To buy a big condo or a landed property? here's how mr and mrs veera figured it out

Mr. and Mrs. Veera, a 47-year-old sales director and a 41-year-old teacher, embarked on a quest for a larger family home as their three children, aged 13, 9, and 5, grew older. 

They had lived in a 3-bedroom condo in Canberra for 9 years but now needed more space. The family desired a long-term residence, yet faced a series of challenges and decisions.

One key decision involved property ownership. Mrs. Veera was co-owner of an HDB flat with her parents, while Mr. Veera owned the current condo. 

They debated whether to upgrade using only Mr. Veera’s name or jointly as a couple. 

After evaluating both scenarios, they concluded that purchasing under both names would offer more options and better financial flexibility.

This decision led to a well-orchestrated process involving removing Mrs. Veera’s name from the HDB, selling their current condo, and finding a new property, all happening simultaneously.

Their search for the next property was guided by several criteria: 

1. Proximity to their children’s schools

2. Closeness to family

3. Larger living space to accommodate their growing family and in-laws. 

Initially, they considered larger 4-bedroom units in their current and nearby developments. 

However, after extensive discussions, I recommended exploring landed properties, foreseeing that even a larger condo unit might soon become inadequate for their needs.

I felt that they’ll likely outgrow a 4-Bedder unit (1300-1400 sqft) within a few years and end up needing to move again.

Additionally, a lot of the bigger 4 to 5 bedder condos (1,600 – 2,000 sq ft) units have wasted space that is not very usable – such as a big 500 sqft open terrace on the second level.

That’s when they decided to listen to my advice and pursue the landed route

During this period, they also had to manage the sale of their current condo and the removal of Mrs. Veera’s name from the HDB ownership – a complex process that required meticulous coordination.

Ultimately, I recommended a specific landed property which they loved: a 3-storey, 99-year leasehold landed property at Woodgrove Walk, with 72 years remaining on the lease.

It completely fitted their homestay requirement – being able to accommodate their in-laws and still have rooms to spare. 

This is a comfortable home that can last them for more than 10 years:

  • Convenient to the kids’ school
  • Close proximity to family with amenities nearby
  • As they like to host family gatherings, their new home has the dream size they were searching for

Additionally, this landed unit was considered a safe investment

Here’s the investment factors at play:

Entry Price Analysis

Initially they were concerned that it’s a 99 year landed as most owners prefer Freehold when it comes to landed. 

I shared with them why this is a safe purchase because of the price quantum. 

Today, if you were to buy a Freehold landed, similar size in the same area, it will cost you around $4 million. 

Considering the price of this landed was $2.45M, it meant that we are sitting on a buffer of almost $1 milion to $1.5 million (the price difference between a freehold vs 99 years landed)

With the scarcity of landed properties, freehold landed will continue to appreciate, in turn creating more room for 99 years to grow as well in the long run. 

The property’s affordability was a strategic advantage, making it an attractive option for future buyers with similar budget constraints

For a remaining lease of 72 years, it is still considered young with a good runway for them.

10-15 years later after the kids are all grown up and they reach their 60s, they can consider changing their homestay portfolio for lifestyle reasons (no need to keep climbing stairs)…

And to ensure their property portfolio holds its value (considering the landed is 99 years, we should consider exiting that property before it depreciates too much).

Exit Plan

Lack of supply of landed property in Singapore means there will always be demand for affordable landed with huge sizes. 

Currently there are already buyers willing to pay as much as $2.2 million for a new 2-Bedder condo in Holland Villa, or above $2.5 million for a new 3 bedder condo in Jurong…

Our price quantum of $2.5 million for a 5 bedder landed (3,252 sqft) is safe and can be accepted by the market. 

Especially since they are buying for homestay with a time horizon of 10 to 15 years, we are expecting at least another 2 to 3 rounds of price uptrend (where the market experiences a price uptrend every 4 to 5 years)…

Meaning it is very very unlikely they will lose money from it.    

After hearing this, they confidently decided to go ahead with my recommendation

We managed to snap up this landed 3-storey 99-years landed at Woodgrove Walk for $2.45M.

The house required minimal additional renovation, saving them significant costs and time.

All 3 transactions were completed smoothly according to the timeline with no hiccups. 

They did not have to rent while the renovations were undergoing, and just temporarily stayed in their parents place for less than 2 months before moving in. 

One of their original requirements was to find a landed that doesn’t need extensive renovation, as it can take up to one year with high cost involved for such big properties. 

In the end, the Veeras achieved their goal of acquiring a spacious, long-term family home that met all their requirements without compromising on financial safety. 

Mr and Mrs Veera’s story shines light on something important:

Not all home buyers in Singapore prioritize making money with their property.

For some families like Mr and Mrs Veera, ensuring their family was comfortable was the most important to them – and that’s perfectly fine!

This move was not just about financial gain; it was about providing a comfortable and spacious home for their family. 

Yet, the strategic choice of a 99-year leasehold landed property ensured that their investment would remain secure and potentially grow in value over time.

Here’s what you can do next

Let’s face it – the  7-Step “T.E.C.Q.U.R.E” Analysis Framework is useless to you without it being actually used to analyze the condos you have in mind.

It will just be something that you’ll forget within a few days.

But your condo move will be a multiple 7-figure decision. We don’t have many chances to get it right.

It will be a decision that will decide whether it’ll help profit multiple 6-figures to speed up your retirement by a couple of years… or a LOSS that will ruin years of savings.

That’s why I want to give you an opportunity to qualify for an exclusive offer:

Apply for a FREE Strategy Session with me personally (worth $299)

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

Where I’ll personally determine if the condos suitable for your family’s needs have a 6-figure profit potential with my 7-Step “T.E.C.Q.U.R.E” Analysis Framework.

We’ll first run through what you’re looking for in your property move and your family’s requirements, before I’ll share with you various strategies to go about choosing the most suitable (and profitable!) one.

These strategy sessions 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 session:

5 Property Mistakes most homeowners make, costing them over $127,277 during the upgrading process

What every home buyer should look out for, that could put them at risk of wasting huge amounts of money and time

Navigating through complex "Financial Calculations" to know what property would be considered “too risky” for you

We’ll run through your finances together and gain clarity over what options you have, so that you’ll be assured that your family will still have a financial safety net with your new home.

Crafting a Personalised "Property Roadmap Journey" designed to help you reap 6-figure profits consistently every few years to snowball your wealth

We’ll design a custom tailored property roadmap for your unique situation, and what you hope to achieve in the next few decades with your property

The 7-Step “T.E.C.Q.U.R.E” Analysis Framework that has successfully identified developments that appreciate by $200K-$750K in the past, be it Resale or New Launch

There are the 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.

2024-2025 Property Investment Market Outlook

“Is the property market going to go up or down in the coming years?” – I’ll share with you my surprising answer to this question that almost every homeowner has.

Skeptical? I completely get it – here’s why you should even listen to a word I’m saying

Hi, I’m Daniel Wong.

I specialize in helping clients upgrade to their dream homes with my 7-Step “T.E.C.Q.U.R.E” Analysis Framework that are:

1) Suitable for their family’s needs

2) Fundamentally safe investment with good potential for profits

3) Strategic property move that is aligned with their long-term retirement goals

Let me share with you the reason why I got into this industry in the first place:

I saw how my parents were LOSING money with their property without even knowing it!.

Years ago while I was still young, my parents had a brief discussion if they should upgrade from their $300K HDB flat to a specific Executive Condominium (EC) near our HDB worth about $600K. 

But my parents, like many others, believed in the security of fully paying off their HDB and living there forever. 

They didn’t see the point of upgrading to a condo. 

Fast forward to today, that EC could have appreciated to approximately $1.2M. 

Had they made this simple EC move back then…

It would have allowed them to downgrade to a smaller HDB flat, say worth $500K, and still cash out a substantial $700K for their retirement – a significant boost to their golden years.

Instead, they chose to stay in their HDB, which appreciated to $500K by the time they were 55. 

On paper, they made $200K right?

Not exactly – once you factor in CPF accrued interest, and the fact that the cost of newer HDB flats rising, the profit they would have left after downgrading wouldn’t amount to much for their golden years.

Today, they find themselves in a situation where their fully paid HDB flat is more of a financial burden than a retirement asset. 

They’re stuck with an asset that doesn’t align with their retirement needs, one that doesn’t offer the liquidity or the financial freedom they anticipated.

This personal experience with my parents opened my eyes to the importance of strategic property decisions.

It’s not just about owning a home; it’s about how that home fits into your long-term financial and retirement planning. 

This realization is what drives me every day – to help families understand the potential of property investment and to guide them in making choices that won’t just secure a roof over their heads, but also ensure a financially stable and comfortable retirement.

That’s exactly why I want to help more families avoid the same mistake that my parents made.

Not just upgrading to a condo that can preserve your wealth, but GROW it to significantly help you achieve your retirement goals by 5-10 years quicker potentially.

Results That My 7-Step “T.E.C.Q.U.R.E” Analysis Framework Have Achieved

Mr and Mrs Chee - $756K capital gain in 4 years

$756K capital gains in 4 years!
Mr and Mrs Chee, early forties with 2 kids

Mr and Mrs Lim - $505K capital gain in 4 years

$505K capital gains in 3 years!
Mr and Mrs Lim, both 36 with 2 kids

Mr Wong - $502K capital gain in 3 years

$502K capital gains in 3 years!
Mr Wong, property investor

Andrew & Kim – $332K capital gains in 2 years

$322K capital gains in 2 years!
Andrew & Kim, 52 and 50 respectively

What Families Have to Say About Me

Aaron & Claire - 5 Room HDB to Condo

Pei Lin - Looking for her 2nd Investment Property

Chun Liang & Pei Yun - 4 Room HDB to Condo

Here’s what to do next

STEP 1

Click the button to apply for a Strategy Session, and fill up a short form for me to understand your situation better

STEP 3

We’ll hop on a 1-Hour call, designed for you to gain a brand new perspective on your upgrading journey

STEP 2

Select a time for our 1-1 Call via Zoom, where you’ll get my full personalised attention

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 Strategy Session, and fill up a short questionnaire for me to understand your situation better

STEP 2

Select a time for our 1-1 Call via Zoom, where you’ll get my full personalised attention

STEP 3

We’ll hop on a 1-Hour 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 people to understand risk management in the real estate industry to achieve their dream goals based on their needs and finances.

And spots for this free no-obligation Strategy Session 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 Strategy Sessions, 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 for them!

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.

Through my tried-and-tested “undervalued” criteria, which has worked for both resale and new launch property, it has helped my clients to understand risk management to find that high appreciation potential property that best suits their finances and needs.

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”.

Through my experience 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.

Apply For a Free 
1-Hour Strategy Session (Worth $299)