Afleveringen
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Melvin Lim, Joan, and Yong Zhun from PropertyLimBrothers talks about the Winter season of lifeâassociated with retirementâbut letâs look at it as a time for freedom, opportunity, and sharing wisdom. Learn financial planning and real estate strategies designed to help you overcome the complexities of the retirement season.
Today, they discuss how property ownership impacts financial freedom, why Singaporeâs real estate market attracts high-net-worth individuals and foreign investors, and the role population retention plays in shaping property values. Understand into the importance of early retirement planning, understanding income streamsâclassified into active, passive, or asset-basedâand mastering the art of transitioning seamlessly into this pivotal stage of life.
Hear real-life stories and practical advice that shed light on why jumping into investments out of FOMO can backfire, while tackling the risks and rewards of the real estate market. Gearing up for your Winter season or already living in it? Tune in to this episode now and learn the strategies to make data-driven choices and redefine retirement in your own way!
Timestamps
00:00 Intro00:40 Introduction on the Winter Season02:03 Ideal retirement age06:27 Melvin's client story10:06 3 Types of Incomes15:03 Introduction of Autumn Season persona (Peter and Lucy)15:19 Typical property ownership timeline (up to autumn season) and options for winter season23:25 Typical cost of living of a winter season couple25:55 Financial and property buying tips for winter season30:15 Investment risk appetite assessment and investment advice34:06 Cashflow Quadrant guide38:26 Investment risk appetite of the different seasons40:31 Property ownership anxiousness: Own stay vs Investment42:22 Melvin's investment timeline methodology44:17 Property ownership anxiousness (continued)47:48 Winter season case studies55:01 Different ways to divest57:26 Winter season case studies (continued)59:05 Statistics: "Top countries and territories gaining and losing millionaires in 2023"1:02:17 Why are millionaires and foreign investors attracted to Singapore?1:05:07 CCR vs RCR vs OCR1:05:19 Increase in ABSD for foreigners (why it happened and how to improve it)1:10:32 Final thoughts on winter season1:14:32 Outtakes
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Myths and misconceptions often hold buyers back in Singaporeâs property market, leaving many unsure of how to maximise returns or navigate rising costs effectively. This week on Nuggets On The Go, Melvin Lim, George, and Yu Rong from PropertyLimBrothers explore deep into the strategies that help investors and upgraders navigate key decisions.
They talk about the impact of âcoordinated psychologyâ in new launches, the importance of harmonised floor plans, and why focusing on quantum over PSF can lead to better investment outcomes. They also discuss practical challenges such as saving for down payments, managing the resale versus new launch debate, and reframing monthly instalments as âforced savingsâ for HDB upgraders. Tackling whether fully paying for property is the best move, the episode provides insights into balancing financial commitments with long-term returns.
Learn about the alternative strategies for buyers, practical financial planning approaches, and the impact of shifting interest rates on Singaporeâs property market. All these and more on this episode!
Timestamps
00:00 Intro00:57 âWhat is Herd Mentality?â02:04 âWhy do people buy into New Launch?â03:44 âWhich New Launch should I buy for the most capital appreciation?â08:25 âShould you fully pay for their property without loans?â11:39 New Launch vs Resale15:45 âWhat is the fastest way for new buyers to save up for a down payment on a New Launch?â20:54 âShould you keep your HDB or upgrade to a Condo?â28:25 âCan you upgrade to another property in your Winter Season?â34:06 A lot of projects TOP in 202734:55 Part 2 Teaser35:24 Outtakes
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Zijn er afleveringen die ontbreken?
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Jointly buying a property with a friend in Singapore can feel like a creative solution to rising pricesâbut is it the right move? In this second part of NOTG banter between George, Alexa, and Yong Zhun from PropertyLimBrothers, they explore the complexities of co-ownership, using buyer persona Lauraâs journey as a case study. As a 37-year-old single HR manager earning S$8,500, Laura considers co-buying with a friend to navigate affordability challenges.
They break down essential considerations, from CPF utilisation and loan eligibility to the legal frameworks of Joint Tenancy and Tenancy-in-Common. George, Alexa, and Yong Zhun highlight how these structures affect ownership rights, exit strategies, and inheritance. Real-life examples illustrate the risks of misaligned expectations, from en bloc disagreements to personal changes like marriage or career shifts.
Stay tuned for insights into financial planning, and an analysis of how interest rate changes impact Singaporeâs property market and how it may impact property buying with friends.
Time Stamps00:00 Intro00:38 Introduction of persona (Laura)00:50 Persona profile03:05 Rationale behind buying a home with a friend05:50 Options for Laura07:00 Concerns of buying with a friend10:00 George's client case study12:57 Concerns of buying with a friend (continued)17:08 "Would you buy with a friend and is it worth it?"20:43 Advice for Laura22:20 Financial calculations for Laura23:19 Advice for Laura (continued)25:16 Non-landed Private Price statistics26:18 Advice for Laura (continued)27:18 Financial calculations for Laura (continued)30:11 Property Recommendations for Laura31:30 Financial calculations for Laura (continued)33:44 How news and the media impacts buyer decisions34:28 Article: Fed rate cuts during the "Great Recession."35:28 Final thoughts and recap36:57 Outtakes
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This episode of NOTG references Ian and Grace, a married couple in their late 30s with a clear goal: to invest in multiple properties and assets. Like many investors at this stage, they face challenges such as rising interest rates, uncertainty about timing, and a lack of clarity on their next steps.
George, Alexa, and Yong Zhun from PropertyLimBrothers dives into strategies tailored for those aged 35 to 45 with high earning power. They talk about essential in-and-out strategies to unlock capital growth while tackling todayâs market challenges critical considerations for property investment, from assessing financial readinessâloan amounts, income, mortgage terms, and MCST costsâto balancing needs and wants.
Plus, find out what are the red flags to watch out for to avoid costly mistakes. Boost your confidence in property investment decisions. Tune in for thoughtful strategies, real-life examples, and expert frameworks designed to elevate your property journey!
Timestamps00:00 Intro00:51 Real estate buying seasons01:47 Summer season recap02:26 Introduction of personas (Ian & Grace)04:57 Estimated TDSR/MSR values (and options) for Ian & Grace06:17 Recommendations for Ian & Grace12:02 Jurong area developments16:19 Punggol/Seng Kang area developments18:19 Property options for Ian & Grace in the Jurong area22:32 Property options for Ian & Grace in the Punggol/Seng Kang area25:44 Financial calculations for Ian & Grace32:54 Buy 2 resale vs buy 1 new launch36:33 Financial calculations for Ian & Grace (continue)38:14 Alexa's client case study40:02 Calculations for new launch41:15 Alexa's client case study (continue)42:20 Things to take note before buying into a property (sudden changes in your life, economy and policy)43:27 Other investment options and investment tips55:29 Non-landed Private Historical Price Index graphs1:00:06 "Buying the Wrong Property"1:02:21 New Launch vs Resale1:04:36 Own Stay vs Investment1:07:09 Closing Statements1:10:45 Part 2 Teaser1:11:23 Outtakes
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Internet sensation Kelvin Tan, more popularly known as Mayiduo, has an entrepreneurial journey that is an inspiring story of grit, growth, and unwavering vision. Leaving behind a traditional career path in ACCA to pursue his passion, Kelvin has built three thriving businesses, now earning $10 million in revenue.
In this episode of the NOTG Podcast, Melvin Lim from PropertyLimBrothers chats with Kelvin about his resilience and journey of self-discovery as an entrepreneur, filmmaker, and visionary behind EL Print, SG Interior Design, and Double Up Media. Learn how failures became Kelvinâs greatest mentors, shaping his mindset and teaching him invaluable lessons about leadership, communication, and perseverance. Kelvin will also share about the upcoming regulations and accreditations surrounding interior designers, and what he thinks about ID firms that disappear overnight.
Hear how he aligns his career with his personal mission, fostering creativity and pursuing his aspirations in filmmaking and the Southeast Asian movie industry. All these and more on this episode of NOTG!
Time Stamps
00:00 Intro00:33 Mayiduo's education history02:45 Advice for young entrepreneurs05:30 Sustainable Success06:24 Importance of specializing and honing in on your skills (Traits that lead to success)07:47 Most important skill for success09:06 Toughest challenge of being a business owner10:32 Most rewarding part of being a business owner11:45 "Which of your 3 businesses are you focusing on the most now?"12:24 Globalisation and its impacts on the apparel printing industry13:24 Importance on being flexible with your business14:16 "What did you learn about the market after owning multiple businesses?"16:23 Mayiduo's journey in the renovation business17:11 How to overcome the fears of starting a business18:59 Mayiduo first viral video19:53 Current status on his renovation business (Current projects, employee count, etc)22:12 "How does it feel to hand over a company?"23:32 "What is the renovation industry like in Singapore?"24:39 Interior Design Accreditation25:39 Issues with Singapore's renovation industry27:45 How to choose an Interior Design firm28:45 "What is one memorable case study that you have?"30:16 Struggles of Interior Designers31:57 Interior Designer's payment model32:38 Struggles of Interior Designers (continued)34:07 "How do you encourage, motivate and reward your employees?"36:09 Mayiduo's future plans (New film, personal life plans)36:58 "Southeast Asian Film industry is untapped."37:25 Mayiduo's plans to tap into the local film industry39:37 "What helped you to becoming a film director?"41:44 Final advice for aspiring/young business owners45:57 Q&A: "What is one advice you would give to your younger self?"46:28 Q&A: "In what ways do your career align with your mission in this world?"46:57 Outtakes
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This week, Melvin Lim, Co-Founder and CEO of PropertyLimBrothers, speaks with Tay Chi Keng, a finance YouTuber renowned locally for his thrifty investment philosophy.
Chi Keng started creating finance content during his university days over three years ago and quickly built a name for himself with his sharp analysis and bold plays in the Chinese tech market. Whatâs the secret to his success? Simply to: âBuy cheapâ. Heâs got strong opinions on bonds (spoiler: not a fan) and shares the importance of building networks and spotting signals to make confident moves.
Melvin brings his real estate perspective into the mix, contrasting Tayâs stock market manoeuvres and how property popularity plays into successful investments. Get ready for a blend of finance talk and invaluable lessons that will reshape how you think about investing. Find out what Chi Keng thinks of the stock marketâs future as well.
Timestamps:
00:00 Intro00:52 Why finance content?04:30 All intelligent investing is value investing08:28 How to hunt for your next stock investment12:22 Gut feeling to invest13:35 Does the popularity of the stock matter?15:06 All in investing18:50 Losing to inflation21:49 Seasons of investing in a life cycle22:19 Are cash being eroded?23:02 Losing money in investments27:32 Why invest in China?39:04 Cashing out of China stocks42:44 Prediction to the stock market next year45:54 Timing your investment48:10 Full time content creator?52:31 Stop creating content?53:23 AI stocks / NVIDIA Stocks01:00:48 Friends asking for investment advice01:03:05 Plan towards age 3001:06:15 Share buyback01:08:08 First stock / Future business plans01:09:34 Experience losing money01:12:04 If time and money is not a concern01:13:27 Outtakes
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In this episode, Melvin Lim, Co-founder and CEO of PropertyLimBrothers, sits down with Chris Chong, the force behind @HoneyMoneySG. From a corporate career to a full-time content creator, Chris has taken a unique path to share valuable insights on personal finance and CPF.
Since starting his YouTube channel in 2021, Chris has since built a dedicated following with his straightforward takes on money matters, especially how to maximise CPF for a secure financial future. Chris and Melvin discuss what it takes to grow your income strategically, use CPF for investments, and overcome limiting beliefs that can hold you back. Chris also gives practical advice on channel monetisation and shares the critical steps he believes are essential for financial freedom.
Hear what Chris has to say about investing in property and self-improvement as the ultimate ways to tackle inflation head-on. Learn why personal finance is more than just numbersâand how to make your money work smarter for you!
Timestamps:00:00 Intro01:41 How HoneyMoneySG started05:22 Career transition from Finance to Logistics06:57 Making videos about CPF11:47 Reducing expenses13:10 CPF investing16:43 Benefits about moving to Malaysia23:50 5 year plan24:20 Mindset about money27:45 Investing to memories32:08 Monitising HoneyMoneySG YouTube channel35:18 Financial Independence, Retire Early (FIRE) Retirement40:25 Ideal retirement47:38 Fighting inflation51:21 One of the best investments53:03 Burn out56:22 Quiting to pursuing a career in YouTube59:10 Meaning of current work01:01:08 Recent goals01:02:26 Sharing milestones01:03:11 Closing thoughts01:04:05 Outtakes
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Jesley, Alexa, and George from PropertyLimBrothers talks about the essential strategies specifically for HDB upgraders like John and Michel, and continues on the search for their right property.
This young, ambitious couple is eager to grow their wealth by moving into the condo marketâbut with big investments come big decisions, and theyâre understandably cautious about the risks. Learn why supply, demand, and property age are essential factors when scouting for your ideal condoâand donât miss Georgeâs personal advice if he were in John and Michelâs shoes!
The team also discuss why timing is crucial for upgraders, what to keep in mind when choosing a property. and compare investments in stocks vs real estate. Packed with real-life examples and expert advice, this episode is also your guide towards making the best possible real estate decisions.
Timestamps :
00:00 Intro00:37 John and Michel Introduction01:59 Real Estate âHorror Storiesâ04:09 Investing in stocks vs real estate08:16 Motivations to upgrade to a condo in your 30s08:48 Financial planning for John and Michel11:55 Georgeâs Punggol HDB Sale14:25 Things to consider before upgrading from HDB to Private16:16 Georgeâs Punggol HDB Sale (Continue)16:26 Expansion Phase vs Consolidation Phase17:05 Advice to John and Michel19:02 New Launch vs Resale Condo21:04 GFA Harmonisation21:25 What is the âbestâ New Launch to buy right now?22:07 New Launch vs Resale Condo (Continue)23:03 Advice to John and Michel (Continue)24:44 Coupleâs concerns with 99 to 1 property ownership26:52 Advice to John and Michel (Continue)27:57 Closing28:06 Outtakes
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Jesley, Alexa, and George from PropertyLimBrothers talk about the FEDâs 15% interest rate cut could reshape the real estate market in 2025. With the rate reduction aimed at curbing inflation, the property market is buzzing with new opportunities. If youâre newly married, early in your career, and looking to make the smartest property moveâthis episode is for you.
They break down the impact of lower interest rates on property demand, discussing whether now is the time to buy or if waiting is a smarter strategy. Is the resale market about to heat up? How will enhanced housing grants and reduced loan-to-value ratios affect HDB buyers? Through the persona of a young couple, Wayne and Joanneâfresh graduates navigating their first big property decisionâour team answers key questions like: Should you choose a BTO flat or resale HDB? What about a 2-bedroom condo? And how do you make sure your first property sets you up for future capital gains?
With engaging discussions on grants, market trends, and future-proofing your real estate decisions, this episode provides actionable insights tailored for those in the Spring of life. More on this episode!
Timestamps:
00:00 Intro01:25 Article: "Fed slashes interests rates by a half point"03:35 Client's opinions on interest rate cuts05:21 Article: "2 ways the latest fed interest rate cut affects Singaporean homeowners"08:59 Article: "Measures to cool the HDB resale market and provide more support for first-time home buyers"09:28 Thoughts on latest cooling measure10:43 Who is affected by the cooling measure?13:53 Increase in Enhanced CPF Housing Grants (EHG)14:30 Who is affected by the cooling measure? (Continue)18:59 Article: "How would reduced loan-to-value (LTV) limit, larger housing grants affect HDB buyers?"19:58 Article: "Vast majority of HDB buyers not affected by tighter loan-to-value (LTV) limit"21:09 Wayne and Joanne introduction22:12 Advice for Wayne and Joanne42:24 George's life experiences and property buying journey47:41 Advice: "First-time home buyers should take their time and get a second opinion before buying a home"48:19 Alexa's life experiences and property buying journey50:43 3 factors to determine what properties you can buy51:11 Advice: "First-time home buyers should take their time and get a second opinion before buying a home" (Continue)52:20 Teaser for Part 252:52 Outtakes
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This week on NOTG, Melvin Lim, Jun Wei, and Alexa from PropertyLimBrothers take a closer look at two single personasâRyan and Lauraâwho 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 choiceâHDB 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, donât 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 Intro00:54 Melvinâs experiences with co-owning a home03:43 Ryan and Laura introduction03:48 Melvin encourages buyers to own a home under their own name04:07 Discussing Ryanâs profile04:44 Jun Weiâs thoughts on co-owning07:57 Jun Weiâs ideal co-owning plan12:16 Alexaâs thoughts on co-owning13:12 Bidadari Flats resale prices14:09 Downsides of co-owning (one co-owner with CPF, and another without CPF)18:12 Discussing Lauraâs profile18:30 Tips and recommendations for Laura20:21 Lauraâs potential buying plan and home options26:41 Promoting PLB Property Summit 202427:41 Symphony Suites 3-bedder listing and buying plan31:20 Symphony Suites 4-bedder layout33:04 HDB options for Laura and buying plan35:58 HDB vs Condo38:45 Number of Million Dollar HDB Resale transactions39:40 Sengkang HDBs increasing in demand41:55 First million-dollar resale flat in Bedok44:08 Lauraâs potential buying plan (continue)47:18 Ryanâs potential buying plan and home options51:29 Parc Rosewood 2-bedder listing and layout53:36 Norwood Grand unit pricing54:48 Ryanâs potential buying plan (continue)57:43 Alexaâs property journey and tips01:09:52 Promoting PLB Property Summit 202401:11:28 Closing thoughts01:11:58 Outtakes
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Part two of âthe winter personasâ, the Jun Wei, George and Jesley focuses on whether retirees should fully pay off their property or maintain a loan to leverage cash flow. They examine the psychological burden of debt versus the benefits of low-interest rates, and how this decision impacts overall financial flexibility.
By comparing different approaches, they emphasise the importance of retirees having liquid assets for emergencies, travel, and lifestyle choices in retirement, while also reflecting on the need to stay active and engaged to avoid cognitive declineâwhich can be explored through downsizing.
And when it comes to legacy planning, how can retirees transfers to heirs while minimising taxes like Additional Buyerâs Stamp Duty (ABSD)? All these and more on this episode of NOTG!
Timestamps:00:00 Intro00:59 Alan & Justina introduction (Winter season)04:19 Fully pay a property in your retirement age?08:02 George's dream retirement life08:52 Cash flow is king11:54 All kids moving out and you stay in a landed13:38 Advice for Alan & Justina22:49 LTV dropped by 5%25:27 Income cap for resale HDB?26:36 Legacy planning32:57 Retiring young33:47 Jun Wei's dream retirement life34:58 Wealthy and happy?36:36 Different economy39:39 Upcoming new personas39:54 Buying a property with your sibling/friends42:52 Closing thoughts46:44 Outtakes
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In this episode, Jun Wei, Jesley and George from PropertyLimBrothers introduce a fresh series that brings property investment strategies to life through personas representing different stages of life and risk tolerance. They spotlight on the âAutumnâ and âWinterâ personas, designed for older, more cautious individuals. Through the example of Peter and Lucy, a high-income couple in their 40s, we see how their investment approach starts leaning toward stability and future planning.
With Peter and Lucy as the case study, they highlight key aspects like income levels, mortgage strategies, and the importance of staying within safe borrowing limits. They also tackle the balance between financial security and property appreciation, focusing on choosing the right property for their future.
The trio lays out Peter and Lucyâs options in areas like Bukit Timah, with decisions based on school proximity, budget, and long-term goals, including a break down of their loan amounts and monthly payments to their quantum play potential for investment flexibility. The search for Peter and Lucyâs ideal property is focused on future-proofingâhow cooling measures, CPF retirement sums, and the luxury rental market impact property choices for those planning beyond retirement. Find out what works best for them. If this persona fits you, this episode is not to be missed!
Timestamps:00:00 Intro01:50 4 seasons recap03:58 Peter & Lucy profile (Autumn season)08:05 Talking about desires09:57 Advice for Peter & Lucy16:15 Purchase options19:46 Needs vs wants25:05 Regulation for school buses & school selection28:55 Kids FOMO30:45 No perfect house31:43 Landed Private Transactions (Jan 2023 to Jan 2024)38:41 Focusing on the quantum play41:58 School bus transport students living within 4km of their schools43:52 Summary48:48 Looking through BRS retirement sum50:58 Next episode teaser51:34 Outtakes
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In this episode of Nuggets on the Go, Melvin Lim, Co-Founder and CEO of PropertyLimBrothers catches up with Joseph, the founder and principal architect of BHATCHBatch Architects, as shares his career leap from K2LD Architects to his own firm. See what Joseph has to say about the evolving trends in Singaporean architecture over his past 15 years of practice.
Joseph addresses the rising costs of rebuilding landed properties, acknowledging how inflation has become a homeownerâs nemesis. He shares his firmâs meticulous process, emphasising that thorough planning is key to minimising changes during construction. He reveals the importance of collaboration, illustrating how good architecture is a dance between the architectâs vision and the clientâs dreamsâbecause whatâs a stunning design if it doesnât feel like home?
Joseph highlights the need for empathy in architectural practice, reminding us that itâs not just about creating beautiful buildings but also about crafting spaces that truly resonate with their inhabitants. As a boss, he also promotes a work-life balance for his team, ensuring they can deliver thoughtful, well-planned designs without burning the midnight oil. After all, a healthy architect is a happy architect, and happy architects make for happy homeowners! All these and more on NOTG!
Timestamps:00:00 Intro00:44 Who is Joseph Lee?01:20 Why study architecture?02:26 Challenges as a fresh graduate architect04:00 Focused more in residential architecture projects07:40 What is the meaning of BHATCH?07:53 Architecture design trend evolution in Singapore11:28 Helping a buyer have an ease of exit for the newly built house15:40 Building a multi-gen house17:11 Minimum cost for a house20:25 More floors in a house21:36 Cost of rebuilding22:55 People spending more on interiors24:07 House that looks good but less maintenance25:50 Work process in the Architecture firm.30:15 Tender stage parameters32:44 Builders not completing the project36:08 Construction payment schedule37:56 Handling clients personally39:19 PLB home tour design inspiration with Joseph42:09 Using brinks in the house44:03 Materials used today ("Warm modernism")45:55 Architect style47:00 Past construction are more solid than today53:13 How long will a modern landed home last nowadays?54:31 A&A and Rebuild construction cost59:39 More rebuild nowadays?01:00:24 Demographics of landed buyers today01:01:25 More young clients01:02:24 Memorable projects01:07:41 Recently completed projects01:08:49 Future plans of BHATCH Architect01:09:56 Constraint budgets on projects01:11:33 Is it stressful being an architect?01:18:13 Condour Cards: What is one thing you didn't know about your current career when you first started?01:22:32 Closing thoughts01:22:48 Outtakes
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In Part 2 of Alexa, Yong Zhun, and Joanâs exploration of buyer personas, they discuss Maverick, or rather, âDallas Maverickââa high-earning bachelor in his Spring season, seeking a condo for both status and investment. With a $10K-$12K monthly income and a $1.1 mil budget, Maverick faces the dilemma: should he opt for a 1-bedder in the RCR, or aim for a 2-bed, 2-bath unit in the OCR
The team covers everything from capital appreciation to the rentability of dumbbell layouts, comparing the pros and cons of Sengkang Grand Mall and Jewel at Buangkok, which could be potential areas of interest for Maverick.
For Maverick, itâs crucial to make the right decisions based on his unique goalsânot just follow trends. As the team discusses potential areas like Potong Pasir and Pasir Ris, see what they think would help a persona like Maverick balance his desire for status with sound investment strategies.
Timestamps:00:00 Intro00:45 Spring Persona introduction04:25 Starting your journey05:06 Affordability07:11 MF Loan07:40 Choices available21:14 Recommended areas for Mavericks25:23 Age is a currency27:40 Summary28:44 Other personas29:45 Outtakes
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This week on NOTG, Alexa, Yong Zhun, and Joan dive into the life of Charmaine, a typical 35-year-old at the end of her âSpring seasonâ, whoâs just trying to get her own placeâkind of like Alexa! They chat about singlesâ eligibility for HDB flats at this age and navigate through the various stages of property investment.
They explore Charmaineâs options, from HDB resale flats and 2-room BTOs to 1-bedroom condos. The team breaks down the pros and cons, from mortgage costs and rental income to location and future resale potential. They also highlight the perks of acting early in todayâs booming property market.
Wrapping up, they dive into the nitty-gritty of living with tenants and renovating older flats versus the benefits of a 1-bedder condo. Itâs all about making savvy, financially smart choices that fit a single-buyerâs goals and future stability!
Timestamps:00:00 Intro00:42 Introduction of Spring Persona03:23 Affordability check for most singles05:39 Singles comfortable staying with their parents06:52 BTO Option12:25 BTO Option Comparison view22:09 HDB Resale Option29:36 HDB Resale Option Comparison view34:30 1-Bedder Condo Option38:29 1-Bedder Condo Option Comparison view P141:14 Names stuck in the property45:46 1-Bedder Condo Option Comparison view P250:31 Closing thoughts55:18 Next Episode55:44 Outtakes
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In part two of Melvinâs catch-up with The Weeblings, Sara and Aaron talk about how they tackle the high cost of living in Singapore, the significant challenges of saving for a house down payment, and the pervasive influence of social media on financial habits, highlighting how these factors shape their investment strategies.
Topics include breaking down miles versus cashback, giving tips on using cards like the DBS Womenâs World Card and UOB Preferred Platinum Visa. Sara shares valuable tips on maximising rewards, managing multiple credit cards, and, crucially, avoiding the pitfalls of credit card debt.
The Weeblings address the challenges of the competition for BTO flats, and the impact of rising salaries on small businesses. They also discuss the cooling measures affecting property investments and the shift in housing plans among young Singaporeans, including preferences between BTO and resale flats. More on this concluding episode!
Timestamps00:00 Intro00:58 Getting recognised01:52 Credit card strategies (Miles/Cashback)06:33 Keep up with credit card rewards07:43 Best credit card for dining08:11 Fear of people copying online content10:30 Debt management12:15 Struggle of getting your first house in Singapore21:16 Live in a HDB forever?23:10 Will Cooling Measures hold prices next year?25:48 Melvin's investment strategy30:16 Future plans of The Weeblings32:36 First YouTube Channel37:28 Advice for young content creators38:36 Candor Cards39:20 What does Aaron want more than anything?43:01 Sara's biggest choice that changed her life?45:35 Closing thoughts46:02 Outtakes
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In this episode of NOTG, Melvin Lim chats with The Weeblings about their content creation journey, which kicked off during COVID-19. Sarah and Aaron Wee talk about starting with multiple daily posts and eventually finding their groove with financial related content across TikTok, Instagram, and YouTube.
The Weeblings, known by their audience for their goal of a $1 million investment target, dive into what led them into the world of finance and their aim for financial freedom with $2.5 million each by 40âfollowing the 4% rule. They break down their investment strategies, from Aaronâs army days dabbling in crypto and stocks to focusing on value investing and dividends. They also discuss how US monetary policies affect their decisions, particularly when it comes to property investments in Singapore.
Aaron and Sarah also shared how their family's run-ins with financial scams shaped their approach to money. And on the discussion of scams, they highlight the importance of ethical financial advice and the constant battle with fake social media accounts impersonating them. Stay tuned and see what these siblings have to say about finance!
Timestamps:
00:00 Intro00:56 Content scheduling05:54 Is the Weeblings just a side hustle?06:38 Journey to a million dollars09:13 First investment12:48 Advice to fresh graduates for investment14:12 Investing methodology18:08 Following US news21:10 Aaron is fascinated about numbers23:08 Singapore interest rates increase, property prices also increase24:56 The current situation of buying your first property26:18 How Sara manage her money27:28 Fear of money32:10 View of retirement33:11 Their parents got scammed38:38 Fake Weeblings Channel / Telegram scams40:58 Money growing up45:34 Pursuing content creation full-time49:08 Monitising the Weebling brand53:36 View on cryptocurrency55:54 Part 2 teaser56:25 Outtakes
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In this second part of the four seasons framework discussion, Jesley, Jun Wei, and Melvin Lim dive into the Spring season of property investmentâa time when life starts to bloom with new opportunities. Today, weâre focusing on the personas of a typical Singaporean couple at age 33, who are making the big leap from a BTO flat to a condo. Jun Weiâs got some real-world experience here that makes this topic super relatable.
Weâre also taking a closer look at the nuts and bolts of property investments. Jesley and Melvin break down the financial benefits of splitting your investments, and they even bring out PLBâs proprietary ROI calculator to show how you can maximise returns from rental income, manage expenses, and grow your capital gains. They use a real coupleâs journey to show exactly how this plays outâbecause seeing the numbers in action makes all the difference.
To wrap it up, the team compares different investment strategies, digging into case studies that highlight the differences in rental yield and capital appreciation when you invest in one big condo versus two smaller ones. This is essential stuff for anyone thinking about upgrading their home, balancing the need for more space with the potential for better financial outcomes.
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NOTG Banter is back! Jesley and Jun Wei, Listing Managers at PropertyLimBrothers, joins Melvin Lim for an engaging discussion focusing on the four seasons framework for property investment, exploring how different stages of life impact investment strategies.
Seven buyer personas will be examined over the next six months, starting with Wayne and Joanne, a young couple navigating the complexities of their first property purchase. With a combined income of $8,000, they face the common fears and challenges that many first-time buyers experience, such as securing a BTO and dealing with conflicting advice. The team shares case studies and highlights alternative strategies, emphasising the importance of informed decision-making and future planning in property investment.
Stay tuned for more insights into the financial implications of various property decisions, ârentvestingâ, and the strategic importance of layouts and the future competition between properties. They also discuss leveraging bank loans and clarify the legality and sensitivity of the 99-1 ownership scheme for asset progression.
(00:00:00) Intro(00:00:50) New Launch Convention Recap(00:02:04) 4 seasons of investing in property(00:07:58) Introduction of all personas(00:10:13) Introduction of Wayne & Joanne (Persona A - 1st Time Buyer)(00:16:24) Age 27+ / How long should you wait for a BTO attempt(00:18:51) Case study(00:26:47) "Showing of funds"(00:29:38) 99-1 ("Big Hoo-ha")(00:31:57) 99-1 Things NOT allowed(00:34:12) 99-1 What is allowed(00:35:23) Case study decision / "Rentvesting"(00:40:06) Couples with no kids splitting a property(00:43:22) What if there was no input of $700K?(00:47:15) Consider looking at ECs(00:47:50) What will condos compete on in the future?(00:48:59) Hundred Palms 3-Bedder efficient floorplan layout(00:57:17) Strategy for high-income earners below 35 years old(00:58:16) Persona B - HDB Upgrader Teaser(00:58:45) Outtakes
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Part 2 of Melvin Limâs chat with Seth Wee from Sethisfy dives into the nitty-gritty of credit card rewards. He breaks down when to go for cashback or miles, explaining the financial logic behind each choice and how you can maximise your credit card benefits. Seth also tackles the opportunity cost of travel rewards and shares pro tips for getting the best bang for your buck.
But thatâs not allâSeth reveals some savvy credit card hacks, like manufactured spending and using intermediary services to supercharge your rewards. He opens up about balancing a full-time job with a side hustle in credit card content creation, giving insights into time management and how to monetise your skills. Plus, he gives advice for young professionals on holistic financial planning and smart investing.
Seth also looks to the future, sharing his thoughts on the role of AI and tech advancements. He talks about AI potentially surpassing human intelligence and its current use in recommending credit cards, while stressing that human expertise is still crucial for the best advice. All these and more on this concluding episode of NOTG with Seth from Sethisfy!(00:00:00) Intro(00:00:38) Against credit cards(00:02:18) Ways to monitor all your credit cards(00:03:33) Does the amount of credit cards affect credit rating?(00:05:15) Credit card strategies(00:06:10) Miles or Cashback(00:10:06) Not paying for your next flight(00:10:16) Selling off your miles(00:11:31) Credit card hacks / manufactured spending(00:15:55) Managing credit cards(00:17:35) Promos and deals(00:18:50) Sethisfy telegram channel(00:19:46) Monitising Sethisfy YouTube channel(00:20:13) Day job(00:23:21) Advice for fresh graduates(00:25:22) Becoming a content creator(00:26:19) 5 years plan(00:27:19) Other investments(00:29:41) Mentors(00:31:01) Future of AI(00:34:04) Closing thoughts(00:34:41) Outtakes
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