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Property Investment is not equivalent to 100% profitable

Dear Property Investors,

Keep this in mind! There will never be a definite profit investment! Even when you are buying the same project.

Project
Address
Size sqft
Sold Date
Sold Price
Sold PSF
Bought Date
Bought Price
Bought PSF
Profit
Percent
Holding Days
THOMSON GRAND
17 Sin Ming Walk XX - XX
1,421
Oct-17
S$1,830,000
S$1,288
Apr-12
S$1,969,646
S$1,386
-S$139,646
-7.09%
2,023
THOMSON GRAND
17 Sin Ming Walk XX - XX
1,582
Jul-17
S$2,000,000
S$1,264
Apr-12
S$2,017,783
S$1,275
-S$17,783
-0.88%
1,935
THOMSON GRAND
17 Sin Ming Walk XX - XX
1,636
Jun-18
S$2,200,000
S$1,345
Apr-12
S$2,094,080
S$1,280
S$105,920
5.06%
2,253
THOMSON GRAND
19 Sin Ming Walk XX - XX
1,356
Oct-17
S$1,680,000
S$1,239
Mar-12
S$1,715,200
S$1,265
-S$35,200
-2.05%
2,023
THOMSON GRAND
19 Sin Ming Walk XX - XX
1,378
Dec-17
S$1,700,000
S$1,234
Mar-12
S$1,715,200
S$1,245
-S$15,200
-0.89%
2,078
THOMSON GRAND
19 Sin Ming Walk XX - XX
1,399
Feb-18
S$1,850,000
S$1,322
Mar-12
S$1,715,200
S$1,227
S$134,800
7.85%
2,164
Even when buying the same project at the same time, buyer will have to look into the Size, Floor and PSF of the units. 

In the first 3 examples, for Blk 17 Thomson Grand, the buyer entered into the agreement at a very high PSF of $1,386 in 2012, while the other two buyers got it at a lower PSF of S$1,280. When it comes to selling, the one with the higher leverage will definitely be the buyers that entered with a lower cost. How do you know if it is a good entry point? There are buyers that did their research, but there are new investors with little knowledge, therefore, having to engage a Professional Real Estate Agent to help do the assessments! 

There are all sorts of fees and tax that has to be accounted for before deciding that its a profitable buy.

Need help doing a proper financial breakdown/calculation?
Contact me now!
Email                              : Kenny.lee.sj@gmail.com
Contact No.                    : +65 9623 6667 / +65 6100 0898
Line/Instagram               : KennyLSJ
WeChat                           : KennyLeeSJ
Location: Singapore

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