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While condos generally appreciate in value, however, do remember that this is largely dependent on factors such as location, nearby amenities, remaining lease, etc.
Hope this answers your question.
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Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com Read More
1) This is a tough question, because not sure what is your definition of "value goes up".
2) Property price index (PPI) is readily available to the public. You can find the data and graphs from URA.
3) So far, there were 3 dips on PPI in the past 20 years trend. Twice were due to the dot com bubble and Lemans' brother case, the 3rd was due to the implementation of TDSR/MSR.
4) Other than the 3 dips, the PPI has been increasing over the 17 years.
5) So if you whether the PPI has been increasing, the answer is obvious.
6) But because we are not buying every condo in Singapore to enjoy the appreciation, we have to be very selective in choosing the right project and right unit in order to enjoy the fruit.
7) Due to how a market works, in general, a new project usually enjoys lower risk and a higher chance of capital appreciation.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636, or email: email@example.com if more information is needed.
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Property value goes up in the long run in Singapore. However, you will need to be selective when buying a condo if it is solely for investment purposes because in some cases, investors end up losing money.
Please feel free to contact me so that I can understand your objectives and assist you further.
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Visit my website to know me better: www.nicktan.com.sg
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
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Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
Condo values go Up or DOWN according to the market and economic situation of the country. As such, if you time your purchase or sale properly, you will be able to make a decent investment gain over the years, as properties are long term investments!
But, should you time your purchase and sale wrongly, then, you could end up with a LEMON in your hands. Please call me to find out more
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