Dear Sir/Mdm,
An important factor to consider when buying a property is to consider the location. A location which is located near to transportation nodes such as Bus Interchange or MRT is likely to continue to appreciate in the future with the population growth.
In time to come, there may be an oversupply of ECs with developer struggling to sell off the current inventory of units. ECs are priced slightly lower than a private condo and there is a good chance that you may be able to enjoy a price appreciation of 20% to 50% in time to come. However, you may want to buy an EC in an area with redevelopment potential to realise the upside potential.
For a resale flat, if the flat is located in a good location in a matured estate, it is unlikely to depreciate with time as shown by the older flats in estates such as Tiong Bahru and Bishan. No flats in Singapore have ran out of their lease yet as our government usually conducts enbloc on the older blocks and relocate the residents to a nearby or similar area.
The question on whether a new EC or resale flat makes a better investment depends on your financial affordability as well. Please feel free to contact me at
9644 4854
to discuss further!!
Regards,
Nick Tan
(M)
+65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com / www.propertyavenue.com.sg
Testimonial from Satisfied Clients (2015)
“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought through Nick)
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