mega port in operational first.. then the relocational of ports activities.
What do you think about Perfect Ten?
It's still under construction and not transacted in the resale market. I can't comment much.
Carribean at Keppel Bay seemed to fare better?
Becos this is an oldest project among the rest. Back then..prices is so much cheaper.
Very informative. Maybe do a top 20 instead.
Top 20? Don't scare me lah...I do 10. I already KO...
www.asiaone.com/money/top-10-biggest-condo-losses-202223-what-we-can-learn-them?Autofeed&Social&Facebook#Echobox=1685722198
Interestingly. Their title so similar to mine....😂
hmm i missed the point why low % of SG buyers = high chance of unprofitable resale?
Becos no local demand. Therefore, they depend on foreigners to buy. So if foreigners don't buy. Who will buy? Now 60% absd. Game over..
Local buyers provide more stability as there will always be those who buy for own stay. Investors will dump units when things get scary such as a crisis or when govt introduces cooling measures
This is a reminder property is not a 100% ‘sure make money’ strategy…
FD today is 100% sure make 💰💰💰.
It is all about Timing, if you buy too high then chances are it will take a longer time .
It seems most of these were simply overrated, and later people saw they are not worth the $$.
Yes. The real test come from the resale market.
don't buy anything above 2.5k psf. not worth it. anything above 2k is high risk.
Timing also play impt n also the location n tenure,etc...but agree w you. Some will have trouble existing.. anyway some are bought by well to do foreigners so no worry....only those cash strap/ over leverage will have to pay the prices
You reading from your computer script?
I read how PM speak during NDP rally. 😆
does it matter?
@@alanweeproperty 😂
@@risd1071 no lah. I think he think I have super memory like PM...🤣
Bro. Later u will come out the 10 most profitable condominium? 😂
😆 lol...maybe one day..I shag already after doing this..
yes. Good idea
Jai Hinduja. Now luxury condos can turn the corner with rich foreigners mostly Chinese buyers.
very true....
Talk better don’t talk. Gong jiao Wei. Self proclaim guru
No prob. U are entitled to your opinion.
You never really explained why they are unprofitable . Just listed them out . A bit boring !
I did. Nvm. It's ok.
@@alanweepropertyexplanation may not be enough for those who have no experience in pte propertu mkt in SG as they have no idea how our property mkt works
看了觉得自己很变态，为什么看到有钱人输钱，自己很开心 😅😅😅
他们在帮我们交税
Glad to see rich Ah Tiongs losing money!
why?
talking rubbish...no way the developers will build loss making condo in sg...just give more discounts...
I don't understand what u saying.
Good news for locals, not so for scavengers. Housing for living in for life. P A P for us.
Hi I’m holding on to Sunshine Plaza since day 1. Hopefully enbloc but waiting ….. any advice ? Tyvm
Wingtai or CDL still holding on to them? I think tough...becos prices also went up.
Can consider to cash out n profit. Enbloc I think tough..maybe 2 rounds later...