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.
Claim your free home report today at http://bit.ly/ClaimFreeReport.
Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
My self introductory video on https://youtu.be/6UfrCOCB6Mg
Regards,
Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile:
+65-81577565 /+65-92787772
Email: geryl7772@gmail.com
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