Hi Phil,
1) According to past property price trends, it is obvious a private residence appreciated higher than the HDB flat.
2) Other than the man-made appreciation in the 2000+, where the supply of BTO was purposely maintaining at a lower number to inflate the resale HDB price.
3) During that period the appreciation of private resale and resale HDB was in equal percentage. However, the concept of $500K appreciation and $250K appreciation both equal at 10% is an entirely different concept.
4) $500k appreciation of 10% = $550, whereas $250k appreciation of 10% = $275k. So in long term let say a total appreciation of 2% per yr and hold it for 20 years. The number could be quite scary.
5) Don't forget the amount appreciate is accumulative, thus the final number for $500k and $250k will be $742.97k and $371.49k respectively.
6) Having said all the above, all valuation of resale is based on past transactions. In a small private development, it will face a higher risk than a bigger development of unable to maintain its appreciation when there are fire sales in the development.
7) Thus it is advisable to consult a professional before you bet your money on it.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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