March 21, 2025

109# Condo Buying Strategies And Harsh Truths for High-Income Singles

47 minutes

Many high-income singles in their 30s are rushing to buy condos for status and wealth preservation—but is it the right move, or just a costly mistake? In this follow-up episode of NOTG, George Peng, Phyllis Goh, and Yong Zhun from PropertyLimBrothers dive into the key considerations for self-employed professionals looking to enter the property market.

They discuss if new launches often are the better investment engine, talk about how to assess financial sustainability when taking on a mortgage, and share the pitfalls of herd mentality in property buying. The conversation also covers whether ‘rentvesting’ can accelerate wealth-building, why the speed of exit is crucial, and what ABSD projections mean for investors. Beyond individual strategies, they also provide insights into HDB and non-landed property price trends in relation to GDP, as well as the Government Land Sales (GLS) programme and its influence on future housing supply.

For more expert perspectives on investment strategies and market trends, this episode equips self-employed professionals with the knowledge to make informed property decisions.

00:00 - Intro

00:39 - PERSONA B MAVERICK

03:43 - Phyllis’ thoughts about Maverick

04:12 - Phyllis’ real life client like Maverick

07:06 - George’s advice that are looking for investment

13:21 - Yong Zhun’s thoughts about Maverick

13:55 - Have you heard of F.I.R.E acronym?

14:19 - Retreat and rest

18:22 - Phyllis’ consulting something with Melvin

23:48 - George’s thoughts about what Phyllis’ consult on Melvin

24:25 - Assuming Maverick is working on a bank

25:19 - George tells a story about a certain client

26:58 - George advice about first timer buyers

27:51 - George second client encounter

28:10 - Speed of exit

28:31 - Going back to Maverick

30:40 - One of strategy Maverick can adopt

33:13 - Straits Times article

34:18 - Yong Zhun’s thoughts about the article

35:00 - Cooling measures

34:43 - A few things to look at

38:13 - Private residential price index

41:10 - Interesting Q1

41:18 - Supply and demand list

42:32 - HDB & Private Non-Landed Property Price Index

43:30 - Closing messages

46:29 - Other personas

47:32 - Outtakes

...more

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By Melvin Lim

11 ratings