Hi Keen Investor!
As this is an open forum, let us look at this project from both sides of the equation. In this, I will be making 3 assupmtions,
1. That you are an investor, you look for rental and capital gains on the project.
2. Your focus is in the capital appreciation of the project.
3. You will not be using The Scala to stay yourself.
On Rental Returns,
Rental return on this project will undoubtedly be very good as the location is just beside an MRT station, and that the area is close by to the popular Serangoon Residential Neighbourhood, upcoming Nex Mega Mall, and choice schools.
On Capital Appreciation,
PRICE is everything. Failing to secure a good price would mean that your total return would be riding on just your rental return. Given that the project is a 99year leasehold development, you will also be limited in the "premium" lifespan on the project from which to cash out before the development starts to depreciate.
Outside of the above 3 assumptions, The Scala is a fantastic development for own stay purposes, thus if you might consider staying there yourself, your own house at the moment would become the choice investment unit, while the Scala changes to your own stay development.
Please feel free to contact us for more property portfolio investment advice.
Your Singapore Condo Specialist Team,
Mervin Tang
Senior Marketing Associates
Developer's Appointed Agency
Huttons Real Estate Group
Call Today:
(+65) 9184 0208
Website: http://www.sgcondospecialist.com
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