NOTG - Nuggets on the Go by PropertyLimBrothers

#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

#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