Hi John,
It boils down to how long you intend to hold in my opinion. In longer run, I'd personally choose Punggol over Queenstown for 2 simple reasons:
1) Age of property in general in Punggol is younger than Queenstown. Unless you can find a property in Queenstown of the same age with the same price range, otherwise, it will likely be a concern of the long run when you put your unit up for sale to the next buyer.
2) Punggol is still relatively underdeveloped at this point of time whereas Queenstown is already a matured estate with limited developments to go. In this perspective, Punggol prices now is still at an under-developed price, therefore in future where more developments are ready or progress into a mature estate, you will be selling at a developed estate price. The room for growth is far greater than Queenstown, which is already a developed mature estate, which simply means the development potential is limited.
Juggling between these factors, I'd still prefer to put my money into Punggol in the long run. The ball game will be different if you are looking at short term gains.
Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile:
+65-81577565
Email: lim.geryl@yahoo.com.sg
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