#87: Risks of Co-owning With Friends, Rising Property Prices & HDB vs Condo for Singles

NOTG - Nuggets on the Go by PropertyLimBrothers

This week on NOTG, Melvin Lim, Jun Wei, and Alexa from PropertyLimBrothers take a closer look at two single personas—Ryan and Laura—who are at different stages in life but share the same journey of finding the perfect home.

Are you like Ryan, 28, seeking your own personal space in a modern community with strong investment potential? In his spring season, learn why Jun Wei suggests looking at private properties in the OCR, specifically Punggol East! Or are you more like Laura, 37, torn between HDB and private property? Looking for a home to stay in and for potential investment during her summer season, and with the price disparity, which is the better investment choice—HDB or condo?

The team also talks about considerations when buying with a friend, how priorities shift with different life stages, and the financial aspects of making a property decision that aligns with both personal and investment goals.

And if this episode got you thinking about your own property journey, don’t miss the chance to gain even more insights at Property Summit 2024! Join us on 26-27 October for a 2-day masterclass packed with expert knowledge on market trends, investment strategies, and all the tools you need to build a winning property portfolio. Just starting out or looking to grow your investments, this is the event to be at!

Sign up here: https://assembly.sg/property-summit-2024/

Timestamps:
00:00 Intro
00:54 Melvin’s experiences with co-owning a home
03:43 Ryan and Laura introduction
03:48 Melvin encourages buyers to own a home under their own name
04:07 Discussing Ryan’s profile
04:44 Jun Wei’s thoughts on co-owning
07:57 Jun Wei’s ideal co-owning plan
12:16 Alexa’s thoughts on co-owning
13:12 Bidadari Flats resale prices
14:09 Downsides of co-owning (one co-owner with CPF, and another without CPF)
18:12 Discussing Laura’s profile
18:30 Tips and recommendations for Laura
20:21 Laura’s potential buying plan and home options
26:41 Promoting PLB Property Summit 2024
27:41 Symphony Suites 3-bedder listing and buying plan
31:20 Symphony Suites 4-bedder layout
33:04 HDB options for Laura and buying plan
35:58 HDB vs Condo
38:45 Number of Million Dollar HDB Resale transactions
39:40 Sengkang HDBs increasing in demand
41:55 First million-dollar resale flat in Bedok
44:08 Laura’s potential buying plan (continue)
47:18 Ryan’s potential buying plan and home options
51:29 Parc Rosewood 2-bedder listing and layout
53:36 Norwood Grand unit pricing
54:48 Ryan’s potential buying plan (continue)
57:43 Alexa’s property journey and tips
01:09:52 Promoting PLB Property Summit 2024
01:11:28 Closing thoughts
01:11:58 Outtakes