Don’t Buy Property for Primary School Entry Until You See This!

About this Video

• Video Title: Don’t Buy Property for Primary School Entry Until You See This!
• Channel: Sophia Berg Property
• Speakers: Sophia, Lauren
• Duration: 00:22:43

Introduction

This video discusses the complexities of Singapore's primary school registration system and whether buying a property near a popular school guarantees entry. The speakers advise parents to research school entry probabilities before making significant property investments.

Key Takeaways

• Singapore's Primary School Application System: The video details the multi-phased application process, highlighting the varying priorities (siblings, alumni, volunteers, etc.) and the highly competitive Phase 2C.
• Proximity Doesn't Guarantee Entry: Even living within 1km of a desirable school doesn't guarantee admission; balloting plays a significant role. A website is mentioned to check the probability of getting into specific schools.
• Analyzing Entry Probabilities: The speakers emphasize using available data to assess the likelihood of acceptance at different schools before buying a property nearby. They provide examples of schools with varying success rates based on distance.
• Financial Risk Assessment: Buying near a popular school is a significant financial risk, as there's no guarantee of entry, and relocation could negatively impact property value. Renting temporarily is suggested as a less risky alternative.
• Property Value and School Proximity: While proximity to a popular school generally increases property value, it's not a guaranteed upswing. School relocation can significantly decrease property values in the affected area. The premium for proximity can be substantial (examples provided).
• New Launch Considerations: The video addresses using addresses of properties under construction for school applications, specifying the criteria (vacant possession date). Specific new launch projects are cited.
• School Conversion to Co-ed: The video touches on the impact of converting a single-sex school (e.g., Marymount Convent) into a co-educational institution on surrounding property values; the speakers offer their perspectives.