AskGuru Q&A Community

Dear Sir / Mdm,

Shall we discuss on your breakeven price and then include your intended profit before putting into the market for sale?

If we are able to discuss further, please let me know.

Thanks.
Choo Jia Ming - Savills Sales Director
HP: 9476 2732 
Email: jiaming.choo10@gmail.com
CEA Salesperson reg. no: R026370F Read More

Hi CFC,

I assume that there is a typo error and you have owned the property for 10 years instead of 10 days.

In term of rental market, general speaking tenants will prefer new project as everything will be new including furniture. However, I do not think that rental will affect much but your unit will be less attractive compare to the new project and thus may take longer time to get tenant.

Regards to whether should you sell now, it depends on your expectation. If you are happy with the profit you will get then I though it might be better to find a newer project to invest since yours is a lease hold and more than 10 years old.

Hope I had answered your questions.

Feel free to contact me if you required any assistance.

Thanks and Regards
Johnny Goh
Group Director
Dennis Wee Realty Pte Ltd
CEA registration number R018297H
Mobile: 90906267 
Email: johnnygohmh@dwg.com.sg
Website: johnnygohproperty.com Read More

Hi CFC,

As a property ages, rental attractiveness drops as compared to the newer developments. It will be good if you are able to work out the sums in terms of selling now or keep it for rental but adjust the rental asking to see which is more feasible. As according to news report, prices for private homes have dipped so will this affect the selling price for your unit? It will depend on the final financial objective derived.

Should you require any further assistance, feel free to contact me.

Regards,
Geryl LIM
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More