NOTG - Nuggets on the Go by PropertyLimBrothers

#29 New BTO Classifications and the possible ripple effect in the property market

With the recent announcement of the new BTO classifications and its regulations, how will that affect buyers and the market? How will buyers perceive these changes, what adjustments will the resale market undergo? Join Melvin Lim as he breaks down the mindset change of buyers, and the possible impact on the rental market, and real estate as an investment. Tune in on this episode of Nuggets On The Go to get a glimpse into what to expect in the future of HDBs.And speaking of tuning in, join us for a thought-provoking live debate on 15th September, where PLB Consultants in 2 teams, engaging in a lively discussion between HDB BTO versus HDB resale. This will be followed by another debate on 25th September, pitting condo versus landed properties. Moderated by Melvin Lim, don’t miss out on the opportunity to hear expert opinions and gain a deeper understanding of the choices available to property buyers in Singapore!(00:00:00) Introduction(00:01:24) New Classification of HDB Towns(00:06:30) Possible Impact (Part 1)(00:12:18) Own HDB and Condo(00:15:56) PLB Live Debate(00:17:02) Possible Impact (Part 2)(00:22:00) "Rental play" strategy(00:25:14) Conclusion(00:25:48) BloopersCheck out our episode on YouTube Channel!https://youtu.be/7MvZ75QY4xs

#28: AI in Real Estate, realtors needing a competitive edge & the ripple effect of the New BTO Classification

On this episode of Nuggets On The Go, Melvin Lim caught up with Bernard, CEO of EdgeProp Singapore and Malaysia. Since coming to fruition for over 8 years, EdgeProp has been the go-to platform for real estate news and analytic data. Learn how EdgeProp came to be, from The Edge Singapore acquiring Square Foot Research, and where it plans to go in the future.Join them as they discuss about technology and real estate, with the advancement of AI. Find out what we think about the recent HDB reclassification announced in the National Day Rally. Explore the multifaceted journey of EdgeProp with us, as they empower individuals to make informed property decisions.(00:00:00) Intro(00:01:12) When did EdgeProp and The Edge start?(00:03:36) What differences are there in portals back then and now?(00:08:44) How do you see AI being a key component in real estate Singapore?(00:18:53) Will you implement AI tools in your portal?(00:38:04) Do you think there will be a day realtors will be displaced?(00:45:00) Views on new launches this year(00:52:23) Do you think our cooling measures will ever be retracted?(00:54:48) Will there be ripple effects of the latest standard, plus and prime BTO models?(00:59:47) What is the plans for EdgeProp and The Edge?(01:02:28) Wrap UpCheck out our episode on YouTube Channel! https://youtu.be/2yuqTZiRwmc

#27: Property Asset Planning, Potential Changes in Public Housing & Value Proposition

Melvin Lim, Lyndon, and Yu Rong return to further explore the topic of HDB and its associated criteria. As this recording takes place prior to the National Day Rally, there's speculation about upcoming adjustments for singles purchasing BTOs and resale HDBs. One prominent question revolves around whether the age threshold of 35 years old will undergo any changes. (update: looks like nope)They explore the possibility of implementing a lower age bandwidth, and its possible repercussions, while also discussing HDB’s PLH and whether ECs in prime locations would be where we’re heading. From property plans to parenting skills and even discussions about inheritance, this one is packed with thought-provoking content. Don’t miss out on this episode on Nuggets On The Go, as well as our upcoming live webinar on September 15th at 8:00 PM!Don't miss it! Sign up now:Choosing Your Path in Singapore Property:Condos vs Executive Condos vs Resale HDB vs BTOhttps://www.propertylimbrothers.com/choosing-your-path-in-singapore-property/(00:00:00) Intro(00:01:38) Single Buying Resale(00:02:32) National Day Rally | Live Webinar(00:04:05) Will the age bandwidth be lowered for singles to buy resale HDB? (00:14:01) Singles’ mindset(00:17:25) News 1 : Consider Building Executive Condos in Prime Location(00:24:33) News 2 : Clementi, Pine Grove sites(00:26:47) Performance of New Launches 2023(00:27:51) Lyndon’s Journey(00:30:14) Dropping Take Up Rate for New Launches(00:31:15) News 3 : Household wealth rose in Singapore, bucking trend(00:32:25) 2023 Q1 Singapore Household Net Worth(00:35:16) Correlation between growth in price and landed/condo/hdb(00:41:16) News 4 : Pursuit of property near popular schools heats up(00:57:07) News 5 : How much inheritance should you leave your children? (01:04:16) Wrap Up | Live WebinarCheck out our YouTube episode here:https://youtu.be/WeP7m4j01s8

#26 Why 2 Condos, Real Estate Foresight, Inflation and the Emotional Attachment to Money

We're glad to have you join us for the second instalment of the two-part NOTG episode featuring Joanna and Jevin. Their property journey began early in life, and in this episode, they openly discuss the knowledge they've gained throughout their experience. Get an inside scoop into their meticulous decision-making process, including their bold choice to let go of their dream HDB unit, SkyVille @ Dawson, in favour of acquiring two condominiums.Join Melvin and George from PropertyLimBrothers as they find out more about Joanna and Jevin’s journey. Discover their perspectives on the significance of early financial literacy and the exploration of multiple life paths while the opportunities still persist on this episode of Nuggets On The Go!(00:00:00) Intro(00:01:43) Plan for En Bloc(00:07:28) Future Plan / What is the plan if property go en bloc in 20 years(00:10:05) Potential of Geylang(00:16:39) Thoughts on policies towards singles or married couple(00:22:35) Property VS Stock(00:28:15) Misconceptions about financial literacy in the education system(00:37:13) Final Thoughts(00:42:10) Toilet Break(00:42:17) Joanna viewed 200 properties???(00:48:13) Experience with PLB(00:52:57) The Meaning of Life: What would you advise your child to do with their life?(00:55:54) The Meaning of Life: What do you really wanna tell your mother and your father?(00:56:37) Wrap UpCheck out our YouTube episode here:https://youtu.be/oWKxZG-xcaY

#25 Will Condo Quantum Hit Its Limit?

Today on NOTG, we’ve got a fresh perspective from Lyndon, Assistant Listing Executive at PropertyLimBrothers. Watch this insightful discussion on the difference between the property markets in Hong Kong and Singapore, as well as some misconceptions people may have on the value of renovation from a buyer vs seller’s perspective. With the trend of the market, will we eventually reach a point where people simply decide that condos are too expensive to afford?Join the crew in exploring the charts and data from PLB’s Research Team, to shed some light on the trends in the property market. Do keep a look out for Part 2, where we’ll continue our discussion on the recent eye-catching property headlines. Don’t miss another engaging and informative episode, and be sure to drop us an email at insights@plb.sg for access to the charts shared in this episode!(00:00) Introduction(03:38) Article: Climbing property ladder harder?(04:29) Lyndon's BTO Story(06:24) Renovation calculation(10:52) Balloting for BTO(12:20) Lyndon's stack facing story(14:29) Knowing your renovation budget(19:24) Singapore is more expensive than Hong Kong(35:00) Buying into a private property(36:30) Real estate market forecast(45:24) Joanna and Jevin real estate journey(46:28) 5 years cycle(49:32) Private properties becoming unaffordable in the future(56:25) Singapore's old money(58:46) What will happen to all the 99-year properties?(1:00:59 Conclusion(1:03:16) Bloopershttps://youtu.be/amVgs91M8hU

#24: Financial Literacy, Real Estate Investment and Their First Property at 23?!

We’ve got clients Joanna and Jevin on board today to provide insights on property investment, financial literacy and snippets of their real estate journey! Tune in to hear about their experiences and real-life lessons on the importance of a timeline and how they navigated the process of show funds pledging while interacting with different agents before finally ending up with PropertyLimBrothers.Melvin Lim and George asks about their home buying journey, from attempting to snatch up a Punggol SBF at the age of 21, to buying their matrimonial home at 23, and the eventual additional assets to their portfolio. Don’t miss this engaging episode of our Nuggets On The Go Banter series, where we explore the realm of property investment and financial knowledge with valuable bite-sized nuggets of information to take away!(00:00:00) Intro(00:01:54) Occupation of Jevin & Joanna(00:02:28) Background story before buying house at 23 y/o(00:15:30) Property Journey(00:28:34) Resale VS BTO(00:38:56) Opinions on Property Prices(00:41:00) Financial Planning / Arrangement(00:44:17) When did they start to plan for next move?(00:46:07) Discipline of planning(00:51:30) CPF Accrued Interest(00:52:34) Stop Thinking, Start Doing(00:56:22) Suggestion for planning/ Create habits(01:10:16) Wrap Up

#23 George Goh on Building his Business empire, Education System, Advice for Young People

We invited presidential hopeful, George Goh, a familiar face in the media these days, to our Nuggets On The Go studio for a chat! Melvin Lim from PropertyLimBrothers speaks with George Goh about work, life and family in this exclusive 1-to-1 session.  He shares how he started his business, with a humble beginnings and on to a shoemaking business with his brothers, to his passion in music that led to getting his degree in recent years, as well as his philanthropic works in recent years.Get to know George Goh, as an entrepreneur, father and presidential hopeful! Drawing from his firsthand experience of starting from scratch, George also shares some words of wisdom that resonate with both the younger generation and those in the later stages of life. Don't miss this special episode of Nuggets On The Go!(00:00) Intro(01:23) Introduction of George Goh(02:50) The Start of the Entrepreneurship(09:42) Shoe Making Business(12:23) First Hire(14:55) Business Advices(18:59) Challenges(23:02) Dot-com Collapse(24:21) Starting the First Company(27:42) Mentor of Business Building Skills / Harvey Norman(35:52) Working Relationship with the Benetton Family(36:52) Key Success Principles(40:58) Education Journey(48:30) Thoughts of Education System(52:58) Advices for New Entrepreneurs(58:28) Balance between Work & Family(01:01:25) Work-Life Balance(01:03:26) Motivation of Himalayans(01:10:12) Perspectives of Life(01:15:21) Who do George Got admire?(01:17:57) Wrap UpWatch the video on our NOTG YouTube Channel:https://youtu.be/DpKyL6lg-fg

#22: What Do YOU Want to Know About Singapore Real Estate? We Answer Them!

Our NOTG home team is back, this time we have a special AMA episode for you! Having gathered your questions through our Instagram Stories, Melvin Lim, Grayce, George and Yu Rong from PropertyLimBrothers answer your burning questions.From calculating valuation, choosing between PLH and non-PLH, to the things to take note if you’re a Singaporean + PR couple looking to buy a home. All these and more will be answered on this week’s Nuggets On The Go episode!Any unanswered questions? Feel free to drop us a message in the comment sections or email us at insights@plb.sg! We’ll be happy to address your enquiries.Watch the video on our NOTG YouTube Channel:https://youtu.be/oy06ECdT8yQ(00:00:00) Introduction(00:03:22) Question 1: (Down payment for an HDB 5-room)(00:05:03) Types of grants(00:06:37) HDB Loan and Bank Loan(00:07:39) Mindset for resale market (COV)(00:08:40) Determining the valuation(00:10:20) Question 2: (Non-PLH or PLH)(00:10:56) Difference between Non-PLH and PLH?(00:13:39) Question 3: (Buying new launch or resale in D15)(00:15:58) Buying new launch or resale property?(00:16:36) The Shore Residences vs Tembusu Grand(00:19:17) Yu Rong's opinion: Freehold Resale vs The Continuum(00:21:06) NOTG nuggets sponsor(00:21:35) Question 4: (3-bedder unit at Kent Ridge Hill Residences in 2018)(00:22:14) Kent Ridge Hill Residences location analysis(00:23:15) D5 price analysis(00:24:00) Should you hold? (Kent Ridge Hill Residences)(00:24:59) Asking price of Normanton Park and Kent Ridge Hill Residences(00:26:21) Should you sell during TOP?(00:30:37) Question 4: (Quiet market for rental or selling market)(00:31:51) Inter-terrace vs Semi-detached(00:33:09) What's your next plan?(00:36:00) Question 5: (4-bedder duplex condo below $3 mil)(00:37:11) PLB client story(00:38:26) Question 6: (Will the mortgage loan rates drop?)(00:39:06) Why interest rates drop?(00:39:33) What happens to real estate market when interest rates drop(00:40:47) Methodology of buyers and sellers(00:41:44) Forecast of interest rate(00:42:18) SORA rates(00:42:32) Timing the market(00:43:51) Yu Rong's pronunciation (Part 1)(00:44:28) Question 7: (Resale condo or cluster landed)(00:45:05) Chasm Gap(00:45:47) Landed homes are more attractive(00:46:44) Resale condo or cluster landed?(00:47:29) $3 mil Cluster landed(00:48:20) Yu Rong's maximum price for each property type(00:50:14) Inventory level of strata housing (00:51:14) Strata landed for foreigners(00:52:19) Hybrid option(00:53:28) Question 8: (Limitations for PR)(00:56:32) Yu Rong's pronunciation (Part 2)(00:56:55) Benefits of having dual citizenship(00:58:05) Yu Rong's pronunciation (Part 3)(00:58:34) Singapore is pro-family(00:59:19) Question 9: (Combine income HDB resale or BTO)(01:00:40) BTO waiting time(01:01:53) HDB loan of combine income of $6,800(01:02:57) Question 10: (Which has a higher ROI)(01:03:42) Cluster house vs Pure landed(01:06:35) Yu Rong's choice of project in D14(01:07:17) Which district has the highest ROI?(01:08:01) Question 11: (Budget of $1.3 mil, property in north-east area)(01:09:50) Answering "What" questions(01:10:36) Conclusion

#21 Why 99-year leasehold landed homes shouldn’t be overlooked!

Gateway into Singapore's Landed Property Market. Register your interest at our in-house seminar now!https://www.propertylimbrothers.com/bsel-pollen-collection/Is it worthwhile to consider 99-year leasehold landed properties? Melvin Lim from PropertyLimBrothers delves into this subject, using the brand new 99-year leasehold landed homes at Pollen Collection as an example. Pollen Collection, developed by Bukit Sembawang Estates, is neither a condominium or cluster house, nor is it freehold or 999-year leasehold. So what factors make Pollen Collection and other 99-year leasehold landed homes a compelling investment? By comparing conventional landed properties with cluster homes and condominiums, we can assess the criteria that determine the desirability of entering a landed property market in the present era.(00:00:00) Introduction(00:01:10) Understanding landed properties(00:02:27) Category of homes(00:04:10) Minimum entry for properties OCR zoning (00:04:23) Budget of below $4 mil(00:07:29) Fundamental difference of living in different property types(00:08:44) Cluster housing vs pure landed (00:10:51) Calculating PSF(00:11:40) Buying old 99-year pure landed(00:12:43) MCST fees(00:13:32) 3 Choices for condos/apartments(00:17:04) Disparity effect(00:17:57) Buying a property in OCR area with $1,400 PSF (Price gap)(00:18:35) Lease reset calculator(00:22:18) Is resale cheaper?(00:23:01) Price gap of brand new and resale(00:23:53) Available supply in Singapore(00:27:24) Herd mentality(00:28:17) Future launches(00:28:52) Conclusion(00:29:39) BloopersWatch the video on our NOTG YouTube Channel:https://youtu.be/jINURPcJ0fY

#20: Cracking the Condo Code 3: Should you be comparing Quantum or PSF prices when buying a condo?

Why is it that we’re focusing more on quantum over PSF nowadays? Melvin Lim recaps on the previous parts and offer an illustration of erosion, before moving into the topic for Part 3, quantum versus PSF methodology. Listen on for nuggets of digestible and understandable concepts.A shout-out to our participants who made our recent Landed Convention a success, thank you for coming down and being a part of our first Landed Convention! If you’ve missed out on the PDF that we were sharing, do drop us an email at insights@plb.sg.  (00:00:00) Introduction(00:01:39) Landed Convention(00:04:37) PLB Property Summit 2023(00:05:29) PLB latest technology(00:07:01) Recap(00:08:23) Quantum versus PSF(00:09:06) 7 unique traits of Real Estate as an investment(00:09:41) Investing in real estate(00:10:25) What could you buy with $100K 3 years ago?(00:11:30) Regentville pricing(00:14:57) $100K down payment comparison between 2020 and 2023(00:16:52) Class of asset that will appreciate(00:17:49) Choosing the right asset to invest into(00:18:39) Mindset of investing(00:23:30) Owning a property forever?(00:25:11) Exit mindset(00:27:29) PLB Insights Q1 Report 2023(00:28:11) 2013 trigger events (00:30:26) Changes in floor plans(00:32:19) Trifecta of resale properties(00:33:47) Conclusion(00:39:08) BloopersWatch the video on our NOTG YouTube Channel:https://youtu.be/xb_yinSKoEQ