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#33: Cracking the Condo Code 4: The Exit Audience and Familiarity Effect
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Welcome back to another Cracking The Code episode on Nuggets On The Go! With the landscape of real estate constantly evolving in line with recent reclassification of mature and non-mature estates to Standard, Plus and Prime models, plus rejuvenation of non-central townships, is it perhaps time to reclassify the OCR, RCR and CCR?
Join Melvin Lim from PropertyLimBrothers to explore the question whether is it time to reevaluate region classifications, and what reclassification may help to do. Find out why Melvin thinks reclassification may be necessary, as well as the impact of the exit audience effect.
(00:00:00) Intro
(00:00:54) Removal of non-mature and mature HDB housing | Standard, Plus & Prime HDB
(00:02:12) Reclassification of OCR, CCR, RCR
(00:04:39) New Townships
(00:05:57) Exit audience of BTOs / MOP HDB
(00:10:14) MOAT Analysis [Treasure Trove / Parc Centros / Prive]
(00:11:28) First-hand owner psychology / familiarity effect
(00:15:28) OCR Development
(00:19:00) Potential of new townships
(00:20:23) Exit strategy criteria
(00:22:10) Wrap Up
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