Watch This Before Buying a $3,000,000 NEW LAUNCH | Marcus Luah

In this week’s video, we will be talking about how much is needed to afford a $3million New Launch Condominium in Singapore. I will be sharing what is the down payment required, how much you need to make, the payment schedule/running cost as well as the difference in the return on investment between both a New Launch and a Resale Condominium in Singapore.

TimeStamp:
0:00 Introduction
1:01 Video Sequence
1:32 What is the down payment required
2:55 How Much You Need to Make Assuming You Are 40 Years Old
3:25 Total Debt Servicing Ratio (TDSR) Calculations
4:16 Pledge & Unpledge
4:51 What is Pledge
5:10 What is Unpledge
5:20 Payment schedule/ Running Cost
6:14 New Launch is different from buying Resale Property
6:41 Progressive Payment Schedule
7:06 Compare the Return on Investment between New Launch and Resale
7:20 When taking a BUC Upon Completion
7:44 Buying Resale Property as a Rental Property
7:56 Buying for Own Stay
8:17 $3million New Launch Condo vs $2.5million Resale Condo
9:21 Comparison on Return on Equity
9:42 New Launch (Not Getting Rental) vs Resale Property (Getting Immediate Rental)
10:29 Final Remarks

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[KeepItRealEstateSG]

Correction:the unpledge is the more popular way as you just need to show two times.

[jeromy]

2% increase for resale compared to 6% for new launch, are we talking about the right unit and Dev mix in the same district? Is this the region average for new launch and resale?

[junjun]

The pay 20% first, and wait till foundation for remainder 5% (slowly accumulate) only works if u don't use cpf for first 20%. As long as u touch cpf for 20%, cpf board will request evidence of 75% loan and 25% (cash + cpf oa), before dispensing cpf

Almost got burnt by this.

The order of disbursal is cash then cpf then loan. You cannot go cash, cpf, then back to cash, then loan

[BomBomm]

I just bought a 3.1m fh 1500sq ft land inter terrace in d13.. hope its a good choice considering now condos are alr easily crossing the 3m mark

[MrBluehorizonsugar]

Why need to compare? Just say buying new launch make more money is enough lah. People are greedy and stupid. If not, then better talk about the risk at this phase of the market.

[KeepItRealEstateSG]

In this week’s video, we will be talking about how much is needed to afford a $3million New Launch Condominium in Singapore. I will be sharing what is the down payment required, how much you need to make, the payment schedule/running cost as well as the difference in the return on investment between both a New Launch and a Resale Condominium in Singapore.

TimeStamp:
0:00 Introduction
1:01 Video Sequence
1:32 What is the down payment required
2:55 How Much You Need to Make Assuming You Are 40 Years Old
3:25 Total Debt Servicing Ratio (TDSR) Calculations
4:16 Pledge & Unpledge
4:51 What is Pledge
5:10 What is Unpledge
5:20 Payment schedule/ Running Cost
6:14 New Launch is different from buying Resale Property
6:41 Progressive Payment Schedule
7:06 Compare the Return on Investment between New Launch and Resale
7:20 When taking a BUC Upon Completion
7:44 Buying Resale Property as a Rental Property
7:56 Buying for Own Stay
8:17 $3million New Launch Condo vs $2.5million Resale Condo
9:21 Comparison on Return on Equity
9:42 New Launch (Not Getting Rental) vs Resale Property (Getting Immediate Rental)
10:29 Final Remarks