What if I told you TWO properties bought in the almost the SAME TIMING with difference in tenure, 1 is FREEHOLD near to city fringe, mixed development and mrt while the other is LEASEHOLD, far from mrt and yet the freehold property actually loss money of -$130,000?! While the other made a handsome profit of +$256,000.
In this situation, one of the key reason is because of the lack of TRANSACTIONS. In a boutique condo illustration does not allow the bank to have many references in transactions regardless of whether it is freehold or leasehold.
When I was always taught that newer property BTO, condo and EC grows my wealth faster because being the first owner it allows all of us to be on the same playing field. This may not be the case...
While owners in PANORAMA condo are likely to cash out the profits and have the option to upgrade to a bigger property, the irony is that THE CITRON condo owners are likely to be stuck and have to wait for the market to pick up in order to gain traction and profit out.
So if you’re looking to achieve a comfortable retirement by identifying low-risk property, and spotting good gains of up to 6 figures in 3 - 4 years time. You can apply for a 1-on-1 consultation call with my team today.
To find out if you qualify:
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