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Hi I am looking at property near Butik Batok and i was interested in property The Jade . But its 20+ yr old property though location is very good . I am worried about lease decay when I plan to sell it in 12-15 yrs . Would it be ideal buy . The location is good according to me
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12 Answers

Hi, appreciate your sharing. There are limited new condo in Bukit Batok area, the newest was Le Quest a mix development. Given it's unique location and strong demand in the area, the value will stay
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
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Hi Do contact me at 97970200  to understand more and discuss.

Mark, your RIGHT choice
Propnex Read More
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Hi,
The Jade was completed in 2004. As such, it is not that old for a condo. Lease decay affects every LH property in SG, especially HDB ones. As land is scarce in SG and The Jade being close to the MRT station, would still have good value. There will come a time when old properties get shunned by buyers. That time is sometime in the future. But, there are better properties where you can put your monies in.

Please contact me so that I can be of further assistance.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More
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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, have you view any unit at Le Quest?

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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You're right — The Jade does have a solid location, especially being right next to Bukit Batok MRT. Super convenient, and that usually helps with demand.

That said, your concern about lease decay is valid. In 12–15 years, it'll be pushing close to 40 years old, and buyers may become more sensitive about financing and perceived value, especially if newer launches come up nearby. If you're planning to sell down the road, it's worth comparing with younger 99-year leasehold condos in the area, even if they're a bit further from the MRT.

Sometimes better age profile and facilities can make a big difference in exit strategy.

If you’d like to bounce off more ideas or explore what else is available nearby, happy to chat.
– Aren Goh | +65 9657 6701  (PropNex) Read More
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I ran some numbers on my database to do a quick market and financial analysis for you. I uncovered some interesting findings about how the psf of the Jade has split away from the psf trajectory of the entire District 23 since 2020, which might be of importance to you if you intend to purchase a unit at the Jade.

I would be happy to sit down to explain my findings and how it would impact the value of your property in the long run.

If you do not have a buyer agent representing you at this point, perhaps you could let me assist your home buying journey?

I can help with sourcing, market analysis, trend analysis, negotiation, financial calculations, timeline management and more. Meanwhile you will not be expected to pay me anything in your purchase of private property, as my commission would come from the sellers. This is why most buyers work with agents to their advantage.

I'm a Harvard graduated real estate agent with a degree in economics, and have supported clients on more than $1 billion in transactions.

Feel free to reach out if you think it would be helpful to have my support.

Kay Cloud
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Propnex Realty Pte Ltd
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Hi Sir/Mdm,

As a condo, the price for The Jade has increased quite steadily since day 1. A strong selling point would be the central location in Bukit Batok and walking distance to the MRT.

The psf price and overall quantum is still pretty attractive and affordable. Rental yields are decently and volume is healthy. Therefore in my opinion, you should not face any issues which you wish to sell in the future.

Please feel free to contact me if you need any further clarifications.

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Question is what are your objectives when it comes to purchasing this condo? Since you mention you are looking to liquidate this in 12-15 years time, lease decay will definitely be a concern for any buyers who are looking into a resale development, but......if not The Jade, what other options do you have?

If no other options but with similar concerns that cannot be addressed, will you then remain status quo? Although I am unsure what kind of size you are looking at, chances are with the same type of price, you will probably be looking at much smaller units in newer developments and would these then fit the your family, assuming that you are purchasing the unit for own stay?

At the end of the day, a resale purchase will heavily rely on what kind of entry price you are getting as compared to other units in the same development as well as neighbouring development. If there are only few new launches coming up at the point of your exit plan, the pain will likely set in deeper as interest may not be high but if there are new launches nearby at your point of sale, you may benefit then from the ripple effects of the hype created by new launch.

There is no wrong in buying resale as you could be potentially buying significantly below valuation which would have made you some profit upon entering.

——

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I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

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Good afternoon

I would think 12 to 15 years down the road, Jurong lake district, Jurong innovation district would be much more developed and there will be spillover effects to residential developments in the western region. The Tuas megaport is also scheduled to be ready in 2040, which coincides with your timeline. The positive impacts of these developments imho will outweigh the lease decay issue, and the jade also has strong fundamentals to begin with (doorstep to mrt, mall, good efficient spacious layouts). It much depends on your entry point psf, and as long as you are buying within recent transaction rates and not above markt rate I would think the future resale value potential is still possible.

Buyers by then would be buying with balance lease of 40 years +/-, which is still possible for many upgraders since they are probably in their 30s or 40s which will still last them until 90+ years old of age.

Just my 2 cents. Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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Tan Pei Cheng (Pei)
I would be glad to assist you.
Feel free to contact me at wa.me/6597100155
Hope to hear from you soon.
Pei Mobile: (65) 9 7 1 0 0 1 5 5.
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1. Bukit Batok has limited new private condo supply — *Le Quest* stands out as the newest mixed-use project, reinforcing demand stability in the area.
2. *The Jade*, completed in 2004, isn't considered old by leasehold standards, and its proximity to the MRT supports its long-term appeal despite lease decay.
3. However, once the condo approaches the 40-year mark in 12–15 years, buyer sentiment and bank financing may turn cautious, especially if newer developments emerge nearby.

**Recommendation**: If capital appreciation or future exit strategy is a priority, consider younger 99-year leasehold options in surrounding districts, even if slightly farther from the MRT.

*"The best investment on Earth is earth." – Louis Glickman*
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GAN ENG JOO ONASSIS
Dear Sir/ Madam,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance.

Wishing you a fantastic day ahead.

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