#10: Predicting 2022 Property Market | What It Will Mean for Buyers, Sellers + Investors | NOTG S2 E10

1[Melvin Lim]
00:00:04,000 –> 00:00:07,080
What are some of the key trends moving forward into 2022?

2[Melvin Lim]
00:00:07,080 –> 00:00:10,000
We want to notice what are some of the key components

3[Melvin Lim]
00:00:10,000 –> 00:00:12,120
when it comes to government land sales?

4[Melvin Lim]
00:00:17,040 –> 00:00:18,760
Nuggets On The Go, let’s go.

5[Melvin Lim]
00:00:39,560 –> 00:00:41,240
All right, so we’re back with Nuggets On The Go,

6[Melvin Lim]
00:00:42,400 –> 00:00:44,480
Checkout this nugget at the back.

7[Melvin Lim]
00:00:44,480 –> 00:00:46,840
This is a shape of nugget actually.

8[Melvin Lim]
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In the middle of all the green colour stripe.

9[Melvin Lim]
00:00:49,480 –> 00:00:50,880
You see this orange thing?

10[Melvin Lim]
00:00:53,200 –> 00:00:54,640
All right

11[Melvin Lim]
00:00:56,800 –> 00:00:59,680
what are some of the key trends moving forward into 2022.

12[Melvin Lim]
00:00:59,680 –> 00:01:02,760
We’re right on the tail end of year 2021.

13[Melvin Lim]
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Congratulations, you made it.

14[Melvin Lim]
00:01:04,280 –> 00:01:08,920
And now we are in October towards the tail end of 2021.

15[Melvin Lim]
00:01:08,920 –> 00:01:11,680
Want to notice what are some of the key components

16[Melvin Lim]
00:01:11,680 –> 00:01:14,040
when it comes to government land sales,

17[Melvin Lim]
00:01:14,040 –> 00:01:16,520
as well as the balance inventory in the market

18[Melvin Lim]
00:01:16,520 –> 00:01:17,880
in terms of new launches,

19[Melvin Lim]
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how the resale prices moving for condominiums,

20[Melvin Lim]
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as well as we want to take note

21[Melvin Lim]
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of some of the key indicators coming up

22[Melvin Lim]
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in the next two to three years

23[Melvin Lim]
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in the sense that there’s gonna be a couple

24[Melvin Lim]
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of completed projects that will hit the market.

25[Melvin Lim]
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In short, property juggles that we use

26[Melvin Lim]
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when we talk about newly completed projects,

27[Melvin Lim]
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we call them TOP projects,

28[Melvin Lim]
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meaning temporary occupation period.

29[Melvin Lim]
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That’s the time that the owners

30[Melvin Lim]
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that bought from the launch,

31[Melvin Lim]
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they bought from the show flat from the developers.

32[Melvin Lim]
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They are going to collect their keys.

33[Melvin Lim]
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So in short, for the context of today’s session,

34[Melvin Lim]
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we’ll name all these top projects, as TOP projects.

35[Melvin Lim]
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So these are the four main pockets

36[Melvin Lim]
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that we’re gonna talk about.

37[Melvin Lim]
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I’m gonna look at my screen as well.

38[Melvin Lim]
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So if you see my eyes deviate a little bit, don’t worry.

39[Melvin Lim]
00:01:57,240 –> 00:01:58,560
I’m still looking at you.

40[Melvin Lim]
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All right, so four main things I want to discuss today

41[Melvin Lim]
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is that we’re gonna talk about some of the balance

42[Melvin Lim]
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new launches per square foot pricing.

43[Melvin Lim]
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We also wanna look at the new, new launch

44[Melvin Lim]
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per square foot pricing.

45[Melvin Lim]
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And when we categorise them as new launch,

46[Melvin Lim]
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we are talking about those new launches

47[Melvin Lim]
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that will be coming out in the next six to 12 months

48[Melvin Lim]
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because they have been successfully bidded

49[Melvin Lim]
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by developers based on government land sales

50[Melvin Lim]
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that are launched this year.

51[Melvin Lim]
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We also want to look at what are some of the behaviours

52[Melvin Lim]
00:02:24,520 –> 00:02:28,320
of pricing when we look at those newly TOP projects,

53[Melvin Lim]
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as well as the resale condo asking prices as well.

54[Melvin Lim]
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So why do we build on these four boxes?

55[Melvin Lim]
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And you see this graph at the bottom

56[Melvin Lim]
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is that a lot of the time when we look at this supply graph,

57[Melvin Lim]
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so this graph is from URA.

58[Melvin Lim]
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And when we look at this expected year of completion

59[Melvin Lim]
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in terms of the amount of supply

60[Melvin Lim]
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that’s coming into the market,

61[Melvin Lim]
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these are actually properties that will be completed

62[Melvin Lim]
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from launches, and they include the dark red colour,

63[Melvin Lim]
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which are private residential properties

64[Melvin Lim]
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as well as the light pink colour,

65[Melvin Lim]
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which are executive condominiums.

66[Melvin Lim]
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So take note that when we look at this graph,

67[Melvin Lim]
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this is actually telling us on which particular year

68[Melvin Lim]
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will these properties hit the market

69[Melvin Lim]
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in terms of its TOP status.

70[Melvin Lim]
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So these are already supplies that has been factored

71[Melvin Lim]
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into the market.

72[Melvin Lim]
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It’s just that they are going to complete in a certain year.

73[Melvin Lim]
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So for example, in the year 2021,

74[Melvin Lim]
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there’s gonna be 7,318 of the private residential units

75[Melvin Lim]
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that will be completed.

76[Melvin Lim]
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And then year 2022, 10,171.

77[Melvin Lim]
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2023, it’s going to have a total of 16,549

78[Melvin Lim]
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with a combination of private residential,

79[Melvin Lim]
00:03:29,200 –> 00:03:31,040
as well as executive condominiums.

80[Melvin Lim]
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So these are already projects

81[Melvin Lim]
00:03:32,480 –> 00:03:34,280
that has been launched previously,

82[Melvin Lim]
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and they’re going to be completed.

83[Melvin Lim]
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Of course, what this data doesn’t tell us

84[Melvin Lim]
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is that they didn’t tell us

85[Melvin Lim]
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that how many of these completed properties

86[Melvin Lim]
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have been successfully sold by developers to buyers.

87[Melvin Lim]
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They’re actually talking about how much supply

88[Melvin Lim]
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will hit the resale market per se.

89[Melvin Lim]
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So take note that the interesting thing is that

90[Melvin Lim]
00:03:51,000 –> 00:03:53,920
when we buy a property from the new launch status

91[Melvin Lim]
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during the show flat phase,

92[Melvin Lim]
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the moment it TOPs,

93[Melvin Lim]
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this property then translates into a resale property

94[Melvin Lim]
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in the resale market.

95[Melvin Lim]
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So now that we’ve a set of context,

96[Melvin Lim]
00:04:03,280 –> 00:04:06,040
let’s have a look at the expected year of completion

97[Melvin Lim]
00:04:06,040 –> 00:04:10,200
all the way starting from 2015 to the projection of 2024.

98[Melvin Lim]
00:04:10,200 –> 00:04:13,760
Of course, these charts, they do change with time.

99[Melvin Lim]
00:04:13,760 –> 00:04:16,920
The key reason is because sometimes government land sales,

100[Melvin Lim]
00:04:16,920 –> 00:04:20,080
they have a varying kinds of factors in terms of the amount

101[Melvin Lim]
00:04:20,080 –> 00:04:21,760
of supply that hits the market.

102[Melvin Lim]
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Sometimes the land plot is being activated.

103[Melvin Lim]
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Sometimes developer tender a plot to activate the land sales

104[Melvin Lim]
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and thus, supply does change as on the year-to-year basis.

105[Melvin Lim]
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So this chart, when we look at it next year,

106[Melvin Lim]
00:04:32,600 –> 00:04:34,320
some of the figures might change

107[Melvin Lim]
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because maybe some additional new projects has been launched

108[Melvin Lim]
00:04:37,400 –> 00:04:38,560
in the year 2022.

109[Melvin Lim]
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And thus, that affects the future supply of 2024, 2025, 2026

110[Melvin Lim]
00:04:43,240 –> 00:04:44,560
So take note that we have to look at this

111[Melvin Lim]
00:04:44,560 –> 00:04:46,360
on a year-to-year kind of basis,

112[Melvin Lim]
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but if you notice, there’s this wave that sort of happens

113[Melvin Lim]
00:04:50,040 –> 00:04:52,160
from 2015 on an uptrend

114[Melvin Lim]
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and then it comes down to 2019 being very low

115[Melvin Lim]
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in terms of completion supply.

116[Melvin Lim]
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And then it is going to trend upwards again,

117[Melvin Lim]
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scaling towards 2023 to reach a higher level

118[Melvin Lim]
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of completion supply.

119[Melvin Lim]
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And then very likely it will skew downwards a little bit,

120[Melvin Lim]
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depending on varying factors as well.

121[Melvin Lim]
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So what does this tell us

122[Melvin Lim]
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and how does this help us make a decision

123[Melvin Lim]
00:05:13,720 –> 00:05:16,120
on what kind of properties to go for,

124[Melvin Lim]
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whether is it buying for a primary residence

125[Melvin Lim]
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or whether is it going for investment property,

126[Melvin Lim]
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and what will be the reverse kind of perspective

127[Melvin Lim]
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from different stakeholders.

128[Melvin Lim]
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And different stakeholders,

129[Melvin Lim]
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we are talking about consumers like ourselves.

130[Melvin Lim]
00:05:28,840 –> 00:05:30,560
We’re talking about developers

131[Melvin Lim]
00:05:30,560 –> 00:05:33,920
and we’re talking about the owners that have already bought

132[Melvin Lim]
00:05:33,920 –> 00:05:37,800
into the market previously in some of the new launches.

133[Melvin Lim]
00:05:37,800 –> 00:05:38,960
And let’s have a look.

134[Melvin Lim]
00:05:38,960 –> 00:05:43,760
When we look at this, what has happened in 2020 or 2021?

135[Melvin Lim]
00:05:43,760 –> 00:05:45,960
If you’ve been following our Nuggets On The Go series

136[Melvin Lim]
00:05:45,960 –> 00:05:48,360
is that we have been talking about some key indicators

137[Melvin Lim]
00:05:48,360 –> 00:05:49,640
in the market is that the resale price

138[Melvin Lim]
00:05:49,640 –> 00:05:50,960
has been moving very strongly.

139[Melvin Lim]
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New launch has also been having a lot

140[Melvin Lim]
00:05:52,960 –> 00:05:55,200
of very healthy performance.

141[Melvin Lim]
00:05:55,200 –> 00:05:57,480
Landed property is primetime.

142[Melvin Lim]
00:05:57,480 –> 00:05:59,240
CCR is of course one of the segment

143[Melvin Lim]
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that has not really surpassed it’s peak in 2013,

144[Melvin Lim]
00:06:01,280 –> 00:06:03,240
but it’s gonna surpass it’s peak very soon.

145[Melvin Lim]
00:06:03,240 –> 00:06:05,320
There’s a lot of people putting their attention

146[Melvin Lim]
00:06:05,320 –> 00:06:06,560
on the CCR market,

147[Melvin Lim]
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but what this is telling us is that 2020 to 2021,

148[Melvin Lim]
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it has been the year, basically the past 18 months,

149[Melvin Lim]
00:06:15,080 –> 00:06:17,760
has been the year for resale properties.

150[Melvin Lim]
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Resale properties has seen a lot of transaction volume.

151[Melvin Lim]
00:06:20,560 –> 00:06:22,640
Similarly, it has also been the year

152[Melvin Lim]
00:06:22,640 –> 00:06:24,480
for new launch products.

153[Melvin Lim]
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It has also seen an increase in terms of transaction volume,

154[Melvin Lim]
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or just looking at the amount of transactions

155[Melvin Lim]
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that has happened since January until September.

156[Melvin Lim]
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Based on that level,

157[Melvin Lim]
00:06:32,840 –> 00:06:34,680
moving towards the December phase,

158[Melvin Lim]
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we might be ending the year with close

159[Melvin Lim]
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to about 12,000 transactions compared to last year,

160[Melvin Lim]
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which is about 9,000-odd transactions.

161[Melvin Lim]
00:06:41,200 –> 00:06:44,480
So in terms of year-to-year volume for new launch

162[Melvin Lim]
00:06:44,480 –> 00:06:45,920
and also for resale,

163[Melvin Lim]
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there has been an increase

164[Melvin Lim]
00:06:47,240 –> 00:06:51,040
in the number of transacted properties in both segments.

165[Melvin Lim]
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And of course, bearing in mind,

166[Melvin Lim]
00:06:52,280 –> 00:06:53,800
for the past 10, 15 years,

167[Melvin Lim]
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every month we’re seeing close to about 50%

168[Melvin Lim]
00:06:56,400 –> 00:06:59,160
of transaction in the private residential market,

169[Melvin Lim]
00:06:59,160 –> 00:07:01,200
belonging to the new launch market

170[Melvin Lim]
00:07:01,200 –> 00:07:04,440
and 50% belonging to the resale market.

171[Melvin Lim]
00:07:04,440 –> 00:07:06,480
So these two primary products,

172[Melvin Lim]
00:07:06,480 –> 00:07:08,880
they both have their own audiences,

173[Melvin Lim]
00:07:08,880 –> 00:07:11,000
but the fundamental theory is

174[Melvin Lim]
00:07:11,000 –> 00:07:14,800
that new launch always leads the price movement,

175[Melvin Lim]
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because that has to be a disparity between new launch

176[Melvin Lim]
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and resale.

177[Melvin Lim]
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And this disparity is created

178[Melvin Lim]
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because it is technically like a vicious cycle in a sense,

179[Melvin Lim]
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meaning that, firstly, developer will bid for land.

180[Melvin Lim]
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They will price in their construction costs.

181[Melvin Lim]
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They will price in their margin.

182[Melvin Lim]
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They will price in several other factors.

183[Melvin Lim]
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And of course,

184[Melvin Lim]
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for a developer to be able to be sustainable,

185[Melvin Lim]
00:07:35,520 –> 00:07:38,520
definitely every business has to have a profit margin

186[Melvin Lim]
00:07:38,520 –> 00:07:39,320
in the sense.

187[Melvin Lim]
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So this margin is of course, being translated

188[Melvin Lim]
00:07:41,920 –> 00:07:43,480
into the launch price

189[Melvin Lim]
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and that is being passed on, of course, to consumers.

190[Melvin Lim]
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And that’s a natural process in the entire economy, right?

191[Melvin Lim]
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So when projects are being launched at a certain price,

192[Melvin Lim]
00:07:52,840 –> 00:07:55,720
it sets a new benchmark in a certain region,

193[Melvin Lim]
00:07:55,720 –> 00:07:57,720
a certain district, a certain segment,

194[Melvin Lim]
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thereby causing a ripple effect into the resale pricing

195[Melvin Lim]
00:08:01,240 –> 00:08:02,600
around the new launches.

196[Melvin Lim]
00:08:02,600 –> 00:08:06,000
And thus everytime you will see that resale owners are very excited

197[Melvin Lim]
00:08:06,000 –> 00:08:08,560
when the new launch is popping up in their nearby plots,

198[Melvin Lim]
00:08:08,560 –> 00:08:10,000
and they will be looking at how much

199[Melvin Lim]
00:08:10,000 –> 00:08:11,760
are the developers going to launch it?

200[Melvin Lim]
00:08:11,760 –> 00:08:14,640
What impact does it have on their current resale pricing

201[Melvin Lim]
00:08:14,640 –> 00:08:15,880
in the next few years?

202[Melvin Lim]
00:08:15,880 –> 00:08:18,760
Because the ripple effect happens over the next few years.

203[Melvin Lim]
00:08:18,760 –> 00:08:22,160
When the new launches are being priced at, for example,

204[Melvin Lim]
00:08:22,160 –> 00:08:23,360
let’s say this new launch,

205[Melvin Lim]
00:08:23,360 –> 00:08:25,560
there are two plots that were being sold yesterday

206[Melvin Lim]
00:08:25,560 –> 00:08:27,480
at Slim, what is that?

207[Melvin Lim]
00:08:28,640 –> 00:08:29,800
Slim Barracks.

208[Melvin Lim]
00:08:29,800 –> 00:08:32,880
All right, so the two plots, close to about 10 bids each,

209[Melvin Lim]
00:08:32,880 –> 00:08:35,720
projected potential launch price based on some news articles

210[Melvin Lim]
00:08:35,720 –> 00:08:38,120
is gonna be above $2,100 PSF,

211[Melvin Lim]
00:08:38,120 –> 00:08:41,160
because they were all bidded at about $1200+ PPR.

212[Melvin Lim]
00:08:41,160 –> 00:08:44,040
So let’s say if the developer is gonna launch at $2,100

213[Melvin Lim]
00:08:44,040 –> 00:08:46,840
or maybe $2,200, what’s gonna happen is that

214[Melvin Lim]
00:08:46,840 –> 00:08:49,400
when this project sell out, eventually,

215[Melvin Lim]
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let’s say if I’m the buyer that bought a $2,100-$2,200,

216[Melvin Lim]
00:08:52,080 –> 00:08:54,520
when I wait for three, four years for it to be completed,

217[Melvin Lim]
00:08:54,520 –> 00:08:56,680
I will then want to price it in the market

218[Melvin Lim]
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if I were to sell it when I collect my keys,

219[Melvin Lim]
00:08:58,880 –> 00:09:01,240
maybe at about $2,300, $2,400,

220[Melvin Lim]
00:09:01,240 –> 00:09:03,240
because if I kind of hit that price,

221[Melvin Lim]
00:09:03,240 –> 00:09:05,240
then there’s no reason for me to exit

222[Melvin Lim]
00:09:05,240 –> 00:09:06,440
if I have good holding power.

223[Melvin Lim]
00:09:06,440 –> 00:09:08,800
I would just perhaps rent it out.

224[Melvin Lim]
00:09:08,800 –> 00:09:11,240
I will not sell back at a price that I purchase

225[Melvin Lim]
00:09:11,240 –> 00:09:13,240
if I have very strong holding power,

226[Melvin Lim]
00:09:13,240 –> 00:09:14,960
and that this is an investment property

227[Melvin Lim]
00:09:14,960 –> 00:09:16,840
or maybe I’m just buying for own stay.

228[Melvin Lim]
00:09:16,840 –> 00:09:20,240
So if, let’s say I can successfully hit $2,300,

229[Melvin Lim]
00:09:20,240 –> 00:09:24,200
$2,400 exit price, it then creates a brand new benchmark

230[Melvin Lim]
00:09:24,200 –> 00:09:25,800
on my TOP project.

231[Melvin Lim]
00:09:25,800 –> 00:09:27,280
And that will cause a ripple effect

232[Melvin Lim]
00:09:27,280 –> 00:09:30,120
to some of the surrounding, existing resale projects

233[Melvin Lim]
00:09:30,120 –> 00:09:31,400
surrounding that area.

234[Melvin Lim]
00:09:31,400 –> 00:09:34,080
And it will then create a disparity effect

235[Melvin Lim]
00:09:34,080 –> 00:09:36,400
to create like an upward trend movement

236[Melvin Lim]
00:09:36,400 –> 00:09:37,640
over the next couple of years.

237[Melvin Lim]
00:09:37,640 –> 00:09:39,520
And that’s how the relationship

238[Melvin Lim]
00:09:39,520 –> 00:09:41,960
between new launch, TOP projects

239[Melvin Lim]
00:09:41,960 –> 00:09:44,440
and resale projects come into play.

240[Melvin Lim]
00:09:44,440 –> 00:09:47,040
And this is the exact four boxes

241[Melvin Lim]
00:09:47,040 –> 00:09:48,440
that we are gonna discuss today

242[Melvin Lim]
00:09:48,440 –> 00:09:52,640
because if you look at what has happened in 2017,

243[Melvin Lim]
00:09:52,640 –> 00:09:55,280
so 2017, basically what happened was

244[Melvin Lim]
00:09:55,280 –> 00:09:57,920
that I don’t know whether do you still recall all this news.

245[Melvin Lim]
00:09:57,920 –> 00:10:00,520
This was the 2017 news on Business Time.

246[Melvin Lim]
00:10:00,520 –> 00:10:01,960
It’s actually talking about a property market

247[Melvin Lim]
00:10:01,960 –> 00:10:03,160
on the verge of turning

248[Melvin Lim]
00:10:03,160 –> 00:10:04,400
because what happened was that

249[Melvin Lim]
00:10:04,400 –> 00:10:08,200
that particular two years during this season, 2017,

250[Melvin Lim]
00:10:08,200 –> 00:10:09,440
moving to 2018,

251[Melvin Lim]
00:10:09,440 –> 00:10:11,760
those were the years that en bloc happened.

252[Melvin Lim]
00:10:11,760 –> 00:10:13,920
There were a lot of HUDCs that were en bloc,

253[Melvin Lim]
00:10:13,920 –> 00:10:15,880
for example, Rio Casa, that was being en bloc

254[Melvin Lim]
00:10:15,880 –> 00:10:17,760
into roofer and residences,

255[Melvin Lim]
00:10:17,760 –> 00:10:20,120
and then of course, there was another en bloc that happened

256[Melvin Lim]
00:10:20,120 –> 00:10:22,960
and that translated with Affinity at Serangoon.

257[Melvin Lim]
00:10:22,960 –> 00:10:24,800
Foreign residents came from en bloc as well.

258[Melvin Lim]
00:10:24,800 –> 00:10:27,000
And then the spillover then happened

259[Melvin Lim]
00:10:27,000 –> 00:10:28,880
into a lot of different en blocs

260[Melvin Lim]
00:10:28,880 –> 00:10:32,200
from OCR to RCR, all the way coming into the CCR region.

261[Melvin Lim]
00:10:32,200 –> 00:10:36,160
So 2017, 2018, en bloc happened.

262[Melvin Lim]
00:10:36,160 –> 00:10:38,040
Basically, if I were to bring out this chart,

263[Melvin Lim]
00:10:38,040 –> 00:10:41,160
this was the history, basically starting from 2017.

264[Melvin Lim]
00:10:41,160 –> 00:10:43,160
So let’s have a look at this black box.

265[Melvin Lim]
00:10:43,160 –> 00:10:45,640
So basically when the inventory

266[Melvin Lim]
00:10:45,640 –> 00:10:47,680
in the entire market runs low

267[Melvin Lim]
00:10:47,680 –> 00:10:50,440
on the developers kind of land bank,

268[Melvin Lim]
00:10:50,440 –> 00:10:51,600
basically developers,

269[Melvin Lim]
00:10:51,600 –> 00:10:53,920
they will definitely need to top up the amount

270[Melvin Lim]
00:10:53,920 –> 00:10:55,960
of land bank inventory that they have

271[Melvin Lim]
00:10:55,960 –> 00:10:58,400
and they have to, of course, go through a process

272[Melvin Lim]
00:10:58,400 –> 00:11:00,320
of bidding through government listers

273[Melvin Lim]
00:11:00,320 –> 00:11:02,120
or going for en bloc kind of purchase,

274[Melvin Lim]
00:11:02,120 –> 00:11:03,920
tender process and things like that.

275[Melvin Lim]
00:11:03,920 –> 00:11:06,400
When they have accumulated land,

276[Melvin Lim]
00:11:06,400 –> 00:11:07,720
then basically what they will do is that

277[Melvin Lim]
00:11:07,720 –> 00:11:08,920
over the next two years,

278[Melvin Lim]
00:11:08,920 –> 00:11:10,600
they will then be very focused

279[Melvin Lim]
00:11:10,600 –> 00:11:12,680
while they might continue the top of their land bank,

280[Melvin Lim]
00:11:12,680 –> 00:11:14,960
they will focus, of course, launch their projects,

281[Melvin Lim]
00:11:14,960 –> 00:11:18,280
talk to builders, architects and structure the entire thing,

282[Melvin Lim]
00:11:18,280 –> 00:11:19,320
launch it into the market.

283[Melvin Lim]
00:11:19,320 –> 00:11:22,080
Make sure that the campaign is done correctly.

284[Melvin Lim]
00:11:22,080 –> 00:11:23,440
Pricing is done correctly.

285[Melvin Lim]
00:11:23,440 –> 00:11:24,680
Sell it to the market.

286[Melvin Lim]
00:11:24,680 –> 00:11:27,080
And of course, that then gave rise

287[Melvin Lim]
00:11:27,080 –> 00:11:29,600
to the 2018 to 2020 period,

288[Melvin Lim]
00:11:29,600 –> 00:11:32,480
whereby developers were launching projects aggressively

289[Melvin Lim]
00:11:32,480 –> 00:11:33,280
in the market.

290[Melvin Lim]
00:11:33,280 –> 00:11:35,120
And that was the reason why over that three years,

291[Melvin Lim]
00:11:35,120 –> 00:11:37,640
we saw a lot of new launches pop up in the market.

292[Melvin Lim]
00:11:37,640 –> 00:11:39,520
And I believe a lot of people have, of course,

293[Melvin Lim]
00:11:39,520 –> 00:11:41,480
bought into the projects as well.

294[Melvin Lim]
00:11:41,480 –> 00:11:45,440
And when that happened, 2019 was the interesting year

295[Melvin Lim]
00:11:45,440 –> 00:11:47,640
where new launches hit a new high

296[Melvin Lim]
00:11:47,640 –> 00:11:49,080
in terms of PSF benchmark.

297[Melvin Lim]
00:11:49,080 –> 00:11:50,360
And I’m not sure whether you remember back

298[Melvin Lim]
00:11:50,360 –> 00:11:52,360
in the haydays, 2018 period,

299[Melvin Lim]
00:11:52,360 –> 00:11:54,480
you can still perhaps buy like a 2-bedder

300[Melvin Lim]
00:11:54,480 –> 00:11:56,320
that’s below a million dollars.

301[Melvin Lim]
00:11:56,320 –> 00:11:58,280
Now there’s technically no 2-bedder

302[Melvin Lim]
00:11:58,280 –> 00:11:59,200
that’s below $1 mil dollars.

303[Melvin Lim]
00:11:59,200 –> 00:12:01,160
We are talking about a new benchmark,

304[Melvin Lim]
00:12:01,160 –> 00:12:04,240
entry benchmark of close to about $1.2 mil

305[Melvin Lim]
00:12:04,240 –> 00:12:06,280
for most of the two bedders new launch.

306[Melvin Lim]
00:12:06,280 –> 00:12:08,800
Anything that is below $1 mil definitely is a 1-bedder,

307[Melvin Lim]
00:12:08,800 –> 00:12:10,000
and we’re talking about 1-bedder,

308[Melvin Lim]
00:12:10,000 –> 00:12:12,240
at least over $900K+,

309[Melvin Lim]
00:12:12,240 –> 00:12:14,400
$1 mil dollars for entry-level.

310[Melvin Lim]
00:12:14,400 –> 00:12:16,840
So this is the new benchmark

311[Melvin Lim]
00:12:16,840 –> 00:12:22,840
that has been formed ever since the 2019 to 2021 period

312[Melvin Lim]
00:12:22,840 –> 00:12:26,360
as the balance inventory starts to clear out by itself

313[Melvin Lim]
00:12:26,360 –> 00:12:27,200
through launches.

314[Melvin Lim]
00:12:27,200 –> 00:12:30,680
And then in 2020, disparity occurs with a combination

315[Melvin Lim]
00:12:30,680 –> 00:12:34,280
of factors with COVID being one of the catalysts.

316[Melvin Lim]
00:12:34,280 –> 00:12:37,040
And of course, with a lot of people now focusing

317[Melvin Lim]
00:12:37,040 –> 00:12:39,760
on their homes getting for more bedrooms,

318[Melvin Lim]
00:12:39,760 –> 00:12:41,720
larger sizes, more outdoor space.

319[Melvin Lim]
00:12:41,720 –> 00:12:44,080
Of course, that gives rise to a lot of spillover effect,

320[Melvin Lim]
00:12:44,080 –> 00:12:45,720
pent up demand for landed properties,

321[Melvin Lim]
00:12:45,720 –> 00:12:48,280
strata landed, 4-bedder apartments, penthouses,

322[Melvin Lim]
00:12:48,280 –> 00:12:49,800
ground floors and stuffs like that.

323[Melvin Lim]
00:12:49,800 –> 00:12:53,720
But the disparity also happens between recent

324[Melvin Lim]
00:12:53,720 –> 00:12:55,320
and new launches whereby

325[Melvin Lim]
00:12:55,320 –> 00:12:58,000
a lot of buyers are hunting for very good deals

326[Melvin Lim]
00:12:58,000 –> 00:13:01,840
in the resale market – lower PSF, freehold properties,

327[Melvin Lim]
00:13:01,840 –> 00:13:04,080
or 99-year properties that has that disparity

328[Melvin Lim]
00:13:04,080 –> 00:13:07,960
between the resale PSF versus some of the new launches

329[Melvin Lim]
00:13:07,960 –> 00:13:09,320
in their surrounding estates

330[Melvin Lim]
00:13:09,320 –> 00:13:11,360
That has heated up the entire resale market.

331[Melvin Lim]
00:13:11,360 –> 00:13:15,320
So when you look at 2020 and 2021, where we are right now,

332[Melvin Lim]
00:13:15,320 –> 00:13:17,640
the resale market has technically heated up,

333[Melvin Lim]
00:13:17,640 –> 00:13:20,480
but something has happened right now in the year 2021

334[Melvin Lim]
00:13:20,480 –> 00:13:21,440
towards the tail-end.

335[Melvin Lim]
00:13:21,440 –> 00:13:23,880
We’re noticing that the balance inventory

336[Melvin Lim]
00:13:23,880 –> 00:13:25,400
in some of the new launch projects

337[Melvin Lim]
00:13:25,400 –> 00:13:28,120
that were launched previously in the past one to two years

338[Melvin Lim]
00:13:28,120 –> 00:13:29,600
are starting to clear out very quickly

339[Melvin Lim]
00:13:29,600 –> 00:13:31,760
is because of the fact that a lot of sellers

340[Melvin Lim]
00:13:31,760 –> 00:13:32,680
in the resale market,

341[Melvin Lim]
00:13:32,680 –> 00:13:33,560
I mean, similarly event,

342[Melvin Lim]
00:13:33,560 –> 00:13:34,840
if i’m a seller that wants to sell my property

343[Melvin Lim]
00:13:34,840 –> 00:13:35,680
in the resale market

344[Melvin Lim]
00:13:35,680 –> 00:13:38,160
if I’m holding on to a movable product

345[Melvin Lim]
00:13:38,160 –> 00:13:39,520
and by movable product,

346[Melvin Lim]
00:13:39,520 –> 00:13:41,240
please refer to our previous episodes

347[Melvin Lim]
00:13:41,240 –> 00:13:42,520
because we explained in-depth

348[Melvin Lim]
00:13:42,520 –> 00:13:44,080
that when we’re in the sellers’ market,

349[Melvin Lim]
00:13:44,080 –> 00:13:47,600
not all categories of properties are in the sellers’ market.

350[Melvin Lim]
00:13:47,600 –> 00:13:50,160
There are specific segments that are moving faster

351[Melvin Lim]
00:13:50,160 –> 00:13:51,760
than some other segments.

352[Melvin Lim]
00:13:51,760 –> 00:13:54,080
For example, if you’re holding onto large size apartments,

353[Melvin Lim]
00:13:54,080 –> 00:13:55,880
you would definitely move faster

354[Melvin Lim]
00:13:55,880 –> 00:13:58,000
than holding onto a very small size apartment.

355[Melvin Lim]
00:13:58,000 –> 00:13:59,400
The key reason is because of changing behaviour

356[Melvin Lim]
00:13:59,400 –> 00:14:00,800
after the circuit breaker.

357[Melvin Lim]
00:14:00,800 –> 00:14:02,400
A lot of people are looking for larger size

358[Melvin Lim]
00:14:02,400 –> 00:14:05,080
for their own stay to have more indoor space

359[Melvin Lim]
00:14:05,080 –> 00:14:06,120
for themselves and their kids

360[Melvin Lim]
00:14:06,120 –> 00:14:07,640
and working from home and things like that.

361[Melvin Lim]
00:14:07,640 –> 00:14:10,520
So behavioural changes typically adds on fewer

362[Melvin Lim]
00:14:10,520 –> 00:14:12,640
to some of the specific types of properties

363[Melvin Lim]
00:14:12,640 –> 00:14:14,400
that will move faster in the resale market

364[Melvin Lim]
00:14:14,400 –> 00:14:15,520
compared to other types.

365[Melvin Lim]
00:14:15,520 –> 00:14:17,520
So this is just one example.

366[Melvin Lim]
00:14:17,520 –> 00:14:20,080
So because of that, sellers that are holding on

367[Melvin Lim]
00:14:20,080 –> 00:14:23,080
to movable products, they are pricing their property

368[Melvin Lim]
00:14:23,080 –> 00:14:26,240
at a slightly future asking price.

369[Melvin Lim]
00:14:26,240 –> 00:14:27,880
They’re definitely not pricing their market

370[Melvin Lim]
00:14:27,880 –> 00:14:29,880
at the current transacted price.

371[Melvin Lim]
00:14:29,880 –> 00:14:31,880
Everybody is trying to price their market

372[Melvin Lim]
00:14:31,880 –> 00:14:35,280
at sort of like a future asking price, per se.

373[Melvin Lim]
00:14:35,280 –> 00:14:36,520
And because of that,

374[Melvin Lim]
00:14:36,520 –> 00:14:39,160
I think when buyers hunt for properties in the market,

375[Melvin Lim]
00:14:39,160 –> 00:14:41,000
when they look at these two spectrum,

376[Melvin Lim]
00:14:41,000 –> 00:14:44,000
a higher resale asking price for some of the properties

377[Melvin Lim]
00:14:44,000 –> 00:14:46,240
they’re looking at, then they were thinking,

378[Melvin Lim]
00:14:46,240 –> 00:14:48,760
hey, then should I go for some of the balanced, new launch

379[Melvin Lim]
00:14:48,760 –> 00:14:51,120
that is perhaps gonna TOP very soon

380[Melvin Lim]
00:14:51,120 –> 00:14:52,720
in one year or two years’ time.

381[Melvin Lim]
00:14:52,720 –> 00:14:55,960
And the PSF seems pretty reasonable compared

382[Melvin Lim]
00:14:55,960 –> 00:14:58,760
to some of the brand new, brand new launches

383[Melvin Lim]
00:14:58,760 –> 00:15:01,040
because for new launches, there are two types.

384[Melvin Lim]
00:15:01,040 –> 00:15:05,000
One is we are talking about balance inventory of launches

385[Melvin Lim]
00:15:05,000 –> 00:15:07,560
that has happened in the past one to two years.

386[Melvin Lim]
00:15:07,560 –> 00:15:09,480
Provided of course, the developer didn’t really increase

387[Melvin Lim]
00:15:09,480 –> 00:15:11,560
the price very significantly.

388[Melvin Lim]
00:15:11,560 –> 00:15:14,360
The second type of the brand new, brand new type

389[Melvin Lim]
00:15:14,360 –> 00:15:16,800
and brand new, brand new type basically, definitely,

390[Melvin Lim]
00:15:16,800 –> 00:15:20,080
the new PSF is of a new level, right?

391[Melvin Lim]
00:15:20,080 –> 00:15:21,560
So it’s definitely gonna be a higher PSF

392[Melvin Lim]
00:15:21,560 –> 00:15:23,400
than the balanced ones.

393[Melvin Lim]
00:15:23,400 –> 00:15:25,040
Let me just take a breather

394[Melvin Lim]
00:15:26,400 –> 00:15:27,960
Am I talking like a machine gun ah?

395[Melvin Lim]
00:15:28,880 –> 00:15:30,280
(Melvin chuckling)

396[Melvin Lim]
00:15:30,280 –> 00:15:34,760
By the way, we’re having this halftime commercial break.

397[Melvin Lim]
00:15:34,760 –> 00:15:37,920
So this is our new PLB paper cup, have a look.

398[Melvin Lim]
00:15:37,920 –> 00:15:40,560
Yeah, so anyways, some new cups coming.

399[Melvin Lim]
00:15:41,640 –> 00:15:44,120
It’s of the prime hexagon shape.

400[Melvin Lim]
00:15:44,120 –> 00:15:45,880
Very beautiful cups.

401[Melvin Lim]
00:15:45,880 –> 00:15:47,480
We have three different colours.

402[Melvin Lim]
00:15:47,480 –> 00:15:50,160
One is black, one is white, one is PLB blue.

403[Melvin Lim]
00:15:50,160 –> 00:15:52,040
So stayed tuned.

404[Melvin Lim]
00:15:52,040 –> 00:15:53,960
If you are one of our PLB clients,

405[Melvin Lim]
00:15:53,960 –> 00:15:56,240
you’ll be receiving this during your Christmas.

406[Melvin Lim]
00:15:56,240 –> 00:15:58,320
It’s one of our yearly Christmas gift

407[Melvin Lim]
00:15:58,320 –> 00:15:59,480
for our existing customers,

408[Melvin Lim]
00:15:59,480 –> 00:16:01,520
so we’re sending these cups along to your way,

409[Melvin Lim]
00:16:01,520 –> 00:16:04,600
so for your family to utilise and enjoy them.

410[Melvin Lim]
00:16:04,600 –> 00:16:07,520
It’s our merchandise free of charge for our existing clients

411[Melvin Lim]
00:16:07,520 –> 00:16:08,600
for you.

412[Melvin Lim]
00:16:10,960 –> 00:16:12,360
Okay, let’s head back.

413[Melvin Lim]
00:16:12,360 –> 00:16:14,120
Okay, so yeah, where were we?

414[Melvin Lim]
00:16:14,120 –> 00:16:16,200
So we’re talking about a brand new, brand new type

415[Melvin Lim]
00:16:16,200 –> 00:16:18,440
of PSF pricing is definitely much higher

416[Melvin Lim]
00:16:18,440 –> 00:16:22,120
than those balanced ones, provided whoever hasn’t really

417[Melvin Lim]
00:16:22,120 –> 00:16:24,320
increased their prices significantly.

418[Melvin Lim]
00:16:24,320 –> 00:16:28,000
So this is one part that we think is, right now,

419[Melvin Lim]
00:16:28,000 –> 00:16:31,680
an opportunity if you can hunt for this type of balance,

420[Melvin Lim]
00:16:31,680 –> 00:16:33,880
new launches, provided, of course, they are in a location

421[Melvin Lim]
00:16:33,880 –> 00:16:35,240
that suits your needs.

422[Melvin Lim]
00:16:35,240 –> 00:16:37,240
They’re in the location that suits your investment

423[Melvin Lim]
00:16:37,240 –> 00:16:39,080
kind of angle as well.

424[Melvin Lim]
00:16:39,080 –> 00:16:41,240
Of course, do not buy them hastily,

425[Melvin Lim]
00:16:41,240 –> 00:16:43,080
try to make sure that you go through

426[Melvin Lim]
00:16:43,080 –> 00:16:44,240
an entire checklist to make sure

427[Melvin Lim]
00:16:44,240 –> 00:16:45,800
that this is a sound investment

428[Melvin Lim]
00:16:45,800 –> 00:16:48,320
for potential, future uptrend gain.

429[Melvin Lim]
00:16:48,320 –> 00:16:50,120
Or maybe even if you cannot exit them

430[Melvin Lim]
00:16:50,120 –> 00:16:51,760
in three, five, eight years time,

431[Melvin Lim]
00:16:51,760 –> 00:16:53,800
you can still rent out, collect rental income

432[Melvin Lim]
00:16:53,800 –> 00:16:54,640
and things like that.

433[Melvin Lim]
00:16:54,640 –> 00:16:56,280
Okay, so some examples.

434[Melvin Lim]
00:16:56,280 –> 00:16:57,840
Of course, if you look at this chart,

435[Melvin Lim]
00:16:57,840 –> 00:17:00,960
we did some comparisons with existing launches

436[Melvin Lim]
00:17:00,960 –> 00:17:03,200
as well as some products that has just hit the market

437[Melvin Lim]
00:17:03,200 –> 00:17:06,040
in terms of new, TOP asking prices.

438[Melvin Lim]
00:17:06,040 –> 00:17:08,320
So the second part of this nuggets

439[Melvin Lim]
00:17:08,320 –> 00:17:09,560
that we’re gonna talk about is that

440[Melvin Lim]
00:17:09,560 –> 00:17:13,000
this then give us a very interesting perspective as well

441[Melvin Lim]
00:17:13,000 –> 00:17:16,040
because of the fact that this has increased in prices,

442[Melvin Lim]
00:17:16,040 –> 00:17:18,600
in asking price in the last 18 months,

443[Melvin Lim]
00:17:18,600 –> 00:17:21,640
some of these balance new launch per square foot prices

444[Melvin Lim]
00:17:21,640 –> 00:17:23,160
seems pretty interesting,

445[Melvin Lim]
00:17:23,160 –> 00:17:24,520
pretty attractive as well,

446[Melvin Lim]
00:17:24,520 –> 00:17:27,080
provided that it has not increased in price yet

447[Melvin Lim]
00:17:27,080 –> 00:17:29,520
because what is gonna happen in the next two years,

448[Melvin Lim]
00:17:29,520 –> 00:17:34,360
2022, 2023, developers are going to top up their land bank.

449[Melvin Lim]
00:17:34,360 –> 00:17:36,960
They are going to bid for land again

450[Melvin Lim]
00:17:36,960 –> 00:17:39,240
from GLS, from en bloc.

451[Melvin Lim]
00:17:39,240 –> 00:17:40,160
Maybe that will happen.

452[Melvin Lim]
00:17:40,160 –> 00:17:42,400
We’re not saying that that will definitely happen,

453[Melvin Lim]
00:17:42,400 –> 00:17:47,400
but as their project starts to complete in 2021, 2022 and 2023

454[Melvin Lim]
00:17:49,560 –> 00:17:52,160
because they are gonna hand over their projects

455[Melvin Lim]
00:17:52,160 –> 00:17:54,320
to the buyers that have bought them.

456[Melvin Lim]
00:17:54,320 –> 00:17:56,280
The TOP is going to be completed.

457[Melvin Lim]
00:17:56,280 –> 00:17:58,320
What that means is that developers

458[Melvin Lim]
00:17:58,320 –> 00:18:01,520
are then going to launch new projects.

459[Melvin Lim]
00:18:01,520 –> 00:18:03,640
And in order to launch new projects,

460[Melvin Lim]
00:18:03,640 –> 00:18:06,360
the next year is going to be a year

461[Melvin Lim]
00:18:06,360 –> 00:18:09,360
that they will very likely top up the land bank.

462[Melvin Lim]
00:18:09,360 –> 00:18:11,160
And thus from this graph,

463[Melvin Lim]
00:18:11,160 –> 00:18:14,440
you can see the activity from a developer’s point of view

464[Melvin Lim]
00:18:14,440 –> 00:18:17,600
because they are gonna hand over their completed products.

465[Melvin Lim]
00:18:17,600 –> 00:18:20,240
They then need to top up the land bank

466[Melvin Lim]
00:18:20,240 –> 00:18:22,640
in order to launch new products.

467[Melvin Lim]
00:18:22,640 –> 00:18:24,720
So based on our opinion,

468[Melvin Lim]
00:18:24,720 –> 00:18:26,720
we think that 2022 will be the year

469[Melvin Lim]
00:18:26,720 –> 00:18:29,360
that there’s gonna be a lot of aggressive land bids.

470[Melvin Lim]
00:18:29,360 –> 00:18:30,520
What that might happen is

471[Melvin Lim]
00:18:30,520 –> 00:18:32,680
that it will then create a new benchmark,

472[Melvin Lim]
00:18:32,680 –> 00:18:33,840
new launch price.

473[Melvin Lim]
00:18:33,840 –> 00:18:37,080
With that being set in terms of benchmark pricing,

474[Melvin Lim]
00:18:37,080 –> 00:18:39,080
we’re also going to see this category.

475[Melvin Lim]
00:18:39,080 –> 00:18:42,720
Newly TOP, PSF will then set new benchmark prices as well

476[Melvin Lim]
00:18:42,720 –> 00:18:44,360
because have a look at the amount

477[Melvin Lim]
00:18:44,360 –> 00:18:46,480
TOP projects that are going to hit the market.

478[Melvin Lim]
00:18:46,480 –> 00:18:49,120
It then means that the owners that have bought

479[Melvin Lim]
00:18:49,120 –> 00:18:53,840
in this season, 2019 to 2020, or 2018 to 2020,

480[Melvin Lim]
00:18:53,840 –> 00:18:55,840
they are gonna collect their keys over here.

481[Melvin Lim]
00:18:55,840 –> 00:18:57,240
And if they need to sell,

482[Melvin Lim]
00:18:57,240 –> 00:18:59,400
they will definitely price their properties

483[Melvin Lim]
00:18:59,400 –> 00:19:02,440
at at least $200, $300, $400 PSF,

484[Melvin Lim]
00:19:02,440 –> 00:19:05,280
more than the purchase price that they bought during launch.

485[Melvin Lim]
00:19:05,280 –> 00:19:07,680
And then we’re going to see a new benchmark

486[Melvin Lim]
00:19:07,680 –> 00:19:09,200
in this category also.

487[Melvin Lim]
00:19:09,200 –> 00:19:10,880
So we’re gonna see two new benchmarks.

488[Melvin Lim]
00:19:10,880 –> 00:19:12,320
This and this.

489[Melvin Lim]
00:19:12,320 –> 00:19:16,160
And with this continuous movement in resale asking prices

490[Melvin Lim]
00:19:16,160 –> 00:19:17,760
as well from the resale sellers,

491[Melvin Lim]
00:19:17,760 –> 00:19:21,320
it then means that if I can hunt for something here,

492[Melvin Lim]
00:19:21,320 –> 00:19:24,800
this could be one of the remaining competing products left

493[Melvin Lim]
00:19:24,800 –> 00:19:27,960
in 2021, 2022 that might have decent entry

494[Melvin Lim]
00:19:27,960 –> 00:19:30,000
in terms of PSF and quantum price.

495[Melvin Lim]
00:19:30,000 –> 00:19:32,640
So what this means for you is that in conclusion

496[Melvin Lim]
00:19:32,640 –> 00:19:33,480
from this episode,

497[Melvin Lim]
00:19:33,480 –> 00:19:35,800
I think it will be good if you can continue

498[Melvin Lim]
00:19:35,800 –> 00:19:39,800
to hunt for resale condos that has good attributes.

499[Melvin Lim]
00:19:39,800 –> 00:19:41,120
If you can hunt for freeholds

500[Melvin Lim]
00:19:41,120 –> 00:19:44,080
or you can hunt for 99-year that have very good entry prices

501[Melvin Lim]
00:19:44,080 –> 00:19:45,800
in terms of PSF or quantum price offers.

502[Melvin Lim]
00:19:45,800 –> 00:19:47,680
And of course, after you’ve done your homework

503[Melvin Lim]
00:19:47,680 –> 00:19:49,960
to make sure that, I mean, PLB in short,

504[Melvin Lim]
00:19:49,960 –> 00:19:52,440
we have this MOAT analysis that we have a scoring system,

505[Melvin Lim]
00:19:52,440 –> 00:19:55,480
of course, with close to 30 factors that then allow us

506[Melvin Lim]
00:19:55,480 –> 00:19:58,320
to give a final scoring upon a hundred point system

507[Melvin Lim]
00:19:58,320 –> 00:19:59,960
on whether this project has a higher score

508[Melvin Lim]
00:19:59,960 –> 00:20:02,360
as compared to the other three, four, five projects.

509[Melvin Lim]
00:20:02,360 –> 00:20:05,040
And of course, if you need a consultation service with PLB,

510[Melvin Lim]
00:20:05,040 –> 00:20:06,320
we have a buyer specialist team

511[Melvin Lim]
00:20:06,320 –> 00:20:08,920
that specialises in analyzing MOAT analysis,

512[Melvin Lim]
00:20:08,920 –> 00:20:11,280
pricing mechanism for our buyers and investors.

513[Melvin Lim]
00:20:11,280 –> 00:20:13,880
So we go through that lengthy process with our clients

514[Melvin Lim]
00:20:13,880 –> 00:20:15,760
over two to three different sessions.

515[Melvin Lim]
00:20:15,760 –> 00:20:16,960
Can click on the link down below

516[Melvin Lim]
00:20:16,960 –> 00:20:19,040
if you need to speak to some of our consultants.

517[Melvin Lim]
00:20:19,040 –> 00:20:21,120
But of course, if you’re doing your own homework yourself,

518[Melvin Lim]
00:20:21,120 –> 00:20:23,120
do continue to hunt for resale properties

519[Melvin Lim]
00:20:23,120 –> 00:20:24,240
that has good attributes.

520[Melvin Lim]
00:20:24,240 –> 00:20:26,480
And then there are a lot of hidden gems

521[Melvin Lim]
00:20:26,480 –> 00:20:29,320
in the freehold, 999-year leasehold market.

522[Melvin Lim]
00:20:29,320 –> 00:20:30,680
There are also a lot of hidden gems

523[Melvin Lim]
00:20:30,680 –> 00:20:33,360
in 99-year projects that has very good entry

524[Melvin Lim]
00:20:33,360 –> 00:20:35,000
in terms of PSF, quantum.

525[Melvin Lim]
00:20:35,000 –> 00:20:37,800
And the second category that you can look at

526[Melvin Lim]
00:20:37,800 –> 00:20:39,360
is definitely this segment,

527[Melvin Lim]
00:20:39,360 –> 00:20:40,200
which are the balanced,

528[Melvin Lim]
00:20:40,200 –> 00:20:43,480
new launch PSF pricing entry price market.

529[Melvin Lim]
00:20:43,480 –> 00:20:46,120
And of course, do take note that when we talk about PSF,

530[Melvin Lim]
00:20:46,120 –> 00:20:48,200
we also want to look at the entry quantum price.

531[Melvin Lim]
00:20:48,200 –> 00:20:50,880
So these two segments, very interesting segment to look for

532[Melvin Lim]
00:20:50,880 –> 00:20:54,720
in the last quarter of 2021, moving forward towards 2022.

533[Melvin Lim]
00:20:54,720 –> 00:20:56,600
So we hope that today’s Nuggets On The Go

534[Melvin Lim]
00:20:56,600 –> 00:20:58,080
is beneficial for you.

535[Melvin Lim]
00:20:58,080 –> 00:21:00,480
Of course, we want to look at what we have been talking

536[Melvin Lim]
00:21:00,480 –> 00:21:01,920
about in the more visual format.

537[Melvin Lim]
00:21:01,920 –> 00:21:03,520
Tune into our YouTube channel.

538[Melvin Lim]
00:21:03,520 –> 00:21:05,880
If you are now on the road listening on Apple Podcasts

539[Melvin Lim]
00:21:05,880 –> 00:21:08,120
or Spotify, you can listen on the go,

540[Melvin Lim]
00:21:08,120 –> 00:21:10,640
but I think visual format where we’re showing this charts

541[Melvin Lim]
00:21:10,640 –> 00:21:12,440
to you will be on YouTube channel

542[Melvin Lim]
00:21:12,440 –> 00:21:14,480
and of course IGTV and Facebook as well.

543[Melvin Lim]
00:21:14,480 –> 00:21:16,960
So we hope that today’s episode adds value to you.

544[Melvin Lim]
00:21:16,960 –> 00:21:19,480
Once again, we’re gonna leave all the links down below

545[Melvin Lim]
00:21:19,480 –> 00:21:20,680
on previous episodes.

546[Melvin Lim]
00:21:20,680 –> 00:21:23,120
If you need to gain access to our webinar series

547[Melvin Lim]
00:21:23,120 –> 00:21:25,360
that we have done with some of our partners as well

548[Melvin Lim]
00:21:25,360 –> 00:21:27,920
over the past two months, landed webinar series.

549[Melvin Lim]
00:21:27,920 –> 00:21:32,840
You need access to the 83 page report to what is available

550[Melvin Lim]
00:21:32,840 –> 00:21:35,360
within a 500 meters radius from MRT line.

551[Melvin Lim]
00:21:35,360 –> 00:21:36,440
All these links are down below,

552[Melvin Lim]
00:21:36,440 –> 00:21:37,960
right here for you to sign up.

553[Melvin Lim]
00:21:37,960 –> 00:21:39,120
It’s free of charge for you,

554[Melvin Lim]
00:21:39,120 –> 00:21:40,800
for our listeners and audience.

555[Melvin Lim]
00:21:40,800 –> 00:21:43,080
And meantime, stay safe and take care

556[Melvin Lim]
00:21:43,080 –> 00:21:45,240
as a we’re in October season right now.

557[Melvin Lim]
00:21:45,240 –> 00:21:47,400
And we hope that everything turns out for you well.

558[Melvin Lim]
00:21:47,400 –> 00:21:49,160
And of course, stay prudent as well

559[Melvin Lim]
00:21:49,160 –> 00:21:51,400
before you purchase any property.

560[Melvin Lim]
00:21:51,400 –> 00:21:53,560
And always remember, it’s very easy to purchase,

561[Melvin Lim]
00:21:53,560 –> 00:21:55,680
but make sure that you visualise the exit.

562[Melvin Lim]
00:21:55,680 –> 00:21:57,280
Look for disparity effect.

563[Melvin Lim]
00:21:57,280 –> 00:21:59,640
Look for prime hexagon that we’ve been talking about.

564[Melvin Lim]
00:21:59,640 –> 00:22:01,280
And once again, my name is Melvin Lim.

565[Melvin Lim]
00:22:01,280 –> 00:22:03,760
Happy to have you with us to the end of this episode

566[Melvin Lim]
00:22:03,760 –> 00:22:04,600
and meantime, take care.

567[Melvin Lim]
00:22:04,600 –> 00:22:06,320
We’ll see you on the next one, cheers.