I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Karen Cullen.
Wow. I'm a bit perplexed seeing her(Mrs Cullen) been mentioned here also Didn't know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
I dont get what you are trying to say. It’s harder now for sellers to offload their condos, so why would buyers find it difficult to hunt for a bargain? If the sellers are looking to sell to upgrade for more space for eg, they will want to let go fast. If they are not in a hurry, maybe they arent serious sellers in the first place. If they arent in a hurry, no problem they can always rent out, but with rental yields dropping they will think twice about holding on and having more and more sunk cost right, why not just axe their current holding and move on with their upgrading plans. You spoke a lot of numbers and stats at the start which was great but towards the end you started talking about having more new launch sellers than resale sellers, im sorry but thats just sales talk man, there has only ever been one seller per new launch project: the developer. I agree that new launch is most of the time a safer bet than resale but the new launch numbers have been the most dreadful in the longest time, the last time new launch sales were so awful was during covid for reasons obvious. I do appreciate the content you are making, but im afraid in this case i find it hard to see a logical reason why buyers should just pull the plug and buy NOW, just because.
@@lesterlim7693 it isn’t harder for sellers to offload their properties, enquiries are still strong for listings that are asking for the prices of the recent transacted units. But due to the lower resale interests rates of 2.8%, and most sellers being own-occupied units they’re are holding up as there’s no urgency to sell. Why they’re not wiling to reduce their price is because the sellers of their next home is also asking for the sky, and no one wants to sell low buy high. So every seller is playing waiting game now given the fact they bought their properties 3 years ago or more at higher than 20% discount compared to now. All in all, sellers are moving and buyers are not in a hurry. The people who are struggling now are actually agents like myself, the tug of war is real! Haha
@@krystaldempsey7109 I will advise to go for the 3br with a 20% buffer in your down payment. 2 bedrooms are more common unit types in most launches and during resale the supply of 3br are usually lesser.
Rental decline is alongside with the decline of interest rates, so it runs together lower rental lower mortgages too. Not saying I’m right just the ground feel from speaking with landlords.
Today, I am going to talk about my overview and thoughts about the resale condo market and what you should be doing as a buyer or seller using facts and figures. TimeStamp: 0:00 Introduction 1:02 TDLR version of this article and Overview of Decline 3:16 Historically using facts and figures 3:47 Comparing June 2014-2024 6:00 Comparing May to June 6:57 Resale vs New launch 8:52 OCR comparison w RCR and CCR 11:07 What you should do as a buyer or seller
suggestion: more representative if factor in the population increment and number of condo (instead of purely comparing volume across years). Not a very neutral calculation imo
@@KeepItRealEstateSG 2013 to 2023 saw an increase of about 300K in Resident (Citizens+PR) population. Birth rate is not significantly over death rate, so that tells you many of these 300K are new PRs which are looking at or at least able to afford to buy property.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Karen Cullen.
Wow. I'm a bit perplexed seeing her(Mrs Cullen) been mentioned here also Didn't know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
Isn't that the same Mrs Karen Cullen that my neighbours are talking about, she has to be a perfect expert for people to talk about her so well
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
I dont get what you are trying to say. It’s harder now for sellers to offload their condos, so why would buyers find it difficult to hunt for a bargain? If the sellers are looking to sell to upgrade for more space for eg, they will want to let go fast. If they are not in a hurry, maybe they arent serious sellers in the first place. If they arent in a hurry, no problem they can always rent out, but with rental yields dropping they will think twice about holding on and having more and more sunk cost right, why not just axe their current holding and move on with their upgrading plans.
You spoke a lot of numbers and stats at the start which was great but towards the end you started talking about having more new launch sellers than resale sellers, im sorry but thats just sales talk man, there has only ever been one seller per new launch project: the developer.
I agree that new launch is most of the time a safer bet than resale but the new launch numbers have been the most dreadful in the longest time, the last time new launch sales were so awful was during covid for reasons obvious.
I do appreciate the content you are making, but im afraid in this case i find it hard to see a logical reason why buyers should just pull the plug and buy NOW, just because.
@@lesterlim7693 it isn’t harder for sellers to offload their properties, enquiries are still strong for listings that are asking for the prices of the recent transacted units.
But due to the lower resale interests rates of 2.8%, and most sellers being own-occupied units they’re are holding up as there’s no urgency to sell.
Why they’re not wiling to reduce their price is because the sellers of their next home is also asking for the sky, and no one wants to sell low buy high. So every seller is playing waiting game now given the fact they bought their properties 3 years ago or more at higher than 20% discount compared to now.
All in all, sellers are moving and buyers are not in a hurry. The people who are struggling now are actually agents like myself, the tug of war is real! Haha
@lesterlim7693
Sellers are not serious lah. They are not willing to drop their prices. They just continue to rent out their property
Sales drop because condo price not cheap. Does not mean it will crash.
True market Résistance
If condo price not cheap, means price is getting out of touch for the demand crowd. Means more supply / resale sellers have to sit on their listings
If holding a 2b2b in d19 instead of changing to a 3b2b still safe?
@@krystaldempsey7109 I will advise to go for the 3br with a 20% buffer in your down payment. 2 bedrooms are more common unit types in most launches and during resale the supply of 3br are usually lesser.
Rental price has been declining. Resale price will be impacted. Wait for another 6 months to see the impact.
Rental decline is alongside with the decline of interest rates, so it runs together lower rental lower mortgages too. Not saying I’m right just the ground feel from speaking with landlords.
Dont buy new launch lah!!
Sure, more for us hahaha jk
Today, I am going to talk about my overview and thoughts about the resale condo market and what you should be doing as a buyer or seller using facts and figures.
TimeStamp:
0:00 Introduction
1:02 TDLR version of this article and Overview of Decline
3:16 Historically using facts and figures
3:47 Comparing June 2014-2024
6:00 Comparing May to June
6:57 Resale vs New launch
8:52 OCR comparison w RCR and CCR
11:07 What you should do as a buyer or seller
isn't that BTO income ceiling cap at 14k? is it increase to 16k already?
My apologies the income ceiling of $16k is for executive condos 🙏 thanks for pointing out
Jai Hind. Finish liao. My friend's daughter had lost her job.
She got a property here?
Future I buy hdb hse
👌🏻
suggestion: more representative if factor in the population increment and number of condo (instead of purely comparing volume across years). Not a very neutral calculation imo
Good point, but at which point do you find not neutral? Is it the part where we compare the average transaction across 11 years?
He suggested adding in the population lense for the demand side. E.g. ageing population.
@@bengtack ok will discuss with the team on this. Meaning more people therefore more transaction is that OP tryna say?
@@KeepItRealEstateSG 2013 to 2023 saw an increase of about 300K in Resident (Citizens+PR) population. Birth rate is not significantly over death rate, so that tells you many of these 300K are new PRs which are looking at or at least able to afford to buy property.
I feel u have good content but u talk like a runaway train
Noted on that thanks for the feedback yah :)