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Hi all, need advise. Am looking to buy a resale condo for own stay. Had shortlisted a few units of leasehold projects with good size & within my budget.
The only downside is that these units are already 18-20yrs old.

1)what is the disadvantage of owning a old condo unit?
2)Any potential gain for such condo if were to sell in 6-8yrs time?

Thank you.
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4 Answers

Hi Nicky,

Do get in touch with me and I can share with you in detail the Pros and Cons, in the past, current market conditions and possibly going forward.

Steven Wang
Edmund Tie & Co Property Network Pte Ltd
khim.wang28@gmail.com
 +65 9169 5023  ( I am on Whatsapp) Read More
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Dear Nicky,

Gone were the good old days where we are able to see $200k upwards type of appreciation for real estate. Despite projecting market to recover in at least another 12 months from most experts which are reported on the various real estate portals, it is unlikely we will be able to see the same growth rate when that time comes.

As this is your big ticket item purchase, there are several questions you will need to ask yourself before moving on to next stage.

1) Why are you purchasing this property?
2) Why have you shortlisted the few projects?
3) Are these units available for sale looking at market prices?
4) Are you able to utilise the CPF and funds as per your plan in this purchase?
5) What are the potential exit plans if you have plans for exiting moving forward?
6) What could be the outcome of exit if price does not appreciate?

In any form of real estate purchases, it is always easy to enter the market, however, exiting may not be as straightforward, which is a reason why I never advocate for off shore real estate investment unless the purchaser does not intend to liquidate in the short to medium term.

Let me know what else can I assist moving forward.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
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Hi Nicky

Do contact me at +6597970200  to understand your requirements and discuss on your options

regards
Mark, your RIGHT choice
SRH Read More
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GAN ENG JOO ONASSIS
Dear Mr Nicky,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

18-19 years not old, property with less than 70 years leasehold still considered fine for investment.

The value of the property is depend on the future development surroundings, major factor any new projects coming up for sales, as it will push up the median selling price in the areas. As land prices, material prices increase with inflation.

I am contactable at 92222389  or onassis@sgagent.com / sgrealtor.com

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com

EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
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