hi, a new condo is going to be built beside mine. mine is a low rise one. what will be the impact on the price of my property? is it bound to fall after the new condo is up? should i be looking at selling off my unit now before the new condo begins construction? pls advise, thanks alot!!
Posted by joy on May 20, 2008 in General Questions | 527 Views
Latest Answers by Real Estate Professionals (2 Answers)
Answer Posted on May 20, 2008
Hi Joy,
The main impact constructions have on existing projects is the rental. You will find it extremely difficult to rent your unit out at a good price until a large part of the construction is complete, especially if you face the construction directly.
Most buyers will know of the construction and use it as a reason to bring your price down. Take note of this.
Do drop me a call if you need more advice
Jeff - 91716373
The main impact constructions have on existing projects is the rental. You will find it extremely difficult to rent your unit out at a good price until a large part of the construction is complete, especially if you face the construction directly.
Most buyers will know of the construction and use it as a reason to bring your price down. Take note of this.
Do drop me a call if you need more advice
Jeff - 91716373
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