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.

charlane
charlane
6 February 2023
Stephen is very professional and trustworthy agent, he's very responsive and treat all customers with respect. He has put in a lot of effort in making sure my transaction is handled properly, on time and on top of priority. I have already recommended him to my friends that's interested in buying property. Thanks Stephen.
Elwin840808 Elwin
Elwin840808 Elwin
16 January 2023
Stephen really a good agent. I was new to home selling and have heard many about terrible agents. Stephen was professional and he never made me felt uncomfortable. He is professional, experienced and helpful agent. Highly recommend.
Marchelina Vincensia
Marchelina Vincensia
17 August 2022
I’ve met so many property agents in my life but Stephen is really a rare find. If you are looking for someone unconventional, who gives advice based on data and answer all your easy and hard questions tirelessly, then I couldn’t recommend Stephen more. A very hardworking, humble and strategic agent, highly recommend!
Sei Chia Lau
Sei Chia Lau
4 August 2022
Stephen is efficient, responsive and informative. He is able to give us useful advise and guide us patiently. Overall, his service is great👍
Stanley Tan
Stanley Tan
26 June 2022
Stephen is experienced, analytical and views properties comprehensively. This is evident right from the beginning when we chanced upon his informative YouTube videos. He provided us invaluable advice throughout the process of our property purchase. His calm, humble and polite nature made him an approachable professional to discuss the many questions we had. He was patient with his technical explanations as well as his insightful suggestions. He placed our interests first, in the buyers' shoes, gave us space to consider and has never rushed us to make decisions without proper considerations. His attentiveness goes a long way. Stephen carefully planned out the timeline for us and gave us reminders to complete the various items ahead of the deadlines to avoid unwanted hiccups. It was entirely a worry-free process. Stephen even gone the extra mile to meet us at the law firm to show us the way and be in person with us to sign the S&P. He made our property purchase a great buy and an enjoyable experience. Thank you, Stephen.
Leo Lim
Leo Lim
21 March 2022
I would like to send a note of commendation to Stephen Chong for his dedication, professionalism, diligence and patience in handling of property transaction. I would absolutely recommend Stephen Chong to buyers and sellers who are considering to buy or sell their homes.
Lim Ming Hwee
Lim Ming Hwee
26 February 2022
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
24 December 2021
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
20 July 2021
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.

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:

    charlane
    charlane
    6 February 2023
    Stephen is very professional and trustworthy agent, he's very responsive and treat all customers with respect. He has put in a lot of effort in making sure my transaction is handled properly, on time and on top of priority. I have already recommended him to my friends that's interested in buying property. Thanks Stephen.
    Elwin840808 Elwin
    Elwin840808 Elwin
    16 January 2023
    Stephen really a good agent. I was new to home selling and have heard many about terrible agents. Stephen was professional and he never made me felt uncomfortable. He is professional, experienced and helpful agent. Highly recommend.
    Marchelina Vincensia
    Marchelina Vincensia
    17 August 2022
    I’ve met so many property agents in my life but Stephen is really a rare find. If you are looking for someone unconventional, who gives advice based on data and answer all your easy and hard questions tirelessly, then I couldn’t recommend Stephen more. A very hardworking, humble and strategic agent, highly recommend!
    Sei Chia Lau
    Sei Chia Lau
    4 August 2022
    Stephen is efficient, responsive and informative. He is able to give us useful advise and guide us patiently. Overall, his service is great👍
    Stanley Tan
    Stanley Tan
    26 June 2022
    Stephen is experienced, analytical and views properties comprehensively. This is evident right from the beginning when we chanced upon his informative YouTube videos. He provided us invaluable advice throughout the process of our property purchase. His calm, humble and polite nature made him an approachable professional to discuss the many questions we had. He was patient with his technical explanations as well as his insightful suggestions. He placed our interests first, in the buyers' shoes, gave us space to consider and has never rushed us to make decisions without proper considerations. His attentiveness goes a long way. Stephen carefully planned out the timeline for us and gave us reminders to complete the various items ahead of the deadlines to avoid unwanted hiccups. It was entirely a worry-free process. Stephen even gone the extra mile to meet us at the law firm to show us the way and be in person with us to sign the S&P. He made our property purchase a great buy and an enjoyable experience. Thank you, Stephen.
    Leo Lim
    Leo Lim
    21 March 2022
    I would like to send a note of commendation to Stephen Chong for his dedication, professionalism, diligence and patience in handling of property transaction. I would absolutely recommend Stephen Chong to buyers and sellers who are considering to buy or sell their homes.
    Lim Ming Hwee
    Lim Ming Hwee
    26 February 2022
    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
    24 December 2021
    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
    20 July 2021
    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.
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