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I talked to over 78 condo buyers on whether they regret their new home...

here's the 3 things they wished they knew before ever viewing a condo

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Why New Launches may actually be a BAD idea for you

Hey it’s Jenn here, and I’m going to reveal the UNSPOKEN truth about new launches, that may shock you.

Here’s why.

Most people love new launches as they tend to have higher capital appreciation potential than a resale condo.

I agree.

The data shows that new launches tend to appreciate faster than existing resale condos.

You can expect paper gains of almost up to $100k before the new condo even finishes building.

Plus, you get a brand new modern condo with a fresh 99 years leasehold (or even freehold, in some cases).

Let’s put it all together.

Brand new condo. Higher appreciation potential. Both property agents and the public love recommending it.

What does this mean?

The public sentiment is that New Launches is the “best property you can upgrade to”…

…and that you “cannot go wrong” with them.

But this is completely UNTRUE

I’m a firm believer that you and your family’s comfort comes first.

Meaning, prioritise on fulfilling your needs FIRST, and then profits SECOND.

I had a past client who originally engaged an agent who was his close friend… however, that “close friend” was pushing for a 3 Bedder New Launch (Treasure @ Tampines).

Even more, the unit was way above their ability to service the mortgage, meaning they would have zero reserved funds. 

To top it off, they needed to move in within 9 months, while this condo needed 3 years to build.

Considering this family’s financial situation, coupled with their 9 month deadline, how would this new launch suit them at all?

Thankfully, this client decided to come to me, where I recommended another development that they could move in within 6 months.

Plus, they would still have 3 years of reserved funds as a safety net for their family. 

But imagine if this client went ahead with the original unit. They would have headaches over their deadline, as well as sleepless nights over the lack of a safety net.

That’s why I recommend AGAINST certain new launches if it does not fit your needs and situation.

You may be thinking…

But this is completely UNTRUE

I am a firm believer that you and your family’s comfort comes first.

Meaning, prioritise on fulfilling your needs FIRST, and then profits SECOND.

I had a past client who originally engaged an agent who was his close friend… however, that “close friend” was pushing for a 3 Bedder New Launch (Treasure @ Tampines).

Even more, the unit was way above their ability to service the mortgage, meaning they would have zero reserved funds. 

To top it off, they needed to move in within 9 months, while this condo needed 3 years to build.

Considering this family’s financial situation, coupled with their 9 month deadline, how would this new launch suit them at all?

Thankfully, this client decided to come to me, where I recommended another development that they could move in within 6 months.

Plus, they would still have 3 years of reserved funds as a safety net for their family. 

But imagine if this client went ahead with the original unit. They would have headaches over their deadline, as well as sleepless nights over the lack of a safety net.

That’s why I recommend AGAINST certain new launches if it does not fit your needs and situation.

You may be thinking…

“What about the higher appreciation
potential of New Launches compared to resale?”

You’re absolutely right.

In general, new launches do have higher appreciation potential than resale. If you’re an investor solely focused on capital gains, then go for it.

But that doesn’t mean new launches ALWAYS beat resale — ESPECIALLY in today’s market.

What do I mean?

There are fewer and fewer new launches each year (Singapore only has so much land).

Developers know this well — and they’re exploiting this “scarcity” by increasing the premiums on their condos…

And they justify this by selling you the “dream life” where they paint the future where your family will be overjoyed living there.

That’s why current new launches have lower profit potential compared to last time — because of the inflated premiums.

Keep in mind, paper profits do NOT translate to actual profit

Behind the inflated promises of 6-figure capital gains in 3-5 years, keep in mind that these are not REAL PROFITS yet.

You still need to minus off your stamp duty, condo maintenance fees, legal fees, and a bunch of other hidden costs.

And if you rent in the meantime, that costs money too.

All of which will slowly chip away at your final take-home profit.

Keep in mind, paper profits do NOT translate to actual profit

Behind the inflated promises of 6-figure capital gains in 3-5 years, keep in mind that these are not REAL PROFITS yet.

You still need to minus off your stamp duty, condo maintenance fees, legal fees, and a bunch of other hidden costs.

And if you rent in the meantime, that costs money too.

All of which will slowly chip away at your final take-home profit.

Resale condos CAN achieve good profits too

Most agents will tell you that resale condos always lose money one.

This is FALSE. In my own personal experience, it’s highly possible to make money with resales if you can pick the right property.

I had a client with a family of 7, who originally wanted to purchase an Executive Apartment for the size, but was also considering going for a condo as it was always his dream.

I did a thorough analysis of his finances with him, and realised that going for a resale condo was a more strategic and profitable move 3-5 years down the line.

Going down the resale route now meant that they could sell it off after 3 years, and buy a huge HDB still with a sizable cash surplus for their retirement.

Usually, I recommend clients in this scenario to go for Executive Apartments or 5 room HDBs for the space needed (a bigger condo is also possible if they can afford it).

But since their kids were still very young, this $850K 3 Bedder resale condo was still comfortable enough for the next 3 years.

3 years later, their $850K condo is now worth around $1.1 million.

They now have the option to move to an Executive Apartment or 5 room flat, fully pay it off, and still have profits left over for their retirement fund or kids’ education.

Who says resale can’t achieve good profits too?

Resale condos CAN achieve good profits too

Most agents will tell you that resale condos always lose money one.

This is FALSE. In my own personal experience, it’s highly possible to make money with resales if you can pick the right property.

I had a client with a family of 7, who originally wanted to purchase an Executive Apartment for the size, but was also considering going for a condo as it was always his dream.

I did a thorough analysis of his finances with him, and realised that going for a resale condo was a more strategic and profitable move 3-5 years down the line.

Going down the resale route now meant that they could sell it off after 3 years, and buy a huge HDB still with a sizable cash surplus for their retirement.

Usually, I recommend clients in this scenario to go for Executive Apartments or 5 room HDBs for the space needed (a bigger condo is also possible if they can afford it).

But since their kids were still very young, this $850K 3 Bedder resale condo was still comfortable enough for the next 3 years.

3 years later, their $850K condo is now worth close to $1.1 million.

They now have the option to move to an Executive Apartment or 5 room flat, fully pay it off, and still have profits left over for their retirement fund or kids’ education.

Who says resale can’t achieve good profits too?

Disclaimer: I’m not “Anti New Launch” or “Pro Resale”

I’m not against new launches, nor do I have a one-sided love for resale condos.

I just really care for you and want you to have objective advice & information before you commit to one of the biggest decisions in your life.

If I were in my client’s shoes, I would want my agent to be 100% transparent about all my options — that’s why I seek to give you the “buried” information and secrets that could even backfire on me, but will definitely be insightful to you.

Plus, I can very easily make 3-5x more commission from my clients if I just pushed New Launches. 

But that’s not me.

My goal is for you to ultimately choose the right property for your family — be it a bigger HDB, Resale Condo, or a New Launch.

If your situation and needs point towards new launches, I will gladly recommend them myself.

But a word of warning

Whatever property you decide to upgrade to, DO NOT OVER LEVERAGE.

Most people are not clear about their financials (although they think they are), and end up overstretching their finances unknowingly.

This is especially the case for people buying new launches, where they’re loaning around a million dollars.

I heard of an incident where a distant friend ended up having to forfeit her new condo due to sudden retrenchment in Aug 2020.

They upgraded from a 4 room HDB to a $1.82M condo (Jadescape) at Marymount, but because of the sudden retrenchment coupled with the fact that they over-leveraged their finances…

Last I heard, they forfeited the purchase and lost $22k.

That’s why it’s so important to do a thorough financial assessment to ensure you’re not over-leveraging — which could put you at risk of bankruptcy or having to sell off at a huge loss.

But a word of warning

Whatever property you decide to upgrade to, DO NOT OVER LEVERAGE.

Most people are not clear about their financials (although they think they are), and end up overstretching their finances unknowingly.

This is especially the case for people buying new launches, where they’re loaning around a million dollars.

I heard of an incident where a distant friend ended up having to forfeit her new condo due to sudden retrenchment in Aug 2020.

They upgraded from a 4 room HDB to a $1.82M condo (Jadescape) at Marymount, but because of the sudden retrenchment coupled with the fact that they over-leveraged their finances…

Last I heard, they forfeited the purchase and lost $22k.

That’s why it’s so important to do a thorough financial assessment to ensure you’re not over-leveraging — which could put you at risk of bankruptcy or having to sell off at a huge loss.

That’s why Financial Assessment
is always STEP 1

It is CRUCIAL to know exactly what your financials mean, and the possibilities you can achieve with it.

It allows you to know what’s your maximum budget, and how you can play around with it strategically for long term benefits.

One of my clients is a young single mom of 2 kids, and she originally thought the max she could afford was an executive apartment in residential areas like Woodlands or Yishun.

But after a thorough financial analysis, I realised that she had enough funds to do a strategic move that could cover her children’s education.

Knowing full well that this client had fears of retrenchment and heavily prioritised reserved funds, I recommended her to go for a 2 Bedder condo as it would not over stretch her finances. 

Other agents she spoke to all recommended her a 3 Bedder, but I advised against it as a 2 Bedder was sufficient for her small family of 3, which also meant she would have a bigger safety net — something extremely important to her as a single mother.

What did her financial assessment reveal?

She had 7 years of Financial Freedom, meaning she did not have to use cash to service her mortgage for the next 7 years.

After that, she can decide if she wants to upgrade to a bigger place for her kids, or get a big HDB and use the cash surplus to fully fund her kids’ University fees.

Ultimately, it was this clarity that she had 7 years as a “safety net”…

…that made her decide to go for the 2 Bedder condo I recommended (which appreciated by $348K in 3 years).

This is why financial assessment is EXTREMELY important, as it gives you the clarity and assurance for one of the biggest 6-7 figure purchases in your lifetime.

That’s why Financial Assessment is always STEP 1

It is CRUCIAL to know exactly what your financials mean, and the possibilities you can achieve with it.

It allows you to know what’s your maximum budget, and how you can play around with it strategically for long term benefits.

One of my clients is a young single mom of 2 kids, and she originally thought the max she could afford was an executive apartment in residential areas like Woodlands or Yishun.

But after a thorough financial analysis, I realised that she had enough funds to do a strategic move that could cover her children’s education.

Knowing full well that this client had fears of retrenchment and heavily prioritised reserved funds, I recommended her to go for a 2 Bedder condo as it would not over stretch her finances. 

Other agents she spoke to all pushed for the 3 Bedder, but I advised against it as a 2 Bedder was sufficient for her small family of 3, which also meant she would have a bigger safety net — something extremely important to her as a single mother.

What did her financial assessment reveal?

She had 7 years of Financial Freedom, meaning she did not have to use cash to service her mortgage for the next 7 years.

After that, she can decide if she wants to upgrade to a bigger place for her kids, or get a big HDB and use the cash surplus to fully fund her kids’ University fees.

Ultimately, it was this clarity that she had 7 years as a “safety net”…

…that made her decide to go for the 2 Bedder condo I recommended (which appreciated by $348K in 3 years).

This is why financial assessment is EXTREMELY important, as it gives you the clarity and assurance for one of the biggest 6-7 figure purchases in your lifetime.

STEP 2: Property roadmap planning

Based on data and past performance, condos usually take 5-8 years to reach a good level of capital gains — and NOT 3 years like what most people think.

This means planning your property journey for the next 10 years

Most people only plan 1 property ahead — i.e. they plan to upgrade to a bigger HDB or condo, but fail to plan for the next property after that.

This is usually because they’re aiming to buy their “dream home” — e.g. that 4 Bedder Condo in a prime location surrounded by good schools.

But it’s very likely that they would have to over-leverage to fund this “dream home”

This is a mistake.

I’m a huge advocate of NOT over-leveraging
to buy what you want, but instead, buy
what you need first, and then use it as a
stepping stone to buying what you want.

So unless you’re looking for a home to retire in, then it makes sense to use your next property as a STEPPING STONE…

Where you can use the profit to upgrade to that bigger condo in a better location without extra cash, or move to a big HDB with cash surplus for your retirement… 

This is why I always plan ahead for all my clients, as playing your cards right could mean your property WORKING for you — be it to your dream home or retirement fund.

STEP 2: Property roadmap planning

Based on data and past performance, condos usually take 5-8 years to reach a good level of capital gains — and NOT 3 years like what most people think.

This means planning your property journey for the next 10 years.

Most people only plan 1 property ahead — i.e. they plan to upgrade to a bigger HDB or condo, but fail to plan for the next property after that.

This is usually because they’re aiming to buy their “dream home” — e.g. that 4 Bedder Condo in a prime location surrounded by good schools.

But it’s very likely that they would have to over-leverage to fund this “dream home”

This is a mistake.

I’m a huge advocate of NOT over-leveraging to buy what you want.

Instead, buy what you need first, and then use it as a stepping stone to buying what you want.

So unless you’re looking for a home to retire in, then it makes sense to use your next property as a STEPPING STONE…

Where you can use the profit to upgrade to that bigger condo in a better location without extra cash, or move to a big HDB with cash surplus for your retirement… 

This is why I always plan ahead for all my clients…

…as playing your cards right could mean your property WORKING for you — be it to your dream home or retirement fund.

STEP 3: Needs first, profits second

I’m a firm believer in “needs first, profits second”.

This means to shortlist properties based on your NEEDS first, before further narrowing it down to the undervalued properties (which can be both resale or new launch). 

Not the other way around.

Most people usually shortlist properties based on appreciation potential before seeing if it fits their family’s needs.

I’m not a fan of this, as it usually ends up sacrificing your family’s comfort for just a tad bit of higher appreciation (that is not even guaranteed). 

My personal rule is to shortlist properties your family will be happy and comfortable with, and then identify which is the most undervalued one among that list to maximise your profits.

STEP 3: Needs first, profits second

I’m a firm believer in “needs first, profits second”.

This means to shortlist properties based on your NEEDS first, before further narrowing it down to the undervalued properties (which can be both resale or new launch). 

Not the other way around.

Most people usually shortlist properties based on appreciation potential before seeing if it fits their family’s needs.

I’m not a fan of this, as it usually ends up sacrificing your family’s comfort for just a tad bit of higher appreciation (that is not even guaranteed). 

My personal rule is to shortlist properties your family will be happy and comfortable with, and then identify which is the most undervalued one among that list to maximise your profits.

Hi, I’m Jenn Ee

I specialise in helping families and couples to upgrade to a condo or bigger HDB without the stress, risk, and hassle that this scary journey brings.

Having helped families from all walks of life to upgrade their property, be it single mothers, large families, young couples and families, and even retirees, I can understand their concerns and fears on a very deep level.

Many of my clients tend to have concerns such as…

Hi, I’m Jenn Ee

I specialise in helping families and couples to upgrade to a condo without the stress, risk, and hassle that this scary journey brings.

Having helped families from all walks of life to upgrade their property, be it single mothers, large families, young couples and families, and even retirees, I can understand their concerns and fears on a very deep level.

Many of my clients tend to have concerns such as…

As a single mother of a 6 y/o daughter,
I understand your concerns

“What if I’m in my client’s shoes? — a single mother with kids, feeling anxious about where we are going to stay next, whether my kids will be comfortable, and whether I would land in serious financial troubles?”

That’s something I think about all the time.

This is why I’m so passionate about real estate and helping families upgrade to their dream property safely.

Because I understand your pain on a personal level, and I will do my absolute best to ensure your property journey will be as smooth and stress-free as possible.

It’s a bit selfish of me, but I get a deep sense of satisfaction every time I see a client and their kids happily settled in their new home, as it feels like I just helped someone who was in my shoes before. 

This is also why…

I will never recommend properties without first UNDERSTANDING my clients’ unique situations and needs.

And the best way for me to do that?

Apply for a FREE no-obligation consultation with me personally
(Worth $349)

For a limited time, I’ll be opening up my calendar to FOUR free consultations a week for families or couples looking to upgrade to a condo.

These consultations are obligation-FREE, and we do not have to move forward together if we’re not a good fit — i.e. you can always go to  another agent afterwards, no hard feelings.

Here’s what we’ll go through together during the call:

7 Key Investment Factors That Would Determine Your Profitability

There are 7 MAJOR factors that will affect your profits, REGARDLESS of the type of property. Ignoring any one of these could be a huge mistake 5-10 years down the line.

2023 Property Market Prediction, with “Insider Sneak Peek” of Today’s Property Prices

I’ll share with you my raw opinion on the current property market, and reveal to you my insider sources of today’s property prices (that I will get in trouble legally if I share publicly).

Customised Property Roadmap Journey

We'll design a custom tailored property roadmap for your unique situation -- that factors in your family's current and future needs, all while ensuring you're making money.

Detailed Financial Assessment

We’ll go through your finances TOGETHER and gain clarity over the possible options you have. So you’ll have the assurance that your family will still be financially secure after buying your new home.

3 Steps Wealth Accumulation Method

The 3-step Framework that has helped all my clients make strategic and profitable decisions, without having to worry about overstretching finances or making short-sighted decisions.

3 Common Pitfalls Most HDB Upgraders Make

What every HDB Owner should look out for, that could cost them WASTED time and money.

BONUSES

After our free no-obligation consultation together, I’ll also send you exclusive access to my best resources for FREE.

This is my way to congratulate you for taking the first step in your property journey.

Top 3 Value Buys for 2022

The most undervalued properties in 2022/2033 that are worth taking a look.

Property Inspection Checklist

“Blind spots” you must ALWAYS look out for at the property to avoid being ripped off.

X-Value Calculator

Know approximately how much cash you can take back from your HDB sale.

Some of the results my clients have achieved

42 years old - Personal Chauffeur and Nurse

$358K capital gain in 2 years
Fahmi and Syaz

39 years old - Division manager

$329K capital gain in 2 years
Warren and Amy

40 years old - Doctor

$260K capital gain in 1 year
Rachel

46 years old - HR Manager

$308K capital gain in 3 years
Mr Teo

33 years old - Sales executive

$305K capital gain in 3 years
Mr Ang

37 years old - Account service manager

$348K capital gain in 3 years
Janice

34 years old - Civil Servant

$250K capital gain in 3 years
Rani

33 years old - Business owner and Logistics assistant

$210K capital gain in 4 years
Patrick and Jasmine

What my clients say about me

"she is one ethic property agent that is sincere to her client and give value added service"
"Knowledgeable and responsive... Great experience from start to ends"
"She was very detailed and patient in our property search journey"
"was indeed the person we were looking for"
"She is always ready to give her truthful opinion and bring out the best for her clients"
"Definitely highly recommend Jenn for her personalized service"
"Happy to get our unit at such a good price. Will definitely recommend her to my friends"
"We were very impressed with her efficiency and how smooth the whole process was made"
"Her assurance and trust has given me confident in making a decision at the shortest time without any regrets"

My “Insane” $349 Guarantee To YOU

If you feel that this free no-obligation consultation was a complete waste of your time where I’m just a typical property agent trying to push you products…

Then I’ll personally fork out $349 (the value of this consultation) in cash to you, as a way of saying sorry.

I’m not a fan of wasting your time.

That’s why I always make my consultations with clients extremely valuable by sharing with them property market insights that could completely change their perspective…

As well as thoroughly understand their situation and provide my own unique perspective on possible solutions to all their concerns.

I’m so confident I can achieve this that I’m willing to back it up with $349 in cash.

Here’s what to do next

STEP 1

Click the button below to apply for a free consultation, and select a time for our 1-1 call

Step 3

We’ll hop on a 45-minute call, designed for you to gain a brand new perspective on your upgrading journey

Step 2

Once you selected a time, you’ll be asked to fill up a short questionnaire for me to understand your situation better

Step 4

There is absolutely no obligation for us to move forward together, and all the free resources and information are yours to keep

Here’s what to do next

STEP 1

Click the button below to apply for a free consultation, and select a time for our 1-1 call

Step 2

Once you selected a time, you’ll be asked to fill up a short questionnaire for me to understand your situation better

Step 3

We’ll hop on a 45-minute call, designed for you to gain a brand new perspective on your upgrading journey

Step 4

There is absolutely no obligation for us to move forward together, and all the free resources and information are yours to keep

However, I CANNOT help everybody

Let me be transparent — If you’re looking to BTO or just rent a property, I may not be the person to help you (but I’ll gladly refer you to someone I trust!).

I specialise in helping parents and couples to upgrade to a condo or bigger HDB.

And spots for this free personal no-obligation consultation are limited to 4 per week, as I only have so many hours in a day.

I prefer giving my absolute best to these 4 weekly consultations, instead of giving lacklustre attention to a wide group of people.

That’s why if you do manage to book a slot, rest assured that you’re getting my full personalised attention and expertise.

If you’re a parent or couple looking to plan your next property move, I’d be more than happy to help you gain clarity over your situation and possibilities — regardless of your requirements or financial situation.

If that’s you, go ahead and click the button below to get started.

Still have questions?

This free consultation is obligation free, and it never hurts to hear a second opinion especially when this is a 6-7 figure purchase (one of the biggest purchases in your life!). You can always use the info I will give you to bring back to your agent!

There’s a reason why people seek multiple opinions from different specialist doctors!

Yes! I love solving problems, and I’ve helped many clients with lots of requirements. I had one client who gave me a whole list of requirements such as “Below 1.3M, have a yard, near parents, move-in within 9 months” with the list going on and on.

After some thorough research, I managed to find the perfect place that they’ve been happily living in for the past 2 years!

Other agents push products, but I will not ever recommend you properties without first listening to your situation and doing all the financial planning and property roadmap with you — I care about you and your family beyond the commission.

No. $300k-$500k of capital gains in 3-5 years is rare, especially in today’s market. Based on my data and research, property is about harvesting, and most properties in SG take 5-10 years to make a decent profit.

There are not many short term gains, and paper gains are not actual gains which is what other agents are promising.

Throughout my years of expertise, so far all my clients have made money. This is about all the properties I recommend must fit into my tried-and-tested “undervalued” criteria, which works for BOTH resale and new launch property.

It depends! We’ll have to go through your needs and finances together before I can make the best recommendation for your family to be comfortable and happy!

Nope! For all my past clients, I found that it was the most insightful and time-effective for both of us when I shortlisted properties that suited their needs, instead of a generic requirement like just “location”.

After all my years talking with clients, I found that us getting on a 1-1 call is the most effective way for me to prescribe you the best recommendations and solutions based on your needs.