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@wendyyong6499

5 ай бұрын

Hi Eric, I'm new to your channel today and is impressed. Thank you for all the videos. I am looking at new 3 bedroom condo at outram park mrt area, around year 2023 to 2024 (ready to move in) What is your view on Sky everton, Jervois treasures and One pearl bank. Are they good for investment? Hope You can do review on them? Subscribed to your channel. Thank you, love your videos.

@savvyericchiew

5 ай бұрын

@@wendyyong6499 thank you for subscribing! Those condos that you mentioned are 🥴😵‍💫🫣

@wendyyong6499

5 ай бұрын

@@savvyericchiew Huh? Really why? I heard a lot of doctors living at condos near outram park / bukit merah areas.😅

@savvyericchiew

5 ай бұрын

@@wendyyong6499 performance is bad

Thank you for rushing out the review before the booking day Eric !

@savvyericchiew

6 ай бұрын

Hope this video gives you joy! 🥳

Your final scene epic sia!! I tot the LOTR towers / laser monster sia!!! Salute your enthusiasm. Overseas still can do such nice video!! RESPECT!! enjoy your holidays ya Eric.

@savvyericchiew

6 ай бұрын

That’s Lumina in Paris 😆 Anyway thanks man! I want to do nice videos for you to enjoy! ✌️

@barcaewok7229

5 ай бұрын

@@savvyericchiew super shiok videos in 2024. V v cool. Tqvm Eric

@savvyericchiew

5 ай бұрын

@@barcaewok7229 thanks for liking them! Will continue to do more 👍

Hi Eric, thanks for your insights. Do you think EC is still worth it for young couples if they go for deferred payment scheme which has ~3% markup? Cos at such prices those recently started working and looking for 1st property not able to fork out so much cash outlay. Versus the alternative to go for 2 bedder new launch where can take more loan.

@savvyericchiew

6 ай бұрын

EC is a very safe, slow and steady way to make money. Condo way is faster due to the flexibility to upgrade after 3 years rather than 8-9 years.

Will you consider doing a video for what is the best next move for diferent ppl at different forms of life? Exanple 20-30 30-40 40-50

@savvyericchiew

6 ай бұрын

Good idea!

Hi Eric, thanks for your great videos! Hope to build Huat Kuay that TOP soon. Deciding between Lumina & The Hill - What is your Huat Kuay sense on which will earn more profits ? Also, can get your help to do a video review of The Hill ?

@savvyericchiew

5 ай бұрын

EC sure make one cos of lower entry and holding period is 8-9 years. Will review the Hill soon ✌️

Thanks for your videos Eric. My wife and I are big fans. Quick question - 3br in this EC vs 2br in a private is what we're considering now. Assuming the 2br is in a good launch, would the 2br probably make more returns? Thanks!

@savvyericchiew

6 ай бұрын

You can potentially flip 3 condos in 9 years each 🤩

Huuuuuuuat ah Eric, thanks for your insights on ECs

@savvyericchiew

6 ай бұрын

Thanks Pigu! Have a great weekend!

Thanks for the great video Eric... I am just wondering how does adjusting the income ceiling help people to buy EC .. Like how many young couples out there actually have a combined income of 18k when they just started working not too long ago...

@savvyericchiew

5 ай бұрын

Actually you are right too! Should increase MSR instead 👍

Hey Eric, newbie question: you mentioned at 4:24 in your example that “Total Commitment cannot exceed 25% of income” (ie 4k). Isnt this the same as the 30% MSR, but for this case it’s 25%?

@savvyericchiew

4 ай бұрын

Its the same 30% MSR as long as you don’t exceed 4k of commitment 👍

Your Tenet exit price got revise upwards anot? Previously you said make 400psf only this one seems much higher though starting higher also

@savvyericchiew

6 ай бұрын

No one knows the market when Tenet MOP. Hopefully is higher 🥂

at 3:44 , not bad. look like the front view of the imperial star destroyer from star wars LOL

@savvyericchiew

6 ай бұрын

Nice!

Thank you

@savvyericchiew

6 ай бұрын

🥂

Waiting, ... (Just becz previous ECs made Huge money, There is no guarrenty that the trend will continue). Will wait whether your sharing align with mine or ? 😅 Waiting

@savvyericchiew

6 ай бұрын

I have other views of EC in this video

Good videos! If buying 4 or 5 bedders for own stay for next 5-10 years. Currently 49 yr old, time is not on me😢. If between Lumina vs Tampines st 62 EC - Will Lumina have higher upside?

@savvyericchiew

6 ай бұрын

No point going to EC. You will be 57 when MOP. Consider condo if you plan to to achieve 2 condos and retire in style 😎

@Rachel-km7jl

6 ай бұрын

Noted, thanks for the advice

@kelvynchin1968

5 ай бұрын

Rachel - IMHO...on paper, lumina more upside potential since tengah is brand new estate and a lot of hype on it. also the ACS factor. Tamp St 62 is matured estate. What I don't understand is why would a westie consider east, (or eastie consider west side)? why not buy where you will be happy living at? Lumina and TSt62 location is very different! If say all your friend and family is in tampines, then you go stay tengah for 10 years?

Hi Eric Great Review ! Seems like Lumina is not the only EC launching in 2024 xD , will you do a review for upcoming Tengah Plantation EC (The Novo Place) ?

@savvyericchiew

7 күн бұрын

Yes I will 🙌🏼🙌🏼

Man, you and your wife are spot on on the take up rate, mid point of the 50% and 55%😂

@savvyericchiew

5 ай бұрын

I won since I’m closer! 😂

Hi Eric new couple here having just under 16k combined working full time only for 2 years now… we r not sure if getting a EC like lumina or a new condo like the myst or even resale condo is a better option for us…. What are your thoughts? Cos EC cash downpayment quite high..

@savvyericchiew

2 ай бұрын

Buying new EC is like buying landed property now 😢 You can consider resale condo for a start 👍

Enjoy your holiday!

@savvyericchiew

6 ай бұрын

I’m back! 😆

Eric Guru... Wanna ask u if can buy a 3 bedder former ec that has been privatised... Am aimin for Tampines Trilliant in abt 4 yrs... Wat r ur thoughts? It will be privatised in 3 years hence I am thinkin... Thank u!

@savvyericchiew

5 ай бұрын

Why 4 years later?

@sureshkumar954

5 ай бұрын

Need to wait for my HDB to reach its MOP... Hahah 😊

@savvyericchiew

5 ай бұрын

@@sureshkumar954 should have bought it before you went ahead with HDB 🥲

Bro, you should give another example for a self-employed person like me. The max income capped for me is $11,200 (which is 70% of $16,000), not $16,000. Can you imagine how much upfront cash I need to buy an EC now for family purposes?

@savvyericchiew

3 ай бұрын

You can buy landed with that kind of Downpayment already 😆😆

55%, 50% very accurate!! i bought a unit .

@savvyericchiew

5 ай бұрын

Congrats!!

@jadechen9614

5 ай бұрын

​@@savvyericchiew thanks, my balloting number was very very bad, struggled to choose a unit. as we own a HDB ，also first timer, and EC may be a safer choice.

@savvyericchiew

5 ай бұрын

@@jadechen9614 why didn’t you consider to go straight to condo?

@jadechen9614

5 ай бұрын

​@@savvyericchiew feel it's less chaotic as don't rush to sell our HDB, and DPS makes it more affordable.

@savvyericchiew

5 ай бұрын

@@jadechen9614 noted! 👍

Hi Eric, is it worth it for first time property owner to buy lumina grand even though there is lesser flexibility due to 5 years mop?

@savvyericchiew

6 ай бұрын

Actually if the couple is doing well, just go straight to condos. There’s a lot of amazing things you can do in that 8-9 years of waiting.

Eric, Singapore’s property market is going to peak soon and it will become a Buyer’s market eventually. No doubt EC will still make money, but will condos still make money? Condo prices actually dropped from 2013 to 2019…

@savvyericchiew

5 ай бұрын

Yes condos make money even from 2013 to 2019. You won’t lose, just make lesser 👍

@anonymousman9824

5 ай бұрын

@@savvyericchiew is it a good idea to hold on to my existing newly TOP condo and buy a resale freehold a few years later when its the buyer’s market? Doing this as I want to enjoy my new house and dont want to pay ABSD

@savvyericchiew

5 ай бұрын

@@anonymousman9824 what is your current condo size and location?

@anonymousman9824

5 ай бұрын

@@savvyericchiew kent ridge hill residences penthouse 1400 sqft, was supposed to move in, but since my agent manage to fetch 10k rental, i move to my parents jumbo hdb, i like the house a lot, super good environment and big

@savvyericchiew

5 ай бұрын

@@anonymousman9824 you have done well with leasehold condo, continue and don’t go into freehold unless is landed

Thank you for your video in time and we gave up not buying! 😆

@savvyericchiew

6 ай бұрын

Hope you have a great plan moving forward!

@tiffchua86

6 ай бұрын

What would you recommend for $400k cash and $300k CPF on hand?

@savvyericchiew

6 ай бұрын

@@tiffchua86 do this up tinyurl.com/savvyasset and forward to bit.ly/savvywa, i will advise from there

Eric thats suite in SQ

@savvyericchiew

6 ай бұрын

Birthday treat from wifey 🤩

Eric, why do you say MOP of 8, 9 years in this video, and in Altura and Copen Grand as well? What’s the significance of 9 years for EC? I know ECs can be sold to Singaporeans after 5 years and to foreigners after 10 years, but 9 years? Please help to enlighten me. Thanks.

@savvyericchiew

5 ай бұрын

3-4 years to build + 5 years MOP before you can own 2 properties 🥂

Doing hill @ one north review?

@savvyericchiew

5 ай бұрын

Should be 👍

Gahmen need to wake up their idea regarding income ceiling 😂

@savvyericchiew

6 ай бұрын

Should be changing soon 😆

Thank u u the best sir

@savvyericchiew

6 ай бұрын

You the best for watching! 😎

bro your website still states 1.5% fixed rates for home loans. zhun bo!?

@savvyericchiew

5 ай бұрын

Sorry I haven’t update yet 😢 Lowest is 2.95%

👍

@savvyericchiew

6 ай бұрын

🙏🏼

Bryan cfm song one

@savvyericchiew

6 ай бұрын

Bryan? 😆

@fabianquak7552

6 ай бұрын

@bryanlee9276

@fabianquak7552

4 ай бұрын

@@savvyericchiew bryanlee9276 confirm song one

This is why application rates for PLH BTOs are rock bottom. Because of the 10-yr MOP period. 😄

@savvyericchiew

5 ай бұрын

I guess is part of the reason too 👍

Tengah no airplane noise meh?

@savvyericchiew

6 ай бұрын

Should have since I fly past 😂

PM

i thought natural sound you will play toilet music

@savvyericchiew

6 ай бұрын

I don’t have the video clip 😂

Everyone knows ACS is building an empire, and furthermore, everyone pumped donations to get 2 ACS exclusive club bro.... And, those goon property developers are speculating the area, 2 be fair lah!!! Juz coz ur kids get 2 ACS Primary does not confirm one-way ticket to ACS IB or ACJC bro... Besides, Eric Chiew did not attend ACS Tengah rite???? And, how many ppl from ACS Secondary from ACS Pri!!!!

@savvyericchiew

6 ай бұрын

I never attend such a atas school 😆

@rei151

6 ай бұрын

What do u mean by they are building an exclusive club? Acs pri affiliated to acsi which is affiliated to acjc. So why nt guaranteed? The path is 80% fixed

@corellianjedi2483

6 ай бұрын

@reichhr actually kinda fixed coz barker ez to get in juz the acs ib cut off still v high bro

@corellianjedi2483

6 ай бұрын

@rei151 but jc kelong shop how kelong bro...

@corellianjedi2483

6 ай бұрын

@rei151 like everyone said, ac for the rich and powerful, like harvard for the richest n powerful

Sure lose money unless govt change the ceiling

@savvyericchiew

6 ай бұрын

Won’t lose since need to hold for 8-9 years

Hahaha. Seems like sinkies believe buy property sure make money. Cmon, it’s a musical chair. The music has to stop one day.

@savvyericchiew

6 ай бұрын

Will still make but EC takes 8-9 years due to MOP