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#66: 11 Key Factors That Drive The Allure of New Launch Condos!
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The Whiteboard Series is a new series on Nuggets On The Go, focusing on different segments of real estate and exploring its key points in detail. In this first episode of The Whiteboard Series, Melvin Lim, co-founder and CEO of PropertyLimBrothers talks about all things new launch condos and why these projects remain popular among homebuyers, accounting for about 50% of monthly transactions.
Stay tuned for an in-depth sharing on what you should know about New Launch condos. Melvin covers 11 key factors that attract buyers to new launches – the TOP Effect, Third Exit Audience, Popularity With Tenants, and Progressive Payment, just to name a few. Melvin also talks about one of the key processes of purchasing a new launch in Singapore, highlighting the importance of addressing defects before starting renovations, in view of the 1-year Defect Liability Period.
Find out more about these terms and understand why new launches continue to be popular, beyond just being brand new products. Tune in to hear what Melvin has to say about new launch condos in this week’s focused episode of Nuggets On The Go!
Want to be part of the discussions about all things real estate? Feeling a bit FOMO? Then join our NOTG Telegram community at t.me/notgpod, where like-minded individuals discuss everything about Singapore property. The NOTG team is inside the chat to answer all your questions too!
(00:00:00) Intro
(00:02:00) TOP Effect
(00:11:01) Third Exit Audience
(00:12:23) SSD
(00:14:11) Progressive Payment
(00:16:59) Renovation
(00:20:40 Defect Warranty
(00:21:42) One Year Delayed Instalment
(00:22:28) No COV
(00:25:59) New 99 year lease
(00:29:28) New Design & Tenants Popularity
(00:29:44) Closing thoughts
(00:30:04) Outtakes
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