Hello Fiona,
Having a real estate investment portfolio is certainly an impoartant aspect of all investments. Having said that, there are certain key components to real estate INVESTMENT, that differ from OWN STAY real estate:
1. Convenience - Access to transport, ammenities
2. Shock Resilience - FH vs 99 yearleasehold properties behave very differently during economic downturns.
3. District
There are many more points to consider and discuss if you would like to know more on these.
Off hand, The Minton is 1km + from any major infrastructure network (MRT), it being leasehold makes it susceptible to economic shocks. Thirdly, it is in D19, far from the central core regions of D9,10,11 or the prime districts of D15,16. Thus captial appreciation potential is vastly limited.
With the $700K budget that you have, you are far better off considering some of the projects that are FREEHOLD, and in the stated regions.
Please feel free to browse my website or call me to discuss more!
Your Singapore Condo Specialist Team,
Mervin Tang
Senior Marketing Associates
Developer's Appointed Agency
Huttons Real Estate Group
Call Today:
(+65) 9184 0208
Website: http://www.sgcondospecialist.com
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