How to Choose The Right Property with High Potential Gain?


Update on 10 Mar 2021

There are more than 50 new launches in the market today.

Are you spoilt for choices?

Video Version Available

In case you want to watch video version. Here is the link.

Otherwise just continue to read on.

How to Start Your Hunting Journey?

When you are ready to look for property, what would you do to start your home hunting journey?

Search on Google? Visit PropertyGuru portal? Or ask your friends which project they bought?

I think these are what most people will do.

However, that might actually lead you to buy into a project that may not perform as fantastic as you thought.

Not every condo is a good asset (although the majority still make a profit la.)

A good asset will still help you to hold the price even during a bad market.

A lousy asset will not help you to make a profit even during a good market.

That’s why you can see some people made a lot from the property, yet there are some owners who actually lose their hard-earned money.

Over the last 8 years of my real estate career, I observe the multiple factors that can impact your future selling price and exit strategy.

So, do you know how to spot the right property that will generate profit?

Case Study:

Let’s play a simple quiz.

Today given a choice of two projects below, which one would you buy?

Condo A vs Condo B:
1. Similar location
2. Freehold vs 99
3. Low density (100+units) vs High density (1000+units)
4. Similar Price

Actually, they are the real case study of 2 projects that launched in 2011.

After a decade, there are only 25 lucky owners in condo A who made a profit, and the highest record at $112,500.

Whereas in condo B, there are more than 479 lucky owners with the highest profit record of more than $800K.

Condo Comparison

Congrats to those who chose Condo B! (but sorry coz got no prize for you)

Now I’m going to share with you the 7 Checklist to Spot the right project for your own stay as well as investment.

1. Project Size

Target the bigger development!

The lesson learned from the quiz above is that the number of units in development is important.

The bigger project with more than 1000 units comes with a huge land size.

And usually comes with amazing facilities.

Plus, you will enjoy the lower maintenance fee as you are sharing among all the 1,000 neighbors.
Generally, you are paying less for more and better facilities.

Facilities

In addition, for big development, you will have more sales and rental transactions every single month.

But for the small project, the last transacted record could be 2 years back.

So, when you want to sell, the bank valuation may not be matched because the bank will always refer to the past transacted record.  And that will affect your future buyer’s decision.

2. Property Age

Go for the Younger Condo.
Generally, the resale value of the condo will increase at a very slow pace or stagnant when it is nearing 20 years old.
Your age is the biggest asset. Aim for the young condo or new launch when you are still young.
Because you can still gain a few rounds of profit through buying and selling.
Only when you are about to retire, then you may choose the older project.

3. Rich in Amenities

Meaning that, if you are buying a property for investment, look out for the surrounding within 1 or 2 km should have:

  • Shopping mall
  • Office / Job opportunities
  • Good school / International School

A place that is rich in amenities will invite a lot more population, hence higher in demand and the price goes up!

4. Convenient in Transportation

The condo should be within 10 mins walk to the MRT station.
For those who drive, the condo location should be easily accessible to the expressway.

5. Right Entry Price

Of course, when the place has both convenience and amenities, the price won’t come cheap.

You can leverage on the Phase 1 price.
Enter early to make sure you get the best price possible and a higher chance for you to gain profit upon TOP.

In addition, avoid buying a project that hits the highest benchmark price for the vicinity.
Because this is more risky.

6. Future Developments nearby

There are a lot of future developments everywhere in Singapore.

But mainly focus on the massive ones.  Such as the massive transformations in Jurong and Greater Southern Waterfront, future big shopping mall, future MRT station.

And future MRT interchange will be a big bonus. Some of the news is not even officially announced yet!

These are where you should really take on the advantage.

Greater Southern Waterfront Avenue South Residence

7. Engage a Good Property Agent

If you are looking to buy, sell or rent, you should engage a trustworthy and knowledgeable agent who can really advise and assist you.
But how do you know if the agent is a good one???

Did you try to search for good food by checking on their google review?  Most of the time we will just follow the good review and hardly will go wrong right?

Yes, it’s the similar concept to differentiate property agent as well.

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.

Oppsss… Did I just overly promoting myself here? Anyway…

I do buy, sell and rent for all residential properties in Singapore.

You may want to engage me for real estate service.

Plan For Yourself is very Important!

As a lot of people never plan anything before going to showflat, they usually end up paying more for a less ideal unit; thereby making less profit as compared to a better valued unit.

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:

    Name:

    Phone No:

    Email:

    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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