NOTG - Nuggets on the Go

By PropertyLimBrothersEducation

NOTG - Nuggets on the Go episodes

August 04, 2023 #24: Financial Literacy, Real Estate Investment and Their First Property at 23?!
We’ve got clients Joanna and Jevin on board today to provide insights on property investment, financial literacy and snippets of their real estate journey! Tune in to hear about their experiences and real-life lessons on the importance of a timeline and how they navigated the process of show funds pledging while interacting with different agents before finally ending up with PropertyLimBrothers.

Melvin Lim and George asks about their home buying journey, from attempting to snatch up a Punggol SBF at the age of 21, to buying their matrimonial home at 23, and the eventual additional assets to their portfolio. Don’t miss this engaging episode of our Nuggets On The Go Banter series, where we explore the realm of property investment and financial knowledge with valuable bite-sized nuggets of information to take away!

(00:00:00) Intro
(00:01:54) Occupation of Jevin & Joanna
(00:02:28) Background story before buying house at 23 y/o
(00:15:30) Property Journey
(00:28:34) Resale VS BTO
(00:38:56) Opinions on Property Prices
(00:41:00) Financial Planning / Arrangement
(00:44:17) When did they start to plan for next move?
(00:46:07) Discipline of planning
(00:51:30) CPF Accrued Interest
(00:52:34) Stop Thinking, Start Doing
(00:56:22) Suggestion for planning/ Create habits
(01:10:16) Wrap Up
1 hr 12 min
July 28, 2023 #23 George Goh on Building his Business empire, Education System, Advice for Young People
We invited presidential hopeful, George Goh, a familiar face in the media these days, to our Nuggets On The Go studio for a chat! Melvin Lim from PropertyLimBrothers speaks with George Goh about work, life and family in this exclusive 1-to-1 session. He shares how he started his business, with a humble beginnings and on to a shoemaking business with his brothers, to his passion in music that led to getting his degree in recent years, as well as his philanthropic works in recent years.

Get to know George Goh, as an entrepreneur, father and presidential hopeful! Drawing from his firsthand experience of starting from scratch, George also shares some words of wisdom that resonate with both the younger generation and those in the later stages of life. Don't miss this special episode of Nuggets On The Go!

(00:00) Intro
(01:23) Introduction of George Goh
(02:50) The Start of the Entrepreneurship
(09:42) Shoe Making Business
(12:23) First Hire
(14:55) Business Advices
(18:59) Challenges
(23:02) Dot-com Collapse
(24:21) Starting the First Company
(27:42) Mentor of Business Building Skills / Harvey Norman
(35:52) Working Relationship with the Benetton Family
(36:52) Key Success Principles
(40:58) Education Journey
(48:30) Thoughts of Education System
(52:58) Advices for New Entrepreneurs
(58:28) Balance between Work & Family
(01:01:25) Work-Life Balance
(01:03:26) Motivation of Himalayans
(01:10:12) Perspectives of Life
(01:15:21) Who do George Got admire?
(01:17:57) Wrap Up

Watch the video on our NOTG YouTube Channel:
https://youtu.be/DpKyL6lg-fg
1 hr 19 min
July 21, 2023 #22: What Do YOU Want to Know About Singapore Real Estate? We Answer Them!
Our NOTG home team is back, this time we have a special AMA episode for you! Having gathered your questions through our Instagram Stories, Melvin Lim, Grayce, George and Yu Rong from PropertyLimBrothers answer your burning questions.

From calculating valuation, choosing between PLH and non-PLH, to the things to take note if you’re a Singaporean + PR couple looking to buy a home. All these and more will be answered on this week’s Nuggets On The Go episode!

Any unanswered questions? Feel free to drop us a message in the comment sections or email us at [email protected]! We’ll be happy to address your enquiries.

Watch the video on our NOTG YouTube Channel:
https://youtu.be/oy06ECdT8yQ

(00:00:00) Introduction
(00:03:22) Question 1: (Down payment for an HDB 5-room)
(00:05:03) Types of grants
(00:06:37) HDB Loan and Bank Loan
(00:07:39) Mindset for resale market (COV)
(00:08:40) Determining the valuation
(00:10:20) Question 2: (Non-PLH or PLH)
(00:10:56) Difference between Non-PLH and PLH?
(00:13:39) Question 3: (Buying new launch or resale in D15)
(00:15:58) Buying new launch or resale property?
(00:16:36) The Shore Residences vs Tembusu Grand
(00:19:17) Yu Rong's opinion: Freehold Resale vs The Continuum
(00:21:06) NOTG nuggets sponsor
(00:21:35) Question 4: (3-bedder unit at Kent Ridge Hill Residences in 2018)
(00:22:14) Kent Ridge Hill Residences location analysis
(00:23:15) D5 price analysis
(00:24:00) Should you hold? (Kent Ridge Hill Residences)
(00:24:59) Asking price of Normanton Park and Kent Ridge Hill Residences
(00:26:21) Should you sell during TOP?
(00:30:37) Question 4: (Quiet market for rental or selling market)
(00:31:51) Inter-terrace vs Semi-detached
(00:33:09) What's your next plan?
(00:36:00) Question 5: (4-bedder duplex condo below $3 mil)
(00:37:11) PLB client story
(00:38:26) Question 6: (Will the mortgage loan rates drop?)
(00:39:06) Why interest rates drop?
(00:39:33) What happens to real estate market when interest rates drop
(00:40:47) Methodology of buyers and sellers
(00:41:44) Forecast of interest rate
(00:42:18) SORA rates
(00:42:32) Timing the market
(00:43:51) Yu Rong's pronunciation (Part 1)
(00:44:28) Question 7: (Resale condo or cluster landed)
(00:45:05) Chasm Gap
(00:45:47) Landed homes are more attractive
(00:46:44) Resale condo or cluster landed?
(00:47:29) $3 mil Cluster landed
(00:48:20) Yu Rong's maximum price for each property type
(00:50:14) Inventory level of strata housing
(00:51:14) Strata landed for foreigners
(00:52:19) Hybrid option
(00:53:28) Question 8: (Limitations for PR)
(00:56:32) Yu Rong's pronunciation (Part 2)
(00:56:55) Benefits of having dual citizenship
(00:58:05) Yu Rong's pronunciation (Part 3)
(00:58:34) Singapore is pro-family
(00:59:19) Question 9: (Combine income HDB resale or BTO)
(01:00:40) BTO waiting time
(01:01:53) HDB loan of combine income of $6,800
(01:02:57) Question 10: (Which has a higher ROI)
(01:03:42) Cluster house vs Pure landed
(01:06:35) Yu Rong's choice of project in D14
(01:07:17) Which district has the highest ROI?
(01:08:01) Question 11: (Budget of $1.3 mil, property in north-east area)
(01:09:50) Answering "What" questions
(01:10:36) Conclusion
1 hr 13 min
July 14, 2023 #21 Why 99-year leasehold landed homes shouldn’t be overlooked!
Gateway into Singapore's Landed Property Market.
Register your interest at our in-house seminar now!
https://www.propertylimbrothers.com/bsel-pollen-collection/

Is it worthwhile to consider 99-year leasehold landed properties? Melvin Lim from PropertyLimBrothers delves into this subject, using the brand new 99-year leasehold landed homes at Pollen Collection as an example. Pollen Collection, developed by Bukit Sembawang Estates, is neither a condominium or cluster house, nor is it freehold or 999-year leasehold. So what factors make Pollen Collection and other 99-year leasehold landed homes a compelling investment?

By comparing conventional landed properties with cluster homes and condominiums, we can assess the criteria that determine the desirability of entering a landed property market in the present era.

(00:00:00) Introduction
(00:01:10) Understanding landed properties
(00:02:27) Category of homes
(00:04:10) Minimum entry for properties OCR zoning
(00:04:23) Budget of below $4 mil
(00:07:29) Fundamental difference of living in different property types
(00:08:44) Cluster housing vs pure landed
(00:10:51) Calculating PSF
(00:11:40) Buying old 99-year pure landed
(00:12:43) MCST fees
(00:13:32) 3 Choices for condos/apartments
(00:17:04) Disparity effect
(00:17:57) Buying a property in OCR area with $1,400 PSF (Price gap)
(00:18:35) Lease reset calculator
(00:22:18) Is resale cheaper?
(00:23:01) Price gap of brand new and resale
(00:23:53) Available supply in Singapore
(00:27:24) Herd mentality
(00:28:17) Future launches
(00:28:52) Conclusion
(00:29:39) Bloopers

Watch the video on our NOTG YouTube Channel:
https://youtu.be/jINURPcJ0fY
30 min
June 23, 2023 #20: Cracking the Condo Code 3: Should you be comparing Quantum or PSF prices when buying a condo?
Why is it that we’re focusing more on quantum over PSF nowadays? Melvin Lim recaps on the previous parts and offer an illustration of erosion, before moving into the topic for Part 3, quantum versus PSF methodology. Listen on for nuggets of digestible and understandable concepts.

A shout-out to our participants who made our recent Landed Convention a success, thank you for coming down and being a part of our first Landed Convention! If you’ve missed out on the PDF that we were sharing, do drop us an email at [email protected].

(00:00:00) Introduction
(00:01:39) Landed Convention
(00:04:37) PLB Property Summit 2023
(00:05:29) PLB latest technology
(00:07:01) Recap
(00:08:23) Quantum versus PSF
(00:09:06) 7 unique traits of Real Estate as an investment
(00:09:41) Investing in real estate
(00:10:25) What could you buy with $100K 3 years ago?
(00:11:30) Regentville pricing
(00:14:57) $100K down payment comparison between 2020 and 2023
(00:16:52) Class of asset that will appreciate
(00:17:49) Choosing the right asset to invest into
(00:18:39) Mindset of investing
(00:23:30) Owning a property forever?
(00:25:11) Exit mindset
(00:27:29) PLB Insights Q1 Report 2023
(00:28:11) 2013 trigger events
(00:30:26) Changes in floor plans
(00:32:19) Trifecta of resale properties
(00:33:47) Conclusion
(00:39:08) Bloopers

Watch the video on our NOTG YouTube Channel:
https://youtu.be/xb_yinSKoEQ
39 min
June 16, 2023 #19: 101 Guide to get Citizenship in SINGAPORE!
We’ve invited Kay Cheong from The Immigration People to join us once again to discuss us on the impact of the recent ABSD increase and its implications for foreign investors and expats who plan to come to Singapore post-COVID. Find out what has been the market trend since then, as Melvin Lim and Beatrice caught up Kay on what working in the unregulated and ever-changing immigration industry has been like and her future plans to further value add to her clients.

Do check out The Immigration People’s website at www.tip.com.sg, as well as their YouTube channel, The Immigration People!

(00:00:00) Introduction
(00:02:04) Market Trend
(00:05:32) One Pass
(00:07:56) Foreigner aiming for Singapore Citizenship
(00:08:36) Foreign family interests
(00:10:30) The Immigration People clients
(00:12:52) The Immigration People as a business
(00:14:55) Giving up your homeland's citizenship
(00:17:16) Kay's journey to becoming a business owner
(00:21:14) Memorable clients
(00:23:07) Keeping up with the policies as a business owner
(00:24:31) Is Singapore business friendly?
(00:26:30) Beatrice entrepreneur journey
(00:28:47) The Immigration People expansion
(00:32:44) Clients who DIY
(00:33:38) What are foreigners buying?
(00:36:22) PR applications
(00:39:50) Factors for PR application
(00:46:14) Length of PR process
(00:47:25) Factors that affects the length of approval
(00:48:17) Future of Singapore Demographics
(00:51:37) PR family's first property
(00:53:10) Kay's preferred type of property
(00:55:51) Foriegner client's preferred location
(00:56:44) Advice for foreigners
(00:59:33) The Immigration People details
(01:01:25) Conclusion
(01:02:03) Outtakes

Watch the video on our NOTG YouTube Channel:
https://youtu.be/NuQ4eRB7o0c
1 hr 2 min
June 09, 2023 #18 How To Save For Your First Property Effectively & Efficiently + Leverage vs Paying in full!
How To Save For Your First Property Effectively & Efficiently + Leverage vs Paying in full!

What’s the process of our younger generation moving out from their parents’ home and into their own? While many young individuals aspire to rent a place after graduating, it is worth considering the alternative of pumping rental money in a mortgage instead.

To explore this topic further, we have enlisted the insights of Melvin Lim, Grayce, George, and Yu Rong, from PropertyLimBrothers to discuss various financing options available to first-time homebuyers. Additionally, they will provide valuable advice on effective and efficient methods of saving up for your initial property investment. For the keen investor, what are the benefits of leveraging rather than paying in full? Gear up with more real estate tips on this week’s Nuggets On The Go!

(00:00:00) Introduction
(00:03:07) NOTG Cups
(00:04:10) Save up for your first down payment
(00:10:25) First property, private property or HDB?
(00:17:00) Co-investing for your first property
(00:24:03) Options for young couples of owning your first property
(00:31:43) What is owner-occupier route?
(00:34:28) BTO route
(00:36:53) Time matters for your property
(00:39:44) Why is it better to leverage?
(00:46:38) Melvin's Mom property investment
(00:47:50) Insurance to cover risk
(00:51:08) Saving up methods
(01:03:04) Grayce's $75 per hour part-time
(01:05:44) Producer's investing in their first property at age 35
(01:09:45) Joel's first property
(01:13:20) Advice for singles
(01:14:10) Earning
(01:15:02) Advice for investing for your first property
(01:16:11) 2 factors to take note for spending habits
(01:17:23) Melvin always has cash in his pocket
(01:18:16) Yu Rong's envelope method
(01:19:12) Melvin's first property
(01:20:58) Delaying purchasing assets
(01:22:01) Latest news
(01:22:59) Conclusion

Watch the video on our NOTG YouTube Channel:
https://youtu.be/chh0-MQCUJU
1 hr 23 min
June 02, 2023 #17: Cracking the Condo Code 2: Why some 99-year Condos Out-Perform Freehold Condos in the same Enclave | NOTG
Cracking the Condo Code 2: Why some 99-year Condos Out-Perform Freehold Condos in the same Enclave | NOTG

Perhaps you may have noticed while searching for your next property, 99-year projects going at a higher PSF than freehold projects in the same area. Ever wondered why that’s the case? The 2nd episode of our Cracking the Code series, Melvin Lim talks about condominiums and specifically the behaviours of the projects in relation to disparity effect, the valuation and price appreciation in the enclave.

Using Kovan Melody and Kovan Esquire as the main 99-year vs freehold examples, tune in to find out how it is possible that one may be asking and transacting at a higher price than the other despite their tenures. Also, find out what factors drive price appreciation. All these and more in this latest episode of Nuggets On The Go!

(00:00:00) Introduction
(00:03:31) Why is Kovan region special?
(00:06:11) What is mixed landed zoning?
(00:08:03) What is boutique development?
(00:08:23) Checking the height of a unit using Squarefoot Research
(00:09:01) Checking the height of a unit using Google Earth
(00:09:28) Trends
(00:11:27) Freehold vs. 99-year Leasehold
(00:11:42) Melvin real estate experience
(00:12:24) All properties can be sold
(00:13:39) Inherent Factors, Changeable Factors and Pricing Mechanism
(00:15:20) Kovan Esquire
(00:16:35) 2011 transactions in Kovan region
(00:19:50) PLB Landed Convention
(00:21:21) Present day Kovan region
(00:22:41) Desktop valuation
(00:23:17) 2011 vs 2023
(00:24:00) Kovan Esquire appreciation rate comparing to Kovan Melody
(00:25:14) Sellers or buyers, which is more important?
(00:32:40) Kovan Esquire transactions
(00:34:00) Kovan Melody transactions
(00:34:26) Human psychology of selling a property
(00:36:55) Pros and cons of freehold projects
(00:38:17) Bala's curve
(00:39:11) Conclusion
(00:43:54) Bloopers

Watch the video on our NOTG YouTube Channel:
https://youtu.be/LMKTqWZlxC0
44 min
May 26, 2023 #16 This Co-living Guru rented out 1200 rooms! Ft. Rental Trends and Scams!
This Co-living Guru rented out 1200 rooms! Ft. Rental Trends and Scams! | NOTG S3 Ep16
On this week’s episode of Nuggets On The Go, Melvin Lim, Grayce, and Yu Rong from PropertyLimBrothers are joined by special guest, Eugene Lim, founder of The Assembly Place! After deciding to become a Real Estate agent to pay off his university fees, Eugene embarked on a path that would eventually lead him to establish The Assembly Place— a co-living operation.

Starting from an inter-terrace at Jalan Elok less than a year before the pandemic, find out how he surfed through the tides of COVID and circuit breakers, to obtain not only more rooms but even acquiring a competitor!

We breakdown co-living from the point of views of the tenant, landlord, and operator, as well as the current market trending. Tune in for tips, and Yu Rong’s advice on how to prevent falling into rental scams, all on this week’s Nuggets On The Go!

(00:00) Introduction
(02:04) Get to know Eugene Lim
(08:08) What is co-living
(09:41) Eugene Lim's social experiment for co-living
(11:12) 2019 Rental rates
(12:25) Eugene's acquired number of units back in 2019
(16:04) Co-living tenants point of view
(19:14) Pool of tenants
(21:03) Why co-living is better?
(21:33) Cap for Monthly utility
(23:04) Conflicts between tenants in the same apartment
(24:40) Tenant matching
(25:19) Tenant's privary in a co-living space
(26:52) How The Assembly Place solve tenant conflicts
(28:05) Co-living landlords point of view
(36:37) Realtor or Co-living operator (Pros and Cons)
(39:48) Partitions
(42:33) Tenants arriving to Singapore
(43:41) Minimum contract period of The Assembly Place
(43:59) Lease agreement
(44:18) Minor Repair Clause
(48:37) Co-living operators point of view
(55:25) Key factors for increasing rental
(56:05) Transitioning from part-time to full-time operator
(59:37) Other co-living competitors
(1:00:17) What is Strict Lease Model?
(1:00:47) Big players in co-living industry in Singapore
(1:01:19) The Assembly Place expansion
(1:03:10) Co-living business success
(1:06:00) Upcoming The Assembly Place platform
(1:08:58) Co-living courses
(1:10:53) Co-living B2B
(1:13:40) Rental Scams
(1:15:31) George's Rental Scam story
(1:17:26) Prevention from rental scams
(1:22:13) Conclusion
(1:22:43) Bloopers

Watch the video on our NOTG YouTube Channel:
https://youtu.be/t0lfsYMSKlg
1 hr 22 min
May 19, 2023 #15 Cracking the Condo Code: The First 5 Steps to Assess a Singapore Condo’s Investment Potential
Venturing into the private property market may be an unknown territory for most first-timers. How can you be prepared to take on analysing property by yourself? On this episode of Nuggets On The Go, Melvin Lim from PropertyLimBrothers shares valuable insights gathered throughout 17 years of industry experience and through PLB’s Research arm.

Learn how to take advantage of online tools such as Streetdirectory and Square Foot Research, before diving head first into finding your next property. Find out about our thought processes, methodology and our proprietary MOAT Analysis Tool, all on this week’s Nuggets On The Go!

(00:00) Introduction
(01:47) Analyse a condominium through Square foot Research
(03:16) Take note of the tenure?
(04:49) Take note of the number of units?
(06:06) Why transactions and popularity are important? (Webinar Clip)
(09:38) Transaction volume in the last 6 and 12 months
(11:03) Check listing of the property through PropertyGuru
(13:06) Transactions of Kovan Melody
(13:31) Entry-Exit
(15:24) Why some projects perform better?
(19:50) Kovan Melody performance (Past - Present)
(21:04) Behaviours of Condominiums
(30:37) Buy in during uptrend or downtrend
(31:35) Comparing projects through MOAT Analysis
(33:14) Consult with PLB
(33:37) Conclusion
(33:58) Bloopers

Watch the video on our NOTG YouTube Channel:
https://youtu.be/g9gHEaVYjVM
35 min