#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 - Intro
00:48 - Introducing host
1:06 - Phyllis Goh
02:27 - Persona A Wayne and Joanne
03:53 - George’s first pay
05:14 - Phyllis’ studies
05:58 - Big gap and prices
06:17 - Personal Disposable Income/Savings chart
06:57 - George’s thoughts about Wayne and Joanne
07:13 - Phyllis’ advice
09:18 - Yong Zhun’s thoughts about Wayne and Joanne
10:06 - Three choices on Wayne and Joanne’s situation
12:02 - 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 Condo
22:41 - Timeline of Wayne and Joanne
24:13 - When to take BTO Route
25:12 - When divorce happen
25:43 - 99 years ownership on condo during divorce
31:41 - CCR, RCR, OCR
35:15 - George advice to Wayne and Joanne situation
35:22 - If George is in Wayne and Joanne’s situation
36:24 - George opinion on insurance
37:24 - Kids needs
38:22 - George go BTO if he is on similar situation
39:07 - What would Yong Zhun do?
40:09 - When George take the BTO he would do it intentionally. Why?
40:26 - George remembering something about BTO
41:47 - Continuing on when George take the BTO route why would he do it intentionally.
43:06 - Parting message for Wayne and Joanne
43:56 - 9 years after on Wayne and Joanne situation
47:06 - 9 years later breakdown
51:53 - Part 2 teaser
52:13 - Outtakes