Asked by Anonymous
Hi,
I am looking to buy my first property as an investment (meaning I will rent out while I stay with my family). I am single 32 years old and my budget is SGD 1 Million. The bank has confirmed I can buy up to SGD 1.2 million, but prefer to be prudent in a market where interests rates are likely to go up.
My main aim is to ride on the soft market now, and sell it off in 5 years or longer when the market picks up (capital appreciation).
Can someone advice me, is freehold vs 99-LH better. And which are the areas that I should look at for best potential capital appreciation? I would think it is not a good idea to look at older LH apartments since they will only depreciate.
Please share with me your thoughts.
I am looking to buy my first property as an investment (meaning I will rent out while I stay with my family). I am single 32 years old and my budget is SGD 1 Million. The bank has confirmed I can buy up to SGD 1.2 million, but prefer to be prudent in a market where interests rates are likely to go up.
My main aim is to ride on the soft market now, and sell it off in 5 years or longer when the market picks up (capital appreciation).
Can someone advice me, is freehold vs 99-LH better. And which are the areas that I should look at for best potential capital appreciation? I would think it is not a good idea to look at older LH apartments since they will only depreciate.
Please share with me your thoughts.
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