20 Tips for Every Property Investor | with Eric Chiew, founder of Credit Savvy | Sofa So Good S2 Ep2

Welcome back to another one of our Sofa So Good episodes of the second season! This time, Melvin chats with Eric about the property market, what are some of his observations and his foresight as well as diving down to a few of his methodologies; including calculating investment potential and return on investment for dummies.

Come find out more as PropertyLimBrothers take you on a laid-back session of interest rates, cooling measures, Rolex watches and more, on this episode of Sofa So Good with Melvin and Eric.

00:00 Introduction
03:38 Lesson #1 Work only if you're learning
04:51 Lesson #2 Having a good working ethics lands you jobs
07:09 Power of Investing
07:16 Lesson #3 If you can, start a business
07:22 Lesson #4 Don't forget to invest in property
08:15 Crazy Market
11:02 Home seekers looking towards larger but older flats
14:47 Cooling Measures controls the market to give us opportunity to grow
17:02 Decoupling on the rise
22:17 Justifying property purchases
22:47 Asset Inflation
28:42 Market Status
30:39 Don't buy properties on impulse
31:66 Easy to buy, hard to sell. Analysis is important
34:07 Eric Chiew: Will buy new launch if he has $1 mil.
35:41 Try not to go for larger units, as there will be hitting towards the landed prices
35:47 Always aim to get something with appreciation (just like marriage)
36:02 Near to MRT does NOT guarantee profitable upon selling
38:47 Previously, 3-bedder is favoured due to quantum and demand
38:57 4-bedders are now in demand due to space and rarity of the layout
39:25 Condos away from MRT is still profitable
40:32 Don't mix family with property investments
43:27 Lowest property bank interest so far stimulates property purchases
44:52 Choosing the right property is top priority
49:52 If your rental already covers the property interest, you are making money
55:07 higher rental in SG?
55:26 Enhance your property - Reno, furnishing and Buy a true dual-key unit
59:03 Buying a property has flexibility to sell when you want to
59:48 Visualise your end goal for your property
1:00:41 Thomson-East Coast Line Look out for properties near it!
01:02:09 Singapore is stable, and will complete properties regardless of internal uncertainties e.g. SARS
01:02:15 There's always opportunities, you just need to know who know better
1:03:02 Check out URA website for future developments in SG
01:04:03 Don't forget to invest in properties as you age
01:04:55 Why don't Singaporeans see the benefits of property investments?
1:05:04 Risk Adverse
1:07:02 Properties are a big quantum play
1:08:42 Don't leave property out of your portfolio
1:09:49 Property investing doesn't apply as much, if you can earn more in your business

#PropertyLimBrothers​ #EricChiew #MelvinLim
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PropertyLimBrothers is an independent team under the umbrella of PropNex Realty Pte Ltd (Agency Licence No. L3008022J)

Beginning in 2007, PropertyLimBrothers has grown to help over 1400 clients transact their homes. We recently set an incredible record in Singapore during the last 24 months - transacting over 269 properties.

From humble beginnings as Singapore prison officers, co-founders Melvin and Adrian decided to begin something memorable together. Since then, they have transacted more than 1400 properties and successfully helped many families with their real estate needs and investment properties.

PropertyLimBrothers is the first in Singapore to create Home Presentation Tours with a welcoming approach - weaving plus points, features, benefits and crafting a story for each property.

Producing Signature Home Tour videos with unique content has become PropertyLimBrothers's daily bread. Content are created and curated in-house (PropertyLimBrothersMedia), as with the social media analytics and Editorial Team.