Hi,
Generally speaking for investment purchases in current market sentiment, I would advise to purchase in areas with new upcoming infrastructure plans which will transform the area, and with proximity to commercial nodes or business parks which will provide a bigger pool of tenants to choose from.
For Jadescape, its pretty central in terms of locality and can access to various areas with the circle line and upcoming Thomson east coast line. However, tenants also have options for 1 bedrooms in the vicinity of Jadescape or even 1 or 2 mrt stations away. You can take a look at nearby Tresalveo rentals achieved as a gauge. Is this something you are comfortable with? You may also want to take note Jadescape is a mega development, which means competition in and of itself with regards to competing with tenants at TOP. For investment it is important to have an idea what your future tenant profile will be like and will likely come from. I agree with my colleagues here who mentioned entry price is key. In addition, I would add holding power to that in terms of ability to service the mortgages for a good 12 or 24 months depending on one's risk level.
Generally speaking 3-5 years time horizon may not be sufficient for any capital appreciation to fully play out, unless you are already at areas where the Master Plan has zoned for some future development in the pipeline.
I would also like to highlight without knowing your objectives in detail, I can't make the best assessment. There could be non-monetary factors such as being close to your loved ones which would be important for your well being and convenience. This may justify Jadescape as your purchase.
Let's get in touch to chat further and exchange pointers. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng Realtor
ERA Senior Marketing Director
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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --
I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.
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