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7500A Beach Rd, The Plaza #13-308, S199591Marcus Luah is an experienced and dynamic realtor, serving as the Senior Group Advisory Associate Director at PropNex, Singapore's largest listed real estate agency. He manages Marcus Luah Advisory (MLD) - a rapidly growing team of over 4600 agents, known as the overall PropNex Champion Team since 2018.
Through constant interaction with clients and his team, Marcus discovered the challenges clients face in keeping up with the changing real estate market. To address this, he emphasizes the importance of staying updated and advocates for continuous education within his team to provide clients with valuable insights and exceptional advice.
Marcus also conducts consumer seminars, sharing detailed information on the Singapore real estate market, including news, trends, and how they impact consumers. In response to client requests, he has created e-books filled with original content, covering various important topics and designed for easy sharing with family and friends.
Marcus Luah is an experienced and dynamic realtor, serving as the Senior Group Advisory Associate Director at PropNex, Singapore's largest listed real estate agency. He manages Marcus Luah Advisory (MLD) - a rapidly growing team of over 4600 agents, known as the overall PropNex Champion Team since 2018.
Through constant interaction with clients and his team, Marcus discovered the challenges clients face in keeping up with the changing real estate market. To address this, he emphasizes the importance of staying updated and advocates for continuous education within his team to provide clients with valuable insights and exceptional advice.
Marcus also conducts consumer seminars, sharing detailed information on the Singapore real estate market, including news, trends, and how they impact consumers. In response to client requests, he has created e-books filled with original content, covering various important topics and designed for easy sharing with family and friends.
WE PROVIDE
As a trusted and experienced real estate agent in Singapore, I am dedicated to providing
exceptional service and expertise to clients looking to buy or sell properties.
With a deep understanding of the Singapore real estate market and a commitment to exceeding
client expectations, I provide a wide range of customized services to cater to your
individual needs.
I take the time to understand your preferences and budget to identify properties that align with your goals and lifestyle. Through extensive market knowledge and a vast network, I present you with a curated selection of properties that meet your criteria.
Navigating the property market can be overwhelming, especially for first-time buyers. I offer valuable insights and support at every step, from viewings to negotiating the best terms. Ensuring you make an informed decision and find your dream home at the right price.
Buying a property involves intricate paperwork and legal processes. I work closely with trusted legal professionals to handle documentation, contracts, and compliance requirements on your behalf. Making the entire transaction as smooth and stress-free as possible.
I leverage my extensive network and modern marketing strategies to showcase your property effectively. From professional photography and compelling descriptions to targeted online and offline campaigns, I ensure maximum exposure and attract qualified buyers.
Setting the right price for your property is crucial. Through comprehensive market analysis and an understanding of current trends, I provide accurate and realistic pricing recommendations. My goal is to help you optimize the value of your property and attract potential buyers swiftly.
As a skilled negotiator who fights for your best interests. I handle negotiations with potential buyers and strive to secure favorable terms. I guide you through the closing process, including paperwork, inspections, and other necessary steps, ensuring a seamless transaction.
Contact me today to schedule a consultation and let's embark on your real estate journey together!
YOUTUBE
Is this the END for Resale Condos?
Recently, June condo resale volumes dropped 29.9% from May, sparking concerns about falling prices. But there’s no need to panic—resale volumes are still 0.7% above the 5-year June average.
In today’s video, Marcus will break down this data, focusing on investment potential and offering advice for buyers and sellers. The drop in June was significant but not unprecedented. Historical data shows that June transactions have fluctuated, but this year’s 36% drop is the largest in 11 years. The shrinking price gap between new and resale condos may be influencing buyers to prefer new launches. Resale prices are still higher than the 10-year average, and June’s activity isn’t as bleak as it might seem. For buyers and sellers, understanding these trends is crucial for making informed decisions.
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In his latest video, Marcus Luah addresses the recent plunge in new private home sales in Singapore, which saw a nearly 60% year-on-year decrease in July.
This statistic initially suggests a market crash, but Marcus highlights a critical detail often overlooked: the number of transactions in July 2024 actually saw a significant increase compared to June of the same year. This discrepancy arises because media outlets often use dramatic headlines to attract clicks, reflecting their audience's larger hope for lower property prices, rather than providing a nuanced view of the market.
Marcus also points out that historically, similar drops have not consistently led to market crashes but rather offer opportunities for buyers and sellers to adjust their strategies.
Marcus Luah discusses the current state of the landed property market.
According to recent data, Q2 transactions for landed homes in Singapore saw a 55% increase, highlighting a narrowing gap between buyer and seller price expectations. Marcus, an experienced landed property owner himself, shares his insights on this development. He notes that despite the rise in transaction volume, the pace of price growth has slowed. For instance, semi-detached home transactions surged by 81%, yet overall landed home prices only grew by 1.9%. Marcus compares current trends to past data, such as post-Lehman Brothers and other significant periods, to provide context. He advises both buyers and sellers to be realistic about pricing and market conditions, stressing that while the market isn't crashing, it's also not experiencing extreme growth.
He concludes with recommendations for navigating the current market, emphasizing strategic planning over hasty decisions.
Hey guys! If Marcus were buying an OCR condo today, he’d still go for it. With 40 HDB BTO flats meeting their MOP in 2024, there’s renewed interest in OCR as the government continues decentralizing Singapore. Marcus's first properties were all in the OCR, and prices have steadily risen due to ongoing development.
When buying, Marcus considers a property’s life stages: New Sale, Sub-Sale, and Resale. New Sale is direct from developers, Sub-Sale happens before CSC, and Resale occurs post-CSC. Understanding these phases helps in planning.
At launch, developers often price 5-10% above break-even. Resale prices may rise before key collection, as seen with J Gateway (20% profit at TOP). It’s always wise to aim for a 20% margin to cover costs and gain profit. For instance, if Marcus bought at $2,100 psf, he’d sell later at $3,000 psf for profit.
Hope this helps—like and subscribe for more!
Many agents recommend 99-year leasehold properties, but freehold remains a dream for many. In this video, Marcus will share his experience buying 99-year, 999-year, and freehold properties, and discuss what to consider.
Singapore’s market mainly features 99-year leasehold properties, but there are also 999-year and freehold options. A common misconception is that only leasehold properties can be acquired by the government, but that’s not true—freehold properties can be acquired as well. From Marcus's experience, there isn’t much difference between 999-year and freehold properties. Ultimately, the decision should depend on one's life stage, finances, and priorities. Freehold properties offer security, but 99-year leasehold properties can provide better value and space.
Thanks for watching! Like, comment, and subscribe for more real estate insights.
Are you wondering how to buy a $1,000,000 property in Singapore? In this comprehensive guide, Marcus explains the essential factors to consider before making such a significant investment. Learn about the initial costs involved, such as the down payment, Buyer’s Stamp Duty (BSD), and legal fees, and discover how much income you need to qualify for a mortgage loan. Marcus also discusses the Total Debt Servicing Ratio (TDSR) in Singapore and its impact on your loan eligibility, breaking down how much you can borrow based on your age and income level.
Additionally, this video covers the ongoing financial commitments, including maintenance fees, property tax, and monthly installments. With practical examples and calculations, Marcus guides you on whether buying a $1 million property is feasible, or if opting for a more affordable property, such as one priced at $750,000, might be a smarter move. This video is essential for anyone interested in Singapore real estate, offering valuable insights on how to manage your finances and make informed property investment decisions.
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