5 Common Mistake in Property Investment (Singapore)


Updated on 17 Jul 2019

5 Common Mistakes you must avoid in Property investment in Singapore.

The mistake may cost you 5 to 6 or even 7 figure!

Do you wish to avoid all of them? Did you profit from your last purchase?

Or do you wish to make profit with low risk?

Eventhough buying at the same time, some made profit, but some lose money.

Why is that so?

And I found that many buyers don’t really do enough research before they buy.

Most of the time, they have made at least one of the 5 common mistakes which would contribute to the loss.

You must know and avoid these 5 mistakes because, with 1 mistake, your hard earn money may stuck with your house.

1. Follow Emotion / Feeling

When it comes to showflat viewing, most people like to use their feeling to decide on which property to buy. You would feel this showflat is nicer than the other one that’s why I chose it.
So don’t let your emotion to control your decision. Always use logical thinking to decide your investment.

2. Buy at the WRONG TIMING

Did you notice that when people see there is a long queue, they will go and follow the queue right? Same goes to property purchase, many people buy when the property market is hot. These are what we call FOMO (fear of missing out).
However, when the market is hot, that’s when most of the developers increase the price even on the launch day itself.
Warren Buffett has a saying about investing in general: “Be fearful when others are greedy and greedy when others are fearful.” Got to be decisive to pounce on opportunities.

3. Sell at the WRONG TIMING

Buying a property is easier than selling a property. Many people buy without even planning when to sell it. Understand the construction progress and the nearby future development would help for your exit strategy.

4. Select the WRONG PROJECT

Location is not the only factor to determine a better project. The better location always comes with a higher price. You got to measure your risk to enter. Try to avoid to set the benchmark for that vicinity despite the best location.
For example, Scott Square in Orchard set the highest price benchmark at in 20xx. Even with its fantastic location, the resale market still couldn’t absorb higher price. Measure the location, future nearby development and entry price are the most critical to decide your investment.

5. Select the WRONG UNIT

A higher purchase price from the developer for the so-called “premium” unit, doesn’t mean that you can sell at a higher price in the future. Take this as one example,
The cheaper unit eventually makes more money than the premium unit. Why is that so? Because of the value. Look at the $psf for your purchase price. Does the better view really cost you $100psf more? Unless we are talking about the unblocked land view or sea view. A pool view is very common in the market.

Every great thing comes with compromise. Its either you compromise with the size, location, view or the price. Sometimes the cheaper price unit has a higher potential to sell at the greater profit. The most important is still the entry price.
You have learned all the 5 common mistakes to avoid. It’s always Easier said than done.

To do all these researches are time-consuming and it keeps updated every after. Register to have a free discussion with me. I’m Stephen Chong. Can reach me at +6591887652.
I will ensure you will have some take away with the great strategies from the discussion.

Plan For Yourself is very Important!

As a lot of people never plan anything before going to showflat and end up paying more.

I suggest we have a short meet up first where I can share with you based on your case and what is the best scenario moving forward and based on the market now what are the projects best suit you!

Register for Non-Obligatory Discussion:

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    5 Common Mistake in Property Investment
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    Stephen Chong
    Stephen Chong
    Lim Ming Hwee
    Lim Ming Hwee
    2022-02-26
    Stephen is a very good agent who goes beyond his way to ensure that his clients are happy. He is very patient and helpful, and will always give good advice.
    Joseph Sze
    Joseph Sze
    2021-12-24
    Stephen is a professional & responsible person who has provided good quality customer services to our recent Condo housing purchase & related matters. I found he has put in great efforts and gone for extre miles to assist us in the whole process and related purchase issues. Excellent work, Stephen!👍🏼👍🏼👍🏼
    SZ Lim
    SZ Lim
    2021-07-20
    Was going thru Stephen's video when I noticed he had a google review panel up. Going to copy paste my review on his FB page from 2019. I still stand by my review. Stephen was very professional throughout our engagement process. I first engaged Stephen as his effort could be seen thru the videos he made. The videos were informative, detailed, yet easy to understand from a beginners point of view. Could also see the improvement of his videos as time passes, and that speaks volumes about one's character on his eagerness to improve and share. During my engagement with him, Stephen was very professional. Since I was very new in the scene, I required alot of guidance and honesty. Stephen was very upfront with me on many items and did not try to hide any facts from me. As a first time buyer, both good and bad prospects were laid out after his detailed analysis on my current financial condition and also on the projects we went to see. Comparing to other agents who will just blab anything that benefits their sales point, Stephen was straightforward and truthful on the issue. I have met quite a few agents but would highly recommend Stephen to people who are looking for properties, be it looking for a place to stay, or looking for a property to invest.
    YingYu Tan
    YingYu Tan
    2021-07-11
    Stephen handled both my HDB sale and new condo purchase. The whole process was fuss-free and smooth. What impressed me was his willingness to go the extra mile for his client, from analyzing every detail and being there for me and my wife every step of the selling/buying process.
    陳若芸
    陳若芸
    2021-07-04
    Cannot believers Mr Stephen posting my rental unit less than 10 mins ? Yes, can't believed it ? but please believed it. 1st day open ..more then 8 enquiry. Mr Stephen was very professional, patient and knowledgeable, he shares all the information i needed, excellent service 💪💪 Rent out my unit within 2 days highly recommended ..BINGO
    Jade Bai
    Jade Bai
    2021-06-30
    We came across Stephen YouTube video and appreciated the tips he is providing. We decided to engage Stephen when we were house hunting. Most people may feel that you can DIY resale hdb buying process. Personally we feel its money well spent engaging Stephen. The whole buying process is swift. Stephen is very prompt in his reply. He did alot of detailed analysis and recommend us the units we can explore. He is very detailed anf meticulous. This process saved alot of time. He also gave us helpful advice on the units we viewed. No hard selling or rush you into hasty decisions 😊
    Adrian Tay
    Adrian Tay
    2021-06-30
    Knowledgeable and professional, Stephen is not the typical agent you will meet. Ever so patient, he will help provide his genuine feedback and never pushy unlike most sales agents. Fortunate to have Stephen walk with me in my property investment journey. Will recommend Stephen to anyone who is looking for a trustworthy agent to walk the mile with.
    michael tan
    michael tan
    2021-06-29
    Very patient and give good advise. I bought ec under him and he sold my hdb.
    CY Goh
    CY Goh
    2021-06-05
    I believe every property investors or home buyers have encounters with numerous property agents. However, how many of you ever met someone with passion and enthusiasm to sit down and analyze each property based on your criteria (budget, requirements like location, size, etc)? Having watched Stephen's videos in YouTube, decided to ping him and the rest is unspoken of. Not only did he helped to narrow down our search, he also analyzed which project has higher prospect and which unit (level, facing, etc) fits our living habits. No complaints, except for not knowing Stephen earlier. Good job Stephen, thank you.
    Esther Cheh
    Esther Cheh
    2021-04-30
    Stephen was the agent assisting us in the purchase of our condo and now to market them for rental. He is extremely helpful, open, transparent and reliable throughout the entire time. He went above and beyond to help us set things up while we are not in Singapore.He is also very professional and knowledgeable about the property market in general. I am confident to leave our condo in his care to find us a good tenant and to manage them in future.
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