Lionel C Real Estate

26/06/2020

Sold this beautiful unit during the Circuit Breaker!

An old friend referred me to her daughter's case which the previous agent couldn't find a buyer for the past 4 months.

I was quite puzzled because how can such a beautiful house not be sold within 4 months and yet the unit on the first floor was sold?

So I took over the listing and worked on the problems which I identified and within a week I managed to get viewings done over zoom and when the buyers came down on the 2nd day of phase 2, they fell in love with the house and the rest is history.

I definitely did not want to let my friend down and I am glad I managed to attain the HIGHEST price in this cluster💪

At the end of the day, everyone is happy! That's the most important.

What a good day!😁 Phase 2 has just started and very soon we will be entering phase 3!

Time to get back on the grind and make the best out of 2020!

22/05/2020

Looking to capitalize on real estate in this current situation?

Watch this Video to learn how you too can play the property game well!

Suitable for:
✅People who want their 𝐂𝐏𝐅 𝐭𝐨 𝐰𝐨𝐫𝐤 𝟑𝐗 𝐡𝐚𝐫𝐝𝐞𝐫 for them + Cash it out Earlier & Faster!
✅𝐒𝐞𝐫𝐢𝐨𝐮𝐬 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 looking for 𝐎𝐧𝐜𝐞-𝐢𝐧-𝐚-𝐥𝐢𝐟𝐞𝐭𝐢𝐦𝐞 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐁𝐚𝐫𝐠𝐚𝐢𝐧𝐬 right 𝗡𝗢𝗪
✅𝐅𝐢𝐫𝐬𝐭 𝐭𝐢𝐦𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 - aspiring to profit from property but not sure 𝐡𝐨𝐰 𝐭𝐨 𝐬𝐩𝐨𝐭 𝐠𝐨𝐨𝐝 𝐥𝐨𝐛𝐚𝐧𝐠𝐬

For any questions, Whatsapp me for an In-depth Consult at: +65 8869 5589 or Click on the Messenger icon to chat!

22/05/2020

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐒𝐄𝐂𝐔𝐑𝐄 💰𝟔-𝟕 𝐅𝐈𝐆𝐔𝐑𝐄 𝐏𝐑𝐎𝐅𝐈𝐓𝐒💰 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐂𝐎𝐕𝐈𝐃𝟏𝟗 𝐂𝐑𝐈𝐒𝐈𝐒?
Watch this Video to learn how you too can play the property game well!

Suitable for:
✅People who want their 𝐂𝐏𝐅 𝐭𝐨 𝐰𝐨𝐫𝐤 𝟑𝐗 𝐡𝐚𝐫𝐝𝐞𝐫 for them + Cash it out Earlier & Faster!
✅𝐒𝐞𝐫𝐢𝐨𝐮𝐬 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 looking for 𝐎𝐧𝐜𝐞-𝐢𝐧-𝐚-𝐥𝐢𝐟𝐞𝐭𝐢𝐦𝐞 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐁𝐚𝐫𝐠𝐚𝐢𝐧𝐬 right 𝗡𝗢𝗪
✅𝐅𝐢𝐫𝐬𝐭 𝐭𝐢𝐦𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 - aspiring to profit from property but not sure 𝐡𝐨𝐰 𝐭𝐨 𝐬𝐩𝐨𝐭 𝐠𝐨𝐨𝐝 𝐥𝐨𝐛𝐚𝐧𝐠𝐬

For any questions, Whatsapp me for an In-depth Consult at: +65 8869 5589 or Click on the Messenger icon to chat!

30/04/2020

⛔𝐃𝐨𝐧’𝐭 𝐫𝐞𝐩𝐞𝐚𝐭 𝐭𝐡𝐞 𝐦𝐢𝐬𝐭𝐚𝐤𝐞 𝐭𝐡𝐚𝐭 𝟗𝟑% 𝐨𝐟 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐒𝐞𝐥𝐥𝐞𝐫𝐬 𝐦𝐚𝐝𝐞!⛔

𝐔𝐩 𝐭𝐨 𝟔 𝐝𝐢𝐠𝐢𝐭𝐬 𝐰𝐨𝐫𝐭𝐡 𝐨𝐟 𝐂𝐚𝐬𝐡 𝐏𝐫𝐨𝐟𝐢𝐭𝐬 from the Sale of your current property 𝐜𝐚𝐧 𝐛𝐞 𝐆𝐎𝐍𝐄 💸💸 if you 𝗳𝗮𝗶𝗹 to PAY ATTENTION to this! ☝

This video is Must-Watch especially if you want to:
✅RETAIN 𝐌𝐀𝐗𝐈𝐌𝐔𝐌 𝐂𝐀𝐒𝐇 𝐏𝐑𝐎𝐅𝐈𝐓𝐒 from selling your HDB
✅don't want all your money to go back into CPF
✅or worst still… pay for it out 𝐅𝐑𝐎𝐌 𝐲𝐨𝐮𝐫 𝐩𝐨𝐜𝐤𝐞𝐭𝐬 😩 (Yes, it has happened to 1 in 4 property owners)

26/03/2020

"As more cities and countries get locked down to stem the spread of Covid-19, anecdotal evidence is that some wealthy individuals see Singapore as a safe haven — certainly one that is worth flying into Seletar Airport on a private jet, even if it means a 14-day self-quarantine upon arrival.
Many of these high-net-worth individuals are from Indonesia, although there are others from neighbouring Asean countries such as Cambodia and Vietnam, says Bruce Lye, managing partner of real estate broker, SRI. “They like the way the Singapore government is handling the Covid-19 outbreak,” he adds. “They feel safer in Singapore than in their own country. In the event of infection, they would rather seek treatment at medical facilities here.”"

With the advance of social media, things are much different now compared to the times during SARS.
Any news related to Covid-19 will be shared in a matter of seconds.
That being said, news of Singapore being praised for how we handle this pandemic is already reaching everyone globally through social media.
Property prices have increased after the SARS outbreak, so likely would be the same for Covid-19.
But with this new found "recognition", would you say that there would be even more high net worth looking into Singapore?
Perhaps someone like Jim Rowan, Dyson's CEO?

That would definitely mean that property prices would increase even higher than before.
We have already seen numerous investors from US and Europe coming into the real estate market in Singapore to make use of this opportunity during this crisis.
Not to mention, interest rates are even lower, which means more savings.

If this is not the best time to consider coming into the real estate market, when would it be?

Feel free to drop me a message to find out more.

Lionel Chew
☎️ +65 88695589
Preeminent Group, ERA Champion Group

https://www.edgeprop.sg/property-news/covid-19-may-amplify-attractiveness-singapore%E2%80%99s-real-estate-market?utm_term=Autofeed&utm_medium=article&utm_source=Facebook =1584682734

The world is in turmoil with lockdowns and heightened travel restrictions. Things are likely to worsen in the short term, but Singapore’s handling of the outbreak makes it look like a ‘safe haven’

19/03/2020

"SINGAPORE - Singapore’s new home sales in February surged more than 114 per cent from a year ago, defying the coronavirus outbreak and a looming global recession.

Posting the second-strongest February sales performance in eight years, developers moved 975 private homes – up 57.3 per cent from the 620 units they sold the month before, driven by competitively-priced new projects. The latest figure is also 114 per cent higher than the 455 units developers sold in February last year.

The data excludes executive condominium (EC) units, for which there was pent-up demand, with Parc Canberra in Sembawang, the only new EC launch so far this year."

You must be wondering why there is a surge in home sales despite the corona virus.
Recession everywhere, stock market plunge, how is it possible for buyers to still go in during this time?

The answer is very simple.
Because its always the best time to buy during a crisis!
Not only do you gain from the all time low interest rates, developers are lowering their expected selling price to attract buyers!
Based on what happened in 2003 which was SARS, we have seen property prices increase by leaps and bounds till date.
That is why savvy buyers are aware of the expected increase once this blows over.

Albert Einstein said, “in the midst of every crisis, lies great opportunity.”

If you like to take this golden opportunity to buy the RIGHT property, feel free to drop me a message.

Lionel Chew
☎️ +65 88695589
Preeminent Group, ERA Champion Group

The latest figure is also 114 per cent higher than the 455 units developers sold in February 2019.. Read more at straitstimes.com.

24/02/2020

"Private residential prices in Singapore grew 2.5% in 2019, despite cooling measures imposed by the government in late 2018 and amid a subdued economy, and are forecast to grow 3% in 2020, according to research by Colliers International.
The “record high” of housing supply from 2014 to 2017 is expected to taper off from 2018 to 2021, and peak again from 2022 to 2023 once the developments that were sold from the collective sales wave of 2017 to 2018 are completed, notes Colliers. Completions, meanwhile, are expected to be low in 2024. Vacancy has declined steadily to 6.4% from 3Q2017’s rate of 9.3%. Colliers expects that it will improve to 6% by end-2020, before increasing once again as new stock completes from 2021 to 2023.
The firm expects rents to grow 5% in 2020 amid declining vacancy. However, rents could see a decline from 2022 to 2023 on rising vacancy."

In the real estate market, there will always be high and lows of supply & demand.
Simple reason being that property needs a longer time to be build compared to increase in demand from bigger population.
Therefore, it's crucial to take note of the current cycle and the estimated cycle based on your plans when purchasing a property.
For example, those who are looking at investment, you would have to take note of the completed projects around the same time if you are looking at new launches whereas you can expect immediate returns for resale property.
That being said, new launches would generally give you a higher capital appreciation compared to resale.
So depending on how many years you plan to hold the property, you can actually predict the cycle and make a more informed choice.

Feel free to drop me a message if you would like to understand about the different cycles of the real estate market in Singapore.

Lionel Chew
☎️ +65 88695589
Preeminent Group, ERA Champion Group

Private residential prices in Singapore grew 2.5% in 2019, despite cooling measures imposed by the government in late 2018 and amid a subdued economy, and are forecast to grow 3% in 2020, according to research by Colliers International

24/02/2020

Here is a short video as to why Investors are still looking to invest in Singapore property!

https://www.facebook.com/cnbcinternational/videos/2076987942404024/

Looking for someone to chat about this video, hit me up!
Lionel Chew
☎️ +65 88695589
Preeminent Group, ERA Champion Group

20/01/2020

"We expect home price growth to reflect the recovering real GDP (gross domestic product) growth rates of 1.5 per cent in both 2020 and 2021 after growth decelerated to 0.6 per cent in the first half of 2019," the credit ratings agency said in its Global Housing and Mortgage Outlook 2020 report out on Wednesday (Dec 18).

Private home prices declined by 0.7 per cent from the third quarter of 2018 and the first quarter of 2019 after the July 2018 property cooling measures and mortgage rate increases, which both dampened market sentiment. Prices rebounded slightly in the second quarter of 2019, and Fitch Ratings projects minor growth for the rest of this year.

It said improving borrower affordability, as household incomes grow faster than home prices, and lower interest rates will contribute to rising home prices.

But it added that: "If the government views home prices as rising more than is justified by economic fundamentals, we expect the government would again cool the market through macro-prudential measures."

Before we celebrate Chinese New Year, here is something that could be a conversation starter during gatherings, a prediction by Fitch Ratings, one of US Big Three credit rating agencies.
Well, it seems that the market would not be going down anytime soon.
IN FACT, there might be "another" cooling measure.
Most people probably won't be able to tell why, so if you are really interested to understand the economics behind this, feel free to PM me.

Lionel Chew
☎️ +65 88695589
Preeminent Group, ERA Champion Group

The agency said improving borrower affordability, as household incomes grow faster than home prices, and lower interest rates will contribute to rising home prices.. Read more at straitstimes.com.

06/01/2020

"Still, with prices rising by a much smaller margin in 2019 vis-a-vis 2018, Cushman & Wakefield's head of research for Singapore and South-east Asia Christine Li said: "This strengthens the notion that there is no excessive exuberance in the Singapore residential market and prices are likely to stay in line with economic fundamentals and affordability. There is thus no need for the government to intervene at this juncture, as the market is finding its own equilibrium."

In the fourth quarter of last year, prices of landed property rose 4 per cent, after edging up 1 per cent in Q3 2019. Dr Lee Nai Jia, head of research at Knight Frank, said: "The improvement in prices of landed properties could be due to sustained interest from buyers, who feel that landed homes are good assets for wealth preservation amid the uncertain economic outlook. The increase could also be reflective of the higher prices of choice landed properties which transacted in Q4."

First property news of 2020 and we are told that private home sales are expected to increase. I am sure this is great news for those who have already made their purchase way earlier.

Right now you might be thinking, how can property keep on increasing in price? It must come down soon!

I am sure these were the exact thoughts of most buyers back in the year 2000.
But for those who bought 20 years ago, do you know how much profit they are looking at right now?

It's never about now or the next 5 years. Its the capital appreciation you are guaranteed to get in the next decade or two. Why?
Real estate in Singapore has always remain resilient because of land scarcity.
This is just ONE factor which contributes to why real estate is safe in Singapore.

If you wish to find out more and how real estate can help you grow your wealth and give you that retirement dream you always have, feel free to drop me a message!

Lionel Chew
☎️ +65 88695589
Preeminent Group, ERA Champion Group

Read more at The Business Times.

19/12/2019

Ms Christine Sun, head of research at OrangeTee & Tie, said the projected supply is "slightly higher than expected". She noted that more than 23,000 HDB flats will be reaching their minimum occupation period next year and can be sold on the open market. "The increased competition may have some downward pressure on prices of new resale flats," she added.

It is certainly good news that more BTO will be rolled out in 2020 to meet the increased demands after new grants have been introduced. I believe this movement is to curb resale prices from rising too high, afterall HDB was meant to be affordable to the people.

Now, here is a food for thought.

-What does it mean for those whose flat is about to MOP or have been renting out all these years?
-Is there still value in holding on to them or will it significantly drop?
-What should one consider in their next step to assure that they can grow their wealth through property in Singapore?

I believe these are important questions one should ask as they embark on their property journey. Afterall, making the right decision could matter if you end up with multiple property or stuck with the wrong property.

Find it hard to believe?

PM me to find out more
Lionel Chew
☎️ +65 88695589
Preeminent Group, ERA Champion Group

Around 16,000 to 17,000 Build-To-Order (BTO) flats will be launched next year to meet additional demand following key policy changes this year, National Development Minister Lawrence Wong announced in a blog post yesterday.. Read more at straitstimes.com.

06/12/2019

"This is because ongoing uncertainties in the economic outlook and a softening labour market could negatively affect households' incomes and their demand for property. A large supply of unsold units in the medium term could also weigh on the property market.

In its annual Financial Stability Review, MAS pointed out that despite the decline in vacancy rate of completed units, the number of unsold units from launched projects (excluding ECS) has doubled from 2,172 units in Q3 2018 to 4,377 units in Q3 2019."

I am sure most of us who read this article, will begin to think that "now" is not the best time to enter the market. Its better to "wait" it out since developer will decrease the price of the property and resale sellers would have to adjust accordingly.

Yes, I totally agree that this outcome is very possible.
Afterall, how can one claim that all new launches are bound to make money the next few years?
That being said, do you realize the key points that the article is "actually" pointing out or rather what MAS is trying to tell us?

Would you like to know the 5 key reasons why unsold supply has never been an issue in Singapore and how by capitalizing on this "negative" news right now, you can have an advantage over the rest who are trying to be cautious.

Feel free to PM me to find out more. Cheers!

Lionel Chew
☎️ +65 88695589
Preeminent Group, ERA Champion Group

SINGAPORE - Prospective homebuyers should be mindful of risks and remain prudent before entering into long-term decisions like buying a property and taking on a mortgage, the Monetary Authority of Singapore (MAS) said on Thursday (Nov 28).. Read more at straitstimes.com.