NOTG - Nuggets on the Go by PropertyLimBrothers

#39 The Buyer’s Dilemma: Chasing Prices In An Ever-evolving Market Part 1

Melvin Lim and Yu Rong, are joined by Sebastian and Alexa, recollecting the recent news of potential Fed pivot and adjusting of interest rates, untangling the complexities of buyer behaviour, market perceptions and the potential impact of recent news on the market. With 11 rounds of rate hikes already in the books, what would it mean for the market and seller-buyer behaviour if there was a Fed pivot and interest rate adjustment. Diving deep into the intricacies of real estate trends and how their behaviour is very much human-influenced, this episode on Nugget On The Go is one that could reshape your perspective on market dynamics and buyer decisions!Stay tuned for part 2!(00:00:00) Introduction(00:04:31) Potential Fed Pivot & Interest Rates Dip(00:11:36) What if interest rates drop further?(00:18:30)Missing opportunities(00:20:00) Sellers' Market and Buyers' Market(00:25:42) Not enough listings(00:27:28) PropertyGuru Supply Index(00:30:11) Solving imperfect information in the market(00:37:15) Teaser(00:37:53) Bloopers

#38 Cracking The Condo Code 7: How to Leverage Real Estate Data to Forecast Your Next Move

The year-to-year price index this year has been increasing at the slowest pace. How will we end 2023 and head into 2024? Buyers like to look at past data when talking about real estate, but we’ll show you how to use them to properly evaluate the supply and demand, and how that could affect your exit strategy.Melvin Lim from PropertyLimBrothers assesses the chart decks that our REKI Team has done for listings and its correlating transactions, and what to look at when buying a property, be it overlapping statuses or similar price points. Don’t miss this episode where Melvin analyses past data, connecting actual supply and demand statistics. Do check out our charts on: https://www.propertylimbrothers.com/research/(00:00:00) Introduction(00:01:23) Past transactions(00:04:32) Number of Landed Private Transactions (2023 Jan-Sep)(00:06:15) Current Available Landed Listings (Oct 2023)(00:08:37) Most popular real estate portals(00:11:13) Demand and Supply(00:13:35) Singapore Property Sale Market Index(00:13:51) Absorption Rate and Disparity Effect(00:20:52) Conclusion(00:21:40) Bloopers

#37 Cracking The Condo Code 6: Leveraging Interest Rates in Illiquid Assets like Real Estate

Interest rates and real estate go hand in hand. Let’s say interest rates finally take a dip, what should we do then to leverage it? Join Melvin Lim from PropertyLimBrothers on episode 6 of Cracking The Code on Nuggets On The Go, where he shares 6-8 reasons why not paying down your mortgage may actually be more beneficial than you think.Bite into our nuggets of unconventional financial wisdom as we weigh out the pros and cons of not paying down your mortgage even when interest rates stay put. Tune in and rethink your financial strategy!( 00:00:00) Intro(00:01:36) High Interest Environment Leverage of Pay Down?(00:03:40) 1 // Leveraging Good Debt 4x your wealth(00:08:05) 2 // Inflation Erodes Debt(00:12:22) 3 // Net worth remains the same(00:13:18) 4 // Liquidity is more important than paying down trapped equity(00:13:48) 5 // Leverage with insurance(00:15:49) 6 // Interest Rates might come down eventually(00:16:48) Resale sellers & developers will not sell when interest rates drop(00:17:19) 7 // You pay interest till the day you sell, not for the full period(00:18:04) 8 // Use Interest Offset accounts facilities to offset your mortgage interest(00:18:35) Wrap Up

#36 Property Q&A, New Project Forecasts and How to Evaluate a Project’s Performance

The team is back! Melvin Lim, George, Yu Rong, and Jesley, delves delving into some intriguing questions submitted during our previous episodes and webinars. Their discussion spans various topics, from the distinctions and value propositions between 99-year and freehold properties to the future prospects of HDB developments.Have you ever wondered why certain projects struggle while others thrive? Determining the potential success of a property isn't always straightforward. Join them in this episode of Nuggets On The Go and discover the key attributes to consider when making well-informed decisions in Singapore real estate!(00:00:00) Intro(00:01:21) New NOTG member - Jesley!(00:03:35) Q&A 1 : Euhabitat / Herd Mentality (00:12:34) Q&A 2 : Young 99-year VS Old 99-year VS Freehold Condo (00:25:39) Mindset when property went en bloc(00:31:39) Upcoming Bayshore BTO / East Coast development(00:41:03) Application rate for October BTO exercise lowest in recent years(00:43:22) Future HDB upgraders market / Case Study 1(00:54:07) Case Study 2(00:56:58) Case Study 3(00:01:03:42) URA Q3 Flash estimate data | PLB Q2 Report(00:01:07:29) Wrap Up

#35 Cracking The Condo Code 5: ROI & How It Affects Your Investment Property

Melvin Lim talks numbers, return on investment, on real estate property investment. When entering the real estate market as an investor, it's essential to have an exit plan from day one, as property is known for its illiquid nature.One of the central themes Melvin explores is the concept of return on investment, whether it is worthwhile to invest in real estate compared to other asset classes and alternative investment instruments. Find out key mistakes a homeowner makes when upgrading to private property, and how one can avoid them with the help of some key frameworks. Learn more real estate investment strategies on this episode of Nuggets On The Go!(00:00:00) Intro(00:01:15) 99.co x Seedly(00:02:00) ROI (Returns on investment)(00:03:15) Real Estate Investment(00:06:20) Monthly Loan Repayment Calculator | P&I (Principal & Interest)(00:11:39) Scenario 1 : Property did not appreciate & Rental cannot cover instalment (00:17:53) Scenario 2 : Property did not appreciate but Rental can cover instalment (00:21:05) Scenario 3 : Property appreciated but Rental cannot cover instalment (00:23:22) Scenario 4 : Property appreciate & Rental covers instalment(00:24:52) Wrap Up

#34 To Buy Now Or Later - What Is Time Preference?

Melvin Lim from PropertyLimBrothers delves into a fascinating economics theory, speaking about the concept of Time Preference and how it intercorrelates with not just economics, but real estate and decision-making in life. So in the essence When is the right time to make the transition from renting to owning a home? Defining low versus high time preference, find out how it plays a significant role in decision-making. We’ll also introduce 4 key factors you need to understand before making any significant decision, whether it’s about investments, personal finances, or life choices. A prelude to our upcoming few sessions, tune in to this episode to get a head start!(00:00) Intro(01:03) What is time preference?(02:55) High / Low-Time Preference(05:37) Example : High Time Preference(08:13) Example : Low Time Preference(09:12) Low time Preference VS High time Preference - Salesperson(11:31) Time Preference as property buyer or investor(14:58) Deciding Your Time Preference(19:45) Oversea Property Investment(21:16) Singapore Property Market - Demographic(23:32) Wrap Up

#33: Cracking the Condo Code 4: The Exit Audience and Familiarity Effect

Welcome back to another Cracking The Code episode on Nuggets On The Go! With the landscape of real estate constantly evolving in line with recent reclassification of mature and non-mature estates to Standard, Plus and Prime models, plus rejuvenation of non-central townships, is it perhaps time to reclassify the OCR, RCR and CCR?Join Melvin Lim from PropertyLimBrothers to explore the question whether is it time to reevaluate region classifications, and what reclassification may help to do. Find out why Melvin thinks reclassification may be necessary, as well as the impact of the exit audience effect.(00:00:00) Intro(00:00:54) Removal of non-mature and mature HDB housing | Standard, Plus & Prime HDB (00:02:12) Reclassification of OCR, CCR, RCR(00:04:39) New Townships(00:05:57) Exit audience of BTOs / MOP HDB(00:10:14) MOAT Analysis [Treasure Trove /  Parc Centros / Prive](00:11:28) First-hand owner psychology / familiarity effect(00:15:28) OCR Development(00:19:00) Potential of new townships(00:20:23) Exit strategy criteria(00:22:10) Wrap Up

#32: LIVE DEBATE Special: Condo Vs Landed!

Condos and landed homes are undoubtedly the hot comparison property types when it comes to real estate investment. But what factors determine a buyer or investor steer towards one than the other? Condos with its wider buyer and rental pool, again landed with its rarity and strong store-of-value. Which do our consultants think will prevail?From price growth to rental yield, a debate between these experienced realtors who have transacted a number of these properties was an enlightening powerhouse of information exchange! Watch the debate here in case you missed it!

Buying A Private Property At 23? It’s More Possible Than You Thought | PropertyLimBrothers| Min Chen

Buying her first property at 23, self-made? PropertyLimBrothers Melvin Lim and Grayce are joined by Min, a young Singaporean entrepreneur who purchased freehold condominium in Serangoon. But what’s so great about that though? Aside from age, there’s some depth in mindset and thought process. Check out her journey, find out what was her motivation behind buying a property, as well as how she was able to save up enough for the down payment.Purchasing a 1-bed + study and having rented it out, what are her plans now after achieving this big life goal? Find out all these and more on this episode of Nuggets On The Go! Do check out her TikTok that caught our eye here:https://www.tiktok.com/@minxchen_?_t=8ftK7dVqakZ&_r=1(00:00:00) Intro(00:01:23) Family Struggles and Support(00:05:51) Property Purchase Journey(00:09:05) Motivation of buying property when 21 y/o | Family Background(00:28:14) Saving tips and habits(00:32:52) Save money for future plan(00:36:15) Cut down or earn more?(00:37:08) Advice for young people who wants to start up business(00:40:52) Next Plan(00:42:53) Where do you learn about property?(00:48:01) What do you want to accomplish in the next few years?(00:50:36) How do you motivate yourself?(00:59:21) What would you advise a child to do with their life?(01:02:19) Grayce's Motivational Speech (01:03:55) Outrohttps://youtu.be/dKPktipwmM0

#30: HDB - BTO vs RESALE? | Live Debate Special

PS: For HDB buyersLet's be real. It's the age-old question that every singapore couple asks ourselves. How does it fare now in 2023 and onward to 2024? Stick around as this is the full recording of the LIVE DEBATE that happened earlier this week.From learning about the price fluctuations and real differences in terms of price, space, emotional buys and more, enjoy this conversation and decide for yourselves — Which is better for you?Check out our episode on YouTube Channel!https://youtu.be/uTwWZlUhnFM