#108 Buying The First Home: Affordability, Fears, & Factors Impacting Your Timeline
Wayne and Joanne, both 27 years old and earning $4,000 each, are ready to take the next big step—buying their first home. But with skyrocketing property prices and so many options, they’re unsure where to start. Should they go for a BTO, resale HDB, or a resale condo? What if they make the wrong decision?
In this episode of NOTG, George Peng, Phyllis Goh, and Yong Zhun from PropertyLimBrothers break down exactly what young couples need to consider before making their first property purchase. Understand how to prioritise capital gain and long-term planning, avoid common mistakes, and assess the pros and cons of different housing options. Learn why Minimum Occupation Period (MOP) and Seller’s Stamp Duty (SSD) matter, and find out how an investment portfolio comprising stocks and crypto could influence property selection.
If you fit the persona, are struggling with uncertainty and want clear, practical advice on buying your first home, this is the episode you don’t want to miss!
00:00 - Intro00:48 - Introducing host1:06 - Phyllis Goh02:27 - Persona A Wayne and Joanne03:53 - George’s first pay05:14 - Phyllis’ studies05:58 - Big gap and prices06:17 - Personal Disposable Income/Savings chart06:57 - George’s thoughts about Wayne and Joanne07:13 - Phyllis’ advice09:18 - Yong Zhun’s thoughts about Wayne and Joanne10:06 - Three choices on Wayne and Joanne’s situation12:02 - Main 2 choices suggested by Yong Zhun (Resale HDB)13:29 - Main 2 choices suggested by Yong Zhun (Resale Condo)17:42 - What is a good and bad property purchase?18:41 - Pros and Cons of resale HDB and Condo22:41 - Timeline of Wayne and Joanne24:13 - When to take BTO Route25:12 - When divorce happen25:43 - 99 years ownership on condo during divorce31:41 - CCR, RCR, OCR35:15 - George advice to Wayne and Joanne situation35:22 - If George is in Wayne and Joanne’s situation36:24 - George opinion on insurance37:24 - Kids needs38:22 - George go BTO if he is on similar situation39:07 - What would Yong Zhun do?40:09 - When George take the BTO he would do it intentionally. Why?40:26 - George remembering something about BTO41:47 - Continuing on when George take the BTO route why would he do it intentionally.43:06 - Parting message for Wayne and Joanne43:56 - 9 years after on Wayne and Joanne situation47:06 - 9 years later breakdown51:53 - Part 2 teaser52:13 - Outtakes
NOTG - Nuggets on the Go by PropertyLimBrothers
Bite-sized nuggets of real estate information by Melvin Lim from PropertyLimBrothers, PLB! Popularised as one of the go-to Singapore podcasts on Spotify, we cover everything from tips and advice, facts, and know-hows on buying, selling, and investing in properties in Singapore.
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