How I Helped My Clients Find Resale Condo Units With Up To
$80K-$100K 'Discounts'
That Gave Them Returns of Up To $300K in Just 3 Years…
...and use it to build capital for their retirement using the tried-and-tested 3-Step JUMP System!
How I Helped My Clients Find Resale Condo Units With Up To
$80K-$100K 'Discounts'
That Gave Them Returns of Up To $300K in Just 3 Years…
...and use it to build capital for their retirement using the tried-and-tested 3-Step JUMP System!
Example 01
A HIGH-FLOOR unit at High-Park Residences at the same price as a unit 2 floors below - and today the owner made $346K in profit!
Example 02
A 4RM condo unit with
150% appreciation
in just 2 years!
Example 03
A unit 3 floors higher (with the same view) for
$50K cheaper
at Livia Condo!
Example 04
A better unit at 1 floor higher for $110K cheaper
at Riversound Residence!
✅ Example 01
✅ Example 02
A HIGH-FLOOR unit at High-Park Residences at the same price as a unit 2 floors below - and today the owner made $346K in profit!
A 4RM condo unit with 150% appreciation in just 2 years!
✅ Example 03
✅ Example 04
A unit 3 floors higher (with the same view) for
$50K cheaper
at Livia Condo!
A better unit at 1 floor higher for $110K cheaper
at Riversound Residence!
Watch To See What I Mean
Over the past 12 years, I've had a 100% Success Rate helping hundreds of families and investors enter the market favourably & seeing a profit.
CLIENT CASE STUDY:
83% Return on $146K in Just 3 Years!
When this client first came to me, she was 26 years old with $150K savings in the bank
No idea what to invest in to grow her wealth
I did some research and found a great deal - a 1BR resale unit at Kingsford Waterbay going at $585,000
That means a $146,000 cash downpayment
And she rented it out at $2,000/month - which covered her monthly mortgage
After 3 years, she sold it at $730K
Taking back sales proceeds of $268K! (83% ROI)
CLIENT CASE STUDY:
83% Return on $146K in Just 3 Years!
When this client first came to me, she was 26 years old with $150K savings in the bank
No idea what to invest in to grow her wealth
I did some research and found a great deal - a 1BR resale unit at Kingsford Waterbay going at $585,000
That means a $146,000 cash downpayment
And she rented it out at $2,000/month - which covered her monthly mortgage
After 3 years, she sold it at $730K
Taking back sales proceeds of $268K! (83% ROI)
First of All, Why Resale Condos?
Here’s the thing - most Singaporeans believe that New Launches tend to appreciate the most after TOP.
But what most people overlook is that Resale Condo owners have also made a lot of profits in the last few years.
Proportions of gains and losses
(Source: https://stackedhomes.com/editorial/do-new-launch-condos-really-make-more-than-resale-heres-what-3612-transactions-over-the-past-5-years-say/#gs.qinrxg)
The table above shows a breakdown of all 3,612 private property transactions, based on URA transaction records over the last 5 years.
Note that 91% of all Resale transactions (Resale to Resale) were gains. This is a higher proportion than new launches that sold after TOP (91% vs 89.8%).
Comparing quantum of gains and losses
(Source: https://stackedhomes.com/editorial/do-new-launch-condos-really-make-more-than-resale-heres-what-3612-transactions-over-the-past-5-years-say/#gs.qinrxg)
And, if you refer to the 2nd table, Resale transactions saw higher average gains ($225,959) compared to New Launches ($161,364 - $186,166)!
Plus, if we add to the fact that:
Resale Condos are usually more affordable compared to New Launches
You don’t have to wait years until TOP to move in
You got plenty more options to choose from
You can find more deals in Resale Condos that you can’t in New Launches
Possibility of en bloc (although rare)
We can see why Resale Condos should not be overlooked.
But before you go out and buy the first Resale Condo you see, it’s important to know that the downside to buying Resale is Managing RISKS.
Over the past 10 years, I’ve seen people making losses up to $300K from choosing the wrong condo because of the 3 Risks of Resale:
Wrong entry price
Wrong location
Wrong unit choice
So if you want to know how I can help you mitigate these risks for your next condo purchase, read on to find out more.
Let me help you Find The Right Resale Condo at your budget, with the best profit potential... Without the RISK!
HOW-TO:
Here's My 3 Step Method to Consistently Help Home Buyers Find the Right Resale Condo & Earn Up To $300K Returns in 3 Years
#1. Getting In At A Good Entry Price
The first thing we need to look out for when buying a property today is the entry price.
This affects how much profit you will make when you sell the place - if you bought at the wrong price, then selling it in the future with a decent profit will be extremely tough.
However, most people only look at their budget to judge the price of the property they want to buy and often overpay as a result.
Resale condos are special because there's one additional data point we can refer to help with this - the original buying price of the previous owner.
Let's take a look at how this works in a case study:
Case Study: Gem Residences (TOP 2018)
Take a look at these 2 recent purchases for this Resale Condo in Toa Payoh. Notice anything strange?
(Source: squarefoot.com.sg)
How was the "12 May 2021" buyer able to secure a higher floor unit (#15-XX), at $45,000 cheaper than the "8 July 2021" buyer, who paid more for a lower floor unit (#10-XX)?
This is what I mean by resale 'discounts' - and this is one method I use to identify potential discounts.
Let's dive deeper into the previous transactions of the previous owners (the sellers) - how much did they pay for their units?
(Source: squarefoot.com.sg)
Now, the answer is revealed!
We can see that the previous owner of unit #15-XX bought it earlier and cheaper in 2016, at $1,736,000. The previous owner of the other unit bought it more than $100K higher, in 2018.
This meant that first owner made more profits, even when he sold it at a lower price!
This reveals a key criteria when buying resale condos - looking at the margins of the previous owners, and how their purchase history can actually point us towards a good entry price.
This case study illustrates just one method to identify good entry prices. Note that there are other factors to consider like surrounding property prices, appreciation potential, developments within the area and even cases where there's more than 1 previous owner (for older condos).
But what's clear is that by locking in the right entry price, your upside potential is much more secured.
Over the years, I've perfected both my research knowledge and negotiation skills, so I can identify exactly which unit makes sense to buy, and help negotiate for deeper 'discounts'.
Here are some examples of discounted units I secured for my clients in recent years:
A unit in Livia Condo at $50K cheaper than a unit 3 floors below, with the same view
A unit in Riversound Residence at $110K cheaper than a unit 1 floor below
A high floor unit in High Park Residences at the same price as a unit 2 floors below - which later allowed my client to sell for $346K profit!
Client Case Studies
Made $110K Profits From Their First Investment Property!
2 sisters who wanted to combine their savings to invest in property
Found a 1BR resale condo for $700K
Monthly costs = $2030 ($1550 interest + $230 maintenance + $250 tax)
Rented out for $3100/month
Earns $970 rental profit every month
5 years later, condo now sitting at $750K
Current profits = $110K
Bought The Right Unit And Made Almost $700K in Just 3 Years!
2019 - wanted to buy a Condo for ownstay
Advised them to buy a 5BR unit at $1.9M, and not a 3BR unit that they originally planned
2022 - the unit appreciated to $2.6M!
With cash proceeds of more than $1M, they're looking to upgrade to a Freehold CCR property
Helped them to identify the right 4BR unit in CCR to continue growing their wealth
Client Case Studies
Made $110K Profits From Their First Investment Property!
2 sisters who wanted to combine their savings to invest in property
Found a 1BR resale condo for $700K
Monthly costs = $2030 ($1550 interest + $230 maintenance + $250 tax)
Rented out for $3100/month
Earns $970 rental profit every month
5 years later, condo now sitting at $750K
Current profits = $110K
Bought The Right Unit And Made Almost $700K in Just 3 Years!
2019 - wanted to buy a Condo for ownstay
Advised them to buy a 5BR unit at $1.9M, and not a 3BR unit that they originally planned
2022 - the unit appreciated to $2.6M!
With cash proceeds of more than $1M, they're looking to upgrade to a Freehold CCR property
Helped them to identify the right 4BR unit in CCR to continue growing their wealth
#2. Choosing the RIGHT location at the RIGHT time
Everyone knows the most expensive properties are found in the CCR, followed by the RCR and OCR:
(Source: stackedhomes.com)
But we need to look beyond just price - we need to look at price trends of the entire market. Sometimes, an “expensive” unit in CCR can actually be of more value than a “cheaper” unit in OCR.
Let's take a look at a case study comparing recent prices between CCR and OCR:
Case Study: CCR vs OCR Condo Prices
Freehold price trends
(Source: URA)
You can see that back in 2019, there was a $2000+ PSF price gap between CCR and OCR condos. This gap has shrunk to almost $800 PSF after 2022.
This means that OCR properties provided better value (more 'bang for buck') back in 2019, but I would argue that today, it makes more sense to buy a CCR condo.
That’s why when I was looking to buy a condo in 2019, I took one look at the wide price gap, and chose a condo in Tampines (OCR). I bought it at $1.29M.
Today, that condo has appreciated more than $400K to $1.7M - and guess what - this year I'm going to sell it and buy a CCR condo next.
Everyone knows location is a major factor in property investment. But it's not just about convenience or a central location.
Picking the right location requires both knowledge and foresight. Get it right, and your property will naturally enjoy good capital appreciation.
This research is an important part of what I do for my clients to identify the right location to invest in, at the right time.
#3. Choosing The BEST Unit In the BEST Development
Here’s the thing - not all similar condos in the same area are equal.
Even somewhat more surprising is that even similar units within the same condo can have very different price performances.
Let’s look at this case study when my client asked me to help her choose between 2 side-by-side condos in Punggol:
Client Case Study: Treasure Trove vs Watertown
My client approached me in July 2022 with the goal of finding the right Condo with her small budget of $1M.
We narrowed it down to 2 units in 2 projects - both going at $900K:
1BR + Study unit in Watertown
2BR unit in Treasure Trove
I did my research and the decision became clear. I told her to get the 2BR unit in Treasure Trove.
Fast forward to today - I was right. The 2BR unit is now sitting at a valuation of $1.1M and she's now sitting on an appreciation of $200K.
And, the 1+S unit? It's stagnant at the SAME price.
If she had bought that instead, sure, she wouldn't have lost money - but she would have lost the opportunity to earn $200K at no extra cost!
Every resale works differently - a lot of research needs to be done in order to find the best unit in the best condo, all the more so when resale prices are sky high today.
Some of the factors I look at when researching a unit includes:
Unit type
Unit size
Layout/Floorplan
Where it's facing
Future demand/supply in the area
Floor
Past transaction history
Future developments
(and more)
About Me
Hi there, it's Joel from Save With Property! I've been in the Real Estate industry for over 12 years now, and now own 2 properties myself.
Here's my property journey so far:
2019: Sold my first HDB for $480K
2019: Upgrade to $1.29M Condo @ Tampines
2019: Staying in Paya Lebar (near to my kids' schools)
2023: Looking to sell Tampines Condo now worth $1.7M
Next: Looking to upgrade to a $2.9M CCR condo
I've been in the industry since 2011, and as an avid property investor myself, my passion lies in numbers and helping my clients see the complete picture.
I focus on the sound progression of property ownership, and I love helping others realise that they are ALREADY financially capable to make the upgrade.
By using my unique framework, I'm happy to say I've helped 100% of my clients to enter the market favourably, with every single unit they bought seeing a profit.
Hear What Some Of My Clients Have to Say About Me
"At first we were really unsure but decided to just hit the send button and chat with him to see what we can find out before meeting him. What followed was a responsive and information-filled conversation which led me to re-think my options.
His knowledge and analysis led us to secure a good project to invest in, and at the same time also planned a long term road map for us.
I am now confident of reaching my financial goals with all these sound plans in place. Will surely recommend him to all who are looking to advance in lifestyle"
Mr. Jeremy Wong & Family
"We have been trying to sell our 4-Rm HDB, wanting to upgrade to an Executive Maisonette. My husband and I went to view one with Joel but Joel offered to do a thorough calculation and to our surprise, we realized that jumping into an EM may do us more harm than good.
After he planned carefully, we realized we can actually afford a Private Condominium comfortably and still have cash for rainy days. We are glad to have met Joel, who is dedicated to his cause in helping his clients achieve a better lifestyle.
Definitely my go-to if anyone were to ask me about property related matters."
Eve & Sebastian
Hear What Some Of My Clients Have to Say About Me
"At first we were really unsure but decided to just hit the send button and chat with him to see what we can find out before meeting him. What followed was a responsive and information-filled conversation which led me to re-think my options.
His knowledge and analysis led us to secure a good project to invest in, and at the same time also planned a long term road map for us.
I am now confident of reaching my financial goals with all these sound plans in place. Will surely recommend him to all who are looking to advance in lifestyle"
Mr. Jeremy Wong & Family
"We have been trying to sell our 4RM HDB, wanting to upgrade to an Executive Maisonette. My husband and I went to view one with Joel but Joel offered to do a thorough calculation and to our surprise, we realized that jumping into an EM may do us more harm than good.
After he planned carefully, we realised we can actually afford a Private Condominium comfortably and still have cash for rainy days. We are glad to have met Joel, who is dedicated to his cause in helping his clients achieve a better lifestyle.
Definitely my go-to if anyone were to ask me about property related matters."
Eve & Sebastian
Make an
appointment now
This is NOT a one size fits all solution. Everyone has their own financial situation, needs and goals. In order for it to work for you, it needs to be customised specifically for you.
Book a FREE call (zero obligations, no selling) with me today so I can map out your Resale Condo plan to $2M value, and receive the following:
The Resale Condos in the market today with potential $80K-$100K discounts
the right Units & condos That Can appreciate Up To $300K After 3-5 years
Planning your financials so you don’t overpay when buying a Resale Condo in today’s market
Your property growth roadmap to help grow your wealth to $2M for retirement
Make an
appointment now
This is NOT a one size fits all solution. Everyone has their own financial situation, needs and goals. In order for it to work for you, it needs to be customised specifically for you.
Book a FREE call (zero obligations, no selling) with me today so I can map out your Resale Condo plan to $2M value, and receive the following:
The Resale Condos in the market today with potential $80K-$100K discounts
the right Units & condos That Can appreciate Up To $300K After 3-5 years
Planning your financials so you don’t overpay when buying a Resale Condo in today’s market
Your property growth roadmap to help grow your wealth to $2M for retirement