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109# Condo Buying Strategies And Harsh Truths for High-Income Singles
Manage episode 472612550 series 2936301
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Many high-income singles in their 30s are rushing to buy condos for status and wealth preservation—but is it the right move, or just a costly mistake? In this follow-up episode of NOTG, George Peng, Phyllis Goh, and Yong Zhun from PropertyLimBrothers dive into the key considerations for self-employed professionals looking to enter the property market.
They discuss if new launches often are the better investment engine, talk about how to assess financial sustainability when taking on a mortgage, and share the pitfalls of herd mentality in property buying. The conversation also covers whether ‘rentvesting’ can accelerate wealth-building, why the speed of exit is crucial, and what ABSD projections mean for investors. Beyond individual strategies, they also provide insights into HDB and non-landed property price trends in relation to GDP, as well as the Government Land Sales (GLS) programme and its influence on future housing supply.
For more expert perspectives on investment strategies and market trends, this episode equips self-employed professionals with the knowledge to make informed property decisions.
00:00 - Intro
00:39 - PERSONA B MAVERICK
03:43 - Phyllis’ thoughts about Maverick
04:12 - Phyllis’ real life client like Maverick
07:06 - George’s advice that are looking for investment
13:21 - Yong Zhun’s thoughts about Maverick
13:55 - Have you heard of F.I.R.E acronym?
14:19 - Retreat and rest
18:22 - Phyllis’ consulting something with Melvin
23:48 - George’s thoughts about what Phyllis’ consult on Melvin
24:25 - Assuming Maverick is working on a bank
25:19 - George tells a story about a certain client
26:58 - George advice about first timer buyers
27:51 - George second client encounter
28:10 - Speed of exit
28:31 - Going back to Maverick
30:40 - One of strategy Maverick can adopt
33:13 - Straits Times article
34:18 - Yong Zhun’s thoughts about the article
35:00 - Cooling measures
34:43 - A few things to look at
38:13 - Private residential price index
41:10 - Interesting Q1
41:18 - Supply and demand list
42:32 - HDB & Private Non-Landed Property Price Index
43:30 - Closing messages
46:29 - Other personas
47:32 - Outtakes
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