Dear ATKA,
1. On Landed vs Condos
There is a little known fact that property behaves very much like cars except over the long run. Over time (20-30 years) property (building actually depreciates) structures tend to decay and require replacement. The real value here is locked in the physical land that the building is built on. However, there are differences, in a condominium, you can expect country club like facilities for the family's enjoyment.
Thus, to mix enjoying the codominium lifestyle with the benefit of owning physical land, perhaps you might want to have the mindset preparation to move house every 8 years from Condo to Condo, that way the value of the property is maximised as it is percieved to be "new".
Over time, you might want to consider both options via owning landed property, while at the same time living a condominium lifestyle.
2. On valuations
For condos, the value is based on built in area, while the whole condominium is accessed as a whole on its strata land.
For landed property, BOTH built in and land area are assessed on an individual basis.
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
Sales Enquiry: enquiry@sgcondospecialist.com
Career Opportunities: career@sgcondospecialist.com
Read More
